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 • Passenger Car TYPE Year Range MEXICO REPLACEMENT TIRE MARKET • Light Commercial • Radial Vehicle (LCV) • Bias Review Period • Medium and Heavy SALES CHANNEL Commercial Vehicle • Offline 2016 – 2019 (M&HCV) • Online Base Year • Off the Road (OTR) 2020 • Two-Wheeler Estimated Year REGION PRICE SEGMENT • Central Mexico 2021 • Ultra Budget • Central North Forecast Period • Budget • North 2022 – 2026 • Premium • South Mexico 8 Automotive © TechSci Research 8