Pneumatic Tire Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Pneumatic Tire Market is segmented By Product (Radia, Cross-Ply), By Vehicle (Four-Wheelers, Two-Wheelers, Aircraft, Others), By Distribution Channel ....
Pneumatic Tire Market Size
Market Size in USD Bn
CAGR4.34%
| Study Period | 2024 - 2031 |
| Base Year of Estimation | 2023 |
| CAGR | 4.34% |
| Market Concentration | High |
| Major Players | Michelin Group, Sumitomo Rubber Industries, Ltd., Continental AG, Bridgestone Corporation, The Goodyear Tire & Rubber Company and Among Others |
*Disclaimer: Major players are listed in no particular order.
*Source: Coherent Market Insights
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Pneumatic Tire Market Analysis
The pneumatic tire market is estimated to be valued at USD 368.99 Bn in 2024 and is expected to reach USD 496.90 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 4.34% from 2024 to 2031. Growth in vehicle production and sales across the world especially in developing countries such as China and India is boosting growth of the pneumatic tire market.