Tyres Market
Tyres Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Tyres Market Size and Growth
The global tyres market is poised for significant growth, driven by rising vehicle production and increased demand for high-performance tyres. The market size was valued at approximately $226 billion in 2023, with projections indicating a CAGR of around 4% through the next five years, influenced by evolving consumer preferences and sustainability trends.
Companies Covered
(Covid 19 Impact Covered)
◍ Ube Material
◍ SPARES2GO
◍ BITS4REASONS ◍ MICHELIN ◍ Continental ◍ DUNLOP ◍ Bridgestone ◍ Hankook ◍ Giti ◍ Pirelli ◍ KUMHO TIRE ◍ Zcrubber ◍ Triangle ◍ DOUBLE STAR ◍ CELIMO
◍ ROYAL BLACK ◍ TIANJIN WANDA TYRE GROUP CO., LTD
The tyre market features key players like Michelin, Continental, and Bridgestone, who drive innovation and sustainability. Companies like Ube Material and Hankook enhance materials and performance. Sales revenue highlights include Michelin: $24.5 billion, Bridgestone: $22 billion, and Continental: $12 billion, boosting market growth and competitiveness.
◍ Haida
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Market Segmentation
By Application
Car
Light Truck ◍ Trucks and Buses
Agricultural Vehicles
Construction Vehicle
Aircraft
Motorcycle
Bicycle
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By Product
Skewed Tire
Radial Tire
Market Growth
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$ 7.98 Billion
