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Efficiency, innovation and opportunity in the global tyre market

Dan Rogers, Head of Publishing at Smithers Rapra, lays out future possibilities for tyre markets in the automotive industry

Estimated by Smithers Rapra at over 2.2 billion units in 2017, the global tyre market is well positioned for further growth as it adapts to meet challenges across a complex matrix of tyre types, end uses and regional markets. Top-line volume growth is expected to continue, at a 3.4% compound annual growth rate (CAGR) from 2017 through to 2022, according to Smithers Rapra’s latest report The Future of Global Tyres to 2022.

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