Global Automotive Tires Market
Automotive Tires Market Size And Forecast
According to Verified Market Research, Global Automotive Tires Market is expected to grow at a CAGR of 7.87% from 2019 to 2026.
Global Automotive Tires Market Outlook
The increasing production of automotive in developing countries coupled with the improving economies of emerging countries is boosting the demand for automotive tires. The development of high-performance tires has increased the performance and life cycle of tires. The high-performance tires are more suitable for rough terrains compared to conventional tires. However, fluctuation in the raw material prices and inappropriate management of supply and demand of raw material is likely to hamper the growth of the market. Moreover, increasing expenditure in the construction sector and rising vehicle motorization rates are impacting positively on the production of a commercial vehicle, thereby booming the growth of the market.
Global Automotive Tires Market Competitive Landscape
The Global Automotive Tires Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as Bridgestone Corp., Cooper Tire & Rubber Company, Continental Automotive AG, Goodyear Tire & Rubber Company, Hankook Tires Group, Michelin Tires, MRF, Pirelli & C SpA, Apollo Tires, and Yokohama Rubber Co. Ltd.
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