The number of enterprises in the UK rubber tyres and tubes industry stood at approximately 27 in 2023. From 2024 to 2028, forecasts indicate a consistent decrease, trending from 25 enterprises in 2024 to just 15 by 2028. The year-on-year variation shows a decline rate of 8% in 2025, an 11.5% drop in 2026, a 10% decrease in 2027, and a sharp 16.7% in 2028. The compound annual growth rate over this period paints a grim picture of the industry's contraction.
Future trends to watch include the industry's response to environmental regulations, the impact of technological advancements in tyre manufacturing, and shifts in transportation demand influenced by electric vehicle proliferation and shared mobility solutions.
