All-Weather Tire Market to touch USD 328.20 Billion by 2032: An Upsurge in Demand Likely Due to Versatility and Sophistication in Tire Technologies | Report by SNS Insider [Yahoo! Finance]
CONTL AG S/ADR (CTTAY)
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Source: Yahoo! Finance
Austin, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Market Size and Growth Forecast | Trends impacting market growth The All-Weather Tire Market is supposed to reach a value of around USD 328.20 billion by 2032, exhibiting a CAGR of 5.3% during the forecast period from 2024 to 2032 driven by improving technology in tires and developing vehicle ownership in the world. The North America region is dominated the market, held a 50-60% of the global market in 2023. China will be growing at a CAGR of 7.01% over the forecast period and will hold maximum share in APAC region. Government Initiatives and Support Driving All-Weather Tire Market Growth Some of the recent developments in sophisticated tread patterns and proprietary rubber compounds are contributing to growth in the All-Weather Tire market. Apart from that, regulatory support for better vehicle safety with improved environmental standards accelerates the adoption of these multi-purpose tires. The European market witness's considerable
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