Global automotive tires market is expected to grow at a CAGR of 8.22% through 2024
12/16/2019 - Pune, India - The global Automotive Tires market is expected to grow at a CAGR of 8.22%, during the forecast period, 2019-2024 according to www.marketinsightsreports.com
Bridgestone Corp., Continental Automotive AG, Cooper Tire & Rubber Company, Goodyear Tire & Rubber Company, Hankook Tires Group, Michelin Tires, MRF (Madras Rubber Factory Limited), Pirelli & C SpA, Apollo Tires, Yokohama Rubber Co. Ltd.
The demand for retreading of tires is increasing at a significant rate. The retreading of tires helps to reduce the operating cost significantly in the aftermarket, as it helps to prevent the tires from a complete replacement, and thereby, is a cost-effective option. The casings can help to provide multiple life cycles, resulting in significant cost saving, especially for the commercial fleet operators.
Additionally, there is an e...
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