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Industrial tyre demand increasing at 3.5% CAGR

Author: Chris Anthony Comments: 0
(Source: Research and Markets)

The latest data suggests that the global market for port and industrial tyres was worth around US$8.8 billion in 2023. From here, it is projected to reach US$11.2 billion by 2030, growing at a compound annual growth rate (CAGR) of 3.6 per cent 2023 and 2030, according to Research and Markets.

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