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According to the latest report by MarkNtel Advisors, titled “Latin America Tire Market By Vehicle Type (Passenger Car, Commercial Vehicle, Two Wheeler, Three Wheeler), By Price Category (Budget, Economy, Premium), By Sales channel (Online, Direct Sales, Multi-Brand Stores, Exclusive Outlets), By Demand Type (OEM’s, Aftermarket), By Tire Type (Radial, Bias), By Rim Size (Up to 12”, 12.1” to 15”, 15.1” to 18”, 18.1” to 20, 20.1” to 22.5”, 22.6” to 26”, 26.1” to 35”, 35.1” to 47”, Above 47), The Latin America Tire Market size is projected to grow at a CAGR of around 2.6% during the forecast period, i.e., 2024-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Base Year: 2023
Forecast Period: 2024-30
Historical Data: 2019-22
CAGR (2024-2030): 2.6%
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-By Vehicle Type
Amongst all vehicle types, Medium & Heavy Commercial Vehicles are anticipated to dominate the Latin America Tire Market with the largest share during 2024-30.
-By Demand Category
Here, the mounting demand for aftermarket tires across Latin America is anticipated to contribute substantially to the expansion of the tire market across the region through 2030.
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/latin-america-tire-market-analysis.html
-By Tire Type
-By Sales Channel
-By Price Category
-By Country
Amongst all countries across Latin America, Mexico is expecting rapid growth in the tire market over the forecast years.
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Latin America Tire Market Share Latin America Tire Market Trends Latin America Tire Market Growth
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