The global car tire market is anticipated to grow at a considerable CAGR of 2.2% during the forecast period (2023-2029). Tire makers are turning to green energy in their production as companies are working to achieve carbon neutrality by 2050, with investments in the direction of zero-carbon technology, energy efficiency, and green energy. For instance, in February 2021, Michelin Group announced that it is working toward making its tires 100% sustainable by 2050. For this, Michelin partnered with various organizations like Axens, IFP Energies Nouvelles, Pyrowave, Carbios, Enviro, and BlackCycle.

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The global car tire market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).  Among these, the Asia-Pacific regional market is expected to cater to prominent growth over the forecast period.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Global Car Tire Market Report Segment

By Tire Type 

Winter Tires
Summer Tires
Others

By Application

On-the-Road
Off-the-Road

By Vehicle Type 

Passenger Cars
Commercial Vehicles

By End-User

OEM
Aftermarket

Global Car Tire Market Report Segment by Region

North America

            United States
            Canada

Europe

            UK
            Germany
            Italy
            Spain
            France
            Rest of Europe

Asia-Pacific

            China
            India
            Japan
            South Korea
            Rest of Asia-Pacific

Rest of the World

            Latin America
            Middle East & Africa

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