Winter Tires also known as snow tires are specialty tires with specific tread design appropriate for traction on snow and ice. These tires can be used in temperatures lower than 7 degree Celsius and are often equipped with metal or ceramic studs that jut out from the tires to further increase traction in condition of closely packed snow or ice. Different countries and regions across the globe have specific ... Read more
In a recent business intelligence study, Fact.MR presents business report highlights the drivers, restraints, opportunities and trends affecting market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume.
The global winter tires market is likely to surpass 319 million units by 2028 – in terms of revenues, this represents a market value worth US$ 43 billion.
The penetration of winter tires continues to gain ground in heavy commercial and light commercial vehicles – a trend that is complementing the steady demand from passenger cars segment. According to Fact.MR study, nearly 220 million ... Read more
