Asia-Pacific Tire Market Impact and Forecast by 2024

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Asia-Pacific (APAC) Automotive Tire Market
Growth, Segments, Size, Industry Analysis and
Opportunities 2024
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The Asia-Pacific automotive tire market attained
sales of 1,080.5 million units in 2018 and is
predicted to reach sales of 1,826.8 million units
by 2024. According to the estimates of PS
Intelligence, a market research firm based in
India, the market would progress at a CAGR of
9.1 between 2019 and 2024. The soaring tire
replacement rates and the rapidly expanding
automotive industry across the world are the main
factors driving the progress of the market. The
rapid growth of the automotive industry is one of
the biggest factors fueling the advancement of
the APAC automotive tire market. The Asia-Pacific
region is the biggest automobile manufacturing
region in the world. This region is home to
numerous global automotive parts and components
and vehicle manufacturing firms. The rapid
manufacturing of light commercial vehicles in
several countries is a key factor driving the
growth of the automotive industry. Request to
Get the Sample Report_at_ https//www.psmarketresearc
h.com/market- analysis/apac-automotive-tire-marke
t/report-sample In addition to this, the
large-scale usage of radial tires in passenger
vehicles is further pushing up their sales in
the region. The Asia-Pacific automotive tire
market recorded the highest growth in China in
the past and this trend is likely to continue in
the years to come. This would be a result of the
fact that the country is an automobile
manufacturing center and is home to a huge
customer base of passenger vehicles in the
world. Hence, it is quite clear from the above
paragraphs that the market would demonstrate huge
expansion all over the world in the coming
years, mainly because of the surging
manufacturing of automobiles, especially
passenger cars and light commercial vehicles, and
the increasing vehicle tire replacement rate
across the world.
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• Market Segmentation by Vehicle
• Two-Wheelers
• Passenger Cars
• Light Commercial Vehicles
• Medium and Heavy Commercial Vehicles
• Market Segmentation by Design
• Radial
• Bias
• Market Segmentation by End Use
• Original Equipment Manufacturer (OEM)
• Aftermarket
• Market Segmentation by Country
• China Automotive Tire Market
• By vehicle
• By design
• By end use
• Japan Automotive Tire Market

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• Australia Automotive Tire Market
• By vehicle
• By design
• By end use
• Malaysia Automotive Tire Market
• By vehicle
• By design
• By end use
• Taiwan Automotive Tire Market
• By vehicle
• By design
• By end use
• Rest of APAC Automotive Tire Market
• By vehicle
• By design
• By end use
• This study covers

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