The global tire market is growing fast. In 2022, it was worth about $126 billion. Experts think it will reach over $176 billion by 2027.
One big reason for this growth is that more people around the world are buying cars. More cars mean more tires are needed. Governments also want cars to be safer and use less fuel. This makes tire makers work hard to meet these rules. Tire companies are also trying to be kinder to the Earth. […]
In January 2025, Enso Tyres Ltd., a London-based company, teamed up with i247 Group to make special tires for electric vehicles (EVs) more available across the UK.
This partnership means that Enso’s EV tires will now be offered at over 4,000 fitting centers, including well-known places like Halfords. Enso’s tires are designed to help EVs go farther and reduce pollution. Tests showed that these tires can increase an EV’s range by up to 10% and cut down on tiny particles released into […]
The U.S. automotive aftermarket is growing fast. Experts predict it will be worth nearly $535 billion in 2024. What Are The Numbers For the Future
Why is this happening? What can you do? The automotive aftermarket is changing quickly. By staying informed and taking action, you can benefit from these trends. Works Cited “Automotive Aftermarket Industry Analysis 2023.” AAPEX, 16 Aug. 2023, https://www.aapexshow.com/blog/automotive-aftermarket-industry-analysis-2023/Knapp, Gavin. “Key Takeaways from the SEMA Market Report.” MOTOR, 20 Nov. 2024, https://www.motor.com/2024/11/key-takeaways-from-the-sema-market-report/
How to Win in the Auto Aftermarket—Even When the Economy Fights Back
The auto parts industry is under pressure. Supply chains are still a mess. Prices are rising. But here’s the twist—business is booming anyway. Experts say the U.S. automotive aftermarket will hit $535 billion in 2024. Online sales alone are growing at 9% per year. So, while some companies struggle, others are thriving. The question is: […]
Advance Auto Parts’ Strategic Overhaul: Navigating Store Closures and Market Realignment
In a decisive move to address financial challenges, Advance Auto Parts has announced plans to close over 700 locations, including 523 corporate-owned stores, 204 independently operated outlets, and four distribution centers, by mid-2025. This strategy aims to stabilize the company’s finances following a reported $6 million loss in the third quarter of 2024, with revenues […]
In 2024, the tire industry saw big changes. CEAT, an Indian tire company, bought the Camso brand from Michelin for $225 million. This deal helps CEAT make more tires for big machines like tractors and bulldozers.
At the same time, Sumitomo Rubber closed its tire factory in Tonawanda, New York. This meant 1,550 workers lost their jobs. The company said it was because of money problems and old equipment. Many tire companies are now trying to make their products in ways that are better for the environment. They are using new […]
Revving Up the Past: The Booming Aftermarket for Vintage Vehicles
Classic cars from before 1990 are making a big comeback. Owners love their style and history. But keeping these old cars running can be tough. That’s where the growing aftermarket industry steps in, offering new parts to keep these vintage rides on the road. Why It’s Important • Preserving History: These cars are a piece […]
Jaguar’s New Concept Model in Action: Stunning 3D Animation Paired with Luxury Wheels
The future of luxury cars is here. The new Jaguar concept model is making waves, and we’ve taken it to the next level with a high-end 3D animation that showcases its sleek design paired with luxury aftermarket wheels. This isn’t just another car render—this is the future of automotive videography and digital marketing for wheel […]
How Viral Wheel Videos Drive Sales: The Power of High-Impact Content for Wheel Brands
Ever wonder why some wheel brands sell out while others sit in stock? The answer isn’t just quality! It’s content. High-performance wheel videos and engaging wheel content can make all the difference. In the age of social media and eCommerce, a strong wheel marketing funnel is the key to success. Why Wheel Brands Need High-Impact […]
The Evolving Landscape of E-Commerce: Opportunities and Strategies for Future Growth
The e-commerce industry has transformed the way consumers purchase goods, leveraging digital channels to offer convenience and accessibility. Its rapid ascent has been driven by widespread broadband internet access, the proliferation of smartphones, and innovations in product delivery, including on-demand warehousing, last-mile delivery, increased automation, and crowdsourced delivery methods. These advancements have made online shopping […]