The turnover of rubber tyres and tubes in Spain is forecasted to decrease slightly from 3.36 billion Euros in 2024 to 3.33 billion Euros by 2028. This period denotes a consistent downward trend, with year-on-year variations: -0.30% from 2024 to 2025, -0.30% from 2025 to 2026, -0.30% from 2026 to 2027, and stabilizing at 0.00% from 2027 to 2028. Since 2024, the sector shows an average yearly decline (CAGR) of -0.22% over the forecasted period.
Looking to future trends, it's important to watch for:
- Changes in automotive industry demand and manufacturing capacities.
- Technological advancements in tyre durability and alternative materials.
- Regulatory impacts concerning environmental sustainability and production standards.
- Potential increases in raw material costs or supply chain disruptions.
- Shifts in consumer behavior towards electric vehicles which may impact tyre type and usage.