The report “Automotive Tire Market by Type (Radial, and Bias/Cross ply), Section Width (<200 mm, 200-230 mm, and >230 mm), Aspect Ratio (<60, 60-70, >70), and Aftermarket (Radial, and Bias/Cross Ply) – Global Trends and Forecast to 20199”, defines and segments the Automotive Tire Market with analysis and forecast of the global market size, in terms of volume and value.
The Asia-Oceania region comprises countries such as China, India, and Japan. The region is dominated by developing countries such as India and China, where the automotive industry is growing at a rapid rate. The increasing number of vehicle manufacturing facilities due to low production costs, increasing production capacity, and growing demand for light and heavy vehicles is driving the market for automotive tires in these countries. The Automotive Tire Market in the Asia-Oceania region is projected to grow at a CAGR of 6.16% from 2014 to 2019.