Report: HP tires market to reach €69bn by 2022

Leatherhead, Surrey – The high-performance (HP) tire sector will to continue to outpace the overall tire market over the next five years to 2022, according to a study by Smithers Rapra.

In the report, titled “Future of high-performance tires to 2022”, the HP tires market is estimated to grow at 6.3% year-on-year to 2022, reaching a market value of $74.7 billion (€69 billion), up from $54.9 billion in 2017.

Light vehicles, said the study, contributed to 56% of the total HP market value and are “where the…

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