2 years ago

Brazil Tire Market, Size, Industry Trends, Share, Growth, Impact of COVID-19, Forecast 2022-2027

Brazil's automotive industry has become the most significant market globally, and tire is the circular vehicle component in Brazil automotive market. Since the tire is manufactured from rubber, it also provides a flexible cushion, reducing the impact of the vibrations and absorbing the vehicle's shock. The primary function of the tire is to protect the wheel rim and offer attractive force between the road surface and the vehicle. Brazil is amongst the ten countries where the most number of cars was registered in 2020. Brazil Motor Vehicles Sales was 155,081 Units in September 2021, compared to 172,778 units in August 2021, as per CEIC data. As per Renub Reseaerch research findings, Brazil Tire Market will reach US$ 9.05 Billion by 2027.

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