Pneumatic Tire Market Scope And Applications Are Rising Enormously Across The Globe
Global Pneumatic Tire Market is expected to reach USD 334.5 billion by 2022. A pneumatic tire is also termed as air-filled tire, which is made of an airtight inner core filled with pressurized air. It may absorb the unevenness of terrain from impacts and cushion the load. The Pneumatic Tire Market is estimated to grow at a significant CAGR over the forecast period as the scope and its applications are rising enormously across the globe. Changing lifestyle, rapid economic growth, growth in high spending by customers, government initiative, and enhancing road infrastructure are documented as major factors of Pneumatic Tire Market that are estimated to enhance the growth in the years to come. However, strict policy against use of pneumatic tires and their disposal are the key factors that may restrain overall market growth in the coming years. Pneumatic Tire Market is segmented based on vehicle type, product type, and region. Aircraft, two wheelers, four wheelers, and other vehicle ...