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Tire Industry: Premium Brands Exit Small-Rim Market Amidst Rising Competition
323 Views15 Nov 2024 10:00
In the last couple of weeks, we have heard announcements from Michelin and Sumitomo that they are closing passenger car tire plants in Europe and the United States, respectively. In this article, we examine some of the causes of those closures and what it might mean for the future.
What is covered in the Full Insight:
- Introduction to Trends in the Tire Industry
- Premium Brands' Strategic Shift
- Factory Closures and Market Impact
- The Rise of New Players
- Future Outlook and Analysis
SUMMARY
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