Hanover, Germany – Continental AG expects demand for passenger car tires and light commercial vehicles replacement tires to grow 3% in 2018, according to its annual report.
“The Asian market is expected to contribute around 60% of this increase, with growth of 5%,” said the German tire and technology supplier.
Market expansion, it added, will be primarily driven by China – as in previous years – with further growth in vehicle parc.
Demand is also forecast to grow in India, Indonesia and South Korea.
In Europe, the company expects…