Monday, October 19, 2020 2:46:56 PM
I am going to assume that they can get to the commercialization stage – tire unit sales WW in 2019 were approximately ~3.2B – that’s with a B.
Cars and light trucks were ~1.8B by themselves.
It doesn’t matter if the Car/SUV/Truck/Trailer/Bike etc is gas, electric or hybrid – they all need tires.
Assuming 1/10 of 1% of tire market – tire unit sales would be 3.2M units – assuming profit of $20/unit under any type of arrangement and you would get $60+M in profit annually – talk about an annuity – figure whatever multiple you want – but this is 1/10 of 1%.
imarc - Tire Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
4. What are the major tire industry trends?
The major trends in the market include the development of green, eco-friendly tires that offer improved performance.
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