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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.

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.

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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. They are using new materials that are better for the environment. For example, some are using natural rubber from plants like dandelions. Others are using recycled materials to make new tires.

Smart tires are another cool idea. These tires have sensors that can tell if the road is wet or icy. They can help cars stop safely in bad weather. Goodyear is working on these smart tires to make driving safer.

In short, the tire industry is changing a lot. Companies are making tires that are safer, smarter, and better for our planet.

Works Cited

“Size of the automotive tire market worldwide 2022-2027.” Statista, https://www.statista.com/statistics/1228044/global-automotive-tire-market-size/
“Sustainable materials in cars of the future.” Continental Tires,
https://www.continental-tires.com/stories/sustainable-materials-in-cars/
Hawkins, Andrew J. “Goodyear’s smart tires can sense rain and ice for improved emergency braking.” The Verge, 7 Jan. 2025,
https://www.theverge.com/2025/1/7/24336892/goodyear-tire-sightline-aeb-rain-snow

By JACK

Jack Nalbandian is the CEO of Hatch Pro Media. The company makes videos and helps wheel and automotive brands grow. Jack works hard to help automotive industry find new customers online. The goal is to make viral videos that people remember. Hatch Pro Media helps brands stand out and do their best.

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by JACK

Last Updated February 14, 2025

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