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FINANCIAL NEWS
UAE’s tire market to grow by 5pct
31 Oct 2016
(MENAFN) The UAE tire market is predicted to grow at over 5 percent amid 2016-2021, on account of expanding sales of automobile, growing purchasing power of people.
Meanwhile, passenger car fleet size in the country reached 1.96mn units in 2014 and is predicted to grow in the coming years.
Moreover, the country is anticipated to undergo major infrastructure transformations in energy, communication, transport and others.
In addition, this is predicted to enhance demand for automobiles and tires in the country in medium to long term.
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