The Asia-Pacific (APAC) automotive tire market attained sales of 1,080.5 million units in 2018 and is predicted to reach sales of 1,826.8 million units by 2024. According to the estimates of P&S Intelligence, a market research firm based in India, the market would progress at a CAGR of 9.1% between 2019 and 2024. The soaring tire replacement rates and the rapidly expanding automotive industry across the world are the main factors driving the progress of the market.