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Rubber Tire Market Set for Steady Growth, Expected to Reach USD 201.35 Billion by 2030

12-10-2024 02:14 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MAXIMIZE MARKET RESEARCH PVT. LTD

Rubber Tire Market

Rubber Tire Market

Rubber Tire Market size was valued at USD 155.08 Bn. in 2023 and the total Rubber Tire revenue is expected to grow by 3.8 % from 2024 to 2030, reaching nearly USD 201.35 Bn.

๐‘๐ฎ๐›๐›๐ž๐ซ ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Rubber Tire Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Rubber Tire market by thorough analysis, and projections are made up to 2030.

๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:https://www.maximizemarketresearch.com/request-sample/128465/

๐‘๐ฎ๐›๐›๐ž๐ซ ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ - ๐„๐ฆ๐ž๐ซ๐ ๐ข๐ง๐  ๐๐จ๐ฐ๐ž๐ซ๐ก๐จ๐ฎ๐ฌ๐ž

Vietnam is rapidly emerging as a key player in the global rubber tire market. The country's tire production has been increasing, driven by both local demand and export opportunities. The Vietnamese government's supportive policies to encourage industrial growth, combined with a rising automotive industry, has positioned Vietnam as a major hub for rubber tire production in Southeast Asia.

The local tire manufacturing landscape is benefiting from increased foreign direct investments (FDI) in infrastructure and automotive sectors, especially from ๐Œ๐ข๐œ๐ก๐ž๐ฅ๐ข๐ง and ๐๐ซ๐ข๐๐ ๐ž๐ฌ๐ญ๐จ๐ง๐ž, both of which have established operations in Vietnam.

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐ - ๐“๐ข๐ซ๐ž ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐  ๐„๐ฑ๐œ๐ž๐ฅ๐ฅ๐ž๐ง๐œ๐ž

Thailand remains a significant hub for tire manufacturing in Southeast Asia. It is home to major global tire manufacturers, including ๐‘ฎ๐’๐’๐’…๐’š๐’†๐’‚๐’“, ๐‘ด๐’Š๐’„๐’‰๐’†๐’๐’Š๐’, and ๐‘ช๐’๐’๐’•๐’Š๐’๐’†๐’๐’•๐’‚๐’, who have made significant investments in the region. Thailand is the world's largest exporter of rubber, and this offers a unique advantage for the rubber tire industry as a raw material source.

๐‘๐ฎ๐›๐›๐ž๐ซ ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง - ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐’๐ฎ๐ฌ๐ญ๐š๐ข๐ง๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ

Japan is one of the largest markets for rubber tires in the world, driven by both its automotive industry and consumer demand. Companies like ๐‘ฉ๐’“๐’Š๐’…๐’ˆ๐’†๐’”๐’•๐’๐’๐’† and ๐‘ป๐’๐’š๐’ ๐‘ป๐’Š๐’“๐’†๐’” lead the way in tire innovations, focusing on advanced technology to enhance tire performance and fuel efficiency.

๐‘๐ฎ๐›๐›๐ž๐ซ ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š - ๐Œ&๐€ ๐€๐œ๐ญ๐ข๐ฏ๐ข๐ญ๐ฒ

South Korea's rubber tire market is witnessing significant consolidation, particularly with the rise of mergers and acquisitions among major tire companies. ๐‘ฏ๐’‚๐’๐’Œ๐’๐’๐’Œ ๐‘ป๐’Š๐’“๐’† and ๐‘ฒ๐’–๐’Ž๐’‰๐’ ๐‘ป๐’Š๐’“๐’†, two of South Korea's leading tire manufacturers, have been aggressively pursuing strategic partnerships to strengthen their positions globally.

๐‘๐ฎ๐›๐›๐ž๐ซ ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž - ๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐œ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

Singapore's strategic location as a global trading hub plays a pivotal role in the rubber tire industry. With the presence of regional offices of major tire manufacturers and tire distributors, Singapore is an important logistics and distribution center for the Asia-Pacific region.

๐‘๐ฎ๐›๐›๐ž๐ซ ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ž ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ - ๐„๐ฑ๐ฉ๐š๐ง๐๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ƒ๐ž๐ฆ๐š๐ง๐

The United States is one of the largest markets for rubber tires globally, with a booming automotive sector and strong demand for replacement tires. With increasing demand from the electric vehicle (EV) sector and growth in automotive aftermarket services, the rubber tire market in the U.S. continues to thrive.

๐‘๐ฎ๐›๐›๐ž๐ซ ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž - ๐“๐ซ๐ž๐ง๐๐ฌ ๐š๐ง๐ ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง

Europe is a significant market for the rubber tire industry, driven by technological advancements, increasing environmental regulations, and strong automotive manufacturing bases. The demand for eco-friendly, energy-efficient tires is rising in the European Union, particularly due to stricter regulations on carbon emissions.

๐”๐ง๐ฅ๐จ๐œ๐ค ๐ˆ๐ง-๐ƒ๐ž๐ฉ๐ญ๐ก ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ! ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ฐ๐ข๐ญ๐ก ๐‰๐ฎ๐ฌ๐ญ ๐Ž๐ง๐ž ๐‚๐ฅ๐ข๐œ๐ค:https://www.maximizemarketresearch.com/request-sample/128465/

๐‘๐ฎ๐›๐›๐ž๐ซ ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

๐’ƒ๐’š ๐‘น๐’Š๐’Ž ๐‘บ๐’Š๐’›๐’†

22''-25''
29''-49''
51''-63''

๐’ƒ๐’š ๐‘ป๐’Š๐’“๐’† ๐‘ป๐’š๐’‘๐’†

Radial
Bias
Solid

๐’ƒ๐’š ๐‘ฝ๐’†๐’‰๐’Š๐’„๐’๐’† ๐‘ป๐’š๐’‘๐’†

Passenger Vehicle
Light Commercial Vehicle
Truck & Bus
Construction & Mining Vehicles
Agricultural Tractors
Industrial Vehicle
Motorcycle & Scooters

In 2023, the biggest market share was held by passenger vehicles. Tires for passenger cars are made of rubber because it is elastic, long-lasting, and wear-resistant. Additionally, rubber tires require less force to overcome friction than steel tires since they have a lower coefficient of friction with the road. Due to the growing purchasing power of society and the resulting increased demand for automobiles, passenger and commercial vehicles are expected to play important roles.

๐ƒ๐ข๐ฏ๐ž ๐ƒ๐ž๐ž๐ฉ๐ž๐ซ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ž ๐ƒ๐š๐ญ๐š! ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐…๐ฎ๐ฅ๐ฅ ๐’๐ญ๐ฎ๐๐ฒ ๐จ๐ง ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฉ๐š๐ ๐ž ๐๐จ๐ฐ:https://www.maximizemarketresearch.com/contact-us/

๐‘๐ฎ๐›๐›๐ž๐ซ ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

1.Apollo Tyres Ltd
2. Bridgestone Corporation
3. CEAT Limited
4. Continental AG
5. Hankook & Company Co., Ltd.
6. JK Tyre & INDUSTRIES LTD.
7. Michelin
8. MRF Limited
9. Nokian Tyres PLC
10. Pirelli & C. S.p.A
11. Sailun Group Co., Ltd.
12. Salsons Impex Pvt. Ltd
13. Shandong Linglong Group Co. Ltd.
14. Sumitomo Rubber Industries, Ltd.
15. The Goodyear Tire & Rubber Company
16. The Yokohama Rubber Co., Ltd.
17. Triangle Tire Co., Ltd.,
18. Toyo Tire Corporation
19. Wanli Tire Co., Ltd.
20. Zhongce Rubber Group Co., Ltd.

๐†๐จ๐ญ ๐๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง๐ฌ? ๐‘๐ž๐š๐œ๐ก ๐Ž๐ฎ๐ญ ๐๐จ๐ฐ ๐Ÿ๐จ๐ซ ๐„๐ฑ๐ฉ๐ž๐ซ๐ญ ๐ˆ๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐š๐ง๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐œ๐จ๐ฉ๐ž ๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐š๐ญ๐ข๐จ๐ง:https://www.maximizemarketresearch.com/request-sample/128465/

๐…๐จ๐ซ ๐š๐ง ๐ข๐ง-๐๐ž๐ฉ๐ญ๐ก ๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ, ๐œ๐ฅ๐ข๐œ๐ค ๐ญ๐ก๐ž ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐ž๐ ๐ฅ๐ข๐ง๐ค:https://www.maximizemarketresearch.com/market-report/rubber-tire-market/128465/

๐„๐ฅ๐ž๐ฏ๐š๐ญ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ค๐ง๐จ๐ฐ๐ฅ๐ž๐๐ ๐ž ๐›๐š๐ฌ๐ž ๐ฐ๐ข๐ญ๐ก ๐ญ๐ก๐ž ๐ฆ๐จ๐ฌ๐ญ ๐ซ๐ž๐œ๐ž๐ง๐ญ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ญ๐ซ๐ž๐ง๐๐ฌ ๐œ๐ฎ๐ซ๐š๐ญ๐ž๐ ๐›๐ฒ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Indian Paper & Pulp Market https://www.maximizemarketresearch.com/market-report/indian-paper-pulp-market/29044/

Wet Wipes Canister Market https://www.maximizemarketresearch.com/market-report/wet-wipes-canister-market/122981/

US Electric Vehicle Market https://www.maximizemarketresearch.com/market-report/us-electric-vehicle-market/63467/

Indian Food and Beverages Market https://www.maximizemarketresearch.com/market-report/indian-food-and-beverages-market/29426/

Toothbrush Market https://www.maximizemarketresearch.com/market-report/toothbrush-market/147872/

Indian FMCG Market https://www.maximizemarketresearch.com/market-report/indian-fast-moving-consumer-goods-fmcg-market/29038/

Global Candle Market https://www.maximizemarketresearch.com/market-report/global-candle-market-2/42231/

Rubber Tire Market https://www.maximizemarketresearch.com/market-report/rubber-tire-market/128465/

Indian Women's Wear Market https://www.maximizemarketresearch.com/market-report/indian-womens-wear-market/22036/

Dry Mix Mortar Market https://www.maximizemarketresearch.com/market-report/dry-mix-mortar-market/215703/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

sales@maximizemarketresearch.com

+91 96071 95908, +91 9607365656

๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ฑ๐ข๐ฆ๐ข๐ณ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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The Welding Electrode Market size was valued at USD 5.70 Billion in 2024 and the total Welding Electrode revenue is expected to grow at a CAGR of 8.9 % from 2025 to 2032, reaching nearly USD 11.27 Billion. Welding Electrode Market Overview: The Welding Electrode Market is evolving as a critical segment within the global manufacturing and construction industries. Welding electrodes are essential consumables that enable reliable and efficient joining ofโ€ฆ

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More Releases for Tire

11-11-2022 | Advertising, Media Consulting, โ€ฆ
AMA Research & Media LLP
Tire Derived Fuel Market to See Booming Growth | Reliable Tire Disposal, Liberty โ€ฆ
Latest released the research study on Global Tire Derived Fuel Market, offers a detailed overview of the factors influencing the global business scope. Tire Derived Fuel Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Tire Derived Fuel The study covers emerging player'sโ€ฆ
10-28-2022 | Advertising, Media Consulting, โ€ฆ
AMA Research & Media LLP
Airplane Tire Market to See Huge Growth by 2027 | Qingdao Sentury Tire, Goodyear โ€ฆ
The latest study released on the Global Airplane Tire Market by AMA Research evaluates market size, trend, and forecast to 2027. The Airplane Tire market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors. Key Players inโ€ฆ
07-24-2019 | Business, Economy, Finances, B โ€ฆ
Orian Research
Tire Recycling Market: How the Business Will Grow in 2025? Prominent Players: Mi โ€ฆ
Tire Recycling Industry 2019 report provides concentrated and in-depth analysis of the existing situation of the Global Tire Recycling market, along with market share, revenue, assertive perception and forecast 2025.the report also provides current Tire Recycling business situation along with a valid assessment of the Tire Recycling business. Tire Recycling report is partitioned based on driving Tire Recycling players, application and regions. Tire recycling, or rubber recycling, is the process ofโ€ฆ
01-29-2019 | Industry, Real Estate & Constr โ€ฆ
Up Market Research (UMR)
Vacuum Tire Market Scenario Highlighting Major Drivers & Trends, 2019 โ€“ 2025 | โ€ฆ
Vacuum Tire Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation andโ€ฆ
11-28-2018 | Business, Economy, Finances, B โ€ฆ
MRRSE
Tire derived Fuel Market | Top Key Players: Ragn-Sells Group, Liberty Tire Whole โ€ฆ
Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled โ€œTire derived Fuel Market โ€“ Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 โ€“ 2026โ€ offers a detailed analysis of the market providing insights into the market dynamics that are expected to influence the overall market positively in the next few years.โ€ฆ
11-22-2018 | Business, Economy, Finances, B โ€ฆ
Market Research Hub
Global Tire derived Fuel Market Research Report 2018-2025 | Global Key -Liberty โ€ฆ
Looking at the current trends across the Tire derived Fuel market, a new study has been included to the wide database of Market Research Hub (MRH). The assessment is titled "Global Tire derived Fuel Market Insights, Forecast to 2025", which discourses the various market impacting factors like drivers, restraints and opportunities. Moreover, readers are informed about the competitive landscape which enlightens about the different players operating in the Tire derivedโ€ฆ