New Report Values UK Tyre Market at £1.36 Billion

The latest report released by Dublin based company Research and Markets indicates that the UK market for tyres and tubes was worth an estimated £1.36 billion at manufacturers’ selling prices in 2007. This figure represents a 5 per cent increase over the previous year and 15.3 per cent on the market in 2003. Local production continues to decline but is more than compensated by strong exports.