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Rubber Tire Market to Surpass USD 201.35 Billion by 2030 with Robust Growth

Rubber Tire Market

Rubber Tire Market

๐‘๐ฎ๐›๐›๐ž๐ซ ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ญ๐จ ๐†๐ซ๐จ๐ฐ ๐š๐ญ ๐š ๐‚๐€๐†๐‘ ๐จ๐Ÿ ๐Ÿ‘.๐Ÿ–%: ๐Š๐ž๐ฒ ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐†๐ฅ๐จ๐›๐š๐ฅ ๐“๐ข๐ซ๐ž ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

The global rubber tire market is poised for significant growth, with advancements in tire technology, increasing demand from the automotive and transportation sectors, and an expanding focus on sustainability. According to a recent report by Maximize Market Research, the global rubber tire market was valued at USD 155.08 billion in 2023 and is expected to reach USD 201.35 billion by 2030, growing at a robust compound annual growth rate (CAGR) of 3.8% during the forecast period.

๐†๐ž๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/128465/

๐Š๐ž๐ฒ ๐…๐š๐œ๐ญ๐จ๐ซ๐ฌ ๐‚๐จ๐ง๐ญ๐ซ๐ข๐›๐ฎ๐ญ๐ข๐ง๐  ๐ญ๐จ 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‘ฐ๐’๐’„๐’“๐’†๐’‚๐’”๐’†๐’… ๐‘ฝ๐’†๐’‰๐’Š๐’„๐’๐’† ๐‘ท๐’“๐’๐’…๐’–๐’„๐’•๐’Š๐’๐’: A significant rise in vehicle production globally, especially in emerging economies, is driving tire demand.
๐‘ป๐’†๐’„๐’‰๐’๐’๐’๐’๐’ˆ๐’Š๐’„๐’‚๐’ ๐‘จ๐’…๐’—๐’‚๐’๐’„๐’†๐’Ž๐’†๐’๐’•๐’”:Manufacturers are focusing on developing tires that offer improved fuel efficiency, safety features, and longer service life.
๐‘ฌ๐’„๐’-๐‘ญ๐’“๐’Š๐’†๐’๐’…๐’๐’š ๐‘ป๐’Š๐’“๐’†๐’”: Rising environmental concerns have spurred the development of tires made from sustainable materials, which are gaining traction across the globe.
๐„-๐‚๐จ๐ฆ๐ฆ๐ž๐ซ๐œ๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก:The online retail sector for tires has expanded significantly, contributing to the market's overall growth, especially in North America and Europe.

๐‘๐ž๐œ๐ž๐ง๐ญ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง๐ฌ ๐š๐ง๐ ๐ˆ๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐‘๐ฎ๐›๐›๐ž๐ซ ๐“๐ข๐ซ๐ž ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

Several mergers and acquisitions have been taking place in the rubber tire sector, with companies expanding their global presence and improving their technological capabilities. For instance, in 2023, ๐Œ๐ข๐œ๐ก๐ž๐ฅ๐ข๐ง announced its acquisition of ๐‹๐ž๐ก๐ข๐ ๐ก ๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐ž๐ฌ, a leader in sustainable rubber technology, aiming to enhance its green tire development. Similarly, ๐๐ซ๐ข๐๐ ๐ž๐ฌ๐ญ๐จ๐ง๐ž recently partnered with ๐๐ข๐ซ๐ž๐ฅ๐ฅ๐ข to jointly develop tires made from renewable resources, signaling a shift toward more sustainable practices in tire manufacturing.

These strategic acquisitions and partnerships are expected to drive innovation and improve the market position of leading tire manufacturers worldwide.

๐ˆ๐ง๐ญ๐ซ๐ข๐ ๐ฎ๐ž๐ ๐ญ๐จ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐ญ๐ก๐ž ๐œ๐จ๐ง๐ญ๐ž๐ง๐ญ๐ฌ? ๐’๐ž๐œ๐ฎ๐ซ๐ž ๐ฒ๐จ๐ฎ๐ซ ๐ก๐š๐ง๐๐ฌ-๐จ๐ง ๐ฌ๐š๐ฆ๐ฉ๐ฅ๐ž ๐œ๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ: 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ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

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Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam is becoming a critical hub for rubber tire production, with significant growth expected over the next few years. The country's increasing vehicle production, coupled with its strategic location in Southeast Asia, is making it an attractive market for global tire manufacturers. The automotive industry in Vietnam has been expanding rapidly, particularly in the electric vehicle (EV) sector, leading to an increased demand for high-quality tires.

Key Companies such as ๐†๐จ๐จ๐๐ฒ๐ž๐š๐ซ and ๐Œ๐ข๐œ๐ก๐ž๐ฅ๐ข๐ง have been focusing on expanding their manufacturing bases in Vietnam. Moreover, local tire manufacturers are increasing production capacities to cater to the growing demand from both domestic and export markets.

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š๐ง๐ 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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š๐ง๐ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐“๐ข๐ซ๐ž ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand, one of the largest producers of natural rubber globally, is a key player in the rubber tire market. The tire manufacturing industry is witnessing a trend of consolidation, with major global brands such as ๐๐ซ๐ข๐๐ ๐ž๐ฌ๐ญ๐จ๐ง๐ž and ๐‚๐จ๐ง๐ญ๐ข๐ง๐ž๐ง๐ญ๐š๐ฅ strengthening their presence in the region. Thailand's robust automotive sector, which includes several manufacturing plants for leading automotive brands, is driving the growth of the tire market.

The government's support for green technology, coupled with the increasing demand for electric vehicles (EVs), is further boosting the demand for energy-efficient and eco-friendly tires. Additionally, innovations in tire production, such as the development of tires using sustainable materials, are gaining traction in the Thai market.

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ž๐ฌ ๐š๐ง๐ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง:

๐‘น๐’–๐’ƒ๐’ƒ๐’†๐’“ ๐‘ป๐’Š๐’“๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ฎ๐’“๐’๐’˜๐’•๐’‰ ๐’‚๐’๐’… ๐‘ป๐’†๐’„๐’‰๐’๐’๐’๐’๐’ˆ๐’Š๐’„๐’‚๐’ ๐‘จ๐’…๐’—๐’‚๐’๐’„๐’†๐’Ž๐’†๐’๐’•๐’” ๐’Š๐’ ๐‘ฑ๐’‚๐’‘๐’‚๐’

Japan has long been a major player in the global tire market, driven by advanced manufacturing technologies and a well-established automotive industry. The country is experiencing significant growth in the rubber tire sector, especially with innovations in smart tires and energy-efficient technologies. Manufacturers such as ๐๐ซ๐ข๐๐ ๐ž๐ฌ๐ญ๐จ๐ง๐ž and ๐’€๐’๐’Œ๐’๐’‰๐’‚๐’Ž๐’‚ are leading the way in developing high-performance tires for both conventional and electric vehicles.

The Japanese market is also witnessing a growing demand for eco-friendly and durable tires, thanks to the country's stringent environmental regulations. The trend of using sustainable materials in tire manufacturing, such as natural rubber and recycled components, is becoming increasingly popular in Japan.

๐‘๐ฎ๐›๐›๐ž๐ซ ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐š๐ง๐ 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‘น๐’–๐’ƒ๐’ƒ๐’†๐’“ ๐‘ป๐’Š๐’“๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’” ๐’Š๐’ ๐‘บ๐’๐’–๐’•๐’‰ ๐‘ฒ๐’๐’“๐’†๐’‚

South Korea's rubber tire industry is witnessing rapid growth, fueled by advancements in tire technology and increased demand for electric vehicle tires. Companies like ๐‡๐š๐ง๐ค๐จ๐จ๐ค ๐“๐ข๐ซ๐ž and ๐Š๐ฎ๐ฆ๐ก๐จ ๐“๐ข๐ซ๐ž are at the forefront of tire innovation, with a focus on smart tire technology, which enhances vehicle safety and performance. South Korea is also investing heavily in the production of eco-friendly tires, with a rising emphasis on reducing CO2 emissions through tire optimization.

Consolidation in the tire industry is notable, with leading players expanding their manufacturing capabilities and entering strategic partnerships to strengthen their position in the competitive market.

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š๐ง๐ ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž:

๐‘น๐’–๐’ƒ๐’ƒ๐’†๐’“ ๐‘ป๐’Š๐’“๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ผ๐’‘๐’…๐’‚๐’•๐’Š๐’๐’ ๐’Š๐’ ๐‘บ๐’Š๐’๐’ˆ๐’‚๐’‘๐’๐’“๐’†

Singapore serves as a key logistics and manufacturing hub for the Asia-Pacific region. The rubber tire market in Singapore is experiencing growth due to the country's well-established automotive sector and its reputation for adopting cutting-edge technologies. The increasing demand for high-quality and eco-friendly tires is driving innovation in tire manufacturing. ๐†๐จ๐จ๐๐ฒ๐ž๐š๐ซ and ๐Œ๐ข๐œ๐ก๐ž๐ฅ๐ข๐ง have recently launched new tire models in Singapore, focusing on performance, durability, and fuel efficiency.

The Singapore government's initiatives to promote sustainable practices within the automotive industry are also contributing to the growing demand for environmentally friendly tire solutions.

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š๐ง๐ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐”๐ง๐ข๐ญ๐ž๐ ๐’๐ญ๐š๐ญ๐ž๐ฌ:

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š๐ง๐ ๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐”.๐’.

The U.S. remains one of the largest markets for rubber tires globally, driven by the demand for both passenger and commercial vehicle tires. The growing adoption of electric vehicles (EVs) in the U.S. is creating a new avenue for tire manufacturers to innovate and create tires optimized for EV performance. Additionally, advancements in smart tires, which provide real-time data to enhance vehicle performance and safety, are becoming increasingly popular in the U.S. market.

The U.S. tire market is also seeing consolidation, with major players like ๐Œ๐ข๐œ๐ก๐ž๐ฅ๐ข๐ง, ๐†๐จ๐จ๐๐ฒ๐ž๐š๐ซ, and ๐๐ซ๐ข๐๐ ๐ž๐ฌ๐ญ๐จ๐ง๐ž acquiring smaller regional manufacturers to strengthen their position and expand their technological capabilities.

๐‘๐ฎ๐›๐›๐ž๐ซ ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐š๐ง๐ ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž:

๐‘น๐’–๐’ƒ๐’ƒ๐’†๐’“ ๐‘ป๐’Š๐’“๐’† ๐‘ด๐’‚๐’“๐’Œ๐’†๐’• ๐‘ถ๐’‘๐’‘๐’๐’“๐’•๐’–๐’๐’Š๐’•๐’Š๐’†๐’” ๐’Š๐’ ๐’•๐’‰๐’† ๐‘ฌ๐’–๐’“๐’๐’‘๐’†๐’‚๐’

Europe is witnessing significant growth in the rubber tire market, driven by increasing demand for eco-friendly and energy-efficient tires. The European Union's regulations on carbon emissions have prompted tire manufacturers to innovate and produce tires that help reduce the environmental impact of vehicles. Leading tire manufacturers such as ๐‚๐จ๐ง๐ญ๐ข๐ง๐ž๐ง๐ญ๐š๐ฅ and ๐๐ข๐ซ๐ž๐ฅ๐ฅ๐ข are investing in sustainable tire production techniques and focusing on enhancing tire durability and fuel efficiency.

In addition, the growing popularity of electric vehicles in Europe is generating demand for specialized tires that cater to the unique requirements of EVs, including low rolling resistance tires for better energy efficiency.

๐…๐จ๐ซ ๐š๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ข๐ฌ ๐ฌ๐ญ๐ฎ๐๐ฒ, ๐ฉ๐ฅ๐ž๐š๐ฌ๐ž ๐ซ๐ž๐Ÿ๐ž๐ซ ๐ญ๐จ: 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ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:

๐›๐ฒ ๐‘๐ข๐ฆ ๐’๐ข๐ณ๐ž

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

๐›๐ฒ ๐“๐ข๐ซ๐ž ๐“๐ฒ๐ฉ๐ž

Radial
Bias
Solid

๐›๐ฒ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž ๐“๐ฒ๐ฉ๐ž

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

In 2023, the market share of passenger vehicles was the largest by vehicle type. 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ˆ๐ง๐ญ๐ž๐ซ๐ž๐ฌ๐ญ๐ž๐ ๐ข๐ง ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ญ๐ซ๐ž๐ง๐๐ฌ? ๐ƒ๐จ๐ง'๐ญ ๐ฆ๐ข๐ฌ๐ฌ ๐ญ๐ก๐ž ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐ฌ๐ฎ๐ฆ๐ฆ๐š๐ซ๐ฒ ๐Ÿ๐จ๐ซ ๐ฏ๐š๐ฅ๐ฎ๐š๐›๐ฅ๐ž ๐ข๐ง๐Ÿ๐จ๐ซ๐ฆ๐š๐ญ๐ข๐จ๐ง: https://www.maximizemarketresearch.com/market-report/rubber-tire-market/128465/

๐‘๐ฎ๐›๐›๐ž๐ซ ๐“๐ข๐ซ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐‹๐š๐ง๐๐ฌ๐œ๐š๐ฉ๐ž:

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œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐ก๐ž ๐ฉ๐ฎ๐ฅ๐ฌ๐ž ๐จ๐Ÿ ๐ข๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง ๐›๐ฒ ๐ฉ๐ž๐ซ๐ฎ๐ฌ๐ข๐ง๐  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'๐ฌ ๐ฅ๐š๐ญ๐ž๐ฌ๐ญ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ซ๐ž๐ฅ๐ž๐š๐ฌ๐ž๐ฌ:

Enhanced Oil Recovery Market https://www.maximizemarketresearch.com/market-report/enhanced-oil-recovery-market/11401/

Small Wind Market https://www.maximizemarketresearch.com/market-report/global-small-wind-market/30550/

Global Wind Tower Market https://www.maximizemarketresearch.com/market-report/global-wind-tower-market/30127/

Global Utility Asset Management Market https://www.maximizemarketresearch.com/market-report/global-utility-asset-management-market/1138/

Global Atmospheric Water Generator Market https://www.maximizemarketresearch.com/market-report/global-atmospheric-water-generator-market/30618/

Telecom Tower Market https://www.maximizemarketresearch.com/market-report/global-telecom-tower-market/70701/

Global Buildingintegrated Photovoltaics Market https://www.maximizemarketresearch.com/market-report/global-building-integrated-photovoltaics-market/44349/

Solar Panel Market https://www.maximizemarketresearch.com/market-report/solar-panel-market/188556/

Fusion Energy Market https://www.maximizemarketresearch.com/market-report/fusion-energy-market/183962/

Smart Mining Market https://www.maximizemarketresearch.com/market-report/smart-mining-market/11594/

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ

MAXIMIZE MARKET RESEARCH PVT. LTD.
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sales@maximizemarketresearch.com

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