World Tires

World demand for tires is forecast to rise 4.3 percent per year to 2.9 billion units in 2017. Gains will continue to be led by developing countries in the Asia/Pacific region, particularly China and India. Growth in the dominant motor vehicle market will be driven by increases in motor vehicle usage in developing countries.This study analyzes the 2.4 billion unit world tire industry. It presents historical demand data for 2002, 2007 and 2012, and supply and demand forecasts for 2017 and 2022 by market (e.g., light vehicle, medium and heavy vehicle, motorcycle, industrial), world region, and for 26 countries.The study also considers market environment factors, details industry structure, evaluates company market share and profiles 32 industry competitors, including Bridgestone, Michelin and Goodyear.