|By PR Newswire||
|March 26, 2014 05:38 PM EDT||
DUBLIN, March 26, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/sxw5f7/india_tyre_market) has announced the addition of the "India Tyre Market Forecast and Opportunities, 2019" report to their offering.
(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )
According to the India Tyre Market Forecast & Opportunities, 2019, radialization of tyres in medium and heavy commercial tyre segment is very low, especially in light commercial vehicles. Various government projects like Golden Quadrilateral project, North-south and East-West corridors and various state highway projects that have been planned and are being executed, are significantly boosting the demand for radial tyres in the country. Also, stringent laws on overloading by the government are expected to put pressure on transporters for using radial tyres instead of traditional cross ply tyres, further boosting the demand for radial tyres in the India tyre market.
Indian automobile sector is one of the largest automobile markets in the world, which makes the country one of the largest consumer markets for tyres as well. The country's automobile market exhibited a CAGR of about 11% during 2009-13. The expansion of the Indian consumer market, rising per capita income, and the increase in the supply of vehicle models for the domestic market are the major factors attracting tyre manufacturers and retailers into the market. Majority of tyre demand in 2013 emanated from the replacement market as OEM demand for tyres was affected due to sluggish growth of Indian automobile sector. However, it is forecast that the anticipated recovery of Indian automotive sector coupled with massive vehicle population of India would significantly drive the demand for tyres in the OEM as well as replacement market.
The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with tyre manufacturers, distributors and industry personnel. Secondary research included an exhaustive search of relevant publications like newspapers, websites, and proprietary databases.
Key Topics Covered:
1. Executive Summary
2. India Tyre Market Outlook
3. India Replacement Tyre Market Outlook
4. India Passenger Car Tyre Market Outlook
5. India Commercial Vehicle Tyres Market Outlook
6. India Two-Wheeler Tyre Market Outlook
7. India OTR Tyres Market Outlook
8. India Three Wheeler Tyre Market Outlook
9. Tyre Trade
10. Raw Material Analysis
11. Market Dynamics
12. Policy & Regulatory Landscape
13. India Economic Profile
14. Market Trends & Developments
15. Competitive Landscape
16. Strategic Recommendations
17. Research Methodology
- Apollo Tyres Limited
- Balkrishna Industries Limited
- CEAT Limited
- Falcon Tyres Limited
- Goodyear India Limited
- Govind Rubber Limited
- JK Tyre & Industries Limited
- Kesoram Industries Limited
- MRF Limited
- TVS Srichakra Limited
For more information visit http://www.researchandmarkets.com/research/sxw5f7/india_tyre_market
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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