Global Tire Material Market Size, Share, Forecast 2023 – 2033

The Global Tire Material Market Size is Anticipated to Exceed USD 144.6 Billion by 2033, Growing at a CAGR of 4.11% from 2023 to 2033. A tire is an important component of a vehicle because it provides a footprint that is proportionate to the vehicle's weight. Most tires, including those found on automobiles and bicycles, are pneumatically inflated structures that provide a strong cushion to absorb shock as the tire rolls over rough terrain.