Automotive Tire Market revenue is expected to grow at 6.32 percent from 2024 to 2030, reaching nearly USD 217.77 Billion as per Stellar Market Research

Stellar Market Research has published market intelligence and competitive landscape report on the Automotive Tire Market. The report combines primary and secondary data, and field experts have examined the Automotive Tire Market from a local, regional, and global point of view. Over the forecast period, Stellar Market Research expects the Automotive Tire Market revenue is expected to grow at 6.32 percent from 2024 to 2030, reaching nearly USD 217.77 Billion.

To access more details regarding this research, visit the following webpage:https://www.stellarmr.com/report/Automotive-Tire-Market/331

Automotive Tire Market Overview:

A rubber-covered circular vehicle component that covers the rim of the wheel from the outside is known as an automotive tire. The automotive tire market report provides you, a PESTLE analysis, PORTER's five force analysis, and segment analysis with market shares and forecast size, based on vehicle type, tire type, material, rim size, sales channel, and region.

Automotive Tire Market Dynamics:

Leading companies invest considerably in research and development to improve efficiency and produce high-quality tires. A growth in automobile manufacturing and robust demand for passenger cars are expected to boost the automotive tire market over the forecast period. Furthermore, in comparison to constructing a brand new one, it saves a extensive sum of money on tire and fabric prices. however additionally of their second, third, or even fourth.

For in-depth information on this study, visit the following link:https://www.stellarmr.com/report/req_sample/Automotive-Tire-Market/331

Automotive Tire Market Regional Analysis

In 2020, the Asia-Pacific automotive tire market accounted for more than 40% of total sales, and from 2021 to 2025, it is predicted to grow at a CAGR of more than 6%. India is the fastest-growing country in the APAC area in the LCV and passenger vehicle markets, owing to rising demand from the rural sector. North America is experiencing considerable market expansion. Furthermore, the region's automotive tire market is growing due to rising demand for off-roading tyres among sports enthusiasts.

Automotive Tire Market Segmentation:

by Vehicle Type

Passenger Cars
LCV (Light Commercial Vehicles)
HCV (Heavy Commercial Vehicles)
by Tire type

Radial
Bias
by Material

13-15
16-18
19-21
>21 inches
by Sales Channel

OEM
Aftermarket

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Leading Automotive Tire Market key industry:

Continental AG (Germany)
Michelin (France)
Sumitomo Rubber Industries, Ltd. (Japan)
Toyo Tire & Rubber Co., Ltd. (Japan)
Yokohoma Tire Corporation (Japan)
Maxxis International (Taiwan)
Cheng Shin Rubber Industry Co. (China)
Hangzhou Zhongce Rubber Co., Ltd. (China)
Hankook Tire (South Korea)
JK Tyre & Industries Ltd. (India)
Kumho Tire Co., Inc. (South Korea)
Key questions answered in the Automotive Tire Market are:

What is the CAGR of the Automotive Tire Market in the forecast period (2024-2030)?
Which region has the highest growth rate in the Automotive Tire Market?
Who are the key players in the Automotive Tire Market?
Which rim size segment is dominating the Automotive Tire Market?
Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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