The Automotive Wheels for Passenger Vehicles Market is thriving as demand for lightweight, durable, and aesthetically pleasing wheels increases. Innovations in materials and manufacturing processes enhance vehicle efficiency and safety. The growing production of passenger vehicles and consumer preference for custom and stylish wheels are significant market drivers.
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Tire Retail Market Is Anticipated to Witness High Growth Owing to Expanding Automotive Production

The Global Tire Retail Market is estimated to be valued at US$ 224.52 Bn in 2025 and is expected to exhibit a CAGR of 4.7% over the forecast period 2025 to 2032.
The tire retail market encompasses the sale of new and replacement tires for passenger cars, light commercial vehicles, trucks, buses, and specialty equipment through brick-and-mortar outlets, e-commerce platforms, and direct-to-consumer channels. These products include all-season, winter, summer, and performance tires, each designed to deliver optimal grip, fuel efficiency, and longevity in diverse road conditions. Advanced tire blends and tread patterns offer enhanced safety, reduced rolling resistance, and lower noise levels, addressing evolving market trends toward sustainability and performance.
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Automotive Engineering Services Market: Size, Trends, and Growth Outlook

The Global Automotive Engineering Services Market size is estimated to be valued at USD 132.12 billion in 2025 and is expected to reach USD 260.76 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.2% from 2025 to 2032. Automotive Engineering Services Market Growth reflects dynamic market drivers including rising demand for fuel efficiency, electrification, and regulatory pressures. The expanding market scope is shaped by comprehensive market insights revealing increasing collaborations among automotive OEMs and engineering service providers focused on reducing product development cycles. The market report further emphasizes key market segments such as ADAS development, powertrain engineering, and vehicle electrification services contributing to the overall industry size.

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The Rapid Growth of the Automotive Cloud Market is driven by Connected Vehicle Tech

The automotive cloud market involves software and platforms that allow automakers to access scalable computing power and storage remotely through cloud computing. It enables automakers to develop and deploy connected vehicle services, collect diagnostic data, update firmware, and offer entertainment features over-the-air.

Automotive cloud platforms help automakers securely store, analyze and leverage this data. This is fueling growing Automotive Cloud Market Demand for clouding computing services in the industry.

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