Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Automotive Tire Market PR | Page 2

important country specific markets in this region are Indonesia and Thailand. During the forecast period, this market is expected to grow at a CAGR of 4.66%. Regional Analysis: North America is the second largest regional market that is expected to grow at 4.46% CAGR during the forecast period. In this region, the market is growing due to amplified sales of vehicles, demand for fuel efficient products, investments from many top giants owing to stringent government regulation, and upsurge in demand for the new vehicles. The most important country-specific markets in this region are the United States of America (USA) and Canada. US market is expected to grow at 4.60% CAGR during the forecast period and its worth is expected to be US $ 44.87 bn. Europe is significant as a regional market because due to high density of population, high disposable income & purchasing power of people, and technological advancement that is second only to North America. The crucial country-specific markets in this region are France, Germany, and the United Kingdom (UK), followed by the rest of Europe. In Latin America, the strong economies that can be ideal markets are Argentina and Brazil, followed by the rest of Latin America. The MEA region shows limited market with slow and steady growth. The reasons for the slow market growth in this region are lack of awareness, lack of education, lack of technological development, political instability. Browse Full Report on Automotive Tire Market @ https://www.marketresearchfuture.com/reports/automotive-tire-market-2253 ……. Continued About Us: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Market Research & Consulting Services. CONTACT US: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India [phone] [email protected]