Prices and profitability could be impacted by intense competition. As of 2022, automotive tire sales have been valued at US$ 472.9 billion. Global demand for automotive tires is anticipated to extend at a 6.3% CAGR between 2023 and 2033. Consumers are increasingly favouring larger tires for his or her sporty looks and improved efficiency. It is projected that a market share of eighty four.3% is going to be attained by passenger autos from 2023 to 2033. China tyre manufacturers compete better with their global counterparts owing to cheaper logistics, leading to extra exports exterior their boundaries. Increased production and adoption…