Sales of Automotive Tires Are Anticipated To Increase at a CAGR of 4.5% Over 2032

Automotive Tire Market, By Vehicle Type (2/3 Wheelers, Passenger Vehicles, Commercial Vehicles), By Tire Structure (Radial, Tube, Tubeless, Bias Tires), By Tire (Winter, Summer, All-season), By Distribution Channel, By Region – Global Market Insights 2022 to 2032

As of 2022, the global automotive tire market enjoys a valuation of US$ 381.5 billion and is projected to reach US$ 593.5 billion by the end of 2032. Sales of automotive tires are anticipated to increase at a CAGR of 4.5% over the next ten years.

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Prominent Key players of the Automotive Tire market survey report:

  • Bridgestone Corporation
  • Continental AG
  • Michelin North America Inc
  • The Goodyear Tyre & Rubber Company
  • Sumitomo Rubber Industries Ltd
  • The Yokohama Rubber Co., Ltd
  • Pirelli & C. S.p.A
  • Madras Rubber Factory Limited
  • Apollo Tyres Ltd
  • Cheng Shin Rubber Industry Co

Competitive Landscape:

Manufacturers of auto tires are focusing on expanding their business scope by increasing manufacturing capacity to meet high demand from various regions.

  • In August 2022, Hankook Tire, a South Korean supplier of tires, announced the expansion of the manufacturing capacity of its facility in Clarksville, Tennessee, United States. The company was expected to invest around US$ 1.6 billion to increase the local manufacturing capacity of the facility by more than double by 2026.

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Key Segments Covered in Automotive Tire Industry Research

  • By Vehicle Type:
    • 2/3 Wheelers
    • Passenger Vehicles
    • Commercial Vehicles
      • LCVs
      • HCVs
  • By Tire Structure:
    • Radial Tires
    • Tube Tires
    • Tubeless Tires
    • Bias Tires
  • By Tire Type:
    • Winter Tires
    • Summer Tires
    • All-season Tires
  • By Distribution Channel:
    • OEMs
    • Aftermarket

What insights does the Automotive Tire Market report provide to the readers?

  • Automotive Tire fragmentation on the basis of product type, end use, and region.
  • Comprehensive assessment of upstream starting materials, downstream demand, and present market landscape.
  • Collaborations, R&D projects, acquisitions, and product launches of each Automotive Tire player.
  • Various regulations imposed by the governments on the consumption of Automotive Tire in detail.
  • Impact of modern technologies, such as big data & analytics, artificial intelligence, and social media platforms on the global Automotive Tire.

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The report covers following Automotive Tire Market insights and assessment that are helpful for all participants involved in the Automotive Tire market:

  • Data on recently introduced regulations and their impact on key industries and on demand in Automotive Tire
  • Latest industry Analysis on Automotive Tire Market, with key analysis of market drivers, trends, and influencing factors
  • Key trends Analysis of Automotive Tire Market and changing consumer preferences in major industries.
  • Changing Automotive Tire demand and consumption of diverse products
  • Major trends underlining funding by key investors in numerous countries
  • New investment opportunities in diverse technology and product or service types
  • Comprehensive data and Competitive analysis of Automotive Tire major players
  • Automotive Tire Market sales in US will grow at a steady pace, driven by growing consumer confidence and economic recovery
  • Automotive Tire demand forecast in Europe remains stable, as many countries such as UK, France, and Germany focus on boosting growth

Questionnaire answered in the Automotive Tire Market report include:

  • How the market for Automotive Tire has grown?
  • What is the present and future outlook of the global Automotive Tire on the basis of region?
  • What are the challenges and opportunities for the Automotive Tire?
  • Why the consumption of Automotive Tire highest in region?
  • In which year segment is expected to overtake segment?

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