Global Automotive Tire Service Market Growth (Status and Outlook) 2024-2030

Global Automotive Tire Service Market Growth (Status and Outlook) 2024-2030

Automobile tire service mainly refers to the provision of tire retreading/repairing, dynamic balancing and other services. Among them, tire retreading is a process of reprocessing old tires that have been worn but still have intact structures to restore some or all of their performance. This method saves resources and also extends the life of the tire.

The global Automotive Tire Service market size is projected to grow from US$ 6675 million in 2024 to US$ 7486 million in 2030; it is expected to grow at a CAGR of 1.9% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Automotive Tire Service Industry Forecast” looks at past sales and reviews total world Automotive Tire Service sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive Tire Service sales for 2023 through 2029. With Automotive Tire Service sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Tire Service industry.

This Insight Report provides a comprehensive analysis of the global Automotive Tire Service landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Automotive Tire Service portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Tire Service market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive Tire Service and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive Tire Service.

United States market for Automotive Tire Service is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

China market for Automotive Tire Service is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Europe market for Automotive Tire Service is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.

Global key Automotive Tire Service players cover Bosch, Bridgestone, Michelin, GoodYear, Marangoni, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2023.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Tire Service market by product type, application, key players and key regions and countries.

Segmentation by Type:
Tire Balancing
Tire Retreading

Segmentation by Application:
Heavy Commercial Vehicles
Light Commercial Vehicles
Passenger Cars
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Segmentation by Type:
Tire Balancing
Tire Retreading

Segmentation by Application:
Heavy Commercial Vehicles
Light Commercial Vehicles
Passenger Cars
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Bosch
Bridgestone
Michelin
GoodYear
Marangoni
Continental
TreadWright
Truflex Pang
Shing Tak Group
Jiffy Lube

Please note: The report will take approximately 2 business days to prepare and deliver.