Automotive Tire Market Estimated to Reach $21.6 Billion by 2028
The tires replacement market is projected to grow at a CAGR of 2.0% to reach a market size of USD 21.6 billion by 2028 from 19.6 billion in 2023. The market growth is primarily driven by a growing vehicle fleet, an increase in demand for high-performance tires and increasing average life of vehicles. The number of vehicles on the road is increasing owing to the improving road infrastructure, consumer...