Albany, NY -- (SBWIRE) -- 07/28/2015 -- About Passenger Car Tire Market in Spain

In 2011, Spain had approximately 482 passenger cars per 1,000 people and 424,505 miles of total road network, which depicts the commercial viability of the automotive industry in the country. According to the OICA, the country had 4.522 million passenger cars in use in the same year. The commercial viability of the industry has also translated into the well-being of associated markets such as the automotive tire market.

The country does not have mandatory winter tire regulations. However, vehicles in Spain are subject to winter tire fitments or snow chains (in regions indicated through sign boards). While using snow chains, the upper-speed limit for vehicles has to be below 31 mph. As the country has mixed weather, which differs from inland mountainous areas to the coastal areas, a considerable difference in temperature is observed during winters. Temperature variations in the country necessitates the need for different types of tires, including winter tires, which are typically advocated for places with temperatures of less than 45 degree Fahrenheit.

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Technavio's analysts forecast the passenger car tire market in Spain to grow at a CAGR of 3.10% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the growth prospects of the passenger car tire market in Spain for 20152019. The market forecast and analysis is provided in terms of volume. The market includes the following segments:

Replacement segment
OEM segment

The report also presents the vendor landscape and a corresponding detailed analysis of the prominent vendors in the market. In addition, the report includes the major drivers that are influencing the growth of the passenger car tire market in Spain. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.

Technavio's report, the Passenger Car Tire Market in Spain 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the passenger car tire market in Spain landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors.

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Prominent Vendors
Apollo Vredestein
Bridgestone Europe
BRISA Bridgestone Sabanci Tire Manufacturing and Trading
Continental
Cooper Tire & Rubber
Debica
Deldo Autobanden
Falken Tyre Europe
FULDA Europe
Giti Tires
Goodyear Dunlop Tyres Europe
Goodyear Dunlop Tyres UK
Hwa Fong Rubber Industries
Interstate Tire & Rubber
Kumho Tire
Marangoni
Maxxis International
Michelin
Nankang Rubber Tire
Nexen Tire
Nokian Tyres
Pirelli Tyre
ROSAVA Tires
Sailun Group
Sumitomo Rubber Industries
Toyo Tire & Rubber
Triangle Group
Vee Rubber Group
Yokohama Rubber

Market Driver
Automotive Sales
For a full, detailed list, view our report

Market Challenge
Growing Competition
For a full, detailed list, view our report

Market Trend
Fall in Rubber Prices
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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