Automotive Tire Market is projected to surpass US$ 24.06 Billion by 2032 at a CAGR of 2.7%

𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐭𝐢𝐫𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐢𝐳𝐞 𝐰𝐚𝐬 𝐯𝐚𝐥𝐮𝐞𝐝 𝐚𝐭 𝐔𝐒𝐃 𝟏𝟗.𝟏𝟐 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟐𝟑. 𝐓𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐬 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐠𝐫𝐨𝐰 𝐭𝐨 𝐔𝐒𝐃 𝟐𝟒.𝟎𝟔 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐛𝐲 𝟐𝟎𝟑𝟐, 𝐞𝐱𝐡𝐢𝐛𝐢𝐭𝐢𝐧𝐠 𝐚 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟐.𝟕% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟐.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐞𝐟𝐢𝐧𝐢𝐭𝐢𝐨𝐧

The round rubber vehicle part used to cover the outer edge of a wheel is known as an automotive tire. The primary role of a tire is to shield the wheel's rim and provide traction between the vehicle and the road surface. Because it is made of rubber, it also offers a pliable cushion, which helps decrease the effects of vibrations and absorbs the shock of the vehicle. A rubber tire is made up of treads, seamless cap piles, beads, and various components like synthetic rubber, carbon black, and fabric.

𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/automotive-tire-market/request-for-sample

𝐆𝐫𝐨𝐰𝐭𝐡 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

● OEMs are using advanced manufacturing technology to differentiate their products through sustainable, durable, and affordable tires to meet evolving consumer needs and drive market growth.

● Technological advancements, utilizing innovative materials and manufacturing methods, are fueling the expansion of the market. This design shows the commitment of the industry to producing high-quality, eco-friendly tires that align with the changing needs of customers and the overall outlook of the automotive tire market Share.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Because there are so many companies in the industry, it is expected to be both competitive and fragmented. Here is the list of the leading companies operating in the automotive tire industry:

• Bridgestone Corporation
• CEAT Ltd.
• Continental AG
• Goodyear Tire and Rubber Company
• JK Tyre & Industries Ltd.
• Michelin Group
• MRF Tyres
• Pirelli & C. S.P.A.
• Sumitomo Rubber Industries Ltd.
• Toyo Tire & Rubber Co. Ltd.

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐦𝐨𝐫𝐞 𝐚𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐛𝐞𝐟𝐨𝐫𝐞 𝐩𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.polarismarketresearch.com/industry-analysis/automotive-tire-market/inquire-before-buying

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Regional analysis provides an examination of the key variables, including social, physical, and economic, in a regional context. It helps companies understand the needs and wants of their customers in target markets. Thus, stakeholders can make informed decisions about their products or service offerings. Also, regional analysis assists businesses in identifying regions with high growth potential and where they should focus their efforts. Furthermore, it can help stakeholders understand local conditions to analyze policy related to global change.

The key regions and sub-regions of the Automotive Tire Market covered in the research report are: • North America (U.S., Canada) • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia) • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea) • Latin America (Brazil, Mexico, Argentina) • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The automotive tire market Growth is primarily segmented based on aspect ratio, rim size, tire type, vehicle type, section width, season type, and region. Based on the rim size analysis, in 2023, the 13" -15" segment dominated the market with a significant income share. The market for compact vehicles, such as subcompacts and hatchbacks, is increasing.
Moreover, according to the aspect ratio analysis, in 2023, the >70 aspect ratio segment held the largest market share and is anticipated to continue holding its position in the market throughout the forecast period. Due to the heightened height of the tire's sidewalls, they offer a smoother and more comfortable ride.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/automotive-tire-market

𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲 𝐀𝐝𝐝𝐫𝐞𝐬𝐬𝐞𝐬 𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

• What are the major market trends and dynamics?

• How are strategic developments transforming the market landscape?

• What are the market projections considering capacity and production?

• Who are the major players operating in the Automotive Tire Market Drive?

• What will the market growth rate be over the estimated period?

• What are the recent market trends stakeholders can use to generate additional revenue streams?

𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐟 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Third Party Logistics Market: https://www.polarismarketresearch.com/industry-analysis/third-party-logistics-market
Autonomous Emergency Braking (AEB) System Market: https://www.polarismarketresearch.com/industry-analysis/automatic-emergency-braking-market
Automotive Catalytic Converter Market: https://www.polarismarketresearch.com/industry-analysis/automotive-catalytic-converter-market
Automotive Cold-End Exhaust Aftermarket: https://www.polarismarketresearch.com/industry-analysis/automotive-cold-end-exhaust-aftermarket
Automotive Collision Repair Market: https://www.polarismarketresearch.com/industry-analysis/automotive-collision-repair-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:
Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:
Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

This release was published on openPR.