Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 17.79 Billion | USD 34.74 Billion | 6.92% | 2024 |
FrequentlyAsked Questions
The global TBR tires market is expected to grow due to growing commercial vehicle fleets, demand for durable and fuel-efficient tires, and expanding logistics and construction sectors.
According to a study, the global TBR tires market size was worth around USD 17.79 Billion in 2024 and is expected to reach USD 34.74 Billion by 2034.
The global TBR tires market is expected to grow at a CAGR of 6.92% during the forecast period.
Asia-Pacific is expected to dominate the TBR tires market over the forecast period.
Leading players in the global TBR tires market include Apollo Tyres, Balkrishna Industries Limited, Bridgestone Corporation, China National Tire & Rubber Co., Ltd., Continental AG, Cooper Tire & Rubber Company, Giti Tire, The Goodyear Tire & Rubber Company, Hankook Tire & Technology Co. Ltd., Kumho Tire Co Inc, MICHELIN, Nokian Tyres plc., Pirelli & C.S.p.A., Sumitomo Rubber Industries, Ltd., Toyo Tire Corporation, Yokohama Rubber Industries Co., Ltd., ZC Rubber, Prometeon Tyre Group S.R.L., among others.
The report explores crucial aspects of the TBR tires market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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