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Indian tire industry poised for continued growth after 2023 surge

Tire Review Magazine

Source: Automotive Tire Manufacturers Association of India. Indian tire demand is expected to grow by a compounded annual growth rate (CAGR) of more than 7% during the next five years to reach 290 million units in the 2028 financial year. Source: Society of Indian Automobile Manufacturers. billion by the 2028 financial year.

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S&P Global Mobility: Average vehicle on road is 12+ years old

Tire Review Magazine

The average age of cars and light trucks in the U.S. With more than 110 million vehicles in that sweet spot – reflecting nearly 38% of the fleet on the road – we expect continued growth in the volume of vehicles in that age range to rise to an estimated 40 percent through 2028.” has risen again to a new record of 12.6 in January 2023.

Vehicle 40
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S&P Global Mobility: Average vehicle on road is 12+ years old

Tire Review Magazine

The average age of cars and light trucks in the U.S. With more than 110 million vehicles in that sweet spot – reflecting nearly 38% of the fleet on the road – we expect continued growth in the volume of vehicles in that age range to rise to an estimated 40 percent through 2028.” has risen again to a new record of 12.6 in January 2023.

Vehicle 40
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South African tire market balances production growth and import challenges

Tire Review Magazine

Source: South African Tyre Manufacturers Conference (SATMC), the industry body representing the four tire-producing companies in South Africa. Source : South Africa Tyre Manufacturing Council. Ranging from 7.18% to 43.60%, anti-dumping duties will remain in place until July 2028.

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South African tire market balancing production growth and import challenges

Tire Review Magazine

Source: South African Tyre Manufacturers Conference (SATMC), the industry body representing the four tire-producing companies in South Africa. Source : South Africa Tyre Manufacturing Council. Ranging from 7.18% to 43.60%, anti-dumping duties will remain in place until July 2028.

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Beontag, Michelin partner on integrating RFID-enabled tires to vehicles

Tire Review Magazine

That includes manufacturing, distribution, installation, and recycling. This durability includes the retreading process, critical for truck tires. This innovative solution ensures compliance with the EU’s Ecodesign for Sustainable Product Regulations (ESPR), which mandate Digital Product Passports (DPPs) for tires by 2028-2030.

Vehicle 52
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Beontag, Michelin partner on integrating RFID-enabled tires to vehicles

Tire Review Magazine

That includes manufacturing, distribution, installation, and recycling. This durability includes the retreading process, critical for truck tires. This innovative solution ensures compliance with the EU’s Ecodesign for Sustainable Product Regulations (ESPR), which mandate Digital Product Passports (DPPs) for tires by 2028-2030.

Vehicle 52