According to 6Wresearch, Philippines tire market revenues are projected to grow at a CAGR of 13.3% during 2019-25. The vehicle ownership ratio in the country is very low which offers high growth potential for the automotive industry to flourish in the country. Moreover, the consumers are shifting towards green vehicles in place of fuel passenger cars. This would increase the production of green vehicle and eventually would boost the sales of tires during the forecast period.
Check Our Press Release:- Philippines Tire Market
"Philippines Tire Market (2019-2025)" report provides an in-depth analysis in more than 60 figures and 5 tables covered in more than 100 pages. The report estimates and forecast the overall Philippines tire market by vehicle types, tire types, and origin. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
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