๐ ๐ฅ๐ฒ๐๐ฟ๐ฒ๐ฎ๐ฑ ๐ง๐ถ๐ฟ๐ฒ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ผ๐ฎ๐ฟ๐ ๐๐ผ $๐ฎ๐ฌ ๐๐ถ๐น๐น๐ถ๐ผ๐ป ๐ฏ๐ ๐ฎ๐ฌ๐ฏ๐ฏ! ๐ The retread tire market is set to skyrocket, with a forecasted value of USD 20 billion by 2033, growing at a consistent 6% CAGR from USD 11.2 billion in 2023. This impressive growth is driven by rising prices of new tires, especially for SUVs, and the expanding fleet of commercial vehicles. Key players like Bridgestone EMEA are at the forefront, unveiling innovations such as the Duravis R002 premium tire, which promises superior performance and sustainability. Retread tires are gaining traction due to their cost-effectiveness and eco-friendly benefits, significantly reducing CO2 emissions and conserving resources. ๐ ๐๐น๐ผ๐ฏ๐ฎ๐น ๐๐ป๐๐ถ๐ด๐ต๐๐: ๐บ๐ธ USA: 5.8% CAGR ๐จ๐ณ China: 6.2% CAGR ๐ Heavy Commercial Vehicles leading the way with 6.5% CAGR ๐ง ๐๐ฒ๐ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐: Continental, Yokohama Tire Corporation, Michelin, The Goodyear Tire & Rubber Company , and more. The impressive growth of the retread tire market makes networking and participation at THE TIRE COLOGNE as a key industry meeting point indispensable โ so mark June 9-11, 2026 in your calendars! ๐๏ธ #tirecologne #retread #tireindustry #sustainability #innovation Source: https://lnkd.in/etc-_p_V
THE TIRE COLOGNEโs Post
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RationalStat has recently published a comprehensive market report on - โEurope Tire Market Analysis and Forecast, 2022-2028โ. As per the analysis, the Europe tire market is expected to grow at a CAGR of 3.1% over the forecast period of 2022-2028. ๐ Increasing demand for high-performance #tires and rising demand for premium tires is attributing the #marketgrowth. Based on vehicle type segmentation, the #passengercar segment is expected to remain the largest segment throughout the forecast period. The growing popularity of SUVs and other high-performance #vehicles is driving the demand for passenger car tires. The Europe tire market is dominated by market players, including: โ Michelin โ Bridgestone Americas โ Continental โ The Goodyear Tire & Rubber Company โ Sumitomo Corporation โ Pirelli โ Yokohama Tire Corporation โ Hankook Tire โ Toyo Tires โ Kumho Tires USA ๐ To get detailed market #insights, data, and supplier assessment, request a sample report at: https://lnkd.in/dRnCnrcS ๐ง For more, please reach out to sales@rationalstat.com or call: +44 203-287-1245 or +1 302-803-5429 #rationalstat #marketanalysis #markettrends #industryanalysis #industryinsights #investment #marketreport #researchreport #industryreport #globalmaarket #marketdemand #tire #vehicletire #tiremarket #motorcompanies #manufacturing #suvcars #cars
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๐๐ก๐๐ข๐ฅ๐๐ง๐'๐ฌ ๐๐ข๐ซ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ: ๐๐๐ฏ๐ฏ๐ข๐ง๐ ๐๐ฉ ๐๐จ๐ซ ๐๐ซ๐จ๐ฐ๐ญ๐ก The #Thailand_Tire_Market is poised for a steady 3% CAGR by 2027, fueled by a thriving automotive sector and a growing middle class. ๐น๐ญ ๐๐ฎ๐ซ ๐ฅ๐๐ญ๐๐ฌ๐ญ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐๐ฌ ๐ญ๐ก๐ข๐ฌ ๐๐ฒ๐ง๐๐ฆ๐ข๐ ๐ฆ๐๐ซ๐ค๐๐ญ, ๐ข๐ง๐๐ฅ๐ฎ๐๐ข๐ง๐ : โ Rising #demand for two-wheeler tires driven by urban commutes โ Increased production capacity from global giants like Michelin and Bridgestone โ The influence of a strong domestic rubber industry ๐๐๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐ข๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐ญ๐ก๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ (2024-30): https://lnkd.in/dgrj522Q ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ- Continental, Bridgestone Americas, Yokohama Tire Corporation, Hankook Tire, The Goodyear Tire & Rubber Company, Michelin, and Others. #tire #tireindustry #automotive #autmotiveindustry #thailand #southeastasia #marketresearch #marketresearchreports #marketanalysis #marketgrowth #industryanalysis #industrygrowth #consulting #marknteladvisors
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How is Increased #AutomobileProduction Impacting #Tire Demand? The #pneumatictire market experiences robust growth driven by increased automobile production and rising replacement demand. Despite these positive trends.Pneumatic tires are in high demand in the automotive industry. Pneumatic tires are rubber tires filled with compressed #air that enhances the tires loading capacity and improves the overall performance of the vehicle. Explore More Insights: https://lnkd.in/dTcTHkh4 Key Market Players: The Yokohama Rubber Co., Ltd. , Cooper Tire & Rubber Company Europe Ltd. , Hankook Tire, Michelin, Pirelli., Bridgestone Americas, Sumitomo Rubber AKO, Kumho Tire., Continental, The Goodyear Tire & Rubber Company #AMR #TireMarketGrowth #AutomobileProduction #ReplacementDemand #TireRetreadingTrends #RawMaterialPrices #MarketChallenges #PneumaticTires #IndustryTrends #VehicleMaintenance #MarketAnalysis
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๐ง ๐๐ง๐ฅ๐๐๐ฌ๐ก ๐ญ๐ก๐ ๐๐จ๐ฐ๐๐ซ ๐จ๐ ๐๐ซ๐๐๐ข๐ฌ๐ข๐จ๐ง ๐ฐ๐ข๐ญ๐ก ๐๐ฎ๐ซ ๐๐ข๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ! ๐โจ Dive into the world of cutting-edge tire technology at our #Tire_Market. ๐ From all-terrain warriors to eco-friendly marvels, we offer a diverse range to suit every driver's needs. ๐ Experience enhanced #safety, fuel efficiency, and performance with our meticulously crafted tire collection. ๐ฃ๏ธ Navigate confidently through any terrain with our advanced tread designs, ensuring optimal traction and control. ๐ฟ Join us in the journey towards eco-conscious driving with our #sustainable tire options. ๐ก Discover the perfect match for your #vehicle, and redefine your driving experience today. ๐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐๐๐ซ๐ค๐๐ญ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ? ๐๐๐ญ๐๐ข๐ง ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ (๐๐๐๐-๐๐)! ๐ https://lnkd.in/gbqBpC5A ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ- Bridgestone Americas, Continental, Hankook Tire, Michelin, Nokian Tyres plc, Pirelli., Sumitomo Rubber AKO, The Yokohama Rubber Co., Ltd., Toyo Tires, MRF, CEAT Limited, and many more. #tires #commercialvehicle #tireindustry #automotive #automotiveindustry #marketresearchreports #marketgrowth #marketanalysis #industryanalysis #industryinsights #consulting #marknteladvisors
Tire Market size is valued at around USD 232 billion in 2023 and is estimated to grow at a CAGR of about 4.11% during 2024-29
marknteladvisors.com
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๐๐จ๐ฎ๐ญ๐ก๐๐๐ฌ๐ญ ๐๐ฌ๐ข๐ ๐๐๐ฌ๐ฌ๐๐ง๐ ๐๐ซ ๐๐๐ซ ๐๐ข๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐ญ๐จ ๐๐๐ข๐ง ๐๐ซ๐๐๐ญ๐ข๐จ๐ง: ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ (2024-2030) The #Southeast_Asia_passenger_car_tire_market is poised for steady growth, driven by a rising middle class, increasing urbanization, and a growing preference for personal vehicles. Here's a quick breakdown of the key trends: ๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ - https://lnkd.in/gM6_XKaw ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ- Pirelli, The Goodyear Tire & Rubber Company, Bridgestone Americas, Continental, MRF, Yokohama Tire Corporation and Others. #tire #tireindusry #auomotive #automotiveindustry #marketresearch #southeastasia #tires #electricvehicles #marketresearchreports #marketanalysis #marketgrowth #industryanalysis #industrygrowth #consulting #marknteladvisors
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๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐๐ข๐ซ๐ ๐๐๐ซ๐ค๐๐ญ: ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ The #North_America_Tire_Market is projected to grow at a CAGR of around 4.2% during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven principally by the swiftly increasing vehicle fleet, owing to the growing private vehicle ownership as a result of changing living standards & improving economic conditions of North Americans. โ๏ธ๐๐ข๐ ๐ง ๐๐ฉ ๐ฐ๐ข๐ญ๐ก ๐๐จ๐ฎ๐ซ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ ๐๐ฆ๐๐ข๐ฅ ๐๐จ๐ซ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://lnkd.in/geFy8MQd Of all countries across North America, the US leads the tire market with the largest share. It owes principally to the extensive presence of prominent automakers & tire manufacturers in the country, indulged actively in the production & distribution of new vehicles & tires and stimulating the market growth. ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ- The Goodyear Tire & Rubber Company, Bridgestone Americas, Michelin, Continental, Sumitomo, Hankook Tire, Kumho Tires USA, Pirelli, Yokohama Tire Corporation, Toyo and many more. #tires #tireindustry #automotiveindustry #marketresearchreports #marketanalysis #marketgrowth #insights #consulting #consultingservices #marknteladvisors
North America Tire Market
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๐๐ข๐ซ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐ข๐ฌ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐ซ๐๐๐๐ก ๐๐ $ ๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐๐ฒ ๐๐๐๐ Global Tires Market was valued at US $ 1.3 billion in 2023 and is expected to reach US $ 3.4 billion by 2032 growing at a CAGR of 14.4% during the forecast period 2024 โ 2032. The global tire market is mainly driven by the expansion of vehicle production and sales on a global scale. There is a boost in demand for tires on a global scale, because of an increased amount of sold vehicles, mainly in third-world countries. Tire demand will go higher if the number of vehicles increase, it is likely to happen because of the increasing incomes in many developing countries. Download a Preview PDF of the Full Research Study: https://lnkd.in/df5q4kbr Tires must have the quality of withstanding pressure and stress which they go through during driving, beyond having qualities to resist weather changes. There is increased international demand because of which the tire industry is increasing its total sales by delivering more tires worldwide. The domestic demand for automobiles. Moreover, the automotive industry will see huge growth. Hence, making it one of the important sectors in nation's development journey. The tire industry is expected to grow over time if it continues with the following factors. Top Key Players Covered: Pirelli & C. S.p.A., Groupe Michelin France, Goodyear Tyre & Rubber Co, Apollo Tyres Ltd., Avon Tyres, CEAT, Bridgestone Corporation, Cheng Shin Rubber Ind. Co. Ltd., Continental AG, Cooper Tire & Rubber Company, MRF, Michelin, Toyo Tire & Rubber Co., Ltd. #TireTrends #WheelWisdom #RubberRoadsters #TractionTalk #TireTech #DriveSafeDriveSmart #GripGame
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๐๐๐ฏ๐ข๐ ๐๐ญ๐ ๐ญ๐ก๐ ๐๐จ๐๐ ๐ญ๐จ ๐๐ฎ๐๐๐๐ฌ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐๐ฎ๐ซ ๐๐๐ฐ ๐๐ฎ๐ฆ๐ฆ๐๐ซ ๐๐ข๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ! The global #summer_tire_market is projected for steady growth, with a CAGR of 4% expected by 2027 according to MarkNtel Advisors' latest research. This report equips businesses with a comprehensive understanding of this crucial segment within the automotive industry. ๐๐๐ฒ ๐๐๐๐ญ๐ฎ๐ซ๐๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฉ๐จ๐ซ๐ญ: ๐นMarket sizing and future projections for 2022-2027 ๐นIn-depth analysis of growth drivers like increasing performance focus and economic recovery ๐นGranular segmentation by region (including emerging markets), vehicle type (passenger cars, SUVs, etc.), and application (highway driving, sports performance) ๐นCompetitive landscape assessment to identify key players and their strategies ๐๐๐ญ ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐ข๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ ๐๐๐๐๐ฌ๐ฌ ๐ญ๐จ ๐ญ๐ก๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ (2024-30)- https://lnkd.in/gEeHEE7C ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ- Bridgestone Americas, Continental, Michelin, Yokohama Tire Corporation, The Goodyear Tire & Rubber Company, Pirelli, Nokian Tyres plc, NEXEN TIRE, and many more. #tireindustry #tires #automotive #summertires #automotivemarket #marketresearchreports #businessinsights #marketgrowth #marketanalysis #industryanalysis #industryinsights #consulting #marknteladvisors
Summer Tire Market | CAGR 4% by 2027 | MarkNtel
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๐ ๐๐ฎ๐๐๐๐ซ ๐๐ข๐ซ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ ๐ The #Rubber #Tire #Market size was valued at USD 155.08 Bn. in 2023, and it's projected to grow by 3.8% annually, reaching nearly USD 201.35 Bn. by 2030. ๐ ๐๐ฒ๐ ๐๐ฟ๐ฒ๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฃ๐๐: https://lnkd.in/er7hwkkG ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ: A rubber tire is a crucial component of #vehicles, facilitating load transfer from the rim to the ground. With the surge in vehicle production and increasing #demand for passenger cars globally, the rubber tire market is set for robust #growth. ๐ ๐ ๐๐๐ฒ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ: Rising Demand for High-Performance Tires: Advanced tires with tire pressure monitoring systems are becoming more popular. Economic Expansion: Increasing vehicle production and urbanization drive market growth. #Technological Innovations: New technologies in tire manufacturing enhance performance and safety. ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ: Bridgestone Americas The Goodyear Tire & Rubber Company Continental Michelin #RubberTireMarket #AutomotiveIndustry #MarketGrowth #Innovation #EconomicExpansion #KeyDrivers #Challenges #Opportunities #RegionalInsights #KeyPlayers
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