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FINANCIAL NEWS
Saudi’s tyre market predictions to raise at 11%
09 Oct 2016
(MENAFN) Reports said increasing automobile sales attached with growing vehicle fleet will drive the Saudi Arabian tyre market to rise of more than 11% between 2016 and 2021.
Moreover, developing macroeconomic scenario, growing vehicle fleet, increasing automobile sales and favorable government plans are some of the basic reasons expected to push the request for tires in the country during the next 5 years.
In addition, the growing sales of customer cars and profitable vehicles in the country rose at a CAGR of 8.91% within the era of 2011-2015.
More News
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