Europe Automotive Tire Market to Reach $26,327.8 Million By 2024
The European automotive tire market size is likely to reach $26,327.8 million by 2024 and is expected to grow with a CAGR of 4.5% during the forecast period.
The development of the automobile industry in Europe is the key contributor to the growth of the tire market in the region. Additionally, with the increasing average lifespan of vehicles due to technological advancement, the replacement market of automotive tires is expected to boost enormously, leading to the growth of the overall tire market in Europe, according to P&S Intelligence.