Press release
Top Tires Companies in the World 2024 | IMARC Group
Tire manufacturing is a complicated process that involves several stages before reaching the finished product. It entails the selection and processing of raw materials, such as natural rubber, synthetic rubber, carbon black, and a variety of other chemicals, which are then mixed to form a rubber compound with the desired attributes such as durability, traction, and thermal resistance. The compound is then subjected to various shaping and curing procedures that make use of molds and heat to give the tire its final form and structure. After curing, the tire is inspected and tested to verify if it fulfills the quality requirements before being delivered to distribution facilities.
The global tire market size reached US$ 164.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 256.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032.
Request to Get the Sample Report: https://www.imarcgroup.com/tyre-manufacturing-plant/requestsample
Many tire producing companies are frequently investing in research and innovation to better their product's performance, toughness, and efficiency. They are working on creating eco-friendly tires that make use of sustainable materials and manufacturing techniques to help reduce the environmental effect related to the production of tires. Also, companies like Michelin and Bridgestone are at the top of this trend as they are engaging in technologies like silica-based compounds and energy-efficient production procedures to make tires that have fewer rolling resistance and longer tread life. They are also concentrating on tire design innovations by using sophisticated tread patterns and materials that help in optimizing momentum, handling, and fuel efficiency.
Another major focus for tire producers is to make use of digital technology and data analytics tools to better their manufacturing operations and improve customer experience and satisfaction. For example, Continental and Goodyear are employing modern technologies, like smart manufacturing efforts that make use of the Internet of Things (IoT) gauges, machine learning (ML) computer programs, and cloud computing to track and evaluate production data in actual time. They use insights that are data-driven to discover inefficiencies, predict maintenance needs, and improve the quality and performance of tires. Also, digitization provides better coordination with supply chain partners and offers tailored services for companies, such as automatic upkeep and tire management systems. Furthermore, tire manufacturers are actively involved in addressing emerging challenges, like tire recycling and circular economy initiatives. They are allocating funds to technologies to recycle tires into new materials or repurpose them for other applications. Bridgestone, for instance, has launched initiatives like the "Bridgestone Group Global Sustainable Procurement Policy" to promote responsible sourcing and sustainable practices across its supply chain.
Top Tire Companies/Manufacturers in the World:
• The Michelin Group
• Bridgestone Corporation
• Continental AG
• The Goodyear Tire and Rubber Company
• Sumitomo Corporation
• Pirelli Tyre S.p.A
• Yokohama Tire Corporation
• Hankook Tire and Technology Co., Ltd.
• Toyo Engineering Corporation
• Kumho Tyre (Australia) Pty Ltd.
Explore Complete Blog by IMARC Group: https://www.imarcgroup.com/tire-manufacturing-companies
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
The global tire market size reached US$ 164.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 256.8 Billion by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032.
Request to Get the Sample Report: https://www.imarcgroup.com/tyre-manufacturing-plant/requestsample
Many tire producing companies are frequently investing in research and innovation to better their product's performance, toughness, and efficiency. They are working on creating eco-friendly tires that make use of sustainable materials and manufacturing techniques to help reduce the environmental effect related to the production of tires. Also, companies like Michelin and Bridgestone are at the top of this trend as they are engaging in technologies like silica-based compounds and energy-efficient production procedures to make tires that have fewer rolling resistance and longer tread life. They are also concentrating on tire design innovations by using sophisticated tread patterns and materials that help in optimizing momentum, handling, and fuel efficiency.
Another major focus for tire producers is to make use of digital technology and data analytics tools to better their manufacturing operations and improve customer experience and satisfaction. For example, Continental and Goodyear are employing modern technologies, like smart manufacturing efforts that make use of the Internet of Things (IoT) gauges, machine learning (ML) computer programs, and cloud computing to track and evaluate production data in actual time. They use insights that are data-driven to discover inefficiencies, predict maintenance needs, and improve the quality and performance of tires. Also, digitization provides better coordination with supply chain partners and offers tailored services for companies, such as automatic upkeep and tire management systems. Furthermore, tire manufacturers are actively involved in addressing emerging challenges, like tire recycling and circular economy initiatives. They are allocating funds to technologies to recycle tires into new materials or repurpose them for other applications. Bridgestone, for instance, has launched initiatives like the "Bridgestone Group Global Sustainable Procurement Policy" to promote responsible sourcing and sustainable practices across its supply chain.
Top Tire Companies/Manufacturers in the World:
• The Michelin Group
• Bridgestone Corporation
• Continental AG
• The Goodyear Tire and Rubber Company
• Sumitomo Corporation
• Pirelli Tyre S.p.A
• Yokohama Tire Corporation
• Hankook Tire and Technology Co., Ltd.
• Toyo Engineering Corporation
• Kumho Tyre (Australia) Pty Ltd.
Explore Complete Blog by IMARC Group: https://www.imarcgroup.com/tire-manufacturing-companies
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
