Michelin-truck

Global truck tire market to grow 4% to 2027

Michelin-truckLeatherhead, UK – Global truck tire demand is set to show 3.5% year-on-year growth over the next 10 years, according to Smithers Rapra.

In a new market report, the research firm estimates that the value in this market will come in at $107.6 billion this year and then reach $152.4 billion in 2027.

“Volume consumption of all truck tires will increase at a rate of 3.2% per year from 2017–2027, according to the market study. This estimate, it noted, allows…

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