DUBLIN, January 21, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/qlkqbl/azerbaijan_tyre) has announced the addition of the "Azerbaijan Tyre Market Forecast and Opportunities, 2020" report to their offering. 

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According to Azerbaijan Tyre Market Forecast and Opportunities, 2020", tyre market in Azerbaijan is projected to grow at a CAGR of over 5% during 2015 - 2020, predominantly due to rising demand for tyres from the replacement segment and increasing purchasing power of consumers in the country. 

Passenger car tyre segment is anticipated to continue dominating Azerbaijan tyre market through 2020, due to expanding passenger car fleet size and rising demand for sedans in the country. Increasing government focus on non-oil sectors is propelling growth in the construction and infrastructure sectors in the country, thereby driving demand for OTR and commercial vehicles, which is expected to translate into higher demand for OTR and commercial vehicle tyre market in the country during 2015 - 2020. 

Azerbaijan's economy is hugely dependent on oil & gas. However, on account of fluctuating prices in the oil sector, government has been increasing its focus on non-oil sectors. Azerbaijan government is aiming at sustainable socio-economic development, with higher focus on development of roads, railways, transportation, communication and other infrastructure projects in the coming years. This is expected to significantly boost construction and logistics industries in the country, which is anticipated to expand the automobile fleet size in the country, and thereby drive replacement demand for tyres over the next five years. Due to absence of OEMs in the country, demand for tyres in Azerbaijan solely emanates from the replacement segment. 

Azerbaijan Tyre Market Forecast and Opportunities, 2020 elaborates on the following aspects of tyre market in Azerbaijan: 

• Increasing Chinese Tyre Penetration
• Declining Tyre Retreading Market
• Fluctuating Tyre Import Scenario
• Rising Automobile Sales

Key Topics Covered: 

1. Research Methodology 

2. Analyst View 

3. Product Overview 

4. Azerbaijan Tyre Market Outlook 

5. Azerbaijan Passenger Car (PC) Tyre Market Outlook 

6. Azerbaijan Medium & Heavy Commercial (M&HCV) Tyre Market Outlook 

7. Azerbaijan Light Commercial Vehicle (LCV) Tyre Market Outlook 

8. Azerbaijan Off-the Road (OTR) Tyre Market Outlook 

9. Azerbaijan Two-Wheeler (2W) Tyre Market Outlook 

10. Import-Export Analysis 

11. Market Dynamics 

12. Market Trends & Developments 

13. Policy & Regulatory Landscape 

14. Azerbaijan Economic Profile 

15. Competitive Landscape 

16. Strategic Recommendations 

Companies Mentioned 

- Belshina Joint Stock Company 
- Bridgestone Corporation 
- Compagnie Générale des Établissements Michelin SCA 
- Continental AG 
- Hankook Tyre 
- Nizhnekamskshina Joint Stock Company 
- Nokian Tyres PLC 
- Shandong Transtone Tyre Co., Ltd. 
- The Goodyear Tire & Rubber Company 
- Triangle Tyre Co., Ltd 
- Yokohama Rubber Co., Ltd 

For more information visit http://www.researchandmarkets.com/research/qlkqbl/azerbaijan_tyre

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SOURCE Research and Markets