Favorable Government Regulations Pushing Demand in KSA Tire Market
According to a report by Persistence Market Research, "Kingdom of Saudi Arabia (KSA) Market Study on Tire: Industry Analysis and Forecast, 2016–2026", the market is estimated to reach the value of US$ 2.12 Bn at the end of 2016, rising at a CAGR of 10.8% for the forecast period of 2016-2026. The market trend is expected owing to the favorable government regulations and rising demand for passenger cars in the Kingdom of Saudi Arabia (KSA).
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