Press release
Tires Market is forecasted to expand to $ 132.07 billion by 2030
Tires Market, Tires Market Size, Tires Market Share, Tires Market Scope,
The worldwide tire industry is expected to experience substantial growth, with a projected increase in value from USD 132.07 billion in 2023 to USD 176.15 billion by 2030, fueled by rising global vehicle manufacturing and sales. Tires are essential for the performance of a vehicle as they offer load-bearing capacity, traction, and steering stability. The tire industry is dominated by the Asia-Pacific region, especially China, which leads the market with its substantial manufacturing base and efficient production practices. The main factor driving the worldwide tire industry is the increasing manufacture and purchase of vehicles, encompassing both commercial and passenger cars. As more customers seek lightweight, high-end, and luxury vehicles, the tire industry also sees an increase in demand. One of the main trends in the tire industry is the increasing demand for radial tires, especially in the mining and construction industries, because of their strong performance and lasting quality. As customers look for high-quality products, there is an increasing need for advanced tire technologies that improve safety, efficiency, and performance. The recent trend shows considerable movement in the tire industry.
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Sept 26, 2024, moneycontrol.com: reported the CRISIL statement stating inflated natural rubber prices will impact the tire market.
Sept 23, 2024, tyrepress.com: Published an article comparing Chinese and European tyre markets.
Sept 23, 2024, North Africa Post: Reported the deficiency of tires in the Algerian tire market.
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Tires Market Segmentation
by Type
Radial Tires
Bias Tires
Non-Pneumatic Tires
by Vehicle Type
Passenger Cars
Commercial Cars
Off-Road Cars
by Distribution Channel
OEM
Aftermarket
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Tires Market Key Players
Cooper Tire & Rubber Company (U.S)
Goodyear Tire & Rubber Company (U.S)
Avon Tyres (U.K)
Continental AG (Germany)
MITAS A.S. (Czech Republic)
Key questions answered in the Tires Market are:
What are the differences in demand between regions and vehicle types for OE and Aftermarket products?
What is the level of demand for different sizes of tire rims based on vehicle type and region?
What will be the future outlook for the tire retreading market?
What tire material trends are currently dominating the market and what can be expected in the future?
What is the regional distribution of all-season tires, winter tires, and summer tires penetration?
Who are the main figures in the worldwide tire industry?
๐ ๐จ๐ซ ๐ ๐๐๐๐ฉ๐๐ซ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ , ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค: https://www.maximizemarketresearch.com/market-report/global-tires-market/112589/
Key Offerings:
Past Tires Market Size and Competitive Landscape (2018 to 2022)
Past Pricing and price curve by region (2018 to 2022)
Tires Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Tires Market Segmentation - A detailed analysis by segment with their sub-segments 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
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