Global Market for Tyres projected to reach 2.5 billion units by 2022; Growth to be driven by Green Tyres
The global market for tyres is projected to reach 2.5 billion units by 2022, according to a research done by the Global Industry Analyst, published in June 2016. This growth is driven by the strong focus on fuel efficiency and the resulting demand for low rolling resistance tyres coupled with stringent environment regulations and the ensuing consumer preference for eco-friendly tyres manufactured from recyclable resources. Many tyre manufactures are also launching ultra-fuel efficient tyres with innovative tread pattern designs such as streamlined ribs, blocks, and lugs. Besides launching ultra-fuel efficient tyres, OEMs are also focusing on using tyre performance and efficiency as key engineering parameters that will add value to an automobile brand. The market is also seeing a growing popularity of green tyres in recent years due to the rapid growing concerns over the environmental costs caused by inadequate recycling efforts.
Asia-Pacific Continues to Remain the Dominant Regional Market for Tyres
Asia-Pacific represents the largest and the fastest growing market worldwide, led by rising automobile per capita ownership among the growing middle class population as well as the emergence of China, India, Thailand and Indonesia as global hubs for automobile component manufacturing. Consumers are now gearing towards high quality, energy efficient tyres which results in OEMs increasing their R&D efforts and investments as well as innovation in tyre technologies. This growing needs in quickening R&D efforts were also a result of growing stringent tyre labelling legislations around the world.
Tyrexpo Asia – the one stop marketplace for tyre industry players in Asia Pacific
Held in Singapore, Tyrexpo Asia sits strategically in the mid-point of the growing tyre markets – China, India, Thailand and Indonesia. This allows this leading Asia Pacific tyre show to offer a one-stop marketplace for buyers and sellers in the region to do business, showcase your latest technologies, network, exchange best practices, challenges & solutions, and upcoming industry trends to stay buoyant in this fast changing business climate.
With Singapore being one of the most connected and key market in Asia Pacific to house many R&D efforts and investment, Tyrexpo Asia is no doubt the right location to offer a knowledge sharing platform to the tyre industry in Asia Pacific.
Clear focus on Asia Pacific
Close to 86% of Tyrexpo Asia’s participants are from countries from the Asia Pacific region which clearly demonstrating Tyrexpo Asia’s position as one of the most important meeting point for international suppliers and buyers in Asia.
Top 10 participating countries that you will meet at the show
The Right Audience
With 87% of the trade visitors holding purchasing authority and/ or being in the position to influence and recommend shows that Tyrexpo Asia is the one stop shop in Asia for the Tyre, Workshop Equipment and Tyre Accessories industry.
Trade Visitor's Purpose of Visit
Trade Visitor's Purchasing Authority
What Are Our Visitors Looking For
Visitor's Buying List
With tyres for trucks & buses, passenger cars, OTR & Industrial Tyres, light and heavy commercial vehicles tyres being the majority percentage of products that the visitors are looking for, there was a new profile of products such as tyre repair and changing equipment, wheels & rims, garage & workshop equipment and equipment for tyre production, retreading and vulcanisation. This new attraction came from the 1st launch of the Workshop Equipment and Tyre Accessories zone.