Latin America & Caribbean Automotive Tire Market was US$ 3.96 Billion in 2023 and will grow US$ 5.38 Billion by 2032, with a CAGR of 3.46% from 2024 to 2032. The market is expanding as a result of factors like rising tire manufacturer competition, increased automotive production and sales across all vehicle segments, and the use of cutting-edge technologies in the manufacturing process.