Market Mirror Wire

IMARC Group has recently released a new research study titled “ Europe Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 ”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. How much is the tire industry worth in Europe? The Europe tire market size reached 423.6 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 503.5 Million Units by 2028, exhibiting a growth rate (CAGR) of 3.11% during 2023-2028. Industry Overview:  A tire is a rubber-based component fitted around the rim of a wheel to provide traction, support, and cushioning on various types of terrain. Generally made of layers of rubber, fabric, and steel or synthetic cords, tires play a crucial role in a vehicle's performance, including its handling, braking, and fuel efficiency. Modern tires often contain a range of specialized features s

According to the latest report by IMARC Group, titled “Europe Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the Europe tire market share. The report also includes competitor and regional analysis, and contemporary advancements in the market . The Europe tire market size reached 416 Million Units in 2021 . Looking forward, IMARC Group expects the market to reach 488.7 Million Units by 2027 , exhibiting a growth rate (CAGR) of 2.9% during 2022-2027. Industry Overview and Application: A tire is a customized automotive component that is circular in shape and composed of synthetic or natural rubber compound, silica, carbon black, steel wire, etc. It is available in various sizes and bias or radial construction types. Some of the most popular categories of tire models include summer tires, winter tires, all-season tires, SUV or 4X4 tires, etc. They are designed to supp