Press release
Tires Market Projected Touch Approximately USD 176.15 Bn by 2030 .
Tires Market
๐๐ข๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ:
The global tires market is a dynamic and rapidly evolving industry driven by advancements in vehicle technology, rising demand for personal and commercial vehicles, and increasing awareness of sustainable mobility solutions. Tires are a critical component of automotive performance, safety, and efficiency, influencing factors such as fuel economy and road grip. With innovations in material science and manufacturing processes, tire manufacturers are focusing on producing high-performance, durable, and eco-friendly products to cater to diverse consumer needs and regulatory demands.
๐๐๐ง๐ญ ๐ญ๐จ ๐๐๐ ๐ญ๐ก๐ ๐๐ซ๐๐ง๐๐ฌ? ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ : https://www.maximizemarketresearch.com/request-sample/112589/
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ :
The growth of the tires market is fueled by several factors, including the expansion of the automotive sector, increasing disposable incomes, and the global push toward electric vehicles (EVs). Rising urbanization and industrialization are driving the demand for commercial vehicles, which in turn boosts tire sales. Additionally, innovations such as low rolling resistance and smart tires are gaining traction, offering enhanced efficiency and connectivity. Government regulations promoting fuel-efficient and environmentally friendly vehicles further contribute to the market's upward trajectory.
๐๐ข๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
Key trends shaping the tires market include the rise of sustainable tire production methods, integration of Internet of Things (IoT) technology, and the growing popularity of electric and autonomous vehicles. Manufacturers are increasingly adopting recycled and renewable materials to align with environmental goals. Smart tires equipped with sensors for real-time performance monitoring are also gaining momentum, offering benefits such as predictive maintenance and enhanced safety. Furthermore, the demand for customized and high-performance tires continues to grow, reflecting changing consumer preferences and technological advancements.
๐๐ก๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐๐ญ๐๐ค๐๐ก๐จ๐ฅ๐๐๐ซ๐ฌ ๐๐๐ง ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ : https://www.maximizemarketresearch.com/inquiry-before-buying/112589/
๐๐๐ฒ ๐๐๐ ๐ข๐จ๐ง๐ฌ
1. ๐๐ฑ๐ฉ๐๐ง๐๐ข๐ง๐ ๐๐จ๐ซ๐ข๐ณ๐จ๐ง๐ฌ: ๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐๐๐ฒ ๐๐๐ ๐ข๐จ๐ง๐ฌ
๐๐ข๐๐ญ๐ง๐๐ฆ: Leading tire manufacturer Sailun Group Co. Ltd. recently announced a joint venture with a domestic player to expand production capacity and meet global demand.
๐๐ก๐๐ข๐ฅ๐๐ง๐: Bridgestone Corporation has bolstered its operations in Thailand through the acquisition of local manufacturing facilities to strengthen its position in the Southeast Asian market.
๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐: In an innovative move, Michelin Group has partnered with a Singapore-based recycling company to integrate sustainable practices into tire production.
๐๐๐ฉ๐๐ง: Sumitomo Rubber Industries recently acquired advanced technologies from a domestic competitor to enhance tire performance and durability.
๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐: Hankook Tire & Technology has invested heavily in partnerships with international firms to boost exports and solidify its market share in Europe and the Americas.
๐๐ฎ๐ซ๐จ๐ฉ๐๐๐ง ๐๐จ๐ฎ๐ง๐ญ๐ซ๐ข๐๐ฌ: A notable merger between Continental AG and a Polish tire manufacturer has opened new markets across Central and Eastern Europe.
๐๐๐: Goodyear Tire & Rubber Company finalized its acquisition of Cooper Tire & Rubber Company, creating a powerhouse in the global tires market.
2. ๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ ๐๐ซ๐ข๐ฏ๐ข๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก
๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง๐ฌ: The integration of AI and IoT in tire manufacturing has set a new standard for performance and safety, led by companies like ๐๐ข๐ซ๐๐ฅ๐ฅ๐ข & ๐. ๐.๐ฉ.๐. ๐๐ง๐ ๐๐ข๐๐ก๐๐ฅ๐ข๐ง ๐๐ซ๐จ๐ฎ๐ฉ.
๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐ง๐ข๐ญ๐ข๐๐ญ๐ข๐ฏ๐๐ฌ: A surge in eco-friendly tire production, including biodegradable materials, is spearheaded by ๐๐ซ๐ข๐๐ ๐๐ฌ๐ญ๐จ๐ง๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ ๐๐จ๐ง๐ญ๐ข๐ง๐๐ง๐ญ๐๐ฅ ๐๐.
๐๐ฅ๐๐๐ญ๐ซ๐ข๐๐ข๐๐๐ญ๐ข๐จ๐ง ๐๐ซ๐๐ง๐๐ฌ:Tires designed specifically for electric vehicles (EVs) are gaining traction, with ๐๐๐ง๐ค๐จ๐จ๐คlaunching a revolutionary EV tire series.
๐๐ฅ๐จ๐๐๐ฅ ๐๐จ๐ฅ๐ฅ๐๐๐จ๐ซ๐๐ญ๐ข๐จ๐ง๐ฌ: Partnerships between Yokohama Rubber Co. and tech firms are fostering advanced manufacturing solutions.
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐ ๐ฎ๐ฅ๐ฅ ๐๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ @https://www.maximizemarketresearch.com/request-sample/112589/
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
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)
16. Sumitomo Corporation (Japan)
17. Yokohama Tire Corporation (Japan)
18. Giti Tire Pte. Ltd (Singapore)
19. Cheng Shin Rubber Ind. Co. Ltd (Taiwan)
20. Maxxis International (Taiwan)
๐ ๐จ๐ซ ๐ฆ๐จ๐ซ๐ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ฏ๐ข๐ฌ๐ข๐ญ:https://www.maximizemarketresearch.com/market-report/global-tires-market/112589/
๐๐๐ฒ ๐๐๐๐๐ซ๐ข๐ง๐ ๐ฌ:
Past Market Size and Competitive Landscape
Tires Market Size, Share, Size & Forecast by different segment
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 - 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 ๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก :
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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