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The automotive tire market size is forecast to increase by USD 55.94 billion at a CAGR of 7.28% between 2023 and 2028. The market is experiencing significant growth due to the increasing sales of passenger cars worldwide. This trend is driving the demand for high-caliber tire products. Technological innovation is a key factor propelling market growth, with developments in rim size and radial tires gaining traction. Another emerging trend is the advent of airless and non-pneumatic tires and automotive tire retreading services, which offer enhanced durability and sustainability. However, environmental concerns arising from tire manufacturing activities pose a challenge to market growth. To address this issue, companies are focusing on implementing eco-friendly manufacturing processes and exploring alternative materials. In summary, the market is witnessing growth driven by rising passenger vehicle sales and technological innovation, while addressing environmental challenges through sustainable manufacturing practices.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Vehicle Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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