The rubber tyres and tubes market in Italy is projected to experience consistent growth over the next five years. Starting from a turnover of 6.67 billion euros in 2024, the market is forecasted to reach 7.05 billion euros by 2028. This demonstrates a year-on-year growth rate of approximately 1.35% from 2024 to 2025, 1.48% from 2025 to 2026, 1.31% from 2026 to 2027, and 1.44% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is approximately 1.39%, indicating a steady and gradual increase in market value.
In 2023, the market stood at 6.57 billion euros. Comparing this to the forecasted 6.67 billion for 2024 shows a year-on-year growth of approximately 1.52%, illustrating a positive growth trend entering into the forecast period.
Future trends to watch for include advancements in sustainable and eco-friendly tyre technologies, the increasing demand for electric vehicles, and potential economic fluctuations or regulatory changes affecting the automotive industry. Keeping an eye on raw material prices and supply chain disruptions will also be critical.
