Latin Tyre Expo to Draw Attention to Growth in Latin American Tire Market

The Latin American Tire Expo which is scheduled to be held from June 6 to 8 at the ATLAPA Convention Center in Panama city is expected to draw significant attention to the immense potential for growth in the Latin American tire market. Over 200 tire and retread manufacturers and distributors drawn from different parts of the world are expected to return to Panama this year for the event which is recognized as the leading tire related event in the region.

The Latin Tyre Expo is the only tire show in Latin America that has been endorsed by the U.S. Department of Commerce. According to the organizers, the market research firm Statista has projected that by 2020, the demand for tires in Latin America will reach 173 million units. The expo will be devoted completely to tires and all the participants are companies that have been certified as tire dealers or companies that deal with tire related equipment. The organizer of the show, Latin Expo Group LLC holds a separate show devoted to auto parts and such companies are not allowed to participate in this show.

One of the key topics for discussion at the show will be retreading. The event will be attended by several prominent players in the segment including Tire Retread & Repair Information Bureau, Vipal Cauchos, Retreading Business Ltd., Hules Banda S.A. de C.V., Industrias de Hule Galgo S.A. de C.V., Elgi Rubber Co. LLC, Industrias del Neumatico S.A.U. – Insa Turbo Tyres, Lakin Tire West, and others.