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World demand for tires is forecast to rise 4.3 percent per year to 2.9 billion units in 2017. In value terms, sales of tires are projected to increase 7.9 percent annually to $276 billion in 2017. Global growth in the tire market will continue to be led by developing countries in the Asia/Pacific region, particularly China and India. Worldwide demand for tires will also be supported by improved economic conditions in advanced countries in Western Europe and North America, but gains in these regions will continue to trail the global average.

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