Tyre manufacturing market in the United Kingdom to grow 4.9% CAGR between 2014-19
Tyre Manufacturing in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-31 12:34:02
The sale of new vehicles and the manufacture of those vehicles are two key determinates of industry performance. British tyre manufacturers depend on revenue inflows from the sale of tyres to vehicle manufacturers for installation on new automobiles, or to vehicle equipment wholesalers for onward sale to end consumers as replacements. Changes to either the total volume of vehicle manufacturing output, or the number of cars on British roads that require tyre replacement have a decisive effect on the UK Tyre Manufacturing industry.
That is why the economic downturn of 2008, which curtailed consumer spending on new vehicles and induced a reduction in vehicle manufacture, was bad news for the industry. Luckily, the number of cars on the roads did not change dramatically in the wake of the downturn, helping to sustain demand for industry products from tyre wholesalers.
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