The global tire market is estimated to reach US$271 billion in 2024, growing at a CAGR of 2.45% for the period spanning from 2020 to 2024. The factors such as diminishing rural workforce and escalating population are expected to drive the market. However, growth of the industry will be challenged by declining net farm incomes, high volatility and tighter government and environmental regulation. ..
A tire is an important component in automobiles and to meet the rising demand for automobiles, sale of tire is growing rapidly. A tire supports the weight of car, reduces the impact from the road and at the same time, tran ..