In 2023, the production of new pneumatic rubber tyres for buses or lorries with a load index less than 121 in Germany stood at approximately 4.1 million items. The forecasted data shows a steady year-on-year growth with values increasing from 4.3259 million in 2024 to 5.4011 million in 2028. The compound annual growth rate (CAGR) over this five-year period is projected to be approximately 5.4%, indicating a positive trend for the industry.
Future trends to watch for include:
- Technological advancements in tyre manufacturing, potentially leading to more efficient production and improved product quality.
- Changes in regulations and standards that could influence market dynamics and demand.
- Impact of sustainable practices and environmental policies on material sourcing and tyre production processes.