Vietnam Automotive Tire Industry – Market Analysis, Size and Share, Growth, Trends, Opportunity, Regional Outlook and Competitive Analysis 2033
A tire is a rubber ring that surrounds a wheel rim and is usually inflated with air to give it traction and shock absorption. Tires are an essential part of a car because they support the weight of the vehicle, transfer braking and traction forces to the pavement, and ensure a safe and comfortable ride. Depending on the kind of vehicle and its intended purpose, they are available in different sizes, tread patterns, and compositions. Transferring a vehicle's load from the axle through the wheel to the ground is their primary duty. Additionally, they offer traction on the terrain that the wheel moves over. When the tire rolls across uneven surfaces, they can absorb shock. According to SPER Market Research, ‘ Vietnam Tire Market Size- By Type, By Rim Size, By Vehicle Type, By Demand Category, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Vietnam Tire Market is estimated to reach USD 1.31 billion by 2033 with a CAGR of 7.91...