Tag Archives: Tire Industry in US

US Tire Market to Grow at CAGR 5% till 2021: TechSci Report Revealing Market Size, Share, Growth Factors and Figures

According to recently released TechSci Research report, United States Tire Market Forecast and Opportunities, 2021’’, the country’s tire market is projected to grow at a CAGR of over 5%, in volume terms, during 2016-2021, on account of expanding sales of automobiles, growing purchasing power of people and expanding vehicle fleet size. The prominent driver for expanding tire market of United States is rising automobile fleet, as can be witnessed from the fact that it rose from 311.71 million units in 2011 to 321.41 million units in 2015.

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