Press release
Tires Market Growth and Size Outlook Suggest USD 176.15 Billion by 2030
Tires Market
๐๐ข๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
Tires play a crucial role in vehicle performance, serving as the primary point of contact between the road and the vehicle. They ensure safety, provide traction, and contribute to steering stability. The growing demand for vehicles worldwide, coupled with advancements in tire technology, is driving the global tire market. Regions such as Asia-Pacific, with significant contributions from China, India, and Japan, dominate the market due to their high production and sales capacities.
๐๐จ๐ฎ๐ซ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฌ ๐๐ฎ๐ฌ๐ญ ๐ ๐๐ฅ๐ข๐๐ค ๐๐ฐ๐๐ฒ! https://www.maximizemarketresearch.com/request-sample/112589/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ:
The primary driver of the tire market is the rising global production and sales of vehicles, including passenger cars, commercial vehicles, and electric vehicles. Increasing consumer preference for luxury and high-performance vehicles further supports market growth. Additionally, growing environmental awareness and stringent emission regulations are pushing manufacturers to develop innovative, sustainable tire solutions, enhancing their appeal among eco-conscious buyers.
๐๐ข๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
The tire industry is experiencing notable trends such as the adoption of radial tires for improved performance and durability, particularly in industrial and commercial applications. The increasing popularity of electric vehicles is fostering demand for specialized tires designed for reduced rolling resistance and enhanced energy efficiency. Additionally, technological advancements like smart tires equipped with sensors for real-time monitoring are reshaping the industry landscape.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ + ๐๐ซ๐๐ฉ๐ก๐ฌ ๐๐๐ซ๐: https://www.maximizemarketresearch.com/inquiry-before-buying/112589/
๐๐ข๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ:
Significant growth opportunities exist in the Asia-Pacific region, driven by the expanding automotive sector and rising disposable incomes. The increasing average lifespan of vehicles globally boosts the demand for replacement tires in the aftermarket segment. Furthermore, the surge in electric vehicle adoption presents opportunities for tire manufacturers to innovate and cater to this growing segment with tailored products.
๐๐ก๐๐ญ ๐ข๐ฌ ๐๐ข๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ?
The Asia-Pacific region leads the global tire market, accounting for nearly half of the market share in 2023, with China, India, and Japan dominating production and sales. North America and Europe also represent significant markets, driven by strong demand for passenger and commercial vehicles. The U.S. tire market holds a substantial share, while countries like Germany, Japan, and Canada exhibit steady growth rates. These regional dynamics are underpinned by advancements in tire manufacturing and increasing consumer preference for high-quality, performance-driven products.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ:๏ปฟ https://www.maximizemarketresearch.com/request-sample/112589/ ๏ปฟ๏ปฟ
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ข๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ
by Type
Radial Tires
Bias Tires
Non-Pneumatic Tires
by Vehicle Type
Passenger Cars
Commercial Cars
Off-Road Cars
by Distribution Channel
OEM
Aftermarket
๐๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ ๐ฅ๐๐ซ๐ ๐๐ฌ๐ญ ๐ฆ๐๐ง๐ฎ๐๐๐๐ญ๐ฎ๐ซ๐๐ซ๐ฌ ๐จ๐ ๐๐ข๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐?
1. Cooper Tire & Rubber Company (U.S)
2. Goodyear Tire & Rubber Company (U.S)
3. Avon Tyres (U.K)
4. Continental AG (Germany)
5. MITAS A.S. (Czech Republic)
6. Michelin (France)
7. Nokian Tyres Oyj (Finland)
8. Pirelli & C. S.p.A (Italy)
9. Apollo Tyres Ltd (India)
10. MRF (India)
11. CEAT (India)
12. JK Tyre & Industries Ltd (India)
13. Madras Rubber Factory Ltd. (India)
14. Bridgestone Corporation (Japan)
15. Toyo Tire & Rubber Co., Ltd. (Japan)
๐๐๐ญ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐๐ง ๐๐ก๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ @ https://www.maximizemarketresearch.com/market-report/global-tires-market/112589/ ๏ปฟ๏ปฟ๏ปฟ๏ปฟ๏ปฟ
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Tires Market Size and Competitive Landscape
Tires Market Size, Share, Size & Forecast by different segment
Tires Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Tires Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Tires 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
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐จ๐ฎ๐ซ ๐ญ๐จ๐ฉ-๐ฉ๐๐ซ๐๐จ๐ซ๐ฆ๐ข๐ง๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐ญ๐ซ๐๐ง๐๐ฌ:
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