Global demand for tires is forecast to rise 4.3 percent per year to 2.9 billion units in 2017. In value terms, sales of tires are projected to increase 7.9 percent annually to $276 billion in 2017.

1. World Tires to 2017
by
Freedonia Group
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2. World Tires to 2017
The collection of ‘Tires’ market research reports has a new addition of “World Tires to
2017” on RnRMarketResearch.com.
World demand to rise 4.3% annually through 2017
World demand for tires is forecast to rise 4.3 percent per year to 2.9 billion units in 2017.
In value terms, sales of tires are projected to increase 7.9 percent annually to $276 billion
in 2017. Global growth in the tire market will continue to be led by developing countries in
the Asia/Pacific region, particularly China and India. Worldwide demand for tires will also
be supported by improved economic conditions in advanced countries in Western Europe
and North America, but gains in these regions will continue to trail the global average.
Asia/Pacific region to claim two-thirds of total growth
The Asia/Pacific region will be responsible for the bulk of global tire demand gains,
accounting for two-thirds of total growth through 2017. China is the largest market for tires
in the world, representing 25 percent of global demand in 2012. Growth in demand for
tires in China will not be able to match the especially rapid gains posted over the 20072012 period, as expansion of both motor vehicle production and motor vehicle usage will
decelerate.
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3. World Tires to 2017
Gains in North America, Western Europe to lag
The markets for tires in North America and Western Europe will show improvement
relative to the 2007-2012 periods, but gains will remain below two percent per annum in
both regions through 2017. Stronger economic environments will result in advancements
in both new vehicle production and vehicle usage, supporting growth in demand for tires.
However, slow population growth and mature rates of personal motor vehicle usage will
serve to constrain market gains.
Table of Contents
Overview 31
General 31
Regional Overview 32
Demand 32
Production 37
Production Capacity 39
International Trade 41
Demand by Market 43
Light Vehicle 45
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4. World Tires to 2017
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