Tyre Testing Market size is estimated to be USD 1.2 Billion in 2024 and is expected to reach USD 1.8 Billion by 2033 at a CAGR of 5.2% from 2026 to 2033.
The global Tyre Testing Market was valued at approximately USD 3.2 billion in 2022, with a projected compound annual growth rate (CAGR) of 4.8% from 2023 to 2030. The growth is driven by the increasing demand for vehicle safety and regulatory requirements in various regions. In North America, the market accounted for around 25% of the total share in 2022, largely driven by stringent automotive safety standards and technological advancements in tyre testing equipment. The European market also holds a significant share, with a valuation of approximately USD 1.1 billion in 2022, fueled by the increasing adoption of electric vehicles (EVs) and advancements in tyre performance evaluation methods. The Asia Pacific region is expected to witness the highest growth, with an estimated CAGR of 6.1%, reaching a valuation of USD 1.5 billion by 2030, primarily due to rising automotive production and stringent safety regulations in countries like China and India.
The Tyre Testing Market presents multiple opportunities across various regions, with notable growth expected in emerging economies. Latin America and the Middle East & Africa (MEA) regions are also expected to contribute significantly to market expansion. The Latin American market size reached approximately USD 300 million in 2022 and is anticipated to grow at a CAGR of 5.3%. Similarly, the MEA market, which was valued at around USD 200 million in 2022, is projected to grow steadily due to the increasing demand for vehicles and the adoption of advanced tyre technologies. As vehicle production increases globally, the market for tyre testing services is set to expand, providing opportunities for growth in these regions.
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TÜV Süd
Millbrook
TASS International
Calspan
Smithers
vti.se
iCAT
Kistler
INSIA
HASETRI
A＆D Technology
DTC AG
Nokian Tyres
BD TESTING
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Tyre Testing Market
Passenger Car Tyres
Commercial Vehicle Tyres
Two-Wheeler Tyres
Off-Road Tyres
Premises and Industrial Tyres
Destructive Testing
Non-Destructive Testing
Performance Testing
Material Testing
Simulation Testing
On-Road Applications
Off-Road Applications
Specialty Applications (e.g., Racing Tyres)
Aviation Tyres
Industrial Equipment Tyres
Automotive Industry
Aerospace Industry
Construction Industry
Agricultural Industry
Logistics and Transportation Industry
Radial Tyres
Bias Ply Tyres
Run-Flat Tyres
All-Season Tyres
High-Performance Tyres
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Tyre Testing Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Tyre Testing Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Tyre Testing Market, By Type
6. Global Tyre Testing Market, By Application
7. Global Tyre Testing Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Tyre Testing Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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