The Brazil Tire Market is sub-segmented into Passenger Cars, Commercial Vehicles, Electric Vehicles and Luxury/Premium Vehicles.
Brazil Tire Market to reach US$ 9.05 Billion by 2027
The Brazil Tire Market Size reached US$ 6.29 Billion in 2021. Brazil is home to one of the most pre-eminent automotive markets, including tire is the significant component of a vehicle interacting with the road. In terms of annual new registrations, the characteristics of tires mainly influence the performance of a vehicle. Tires affect a vehicle's traction, handling, ride comfort, and fuel consumption. A tire is a ring-shaped component surrounding a wheel's rim to transfer the vehicle's weight from the axle into the wheel to the ground and provide traction on the surface.
