Rising Utility Vehicles to Create Big Market for Indian Tyre Manufacturers

According to our new research report, “Indian Tyre Industry Analysis”, India is the world’s second most populous and seventh largest country in terms of area and has been witnessing tremendous GDP growth rate for the last few years. This has led to the dynamic developments of various industries, including automobile and tyres. The country’s tyre industry is one of the fastest growing industries globally. Strong developments in all prominent automobile segments have infused tyre demand in the country.

 

As per our findings, the rapid development in the utility vehicle segment is expected to create a big market for tyre manufacturers. As more and more manufacturers of utility vehicles increase their installed capacity in India by opening new plants to meet the rising demand, the production will surge in the near future. On the back of these developments, utility vehicle tyre market is anticipated to grow at a CAGR of more than 16% during FY 2010-2014.

 

Apart from Utility vehicle segment, the report covers the demand potential in other segments like passenger cars, multi-purpose vehicles, commercial passenger carriers, and goods carriers. Besides, the report covers a detailed analysis of different types of tyre industry like radial tyre, tubeless tyre, etc.

 

Our report, “Indian Tyre Industry Analysis”, provides an extensive research and objective analysis of the Indian tyre industry and its different segments. The report presents authentic statistics and information of market structure, tyre production, and demand by segments, exports & imports trends till FY 2014. It also features a detail outline of import procedure for raw materials and tyres in the country. Forecasts for market potential have also been covered for radial tyre industry and tubeless tyre segments to empower clients with cutting edge market intelligence.

 

The report also contains information about the regulatory environment and the leading industry players with focus on their business description and recent developments. As the performance of tyre industry depends on the availability and prices of raw material, the report will help clients in understanding the impact of rubber prices fluctuation on the tyre industry.

For more information visit: http://www.rncos.com/Report/IM267.htm