Automotive & Mobility Components · Direct
Monitoring · monthly
Procurement 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%

What changed

Supplier watchlist

7 tracked