The Automotive Tires Market research report highlights market research and industry analysis driven by in-depth business relevant news.

Precision Business Insights has published a report on the global Automotive Tires Market, estimating its value at USD 213.0 Billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 5.8% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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The automotive tires market refers to the global industry involved in the design, production, distribution, and sale of tires specifically made for vehicles such as passenger cars, commercial trucks, motorcycles, and electric vehicles. These tires are critical components that affect a vehicle’s performance, safety, fuel efficiency, and comfort.

Drivers:

·         Rising vehicle sales, especially in emerging economies like India and China, are fueling tire demand.

·         Demand for tires made from renewable or recycled materials is rising.

The global Automotive Tires Market segmentation:

1) By Type: Radial, Bias.
2) By Application: Passenger Cars, LCV, HCV, Two-wheelers.
3) By Rim Size: Less Than 15 Inches, 15 to 20 Inches, more than 20 Inches.
4) By Season Type: Summer Tire, Winter Tire, All-season Tire.

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Regional Overview:
The report also examines the current concerns and their Future Effects on the Automotive Tires Market by the region. The report covers all regions and countries; North America was the largest and Asia was the fastest-growing region in the Automotive Tires Market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Bridgestone Corporation, Michelin Group, Continental AG, Goodyear Tire & Rubber Company, Pirelli & C.S.p.A., Sumitomo Rubber Industries, Ltd., Hankook Tire & Technology Co., Ltd., Yokohama Rubber Company Ltd., Apollo Tyres Ltd., Trelleborg AB.

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