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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 52
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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 52
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Indian tire industry poised for continued growth after 2023 surge

Tire Review Magazine

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. billion by the 2028 financial year. Vehicles such as buses and trucks require robust and durable tires to handle heavy loads and endure long-distance travel.

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South African tire market balances production growth and import challenges

Tire Review Magazine

2017 2018 2019 2020 2021 2022 Production 9,501,090 9,298,132 9,154,485 6,482,598 7,950,523 8,162,609 Installed Capacity 11,606,944 12,093,318 12,354,734 11,741,817 11,970,098 10,125,400 Capacity Utilization 81.9% 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

2017 2018 2019 2020 2021 2022 Production 9,501,090 9,298,132 9,154,485 6,482,598 7,950,523 8,162,609 Installed Capacity 11,606,944 12,093,318 12,354,734 11,741,817 11,970,098 10,125,400 Capacity Utilization 81.9% Ranging from 7.18% to 43.60%, anti-dumping duties will remain in place until July 2028.