Global Automotive Tire Market Trends, Demand and Forecast To 2022
Posted: Apr 11, 2019
Global Automotive Tire Market
The report published by Market Research Future (MRFR) projects that the global automotive tire market to expand moderately at a CAGR of 4.48 percent during the forecast period of 2017-2023 and reach the market valuation of 262.72 Bn by the end of the review period from USD 203.14 Bn in the year 2017. Rapid expansion of automotive industry, high demand for heavy-duty tires for passenger as well as commercial vehicles, increased tire manufacturing due to the availability of cheaper raw materials and increased export and import activities of automotive tires are majorly fueling the growth of the global automotive tire market during the assessment period.
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Global Automotive Tire Market: Segmental Analysis
The global market for automotive tire is segmented on the basis of section width, type, end market, and vehicle type. Based on type, the global automotive tire market has been segmented into bias and radial. Among these, the radial segment commands the major market share of the global automotive tire market and is expected to retain its dominant position over the global market during the forecast period. Based on section width, the global automotive tire market has been segmented into>230mm,
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