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[English Market Research Report] Global Market for Retreaded Tires for Automobiles

[English Market Research Report] Global Market for Retreaded Tires for Automobiles

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The automotive retread tire market is projected to grow to 3.125 billion USD from 2023 to 2028, with a CAGR of 5.87% during the forecast period. This report highlights the development of retread tires and their design as one of the key factors driving the growth of the automotive retread tire market in the coming years. Additionally, advancements in advanced tire retreading processes and technologies, along with recent trends in the automotive retread tire market, will lead to significant demand in the market.

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[English Market Research Report] Global Market for Automotive Tires

[English Market Research Report] Global Market for Automotive Tires

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The global automotive tire market size reached 310.5 billion USD in 2022 and is expected to grow from 333.92 billion USD in 2023 to 604.47 billion USD by 2031, with a projected CAGR of 7.7% during the forecast period (2024-2031). The automotive tire sector is highly competitive, with companies prioritizing product differentiation through innovative technologies that offer superior performance and durability. One such technological innovation is the development of self-repairing tread patterns that ensure stable grip even as the tires wear down. With the significant surge in global sales of passenger and commercial vehicles, tire demand is expected to see substantial growth. According to the International Organization of Motor Vehicle Manufacturers, over 90 million new vehicles were produced worldwide, marking a 1.1% increase from the previous year. Of these, approximately 17 million were produced in Europe, accounting for 19% of global production and driving the demand for automotive tires.

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【English Market Research Report】World Market for OTR Tires

【English Market Research Report】World Market for OTR Tires

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The market size of OTR tires is projected to expand at a CAGR of 6.5%, growing from 4.8 billion USD in 2024 to 7 billion USD by 2030. This report investigates the global OTR tire market, summarizing trends by equipment type, output, type, rim size, tire type, process, application, and region, as well as profiles of companies entering the market.

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