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Automotive Tire Market 2023 | Business Overview, New Share, Trends Analysis, And Forecast To 2032
Automotive Tire Market
The Business Research Company's Automotive Tire Global Market Report 2023 identifies increasing production of vehicles and the growing popularity of electric cars and pickup trucks and similar light commercial vehicles propels the market growth of the automotive tire market.
The global automotive tire market size grew from $125.85 billion in 2022 to $134.36 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The automotive tire market size is expected to grow to $176.22 billion in 2027 at a CAGR of 7.0%.
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Major competitors in the automotive tire market are Bridgestone Corporation, The Goodyear Tire and Rubber Company, Continental AG, Michelin, Sumitomo Rubber Industries, Hankook and Company Co. Ltd., Pirelli, The Yokohama Rubber Co. Ltd., Apollo Tyres Ltd. S.p.A, Toyo Tire Corporation, MRF Limited, JK Tyre and Industries Ltd., CEAT Limited, Nokian Tyres PLC, Sailun Group Co. Ltd., Salsons Impex Pvt. Ltd., Shandong Linglong Group Co. Ltd., Kumho Tire, Giti Tire, Maxxis International, Nexen Tire Corporation, Cooper Tire and Rubber Company, and Cheng Shin Rubber Industry Co.
Automotive tire companies are focusing on developing airless tires for passenger and commercial vehicles. The zero-pressure tires ensure zero downtime and no loss of productivity for commercial vehicles and ensure greater auto safety and performance.
Read More On The Global Automotive Tire Market Report Here:
https://www.thebusinessresearchcompany.com/report/automotive-tire-global-market-report
The automotive tire market is segmented -
• By Rim Size: Less Than 15 Inches, 15 to 20 Inches, More Than 20 Inches
• By Vehicle Type: Passenger Vehicle, Commercial Vehicle, Electric Vehicle
• By Manufacturing: Radial Tire, Bias Tire
• By Distribution Channel: Original Equipment Manufacturer (OEM), Aftermarket
• By Season Type: Summer, Winter, All Seasons
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the automotive tire market.
The Business Research Company's "Global Automotive Tire Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Tire Market Include:
1. Automotive Tire Market Executive Summary
2. Automotive Tire Market Segments
3. Automotive Tire Market Size And Automotive Tire Market Growth Rate
4. Key Automotive Tire Market Trends
5. Major Automotive Tire Market Drivers
……
25. Key Mergers And Acquisitions In The Automotive Tire Market
26. Top Automotive Tire Companies
27. Automotive Tire Market Opportunities And Strategies
28. Automotive Tire Market, Conclusions And Recommendations
29. Appendix
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