Transportation Products & Services · Direct
Monitoring · monthlyProcurement Category Intelligence
Automobile & Light Truck Tires
Overview
Market size
$265
global, USD
CAGR
3.8%
base to forecast
Buyer power
-1.8
supplier-favoured
Suppliers
6
tracked players
Signals
12
6 high severity
Market outlook
2031$319
What changed
Demand by region
Asia Pacific demand42%
North America demand24%
Europe demand20%
Latin America demand8%
Rest of world demand6%
share of global demandtotal 100%
Cost drivers
Raw Materials (Natural & Synthetic Rubber, Carbon Black, Steel)65%
Manufacturing Labor & Overhead15%
Energy & Utilities10%
Logistics & Outbound Freight10%
share of delivered cost (analyst estimate)