[English Market Research Report] Global Market for Automotive Tires
Product ID: 1458147 Publisher: SkyQuest
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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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Publication Date: March 25, 2024 Publisher: SkyQuest Page Information: English 223 Pages Table of Contents Executive Summary Research Methodology Analysis of the Parent Market Key Market Insights Market Dynamics and Outlook Global Automotive Tire Market: By Type Global Automotive Tire Market: By End-User Global Automotive Tire Market Size: By Region Competitive Landscape Major Company Profiles *The table of contents and prices for this report are as of the time of publication. For the latest information, please contact us.*
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