Spain Automotive Tire Market Outlook

spain's automotive tire market is projected to witness steady growth due to increasing vehicle production and sales, stringent emission norms and rising consumer preference for comfort and safety. due to the country's high dependence on imported automotive tires, it is expected that the demand for domestically manufactured tires would increase in the coming years. furthermore, the spanish government is actively encouraging automotive tire manufacturers in the country in order to increase the tire industry’s contribution to the economy. the government has recently revised the 'strategy for the automotive industry' in order to promote better environmental practices, emphasizing the use of tires with sustainable lifespans, low noise emission levels, and lower rolling resistance. this will likely drive the demand for advanced tires featuring complex tire structures and lightweight material in the country over the coming years. obsolete tyres and their replacement is expected to remain a strong driver for the automotive tire market in spain due to the need for constant renewal of the vehicles' tires and the increasing number of vehicles on the roads each year. in addition, the adoption of advanced technologies such as electric vehicles and autonomous vehicles is expected to witness an increasing trajectory during the forecast period. as a result, the requirement for tires with high durability, enhanced comfort and better handling capabilities is projected to increase. the government is actively encouraging the automotive industry to invest in the latest manufacturing technologies such as 3d printing and computer-aided engineering (cae). this is expected to offer a fillip to the tire industry by enabling companies to design and develop advanced tire components for enhanced performance and durability. in spain, several tire manufacturers are introducing self-monitoring systems such as tpms, which allow drivers to get information about the real-time pressure of their tires. these systems help to identify under-inflation, over-inflation, and other tire issues, further enhancing vehicle safety. as a result, the tires market in spain is expected to show positive growth during 2018-2032.