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. 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 the tires. Market Segmentation VEHICLE TYPE TIRE CONSTRUCTION PAKISTAN TIRE MARKET • Passenger Car TYPE Year Range • Light Commercial • Radial Vehicle (LCV) • Bias SALES CHANNEL Review Period • Medium and Heavy • Offline 2016 – 2019 Commercial Vehicle • Online (M&HCV) DEMAND CATEGORY Base Year • Off the Road (OTR) • OEM 2020 • Two-Wheeler • Aftermarket Estimated Year PRICE SEGMENT REGION 2021 • Punjab • Ultra Budget • Sindh Forecast Period • Budget • Khyber Pakhtunkhwa 2022 – 2026 • Premium • Others 8 Automotive © TechSci Research 8