The European automotive tire market size is likely to reach $26,327.8 million by 2024 and is expected to grow with a CAGR of 4.5% during the forecast period.
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The study on the Global Commercial Vehicle Tire Market Size, Share, Analysis, Future Insights 2028 is a thorough investigation of many factors that are significant and common in the industry under consideration. Due to a number of variables covered in the report, the market is projected to see a CAGR of 5.29% between 2023 and 2028. The report names and lists significant businesses with sizable global market shares.
[252 Pages Research] Commercial satellite imaging market to surpass $6,992.8 Million by 2030 | Defense & intelligence application to grow at 12.6% CAGR.
[288 Pages] Automotive differential market to reach $32,293.6 million by 2030, at 4.7% CAGR; Electronic limited-slip differential type to grow at 5.9% CAGR.
The Qatar Tire Market is projected to grow at a CAGR of around 12% during the forecast period, i.e., 2021-26. The growth of the market is driven primarily by rapidly improving living standards & disposable income of people, coupled with their growing inclination toward privately owning vehicles, which, in turn, is demonstrating a swift escalation in the vehicle fleet. As a result, the demand for tires is accelerating across the country and driving the market.
The global automotive smart tire market was worth USD 78.3 billion in 2020 and is further projected to reach USD 118.6 billion by the year 2027, growing at a CAGR of 6.2% during the forecast period.
The TechSci Research report states that the global agricultural tire market will experience a steady growth rate between the years 2023 and 2028. This growth is attributed to changes in farming practices worldwide, which have led to an increased demand for efficient and productive agricultural machinery. Governments of various countries have invested in this sector, resulting in growth in the agricultural industry. Furthermore, the increasing population and advancements in agricultural vehicle technology have fueled the demand for agricultural vehicles and Off-the-Road (OTR) tires. These factors are expected to contribute to the growth of the global agricultural tire market during the forecast period.
Europe off-road tires market share could be worth US$125 billion by 2027. The region is witnessing steady rise in off-road recreational activities such as racing, camping, and forest adventures. The presence of some of the world’s largest automakers will boost the regional demand significantly.
Pneumatic Tire Market Size, Share, Analysis, Trends, Growth, Demand, and Research Report 2014-2020 @ Big Market Research | 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. Raw materials that are used in the manufacturing of pneumatic tires include natural rubber, synthetic rubber, carbon black, steel wire, petrochemicals reinforcing materials (fabric, steel, polyester, nylon, and rayon), fabric cord and wires.
According to the Regional Research Reports, the global Commercial Vehicle Tyre market is expected to project a double-digit CAGR during the forecast period (2024-2033). The report provides an in-depth analysis of the market size (Euro/USD Million) and volume (units/tons). This analysis has been systematically compiled through an exhaustive examination of the business operations and product portfolios of competitors entities that are actively engaged in the global market.
The global automotive tire market size was worth USD 122 billion in 2021 and is projected to reach USD 180 billion by 2030, registering a CAGR of 4.3% during the forecast period (2022 – 2030).
It highlights the competitive outlook of major global players that includes the business strategies, product portfolio, revenue distribution, financial analysis, R&D activities and investments. The in-depth analysis of facility management market report will help the clients to assess their business strategies as per the competitive environment in the market space.