Asia Pacific Tire Market Research Report by Opportunities, Challenges, Risks, Competitive Landscape and Forecast to 2027
According to the latest report by IMARC Group, titled “ Asia Pacific Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ”, the Asia Pacific tire market size reached 1,170 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 1,520 Million Units by 2027 , exhibiting a growth rate (CAGR) of 4.7% during 2022-2027. APAC Tire Market Growth Drivers: The elevating demand for first and second-hand cars in countries such as India, China, Indonesia, Malaysia, etc., is among the key factors driving the Asia Pacific tire market. Moreover, the inflating investments towards several infrastructure projects, including bridges, roads, tunnels, etc., to improve transport connectivity are further catalyzing the market across the region. Besides this, the growing automobile production and the expanding fleet size are acting as significant growth-inducing factors. Additionally, the rising usage of both light and heavy commercial vehicles in const...