GITNUX MARKETDATA REPORT 2024
Tire Coverage Statistics
Tire coverage statistics provide useful insights on the frequency and cost of tire-related claims within a given population.
In this post, we will explore key statistics related to the global tire industry, covering aspects such as market volume, safety concerns, production details, and regional market trends. Stay informed about the latest insights and trends shaping the tire coverage industry.
Statistic 1
"The global tire market reached a volume of 3.2 Billion Units in 2020."
Statistic 2
"The market is expected to reach a volume of 3.9 Billion Units by 2026."
Statistic 3
"738 tire-related deaths occur annually in the United States."
Statistic 4
"About 35% of the world’s total rubber production goes into making tires."
Statistic 5
"Almost 1 in 4 cars have at least one underinflated tire."
Statistic 6
"Tires 25% below their recommended pressure are three times more likely to be involved in a crash."
Statistic 7
"In Europe, winter tires represent about 30% of total tire sales."
Statistic 8
"The North America tire market was valued at $42.77 billion in 2019."
Statistic 9
"In North America, the replacement tire market accounts for almost 70% of total tire sales."
Statistic 10
"The market for aircraft tires is expected to witness a CAGR of over 1.82% during the forecast period (2020 - 2025)."
Jannik Lindner
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The statistics are checked by us and then entered into the database. Our market data reports have been linked to by some of the largest publishers and companies on the Internet.
