Global TBR market to reach $152.4 billion by 2027

6th November 2017 | 0 Comments

Smithers’ “The Future of Global Truck Tires to 2027” research reports that the value of this sector will reach $107.6 billion in 2017. With year-on-year growth forecast at 3.5 per cent across the next decade, this will reach $152.4 billion in 2027. After adjusting for price and raw material fluctuations, gains in tyre manufacturing productivity, and then consumer potential of greater value adding features; volume consumption of all truck tires will increase at a rate of 3.2 per cent per year from 2017–2027.

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Category: International News, Product News

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