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In addition, escalating preference for second-hand cars among the middle class & lower-income population is also playing a crucial role in the market expansion. Report Highlights. Global Automotive Smart Tire Market to Reach $ Billion by Market Report Coverage - Automotive Smart Tire Market. Automotive Tires Market is poised to grow at CAGR of 3 % by Factors driving Automotive Tires Market are growing focus toward a fuel economy.

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Market Overview: The global tire market reached a volume of 2, Million units in Looking forward, IMARC Group expects the market to reach 2, The global tyre market attained a volume of million units in driven by growing demand from the developing regions and rising technological. In late , Smithers published the Future of Global Tires to report, which sized the tire market at over billion units in , with topline volume.

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The global OTR tires market was valued at USD billion in and is expected to grow at a CAGR of % during the forecast period. Tire Market Key Segments Increased demand is a result of increasing global vehicle use prompted by rising levels of income, leading to higher rates of vehicle. Few of Sources of Secondary Research ; 1, Japan Automobile Tire Manufacturers Association (JATMA), 11 ; 2, European Tire and Rubber Manufacturers Association,