Global Tires Market to Surpass USD XX Billion by 2030 with Robust Growth in Passenger and Commercial Segments
The global tires market is on a steady growth trajectory, projected to reach a value of USD 147.44 billion by 2025 and further climb to USD 173.93 billion by 2030 , expanding at a CAGR of 3.4% over the forecast period. This growth is largely fueled by the rapid expansion of the automotive sector in emerging economies , where increasing disposable incomes and rising vehicle ownership are significantly driving tire consumption. The shift towards electric vehicles (EVs) is reshaping tire demand, creating a growing market for specially designed products that offer low rolling resistance , high durability , and enhanced efficiency . Simultaneously, large-scale infrastructure development and urbanization are spurring the need for commercial vehicle tires , particularly in logistics, construction, and public transportation. Download Sample Pages- https://www.theresearchinsights.com/request_sample?id=575 The rise of e-commerce and last-mile delivery has also contributed to the incr...