The production value of rubber tyres and tubes in Italy has exhibited an upward trend, with minor fluctuations. From 2013 to 2023, the value rose from 3.63 to 4.74 Billion Euros, indicating a steady growth. The recent data of 2023 shows a year-on-year increase of 2.45%, marking a continued positive trend following a slight dip in 2021 (-9.4%). The CAGR over the last five years was 2.37%, reflecting a consistent rise despite occasional declines.
Looking ahead, forecasted data from 2024 to 2028 project continued growth, with the production value expected to reach 5.29 Billion Euros by 2028. The forecasted five-year CAGR stands at 1.74%, indicating moderate but steady growth, totaling an 8.98% increase over the period.
Future trends to watch for include advancements in tyre technology, shifts towards environmentally friendly materials, and potential impacts from automotive industry changes such as increased electric vehicle adoption, which could affect demand for specific types of tyres and tubes. Monitoring these trends will be crucial for market players in strategically positioning themselves for future opportunities.
