TWO-WHEELER TIRE MARKET FORECAST WITH A CAGR OF 10 PERCENT THROUGH 2023


TWO-WHEELER TIRE MARKET FORECAST WITH A CAGR OF 10 PERCENT THROUGH 2023 

 The two-wheeler tire market is poised to grow by $4.53 billion during 2019-2023, progressing at a CAGR of almost 10 percent during the forecast period, according to Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bridgestone Corporation, Continental AG, JK Tyre & Industries Ltd., MRF, TVS Srichakra Limited and ZC-Rubber are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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