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The Chinese Tire Market was valued USD 28.19 Billion in 2019 and is projected to grow at CAGR of over 6% during the forecast period to reach USD 36.82 Billion by 2025, owing to increasing sales of automobile and growing replacement tire demand in the country.
Rising demand for automobiles in most of the countries is leading to higher production in China. China is a leading exporter of automobiles to most of the regions across the globe, with the country being the largest exporter of automobiles to Middle East. High and rising vehicle production in China is expected to continue boosting the demand for tires in the OEM tire segment. ....

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