Expansion of Global Rubber Tyre Industry is Forecast to Reach 4.5% P.A.

Date: 2015-08-12

“The expansion of the global rubber tyre industry is forecast to reach 4.5% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 9.3%. Currently, new pneumatic rubber tyres for cars account for 45.4% of the global demand while the remaining market share is divided between new pneumatic rubber tyres for lorries and buses (32.6%), new pneumatic rubber tyres for motorcycles (1.6%), new pneumatic rubber tyres for bicycles (1.2%), new pneumatic rubber tyres for aircraft (0.5%), other new pneumatic rubber tyres (14.5%), retreaded rubber tyres (0.5%), camelback strips for retreading rubber tyres (0.1%), cushioned and solid rubber tyres (1.5%), rubber inner tubes for motor vehicles (0.7%), rubber inner tubes for bicycles (0.6%), other rubber inner tubes (0.7%).

China, Germany, India, Indonesia and the United States represent the largest rubber tyre markets while the strongest annual growth is forecast to occur in Senegal (32.0%), Morocco (14.6%), Bolivia (13.0%), United States (10.9%) and Jordan (9.4%).”

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