9 9 © TechSci Research Automotive Review Period 2016 – 2019 Base Year 2020 Estimated Year 2021 Forecast Period 2022 – 2026 Year Range A 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 the air is held under pressure inside the tire . Since tire production began, natural rubber has been extensively used in the fabrication of tires . However, modern tires make use of materials like synthetic rubber, fabric, steel wires, carbon black, etc . , adding advanced characteristics to the tires . Market Segmentation REGION • East • North • Northeast • South Central • Southwest • Northwest • Truck • Bus/Van VEHICLE TYPE DEMAND CATEGORY • OEM • Replacement TIRE CONSTRUCTION TYPE • Radial • Bias PRICE SEGMENT • Budget • Ultra - Budget • Premium Scope of Report Product of Interest (POI): Commercial Vehicle Tire