Automotive & Mobility Components · Direct
Monitoring · monthlyProcurement Category Intelligence
Tyres - Light Truck
Overview
Market size
$42.8 billion
global, USD
CAGR
4.2%
base to forecast
Buyer power
-2.1
supplier-favoured
Suppliers
7
tracked players
Signals
12
6 high severity
Market outlook
2031$52.6B
Demand by region
North America demand35%
Europe demand25%
Asia Pacific demand30%
Rest of world demand10%
Cost drivers
Raw Materials (Natural & Synthetic Rubber, Carbon Black, Steel Cord)45%
Manufacturing & Conversion Energy25%
Labor & Plant Overhead15%
Inbound & Outbound Logistics15%