Automotive Tire Market Size Is Anticipated To Reach USD 374.22 Billion By 2024: Grand View Research Inc.
San Francisco, 25 March 2019: The Report Automotive Tire Market Analysis By Type (Radial and Bias), Application (Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles and Two Wheelers) And Segment Forecasts To 2024 The global Automotive Tire Market size is expected to reach USD 374.22 billion by 2024 according to a new report by Grand View Research, Inc. Increasing automotive sales especially in countries such as China, India, Japan, and South Korea is anticipated to favorably impact the global automotive tire market over the forecast period. This growth can be attributed to rising disposable income and improvement in the overall lifestyle of consumers. Technological proliferation and the development of the innovative and environment-friendly green tires have opened up broad growth avenues for the industry participants. Moreover, increasing radial tire up gradation activities owing to its benefits such lesser vibrations, reduced fuel consumption and extended tir