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Original equipment tyre market to grow 5.5% to 2021


The global market for original equipment (OE) tyres is projected to grow by 5.48 per cent from 2016 to 2021.

Indian research group ‘Markets and Markets’ says that this will be driven by demand for improved fuel economy, low rolling resistance tyres, eco-friendly and smart tyres. Their report, titled: ‘Tyre Market For OE & Replacement’ forecasts that passenger cars will be the largest vehicle type to drive growth.