Do You Know Truck Bus Tires Market Growing in future
The global truck and bus tires market has experienced tremendous expansion and is estimated to continue over the forecast period. Government spending on logistics and transportation is one of the main drivers of this expansion. To improve logistics and transportation, the government of many nations funding in infrastructure projects like building roads and bridges. For instance, to increase the nation's capacity for logistics and transportation, the Indian government is investing $1.4 billion in the "Bharatmata" project, which intends to construct highways and other types of road infrastructure. Similarly, the Chinese government's "One Belt, One Road" plan is estimated to increase demand for truck and bus tires. According to a research report by Astute Analytica, the global Truck and Bus Tire market value was US$ 39,417 million in 2022 and is expected to reach US$ 64,729 million by 2031, growing at a compound annual growth rate (CAGR) of 5.5% over the pro...