Racing Tires Market to Hit $3.929B by 2035 on Control-Tire Deals
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.