Report: Global tire volume to reach 2.7 billion units by 2022

Leatherhead, UK – Global tire market volume is poised to show 3.4% compound annual growth rate between 2017 and 2022, to reach 2.7 billion units, according to Smithers Rapra.

In a report titled “The future of global tires to 2022”, Smithers Rapra said growth would be faster in value terms, due to “a firmer raw material-price outlook than in the recent past.”

Market value, which currently stands at $223 billion (€189 billion), is expected to rise to $267 billion in 2022 – a 3.7% compound annual growth…

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