Algeria Tyre Market Forecast and Opportunities, 2020 - Increasing Demand for Cost-Effective Chinese Tyres
DUBLIN, Apr. 01, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/6mjdxx/algeria_tyre) has announced the addition of the "Algeria Tyre Market Forecast and Opportunities, 2020" report to their offering.
Tyre market in Algeria is forecast to grow at a CAGR of over 6% through 2020
Passenger car tyre market is the dominant segment in the country's tyre market, followed by commercial vehicle tyre and two-wheeler tyre segments. Passenger car sales increased at a CAGR of 12% during 2010-2014, consequently promising strong growth in the demand for passenger car replacement tyres over the next few years. In addition, Northern region comprising Algiers and Oran, accounted for majority of the overall tyre demand in the country, and the region is expected to continue its market dominance over the forecast period as well. The country tyre market is predominantly dominated by Chinese tyre brands. These players are substantially larger than other suppliers and primarily cater to the demand for replacement tyres in the country.
Algeria's automotive market is one of the largest automotive markets in Africa. The tyre market in the country has been growing over the last five years on account of increasing demand for automobiles, especially passenger cars. Due to lack of domestic automobile production facilities, Algeria tyre market is completely dominated by replacement tyre segment. Consequently, the tyre market in the country is totally import-dependent, with majority of the tyres being imported from China, Japan, South Korea and Indonesia. One of the major challenges for Algeria automotive market is that the entire manufacturing sector in the country has been suffering from Dutch Disease, as a result of which, manufacturers are apprehensive of establishing production facilities in the country.
Algeria Tyre Market Forecast & Opportunities, 2020 discusses the following aspects:
- Distributor and Dealers Network
- Growing Automobile Sales
- Increasing Demand for Cost-Effective Chinese Tyres
- Tyre Pressure Management System (TPMS)
- Fuel Efficient Tyres
Key Topics Covered:
1. Research Methodology
2. Product Definition and Market Segmentation
3. Analyst View
4. Algeria Tyre Market Outlook
5. Algeria Passenger Car Tyre Market Outlook
6. Algeria Commercial Vehicle Tyre Market Outlook
7. Algeria OTR Tyre Market Outlook
8. Algeria Two-Wheeler Tyre Market Outlook
9. Trade Analysis
10. Market Dynamics
11. Policy & Regulatory Landscape
12. Market Trends & Developments
13. Algeria Economic Outlook
14. Competitive Landscape
15. Strategic Recommendations
Companies Mentioned
- Qingdao Doublestar Rubber & Plastic Machinery Co., Ltd.
- Triangle Tire Co. Ltd
- Shandong Linglong Tire Co., Ltd.
- Double Coin Holdings Ltd
- Hangzhou Zhongce Rubber Co. Ltd.
- Continental AG
- Pirelli Tyre S.p.A.
- Toyo Tire & Rubber Co., Ltd.
- Bridgestone Corporation
- Sumitomo Rubber Industries, Ltd. fic needs
For more information visit http://www.researchandmarkets.com/research/6mjdxx/algeria_tyre
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
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