Research and Markets: Philippines Tyre Market Revenues Anticipated to Reach Up to USD 2.8 Billion by 2018
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/4c7kvq/philippines_tyre) has announced the addition of the "Philippines Tyre Market Forecast & Opportunities, 2018" report to their offering.
“Philippines Tyre Market Forecast & Opportunities, 2018”
Philippines is the one of the best performing economies in Asia. However, the country is still encountering problems of corruption, political instability and high unemployment. The passenger car ownership in Philippines is comparatively lower than many countries in the region, however, this scenario is undergoing a change and the car ownership is expected to increase in the near future. The government of Philippines is taking several initiatives such as easy availability of loans and promoting growth of rubber production etc. which are expected to contribute to the growth of the tyre market. The government plans to increase the natural rubber production in the country from 138,710 hectares in 2010 to over 200,000 hectares by 2016, denoting an annual increase of over 10,000 hectares. There are only few tyre manufacturers in Philippines with Yokohama being the leading manufacturer. Tyre manufacturers are also expected to increase their production over the coming years. The increase in natural rubber production is also likely to draw foreign investments in the country's tyre market.
Philippines Tyre Market Forecast & Opportunities, 2018 report elaborates following particulars:
- Global Tyre Market Size, Share & Forecast
- Philippines Tyre Market Size, Share & Forecast
- Policy & Regulatory Landscape
- Changing Market Trends & Dynamics
- Competitive Landscape & Strategic Recommendations
- Apollo Tyres Limited
- Bridgestone Philippines
- Goodyear Philippines
- Michelin Asia Singapore Co. Pte., Ltd.
- Toyo Tyre and Rubber Company Ltd.
- Yokohama Tyre Philippines, Incorporated (YTPI)
For more information visit http://www.researchandmarkets.com/research/4c7kvq/philippines_tyre
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