The global market for Tyres is projected to reach 2.5 billion units by 2022. In the new market research on Tyres by Global Industry Analysts, Asia-Pacific represents the largest and fastest
growing market worldwide. The growth in this region is led by strong demand for automobiles, rising auto- mobile per capital ownership among the growing base of middle-class population; emergence of China, India, Thailand and Indonesia as global hubs for automobile component manufacturing; growing consumer preference for high quality, energy efficient tyres; and increase in R&D investments and innovation in tyre technologies as a result of stringent tyre labelling legislations. Tapping into Asia-Pacific's growth potential, Tyrexpo Asia serves as a vital meeting hub for regional suppliers and buyers from Asia-Pacific.
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