The global automotive tire market is valued at $121.6 billion in 2019 and is expected to reach $154 billion by 2027, with an average annual growth rate of 4.1% from 2020 to 2027. By vehicle type, the passenger car segment had the highest sales contribution in 2019. It accounts for $800.3 billion and is expected to reach $110.47 billion by 2027, with an average annual growth rate of 4.1% over the forecast period. In 2019, the Asia Pacific region is expected to occupy a major market share.
A full report of Automotive Tire Market is available at: https://www.orionmarketreports.com/automotive-tire-market/30095/
Automotive Tire Market Segmentations
By Season Tire Type
• Summer
• Winter
• All Season
By Vehicle Type
• Passenger Car
• Commercial Vehicle
• Light commercial
• Heavy commercial
• Electric Vehicle
By Rim Size
• Less than 15
• 15 to 20
• More than 20
By Distribution Channel
• OEM
• Aftermarket
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