The global tyre market reached a volume of 3.2 Billion Units in 2019, growing at a CAGR of around 4% during 2014-2019. Looking forward, the market is expected to continue its moderate growth during the next five years., according to a new report by IMARC Group.
Tyres represent one of the essential components in the automotive industry. They are strong and flexible, and are manufactured using synthetic, natural rubber and various chemicals. They are attached to the rim of the wheel and serve as a cushion for minimizing the impact of vibrations. They are durable, shock-absorbent and provide traction between the road surface and the vehicle. Currently, tires are available in various sizes and types, depending on the requirement of vehicles.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/tyre-manufacturing-plant
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