The Automotive Tires Replacement Market is projected to grow at a CAGR of 1.8% to reach a market size of USD 113.1 billion by 2025 from 101.7 billion in 2019. The market growth is primarily driven by a growing vehicle fleet, an increase in demand …
Increasing demand for autonomous and connected technologies in automotive is expected to drive the market for advanced tires. Advanced tires comprise technologies such as chip-embedded, self-inflating, multi-chamber, and all-in-one tires. These technologies are expected to increase in-vehicle convenience significantly. These technologies help increase the durability …
The OTR Tires Market, by value, is projected to grow at a CAGR of 4.64% from 2017 to 2025, to reach USD 7.68 billion by 2025. Factors such as increasing sales of off-highway vehicles and government subsidies on agriculture equipment are projected to fuel the …