According to Russia’s Tatneftekhiminvest-Holding, the global automotive tyre market (covering all on-road applications) was worth around US$250 billion in 2025. Looking forward and drawing upon information from numerous sources, the entity behind Ikon Tyres and Kama shares its expectation that the global automotive tyre market will grow steadily to approximately $401.9 billion by 2034, implying a compound annual growth rate (CAGR) of 5.4 per cent between 2026 and 2034.
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