The "Pakistan Rubber Tyre and Tube Market: Opportunity Analysis and Industry Forecast, 2018-2025" report has been added to ResearchAndMarkets.com's offering.
Pakistan rubber tyre and tube market size was valued at $ 762.7 million in 2017, and is projected to reach $ 2.77 billion by 2025, registering a CAGR of 17.4% from 2018 to 2025.
A tyre is a component fitted around the rim of a wheel to transfer the load of a vehicle from the axle to the ground. Rubber tyre consists of tread, jointless cap piles, beads, and other materials, which include synthetic rubber, carbon black, and fabric. The major function of the tyre is to protect the wheel rim and offer tractive force between the road surface and the vehicle. Since, it is manufactured from rubber, it also provides a flexible cushion, thereby reducing the impact of the vibrations and absorbs the shock of the vehicle. There is an exponential increase in the demand for tyre due to the rise in vehicle production in Pakistan to cater the increase in requirement of vehicles across all segments. Thus, the tyre demand is ultimately governed by automobile production.
The seats used in most of the passenger and light commercial vehicles have main parts that includes tread, textile cord ply, liners, and beads. The combination of such components are responsible for ripping the road and providing directional stability and wear-and-tear resistance.
Source Benzinga