Development of autonomous vehicles, the rising recognition of pickup trucks, and excessive buying energy are expected to be other significant trends which would possibly be anticipated to govern automotive tire sales. Increasing give attention to sustainability is projected to drive demand for retreaded tires in the United States. APACis estimated to contribute 42% to the growth of the global market in the course of the forecast period. Technavio’s analysts have elaborately defined the regional tendencies and drivers that shape the market in the course of the forecast interval. The APAC market is flourishing due to a burgeoning automotive industry and escalating car demand. The presence of major manufacturers like Great Wall Motors, Toyota, Hyundai, and Tata in China, Japan, South Korea, and India respectively, solidifies APAC as a pivotal tire manufacturing hub.
Connected tires, geared up with sensors and communication technologies, drive automotive trade developments. Real-time monitoring of tire stress, …
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