Summer Tire Market: Is Estimated To Rise In The Near Future 2020–2030
Summer Tire Market : Introduction Summer tires are standard tire fitments on vehicles. Summer tires have high market potential due to their extensive usage across all types of vehicles such as passenger and commercial. Key Drivers of Summer Tire Market Rise in sales of passenger vehicles owing to increased consumer affordability in developing countries is boosting the summer tire market. Summer tires are extensively utilized worldwide and are replaced by winter tires only in countries where the use of winter tires is mandatory during the winter months. Thus, summer tires witness high demand among OEMs and the aftermarket globally. Increase in consumer awareness about maintenance of vehicle and periodic replacement of tires has propelled the aftermarket demand for summer tires. Rise in average age of vehicles and increase in number of average annual miles driven worldwide is driving the summer tire market. Radial tire segment to hold leading share of global summer tire market The ...