The Market Influence of An increase in the production of motor vehicles is expected to propel the growth of the tire materials market going forward. A motor vehicle refers to any vehicle, tractor-trailer, or semi-trailer that is driven or towed by a mechanical method and is used to convey goods on roadways. Tires function to provide traction for acceleration and braking while also limiting vibration transmission to the automobile body.For instance, in May 2023, according to a report published by the European Automobile Manufacturers’ Association (ACEA), in 2022, 85.4 million motor vehicles were produced worldwide, a 5.7% increase over 2021. Moreover, according to the International Organization of Motor Vehicle Manufacturers, a 36 national trade association, the total production of car and commercial vehicles in 2021 was 80.14 million which increased to 85.02 million in 2022. Therefore, the increase in the production of motor vehicles is driving the growth of the tire materials market.: How It’s Propelling Tire Material Market Growth and Size in 2025
The Business Research Company’s report on the Tire Material Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities. …
The Market Influence of An increase in the production of motor vehicles is expected to propel the growth of the tire materials market going forward. A motor vehicle refers to any vehicle, tractor-trailer, or semi-trailer that is driven or towed by a mechanical method and is used to convey goods on roadways. Tires function to provide traction for acceleration and braking while also limiting vibration transmission to the automobile body.For instance, in May 2023, according to a report published by the European Automobile Manufacturers’ Association (ACEA), in 2022, 85.4 million motor vehicles were produced worldwide, a 5.7% increase over 2021. Moreover, according to the International Organization of Motor Vehicle Manufacturers, a 36 national trade association, the total production of car and commercial vehicles in 2021 was 80.14 million which increased to 85.02 million in 2022. Therefore, the increase in the production of motor vehicles is driving the growth of the tire materials market.: How It’s Propelling Tire Material Market Growth and Size in 2025 Read More
