Rubber Tire Market: An Insight On the Important Factors and Trends Influencing the Market 2021-2031
Rubber Tire Market: Introduction According to the report, the global rubber tire market is projected to surpass US$ 209 Bn by 2031 , expanding at a CAGR of ~4% during the forecast period. Rise in sale of passenger and commercial vehicles across the globe is likely to propel the rubber tire market across the globe. Increase in small- and medium-scale industries across the globe is likely to boost manufacturing industries, which, in turn, is projected to fuel the rubber tire market across the globe. In addition, surge in transportation across the globe is likely to fuel the demand for light and heavy commercial vehicles across the globe, which, in turn, is likely to increase the demand for rubber tires across the globe. Rubber tires have a high aftermarket demand, owing to the requirement of periodic replacement. An increasing number of on-road trucks in developing regions such as Asia Pacific, Latin America, and Middle East & Africa is...