Albany, NY -- (SBWire) -- 07/28/2015 --About Passenger Car Tires
The automotive industry in India is one of the leading global markets in terms of production. The country has a stable domestic market with the presence of both domestic and international vehicle manufacturers.
The OEM market for tires in India had been stable in the recent past except for 2013, during which the automotive industry witnessed a drop in demand on the backdrop of costlier finance options and stringent lending norms. In the tires replacement market, new vehicle registrations in the country ensure positive prospect tires, as tires are subject to wear and tear with vehicle usage.
Technavio's analysts forecast the passenger car tires market in India to grow at a CAGR of 5.61% over the period 2014-2019.
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Covered in this Report
The passenger car tires market in India can be segmented into two divisions on the basis of key customers: OEMs and replacement tires. To calculate the market size, the report considers the sales of tires in both these segments. In addition, the report discusses the major drivers that influence the growth of the passenger car tires market in India. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends that are emerging in the market.
Technavio's report, the Passenger Car Tires Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It also covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors.
Key Vendors
Apollo Tyres
Birla Tyres
Bridgestone India
Ceat Tyres
Goodyear India
JK Tyre
MRF
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Other Prominent Vendors
Asha Rubber Industries
Continental
Michelin
Key Market Driver
Increasing Demand for Passenger Cars
For a full, detailed list, view our report
Key Market Challenge
Low-cost Imported Tires Affecting Sales Volume of Tire Manufacturers
For a full, detailed list, view our report
Key Market Trend
Self-sealing Tires
For a full, detailed list, view our report
Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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Passenger Car Tires Market in India to Grow at a CAGR of 5.61% over the Period 2015-2019: Research Report by MarketResearchReports.biz
The Report Passenger Car Tires Market in India 2015-2019 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz