GITNUX MARKETDATA REPORT 2024
Advanced Tires Industry Statistics
The Advanced Tires Industry is projected to experience significant market growth due to increasing demand for innovative and sustainable tire solutions.
In this post, we explore the dynamic landscape of the advanced tires industry, backed by a plethora of compelling statistics. From market size projections to regional growth trends and segment-specific insights, these key figures shed light on the evolving nature of the industry and the exciting opportunities that lie ahead.
Statistic 1
"The global advanced tires market size was valued at USD 219.9 million in 2018."
Statistic 2
"By 2027, the advanced tire market is expected to reach USD 1.34 billion."
Statistic 3
"Passenger vehicle applications accounted for over 65% of the market share in 2018."
Statistic 4
"Self-inflating tires are projected to witness more than 30% CAGR until 2026."
Statistic 5
"North America held the largest market share of approximately 40% in 2018."
Statistic 6
"The Middle East and Africa region is expected to register the fastest growth rate of 38.3% during the forecast period."
Statistic 7
"On road usage for advanced tires will surpass USD 600 million by 2026."
Statistic 8
"The construction & mining segment was valued at USD 179.2 million in 2020."
Statistic 9
"Europe's market share is expected to exceed 25% by 2026."
Statistic 10
"The OTR (off-the-road) segment in the advanced tire market forecasts 20% growth rate through 2026."
Statistic 11
"High performance vehicles will account for over 35% of advanced tires market by 2023."
Statistic 12
"The pneumatic tires segment exceeded $230 million in 2020."
Statistic 13
"APAC's market size is predicted to grow over 30% by 2026."
Statistic 14
"Around 95% of vehicles are expected to be equipped with advanced tires by 2025."
Statistic 15
"The fully autonomous vehicle segment is projected to account for 35.8% market share by 2027."
Statistic 16
"U.S. dominated the North American market, holding over 30% of the market share in 2018."
Statistic 17
"The advanced tire market in China is anticipated to expand with a CAGR of about 32.4% during the forecast period."
Statistic 18
"The motorcycle advanced tires market is poised to grow at a CAGR of 40.4% during 2021-2027."
Jannik Lindner
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