European tire market to cross €44b by 2021

New York – The European tire market is expected to grow to $49 billion (€44 billion) by 2021, according to a report by market research firm TechSci Research.

Growth, said the report, will be driven by an anticipated stabilisation of crude oil price, rising vehicle sales, vehicle-fleet expansions and implementation of “favourable government policies”.

Europe is home to more than 90 tire manufacturing facilities, 16 research & development centres and 12 leading tire manufacturers.

According to the report, with Europe finally recovering from the 2008 financial crisis, the automotive and tire…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with