The Global Automotive Tire Market Is Expected to Reach $257.5 Billion by 2021
According to a new market report published by Lucintel, the future of the global automotive tire market looks promising with opportunities in the passenger car and light commercial vehicle. The global automotive tire market is expected to reach an estimated $257.5 billion by 2021 and it is forecast to grow at a CAGR of 4.6% from 2016 to 2021. The major drivers of growth for this market are increasing vehicle production, increasing demand for less rolling resistance tires led by...
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