Tire Market
Tire Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Tire Market Size and Growth
The tire market exhibits steady growth, driven by increasing vehicle production and rising consumer demand for mobility. The global tire market size is projected to reach approximately $300 billion by 2025, fueled by advancements in technology, eco-friendly materials, and the expansion of electric vehicles, enhancing market dynamics and competition. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Michelin
◍ Bridgestone
◍ GoodYear
◍ Continental
◍ Sumitomo
◍ Pirelli
◍ Hankook
◍ Yokohama
◍ Zhongce Rubber
◍ Apollo Tyres
◍ Toyo Tire Corporation
◍ Cheng Shin Rubber
◍ Giti
◍ Linglong Tire
◍ MRF
◍ Nexen Tire
◍ Sailun jinyu Group
The tire market is competitive, featuring major players like Michelin, Bridgestone, Goodyear, and Continental, each innovating in technology and sustainability. Companies like Pirelli and Hankook enhance performance and fuel efficiency, while others such as MRF and Sumitomo expand in emerging markets, driving growth. Notable revenues include:
- Michelin: $29 billion
- Bridgestone: $29 billion
- Goodyear: $17 billion
- Continental: $11 billion
- Pirelli: $6 billion
◍ Kumho Tire
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