Tires are a kind of product that characteristically have a very limited scope of innovation and are heavily dependent on its allied automotive industry performance. As per the research conducted by Actual Market Research, titled Global Tire Market Overview, 2026, the market is evaluated to be selling more than 2000 Million units as of 2020. As per and is expected to grow at a CAGR of more than 6% in terms of value from 2021 to 2026.

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