2028 Global Tire Market: Global Size, Share, Demand and Ongoing Industry Trends | Bridgestone, Michelin, and Goodyear

Comprehensive Insights: Global Tire Market Report, 2023-28

MarkNtel Advisors, a prominent market research firm, has recently published a report titled "Global Tire Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028." This comprehensive study explores into the industry, offering an in-depth examination of the Tire market, encompassing research findings, size, market share, trends, and growth projections.

Furthermore, the report encompasses competitor and regional analyses, spotlighting the most recent developments in the market.

Report Historical Data:

> Historical Data: 2018-21

> Base Year: 2022

> Forecast Period: 2023-28

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Global Tire Market Overview:

The Global Tire Market is expected to grow at a CAGR of 3.85% during the forecast period 2023-2028 and would reach USD318.57 billion by 2028.. With the emergence of more efficient vehicles and a smoother infrastructure, the global tire market is experiencing rapid growth & changes. The rise in vehicle production in developing countries and increased competition among tire manufacturers are the prime aspects projected to drive the market in the forecast years. Besides, since modern farming methods are becoming increasingly popular nowadays, there's a growing focus on mechanizing farming activities, which would result in a boom for the tire industry in the agriculture sector.

What are the top listed Tire Companies in the Global market?

* Bridgestone Corporation

* Continental Ag

* Hankook & Company Co., Ltd.

* Michelin

* Nokian Tyres Plc

* Pirelli & C. S.P.A.

* Sumitomo Rubber Industries, Ltd.

* The Yokohama Rubber Co., Ltd.

* Toyo Tire Corporation

* MRF Limited

* CEAT Limited

* JK Tire & Industries Ltd.

* Apollo Tires Ltd

* Others (Zhongce Rubber Group Co., Ltd., Sailun Group Co., Ltd., etc.)

What Factor Driving the Tire Industry Growth in the coming years?

Mounting Prevalence of Electric Vehicles - One of the most prominent factors projected to drive the Global Tire Market during 2023-28 is the rapidly surging Electric Vehicle (EV) production across developing countries. Growing awareness about the environment, coupled with increasing oil & gas prices worldwide, are shifting consumers toward buying EVs, which, in turn, would contribute significantly to the global tire market growt. [read more - https://www.marknteladvisors.com/research-library/global-tire-market.html ]

What segmentation included in Global Tire market?

By Vehicle Type

* Two Wheeler

* Three Wheeler

* Passenger Car

* Commercial Vehicle

** Light Commercial Vehicle (LCV)

** Medium & Heavy Commercial Vehicle (MHCV)

* Off-the-Road Vehicle (OTR)

By Demand Type

* OEM

* Replacement

By Tire Type

* Radial

* Bias

By Season Type

* Summer Tires

* Winter Tires

* All Season Tires

By Sales Channel

* Direct Sales

* Dealers & Distributors

* Online Platform

By Rim Size

* Upto 12"

* 12.1" to 15"

* 15.1" to 18"

* 18" to 22.5"

* 22.6" to 26"

* 26.1" to 35"

* 35.1" to 47"

* Above 47"

By Price Category

* Budget

* Economy

* Premium

Separation By Region

* North America

* South America

* Europe

* The Middle East and Africa

* Asia-Pacific

In case you missed it, we are currently revising our reports. Click on the "Request Customization Report" button to get the latest research data with forecast for years 2024 to 2029, including market size, industry trends, and competitive analysis. It wouldn't take long for the team to deliver the most recent version of the report. [Visit - https://www.marknteladvisors.com/query/request-customization/global-tire-market.html ]

Reason to Buy This Report:

> In-depth analysis covering Tire Market Size, Share, Growth, Trends, and Future Outlook.

> Focus on Industry Dynamics, Demand, and Development Opportunities.

> Incorporates Latest Investment and Industry Reports for a comprehensive view.

> Accurate Forecast data to guide informed decision-making.

> Presented in English for clear and concise understanding.

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