Automotive OE Tyres and Wheels Market | Growth Projections and Innovations 2025 - 2032
Automotive OE tyres and wheels market will reach at an estimated value of USD 135.62 billion and grow at a CAGR of 3.25% in the forecast period of 2021 to 2028. Introduction The Automotive OE Tyres and Wheels Market plays a pivotal role in the overall automotive industry, influencing vehicle performance, safety, and fuel efficiency. OE (Original Equipment) tyres and wheels are the components installed in vehicles during the manufacturing stage. Unlike aftermarket products, OE tyres and wheels are designed to meet stringent specifications laid out by automotive manufacturers, ensuring compatibility, performance, and safety. With the automotive industry undergoing significant transformations driven by electric vehicles (EVs), sustainability initiatives, and advanced mobility solutions, the demand for high-quality tyres and wheels is witnessing steady growth. The need for improved vehicle dynamics, enhanced comfort, and optimized fuel economy is encouraging manufacturers to i...