Tire Market Outlook, Industry Size, Growth Factors, Investment Opportunity 2024-2032
The global tire market reached US$ 164.9 Billion in 2023 and is projected by IMARC Group to reach US$ 256.8 Billion by 2032, with a CAGR of 4.9% from 2024 to 2032. Market growth is driven by technological advancements in tire manufacturing and rising demand for eco-friendly and specialized tires due to increasing environmental awareness.
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