In 2023, the tyre cord fabric market in Germany was valued at 117.62 million Euros. From 2024 to 2028, the market is projected to decline annually, with values dropping each year: 111.02 million Euros in 2024, 104.47 in 2025, 97.975 in 2026, 91.549 in 2027, and 85.186 in 2028. This represents a negative year-on-year percentage change, indicative of a declining market trend.
Future trends to watch for include:
- Emerging innovations in tyre technology potentially impacting demand.
- Sustainability measures influencing material selection and market dynamics.
- Regulatory changes affecting production and material standards within the EU.
- Global economic factors, such as raw material cost fluctuations, affecting regional markets.
