Automotive tire aftermarket forecast at $159 billion by 2028

Brooklyn, NY – The automotive tire aftermarket market is expected to grow from US$ 105,869.22 million in 2021 to US$ 159,497.33 million by 2028; it is estimated to grow at a CAGR of 6.0% from 2021 to 2028 according to the Insight Partners.

The “Global Automotive Tire Aftermarket Market Analysis to 2028” is a specialized and in-depth study of the Automotive Tire Aftermarket industry with a special focus on the global market trend analysis. The report aims to provide an overview of Automotive Tire Aftermarket market with detailed market segmentation by product type, vehicle type, and geography. The global Automotive Tire Aftermarket market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Automotive Tire Aftermarket market players and offers key trends and opportunities in the Automotive Tire Aftermarket market.

Key stakeholders in the automotive tire aftermarket marketplace ecosystem are uncooked fabric providers, automotive tire manufacturers, and end-customers. All those stakeholders are part of the market fee chain that comprises 3 primary segments tire type, distribution channel, and rim size. The uncooked fabric carriers supply the cloth to build the automobile tire aftermarket. Automotive tire manufacturers then perform numerous techniques, which includes designing, assembling, and production, to transform raw materials into completed products.

Company mentioned include APOLLO TIRES LTD, Continental AG, PIRELLI AND C. S.P.A., Sumitomo Rubber Industries, Ltd, THE GOODYEAR TIRE AND RUBBER COMPANY, YOKOHAMA RUBBER CO., LTD, ZHONGCE RUBBER GROUP CO. LTD, NEXEN TIRE AMERICA INC, BRIDGESTONE CORPORATION, and MICHELIN