全球轮胎市场报告(2012-2016年)
Tires, which constitute one of the most crucial components of automobiles, are manufactured using several type of raw materials. The Global Tire market caters to various vehicle segments such as the Two-wheeler, Passenger Car, Truck and Bus, Light Commercial Vehicle, and Tractor segments. The demand for tires largely depends on the demand for automobiles and vice versa. Therefore, an increase in demand for vehicles by default translates into an increase in demand for tires. Technological advancements constitute another factor that drives the Global Tire market to grow.The Global Tire market is currently growing at a steady pace. The production of tires has recently gained momentum, and the demand for tires is expected to increase during the period 2012-2016. In terms of geography, the APAC region is currently the largest market for tires, followed by the EMEA region and then the Americas. The overall market, which is highly fragmented owing to the presence of numerous vendors, is expected to grow at a CAGR of 6.32 percent during the forecast period.