North America tire market forecast at $90 billion by 2025
1/22/2021 - Selbyville, DE - According to a recent research report titled, 'North America Tire Market Analysis, 2020,' available from Market Study Report LLC, the North American tire market is projected to attain a valuation of $90 billion by the year 2025. As per the report findings, growing sales of passenger cars owing to rising per capita income, expanding vehicle fleet due to robust growth of logistics sector, and increasing production of automobiles are fueling the growth of the North America tire market. Moreover, growing use of off-road and construction vehicles on account of the increasing number of infrastructure projects, along with presence of a large and widespread network of tire distributors and dealers in the region, are other factors contributing the industry growth. Based on vehicle type, the North America tire market is divided int...
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