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Showing posts with the label UK Tire Market share

Tire Market in UK to Cross £4.2 billion by 2021 | TechSci Research

According to TechSci Research report,  “ United Kingdom Tire Market  Forecast & Opportunities, 2021 ” , tire market in the United Kingdom is forecast to surpass US$ 6 billion (£4.2 billion) by 2021. Moreover, the country’s tire market would continue to be dominated by the replacement segment over the next five years. Major factors driving the replacement market include declining replacement period of tires, expanding automotive fleet size and increasing online tire sales in the country. In 2015, the country’s tire market was dominated by the passenger car tire segment, which accounted for more than 80% of the total tire demand in the UK, followed by light commercial vehicle and medium & heavy commercial vehicle tires. A major portion of demand for tires in the country emanates from London and South East regions due to their large automobile fleet size and high level of urbanization. Read Detailed News @ https://www.techsciresearch.com/news/810-tire-market-in-uk-to-c...