Middletown, Delaware – September 04, 2026 -- The global racing tires market will grow from USD 2.921 billion in 2025 to USD 3.929 billion by 2035, a compound annual growth rate of 2.85%, according to a new study by Radial Insights. The market is projected to reach USD 3.051 billion in 2026 as exclusive control-tire contracts continue to anchor manufacturer revenue.
Control-tire contracts add 0.5 percentage points to market growth through 2035
Radial Insights estimates that exclusive series-supply agreements contribute roughly 0.5 percentage points to overall CAGR by allowing manufacturers to align production, compound development and logistics with fixed racing calendars. In June 2026, Formula 1 and the FIA extended Pirelli's role as sole tire supplier for Formula 1, Formula 2, Formula 3 and F1 Academy through 2028. Goodyear maintains a parallel multi-year exclusive supply arrangement across NASCAR's Cup, Xfinity and Truck series.
Grassroots and sim-racing pathways add 0.4 points to CAGR
Motorsport UK reports approximately 64,000 competition license holders active across 14 disciplines and roughly 3,500 events annually, supported by a free RS Clubman License entry route. The FIA's 2025 club-development program spans 149 sport member clubs, complemented by its Motor Sport in a Box initiative for lower-cost event organization. iRacing counts more than 350,000 sim racers globally, while the 2025 Skip Barber Formula iRacing Series distributed prizes exceeding USD 500,000 as a pathway into real-world Formula racing. Radial Insights attributes approximately 0.4 percentage points of market CAGR to this grassroots and sim-to-real participation funnel.
Europe holds 37.69% share as circuit and slick-tire demand dominate
Europe leads the market with a 37.69% share, driven by its circuit density, Formula and endurance championships, and concentration of professional teams and specialist suppliers. North America follows at 30.07%, sustained by NASCAR, IndyCar and drag racing alongside a large grassroots base. Asia-Pacific accounts for 20.28% as international series expand in Japan and China, while Latin America (5.96%), the Middle East (3.03%) and Africa (2.97%) represent smaller but growing shares. Circuit/track racing remains the leading discipline and dry slick compounds the dominant product category, with series-spec control-tire contracts generating the majority of market value.
Bridgestone expands 2026 motorsport supply across GT500 and endurance series
In March 2026, Bridgestone expanded its motorsports program to supply 12 GT500 teams, six GT300 teams and seven FIM Endurance World Championship teams, while continuing as IndyCar's official tire supplier. Michelin maintains a strong endurance-racing presence, and Hankook and Yokohama use motorsport participation to support technology development and brand positioning in regional series and aftermarket channels.
Development costs for advanced compounds, specialized carcass construction and continuous trackside testing remain a barrier for price-sensitive amateur and club racers, the report notes. Suppliers must also navigate changing safety regulations and sustainability targets while maintaining fixed race-calendar delivery schedules, making manufacturing resilience and trackside inventory planning critical to performance.