DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rczph3/india_tyre_market) has announced the addition of the "India Tyre Market Forecast and Opportunities, 2019" report to their offering.
Indian automobile sector exhibited a CAGR of about 11% during 2009-13 and is one of the largest automobile markets in the world, which consequently makes the country one of the leading tyres markets as well. Rising per capita income and the increase in the supply of vehicle models for the domestic market have been the major factors attracting tyre manufacturers and retailers into the country. Majority of tyre demand in 2013 emanated from the replacement market as OEM demand for tyres was significantly less due to sluggish growth of Indian automotive sector for a last couple of years.
However, it is forecast that the country's automotive sector would witness a recovery, which would significantly drive the demand for tyres in the OEM market. Two-wheeler production is the most dominating segment in the Indian automobile market and accounts for maximum share in the total automobile fleet of the country. As a result, the Indian tyre industry is dominated by two-wheeler tyre segment in terms of volume sales. However, in value terms, other categories account for the largest share of the tyre market due to higher prices compared to two-wheeler tyres.
According to India Tyre Market Forecast & Opportunities, 2019, the level of radialization of tyres in medium and heavy commercial tyre segment continues to be very low. Various government projects like Golden Quadrilateral project, North-south and East-West corridors and various state highway projects are currently in the execution stage, and the completion of these projects is expected to significantly boost the demand for radial tyres in the country in coming years. Also, implementation of stringent laws on overloading by the government are expected to put pressure on transporters for using radial tyres instead of traditional cross ply tyres.
Market Trends
- Automobile Sales Scenario
- Retreading Tyres Market
- Investments in Automotive Sector
- Radialization
Key Topics Covered:
1. Executive Summary
2. India Tyre Market Outlook
3. India Replacement Tyre Market Outlook
4. India Passenger Vehicle 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
Companies Mentioned
- 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/rczph3/india_tyre_market
