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The automotive premium tires market size is forecast to increase by USD 37.39 billion at a CAGR of 11.54% between 2023 and 2028. The market is experiencing significant growth, driven by several key trends and challenges. One trend is the increasing adoption of 3D printing technology in tire manufacturing, which enables the production of customized and lightweight tires. Another trend is the rising demand for two wheeler tires, particularly in emerging economies, due to the growing popularity of two-wheeler vehicles. Moreover, the tire building machinery market is witnessing automation, leading to increased efficiency and improved tire quality. Raw materials, particularly rubber, play a crucial role in tire manufacturing, and price fluctuations can significantly impact the market. The increasing demand for environment-friendly tires is also a major trend, with manufacturers focusing on developing tires made from sustainable materials. Overall, the market is poised for growth, with these trends and challenges shaping its future trajectory.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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