Scope of Report Product of Interest (POI): Tire Tire is a ring like component that encircles the vehicle’s rim and meets the ground. Tires are filled with compressed air to provide a gripping surface for traction on the surface over which the vehicle travels. Most vehicles are equipped with pneumatic tires where air is held under pressure inside the tire. Since tire production began, natural rubber is extensively used in fabrication of tires. However, the modern tires make use of materials like synthetic rubber, fabric, steel wires, carbon black, etc. adding advanced characteristics to thetires. Market Segmentation VEHICLE TYPE TIRE CONSTRUCTION TYPE AUSTRALIA TIRE MARKET • Passenger Car • Radial Year Range • Light Commercial • Bias Vehicle (LCV) SALES CHANNEL • Offline Review Period • Medium and Heavy • Online Commercial Vehicle REGION 2016 – 2019 (M&HCV) • Northern Territory Base Year • Off the Road (OTR) • New South Wales 2020 • Two-Wheeler • Victoria Estimated Year PRICE SEGMENT • Tasmania 2021 • Ultra Budget • Queensland • Western Australia Forecast Period • Budget 2022 – 2026 • Premium • South Australia • Australian Capital Territory 8 Automotive © TechSci Research 8