openPR Logo
Press release

Retail Logistics Market Forecast to Expand at 12.2% CAGR, Rising from USD 348 Billion in 2025 to USD 780 Billion by 2032 | Persistence Market Research

Retail Logistics Market

Retail Logistics Market

The global automotive tire market has been witnessing significant transformation as the industry adapts to evolving mobility needs, advanced vehicle technologies, and stricter sustainability standards. According to Persistence Market Research, the automotive tire market was valued at USD 140.1 billion in 2024 and is projected to reach USD 186.5 billion by the end of 2031. This growth is expected to occur at a steady CAGR of 4.2% during the forecast period. The rising demand for passenger and commercial vehicles, coupled with the increasing adoption of electric and hybrid models, is creating fresh growth avenues for tire manufacturers worldwide.

One of the primary drivers of this market is the increasing consumer preference for high-performance, durable, and fuel-efficient tires. Radial tires dominate the market owing to their superior longevity and performance benefits, especially in passenger vehicles. Asia Pacific is emerging as the leading geographical region in the automotive tire market, largely due to booming automotive production in China and India, coupled with rising disposable incomes and rapid urbanization. This region's dominance is supported by its large consumer base and rapidly expanding logistics sector.

Explore a wide range of in-depth market insights and detailed reports available on our website for further information and analysis: https://www.persistencemarketresearch.com/market-research/retail-logistics-market.asp

Key Highlights from the Report

➤The automotive tire market is set to grow from USD 140.1 billion in 2024 to USD 186.5 billion by 2031.
➤The industry is anticipated to expand at a CAGR of 4.2% during the forecast period of 2024-2031.
➤Passenger car tires remain the leading segment, driven by increasing global vehicle ownership.
➤Asia Pacific is projected to hold the largest share, supported by strong automotive manufacturing hubs.
➤Technological advancements in tire materials and smart tire solutions are reshaping industry dynamics.
➤Sustainability and eco-friendly tire innovations are becoming key focus areas for manufacturers.

Market Segmentation

The automotive tire market is segmented based on product type, vehicle type, and sales channel. Among product categories, radial tires have captured the largest market share owing to their superior durability, enhanced traction, and higher fuel efficiency. Bias tires continue to serve specific niches, particularly in heavy-duty and off-road applications, but the shift toward radial technology is undeniable. In addition, the premium tire segment is gaining traction due to increasing demand for luxury vehicles and consumers' willingness to pay for advanced tire performance.

On the basis of vehicle type, passenger cars dominate the market, fueled by rising middle-class populations and expanding urban mobility needs across the globe. Commercial vehicle tires also account for significant demand, especially with the growth of e-commerce logistics and freight transport. In terms of sales channels, the aftermarket remains a critical revenue driver due to regular tire replacement cycles, while OEMs (Original Equipment Manufacturers) continue to invest in specialized tire partnerships to ensure compatibility with advanced vehicle designs.

Regional Insights

The Asia Pacific region leads the automotive tire market, attributed to its robust automotive production ecosystem, expanding middle-class population, and surging urbanization. Countries like China, India, Japan, and South Korea act as major growth centers, with strong government support for infrastructure and vehicle electrification. The region is also witnessing growing demand for replacement tires, further enhancing market revenues.

Europe and North America also hold substantial shares in the global market, largely driven by the adoption of advanced tire technologies and stringent safety regulations. Europe is emphasizing sustainable and eco-friendly tire designs to align with carbon reduction targets, while North America benefits from the high penetration of SUVs and light trucks, which require premium tire solutions.

Market Drivers

The growing demand for passenger cars and commercial vehicles worldwide stands as one of the strongest drivers for the automotive tire market. Rising disposable incomes and rapid urbanization, especially in developing economies, are fueling higher vehicle ownership and, consequently, increased tire consumption. Technological innovation is another key driver, with advancements such as run-flat tires, smart tire sensors, and eco-friendly materials reshaping customer expectations and industry standards. Additionally, the boom in the electric vehicle (EV) sector is creating new opportunities for specialized tires designed for efficiency and reduced rolling resistance.

Market Restraints

Despite steady growth prospects, the market faces challenges that could limit its expansion. Fluctuations in raw material prices, particularly natural rubber and synthetic alternatives, significantly impact manufacturers' margins. The rising adoption of retreaded tires, particularly in commercial applications, is also limiting new tire sales in some regions. Moreover, stringent environmental regulations pose compliance challenges, requiring significant R&D investments to produce eco-friendly alternatives without compromising on performance. These restraints may slow growth momentum in certain regions and segments.

Get a Sample Copy of Research Report (Use Corporate Mail id for Quick Response): https://www.persistencemarketresearch.com/samples/35193

Market Opportunities

Emerging trends are creating fresh opportunities in the automotive tire market. Increasing consumer awareness of sustainability is pushing manufacturers toward eco-friendly tire innovations, including recyclable and bio-based materials. The rise of autonomous and connected vehicles presents opportunities for smart tire technologies with embedded sensors that provide real-time data on tire performance and safety. Furthermore, the expanding e-commerce industry worldwide is accelerating demand for light commercial vehicle tires, particularly in urban delivery fleets. Together, these factors create a dynamic environment ripe for innovation and long-term growth.

Reasons to Buy the Report

➤Gain detailed insights into the global automotive tire market with reliable forecasts through 2031.
➤Understand growth drivers, restraints, and emerging opportunities shaping the industry landscape.
➤Access in-depth market segmentation across product type, vehicle category, and regional trends.
➤Evaluate the competitive landscape with profiles of leading industry players and their strategies.
➤Leverage actionable intelligence to support strategic planning and investment decisions.

Company Insights

Leading players operating in the global automotive tire market include:

• DSV
• XPO Logistics
• FedEx
• C.H. Robinson Worldwide, Inc.
• Nippon Express
• United Parcel Service
• APL Logistics Ltd
• DHL International GmbH
• A.P. Moller-Maersk

Recent Developments

• Leading manufacturers are investing in eco-friendly tire production technologies to meet sustainability goals and regulatory requirements.
• Several companies are launching smart tire solutions integrated with sensors to provide real-time monitoring and predictive maintenance capabilities.

Explore more related market insights and reports by visiting our website.

Track Geometry Measurement System Market Growth: https://www.persistencemarketresearch.com/market-research/track-geometry-measurement-system-market.asp
Tow Tractors Market Growth: https://www.persistencemarketresearch.com/market-research/tow-tractors-market.asp
Automotive Multifunction Switches Market Growth: https://www.persistencemarketresearch.com/market-research/automotive-multifunction-switches-market.asp

Contact Us:

Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Retail Logistics Market Forecast to Expand at 12.2% CAGR, Rising from USD 348 Billion in 2025 to USD 780 Billion by 2032 | Persistence Market Research here

News-ID: 4178370 • Views:

More Releases from Persistence Market Research

Stadium Lighting Industry Forecasted to Grow Steadily, Driven by Transition from Metal Halide to LED Lights
Stadium Lighting Industry Forecasted to Grow Steadily, Driven by Transition from …
The global stadium lighting market is undergoing a transformative shift driven by rapid advancements in LED technology, energy efficiency mandates, and the growing popularity of smart, connected lighting systems. The transition from traditional metal halide lighting to LED-based stadium lighting is revolutionizing how sports arenas and outdoor venues are illuminated-offering longer lifespan, improved color rendering, and significantly lower maintenance costs. Metal halide lights, which last around 6,000 hours, are increasingly being
POS Machines Market Expected to Grow at a CAGR of 9.6% Through 2033
POS Machines Market Expected to Grow at a CAGR of 9.6% Through 2033
The global Point-of-Sale (POS) Machines Market is witnessing significant expansion as digital transactions continue to redefine modern commerce. As of 2022, the market size stood at US$ 18,221.3 million, and it is expected to reach US$ 49,365.2 million by 2033, growing at an impressive CAGR of 9.6% between 2023 and 2033. The increasing adoption of electronic payment systems, integration of advanced technologies like AI and cloud computing, and demand for
3D Camera Market Projected to Reach USD 140.3 Billion by 2030
3D Camera Market Projected to Reach USD 140.3 Billion by 2030
The global 3D camera market is witnessing an unprecedented surge, transforming how industries capture, process, and visualize images. Valued at US$ 21.0 billion in 2023, the market is projected to reach a staggering US$ 140.3 billion by 2030, growing at an exceptional CAGR of 30.1% during the forecast period. This exponential growth is primarily driven by the rising integration of 3D imaging in smartphones, virtual reality (VR), autonomous vehicles, and
Parental Control Software Market Poised for Growth at an 11.1% CAGR Through 2030
Parental Control Software Market Poised for Growth at an 11.1% CAGR Through 2030
The global parental control software market is projected to grow steadily, expanding from US$1.1 billion in 2023 to US$2.3 billion by 2030, registering a robust CAGR of 11.1%. This growth reflects the increasing digitalization of children's lives and the rising awareness among parents about online safety. The proliferation of smartphones, tablets, and internet-connected devices has created an urgent need for tools that allow guardians to monitor, filter, and restrict access

All 5 Releases


More Releases for Logistics

Cold Chain Market 2021 Precise Outlook- AmeriCold Logistics, Nichirei Logistics …
The Global Cold Chain Market provides a unique tool for evaluating the market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. The report covers the post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is
Food Logistics Market Worth Observing Growth | Trinity Logistics, AmeriCold Logi …
The latest launched report on Global Food Logistics Market delivers a transformation framework to understand how megatrends affect industry growth, taking into account the major disrupting forces creating uncertainties for every organisation in the Food Logistics. Based on these outcomes, HTF MI outline plan for these volatile scenarios considering companies such as Port Jersey Logistics, DB Schenker, Henningsen Cold Storage, R2 Logistics, AN Deringer, ODW Logistics, Matson Logistics, Allen Lund,
Logistics Market Future Outlook | AmeriCold Logistics, Nichirei Logistics, Linea …
WiseGuyRerports.com Presents “Global Logistics Market Size, Status and Forecast 2020-2026” New Document to its Studies Database The extensive market study presents a complete analysis of the global Logistics market, including the latest developments, current market conditions, and the growth potentialities during the review period. Accurate statistics with regard to the product, methods as well as the share belonging to the key businesses in the market are also given in the report.
Cold Chain Logistics Market Size 2020 by Top Key Players | Nichirei Logistics Gr …
Cold Chain Logistics Market report' to its research archive which allows exploring the industry in a 360-degree view while marking major insights and highlights accelerating the Cold Chain Logistics market trends. The data sourced from the report enables formulating business plans and helps decision making to improve profitability. The Cold Chain Logistics market has been witnessing consistent growth over the last few years and is projected to continue growing with
Healthcare Cold Chain Logistics Market 2020 Business Scenario - AmeriCold Logist …
The Global Healthcare Cold Chain Logistics Market will increase at a compound annual growth rate of 10.09% (approx.) between 2020 and 2026. The Healthcare Cold Chain Logistics Market report is a collection of pragmatic information, quantitative and qualitative estimation by industry experts, the contribution from industry connoisseurs and industry accomplices across the value chain. Furthermore, the report also provides the qualitative results of diverse market factors on its geographies and segments.
Third-Party Logistics Market: Leading Players – XPO Logistics , Yusen Logistic …
Third-Party Logistics Market report provides key information about the industry, including invaluable facts and figures, expert opinions, and the latest developments across the globe. The Report also calculate the market size, the report considers the revenue generated from the sales of This Report and technologies by various application segments. Download Sample PDF copy of this report https://supplydemandmarketresearch.com/home/contact/272389?ref=Sample-and-Brochure&toccode=SDMRSE272389&utm_source=s. The study objectives of this report are: To analyze global Third-Party Logistics status, future forecast,