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The growing electric vehicles market is expected to drive the tyre market in the coming years. Governments, globally, is incentivising the use of electric vehicles by the implementation of stricter emission laws and providing subsidies to both the manufacturers and consumers. By 2030, electric vehicles are expected to account for 15-30% of the total vehicle sales.
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Tyre Market Size, Share, Growth Analysis, Forecast 2021-2026
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Tyre Market Size, Share, Growth Analysis, Forecast 2021-2026

The global tyre market is being driven by the rising demand of the product across the world. In 2017, China was the leading tyre market accounting for almost 49% of the global tyre industry