Automotive Tire Aftermarket Market Worth $159Bn, Globally, by 2028 at 6% CAGR - Exclusive Report by

Category: Automobile

The Insight Partners published latest research study on “Automotive Tire Aftermarket Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Tire Type (Radial Tire and Bias Tire), Distribution Channel (OES and IAM), and Rim Size (13–15, 16–18, 19–21, and more than 21[NM1] [PS2] )”, the global automotive tire aftermarket market growth is driven by the surge in adoption of electric vehicles to provide growth opportunities and rising demand for fuel-efficient tires. Asia Pacific dominated the market in 2020 with a share of 35.5% and is expected to hold leading position by 2028. Europe is the second-largest contributor to the global market in 2020, followed by North America.