Automotive Tire Market size to grow by USD 49.25 billion from 2022 to 2027|APAC is estimated to account for 40% of the global market - Technavio
NEW YORK, Dec. 1, 2023 /PRNewswire/ -- The automotive tire market size is estimated to grow by USD 49.25 billion from 2022 to 2027, growing at a CAGR of 7%.
- NEW YORK, Dec. 1, 2023 /PRNewswire/ -- The automotive tire market size is estimated to grow by USD 49.25 billion from 2022 to 2027, growing at a CAGR of 7%.
- These factors collectively fuel the growth of the APAC automotive tire market during the forecast period.
- Therefore, the OEM segment plays a crucial role in driving the growth of the global automotive tire market during the forecast period.
- The automotive tires e-retailing market size is estimated to grow at a CAGR of 15.3% between 2022 and 2027.