According to the latest report by IMARC Group, titled “Tire Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global tire market reached a volume of 2,268 Million Units in 2021. Looking forward, the market is expected to grow at a CAGR of 2.8% during the forecast period (2022-2027).
Tires are ring-shaped flexible and pneumatic structures that are placed around the rim of a wheel. They are manufactured using wire, rayon, natural and synthetic rubber, polyester, steel, silica,...
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