The forecast for sold production of new pneumatic rubber tyres for motor cars in Germany suggests a steady decline from 2024 to 2028, decreasing from 45.169 million items to 37.051 million. In 2023, actual production stood at approximately the same level as in 2024. The year-on-year decrease is around 4.58%, highlighting a continuous downward trend over the forecasted period. The compound annual growth rate (CAGR) for 2024-2028 projects an average decline of approximately 4.83% per year.
Future trends to watch for include potential impacts of sustainability movements leading to shifts in consumer preferences towards electric vehicles with specialized tires, regulatory changes affecting automotive industries, and emerging technologies in tyre production that could alter market dynamics.
