The European tyre market is set to witness annual growth of around 5% during 2014 and 2019, according to a new report from global market research company TechSci Research.
The sales of passenger cars, light commercial vehicles (CVs) and medium and heavy CVs in Western, Central and Eastern Europe are expected to increase during the period, presenting a promising scenario for tyre suppliers throughout the region during the next five years. Germany, the UK, France, Italy, Spain and Poland are the major markets, contributing more than 60% of the total European tyre sales volume.
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