|By PR Newswire||
|April 1, 2014 08:00 PM EDT||
DUBLIN, April 2, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/f3qgc6/russia_tyre) has announced the addition of the "Russia Tyre Market Forecast & Opportunities to 2018" report to their offering.
Russia is the one of the best performing economies in Europe and the country's disposable income is increasing fast. However, the vehicle density in Russia is very low, with only 290 cars per 1000 people during 2012. The low density of vehicles in the country indicates scope for growth. As a result, several foreign automobile manufacturers are focusing on setting up new plants in Russia or expanding their existing production capacity. The growth in the country's automotive industry would directly boost the tyre market.
According to Russia Tyre Market Forecast & Opportunities to 2018, the tyre market in Russia is expected to grow at the CAGR of approximately 13%, in terms of volume. The tyre market growth will continue to be driven by the passenger car segment, which accounted for the majority share in Russia's tyre market during 2012. The tyre market is also witnessing high growth in the OTR segment as a result of growth in Russia's mining industry. Several companies such as Bridgestone, Belshina, Yokohama, Nizhnekamskshina, etc. are increasing their focus on this segment to capitalize the market potential.
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 includes an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
Key Topics Covered:
1. Executive Summary
2. Global Tyre Market Outlook
3. Global Replacement Tyre Market Outlook
4. Russia Tyre Market Outlook
5. Russia Replacement Tyre Market Outlook
6. Price Point Analysis
7. Raw material Analysis
8. Trade Dynamics
9. Market Dynamics
10. Policy & Regulatory Landscape
11. Market Trends & Developments
12. Russia Economic Profile
13. Competitive Landscape
14. Strategic Recommendations
15. Research Methodology
- Altai Tyre Company JSC
- Belshina's Open Join Stock Company
- Bridgestone CIS LLC
- Continental Tires RUS LLC
- Goodyear Russia LLC
- JSC Cordiant
- JSC Nizhnekamskshina
- Michelin Russia Tyre LLC
- Nokian Tyre PLC
- YOKOHAMA Russia LLC
For more information visit http://www.researchandmarkets.com/research/f3qgc6/russia_tyre
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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