ElectricVehicleTrends
Rich Ord -
March 28, 2024
Some business sectors are known for their steady, almost glacial pace of change. The tire industry is characterized by slow growth, low margins, and stability that has persisted for years. With a market value hovering around $50 billion, the tire industry's trajectory mirrors that of the broader automotive sector: modest growth, but not enough to set the world on fire.
According to a CNBC report, tires are often viewed as mere commodities, wit...