Global tyre demand to accelerate

Global tyre demand to accelerateGLOBAL tyre demand to accelerate World demand for tyres is forecast to rise 4 .7% per year through 2015 to 3.3 billion units according to US research firm Freedonia Group. In value terms, the tyres market is projected to advance 6.5% annually over the same span to US$ 220 billion.

The large vehicle tyre market will see an acceleration in growth through 2015. Stronger gains will be registered by the industrial and other tyre segment, which include a variety of types including bicycle, motorcycle and off-road tyres. (PRA)