PUBLISHER: TechNavio | PRODUCT CODE: 1384556
PUBLISHER: TechNavio | PRODUCT CODE: 1384556
The passenger vehicle tire market is forecasted to grow by USD 12,332.27 mn during 2023-2028, accelerating at a CAGR of 6.76% during the forecast period. The report on the passenger vehicle tire market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising urbanization globally, growing demand for ride-share and ride-hail services., and increasing e-commerce and online shopping.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 6.6% |
CAGR | 6.76% |
Incremental Value | $12332.27mn |
Technavio's passenger vehicle tire market is segmented as below:
By Type
By End-user
By Geographical Landscape
This study identifies the growing use of green and sustainable tires as one of the prime reasons driving the passenger vehicle tire market growth during the next few years. Also, rising micromobility and last-mile transport and emergence of smart tire technology will lead to sizable demand in the market.
The report on the passenger vehicle tire market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading passenger vehicle tire market vendors that include Apollo Tyres Ltd., Bridgestone Corp., Continental AG, Federal Corp., Giti Tire, Hankook Tire and Technology Co. Ltd., Huayi Tire Canada Inc., Kesoram Industries Ltd., Kumho Tire Co. Inc., Maxxis International, Michelin Group, NEXEN TIRE Co. Ltd., Nokian Tyres Plc, Pirelli and C S.p.A, Sumitomo Rubber Industries Ltd., The Goodyear Tire and Rubber Co., Toyo Tire Corp., Triangle Tyres, Yokohama Rubber Co. Ltd., and Zhongce Rubber Group Co. Ltd.. Also, the passenger vehicle tire market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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