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Car Tire Market | Business Growth, Development Factors, Current and Future Trends till 2031 | Tetra Pak International S.A. Toyo Seikan Group Holdings Ltd. WeighPack Systems, Inc.

09-20-2024 07:38 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Car Tire Market

Car Tire Market

The global car tire market is anticipated to grow at a considerable CAGR of 2.2% during the forecast period (2023-2029). Tire makers are turning to green energy in their production as companies are working to achieve carbon neutrality by 2050, with investments in the direction of zero-carbon technology, energy efficiency, and green energy. For instance, in February 2021, Michelin Group announced that it is working toward making its tires 100% sustainable by 2050. For this, Michelin partnered with various organizations like Axens, IFP Energies Nouvelles, Pyrowave, Carbios, Enviro, and BlackCycle.

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Most manufacturing companies are using automation to increase productivity and profitability due to rapid technological advancements. The automotive tire market is expected to witness growth as a result of technological advancements in the global car tire industry, such as the introduction of rimless tires, green tires, and the use of lightweight elastomers and metals such as alloys and carbon fiber or composites such as manganese bronze and nickel aluminum bronze to manufacture tires.

full report of Car Tire Market available @ https://www.omrglobal.com/industry-reports/car-tire-market

• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Car Tire Market Report Segment
By Tire Type
• Winter Tires
• Summer Tires
• Others

By Application
• On-the-Road
• Off-the-Road

By Vehicle Type
• Passenger Cars
• Commercial Vehicles

By End-User
• OEM
• Aftermarket

Global Car Tire Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/car-tire-market

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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