You are here: / / / Industrial tyre demand increasing at 3.5% CAGR

Industrial tyre demand increasing at 3.5% CAGR

Author: Chris Anthony Comments: 0
(Source: Research and Markets)

The latest data suggests that the global market for port and industrial tyres was worth around US$8.8 billion in 2023. From here, it is projected to reach US$11.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.6 per cent 2023 and 2030, according to Research and Markets.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Goodtyre Presses Forward Into Europe
  2. Shandong Yinbao Tyre Group Spreads Its Wings
  3. Trelleborg appoints EMG for industrial tyre PR
  4. Continental shows high-performance port products in Hamburg
Comments
Comments closed
Share this entry
JK Tyre reports moderate revenue & profits in challenging Q2 2025 JK Tyre merging Cavendish subsidiary

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.