The UK import forecast of new pneumatic tyres of rubber for buses or lorries is projected to see a steady increase from 2024 to 2028, starting at $444.22 million in 2024 and reaching $459.69 million by 2028. In 2023, the market stood at approximately $440 million, indicating a gradual upward trend.
Year-on-year variations show incremental growth, with each year experiencing around a 1% increase. Over the five-year forecast period, the compound annual growth rate (CAGR) is expected to hover around 0.9% annually, signifying consistent demand.
Future trends to watch include evolving regulations on vehicle emissions, which may influence tyre specifications, and technological advancements in tyre manufacturing that could impact import volumes and values.
