Automotive Tire Market Growth Forecast: 1.6% CAGR Leads to USD 20.7 Billion by 2030
The automotive tire industry plays a crucial role in the transportation sector, with a market poised for steady growth in the coming years. Expected to grow from USD 18.5 billion in 2023 to USD 20.7 billion by 2030, at a CAGR of 1.6%, the market reflects global shifts in vehicle production and consumer demand. From innovative technologies like ti