Europe Specialty Tire Market Size, Share, Industry, Forecast and outlook (2024-2031)
Europe Specialty Tire Market reached US$ 3.2 billion in 2023 and is expected to reach US$ 4.4 billion by 2031, growing with a CAGR of 4.0% during the forecast period 2024-2031. The advancements in commercializing new tire technology will be key to ensure the growth of the European specialty tire market. For instance, in recent months, manufacturers have been integrating pressure monitoring sensors in the tires to comply with upcoming European Union (EU) guidelines about vehicle safety.