Europe Tire Market Opportunity And Forecast 2027

Europe Tire Market is anticipated to grow with a CAGR of 3.84% during the forecast period, 2023-2027, to achieve a market value of USD57,300.78 million by 2027. The market growth is majorly driven by the increasing sales of automobiles in European countries. The growing number of passenger cars and light commercial vehicles for regular transportation and commute further drives the growth of the Europe tire market in the upcoming five years. Moreover, the surging demand for replacement tires for personal vehicles also supports the growth of the Europe tire market through 2027.

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