Colombia Tire Market Forecast & Opportunities, 2022 - Increasing Population is Boosting Demand for Automobiles - Research and Markets

DUBLIN, Mar 03, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Colombia Tire Market Forecast & Opportunities, 2022" report to their offering.

The tire market in Colombia is anticipated to cross $1.5 billion by 2022. In terms of vehicle type, the tire market in Colombia has been segmented into Passenger Car (PC), Two-Wheeler (2W), Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV), and Off-The-Road (OTR).

Expanding production of passenger cars and continuously expanding automobile fleet are some of the major factors aiding Colombia tire market. Moreover, increasing population, which stood at 48.22 million in 2015, coupled with growing urbanization, which was 76.4% of total population in 2015, is boosting the demand for automobiles in the country, consequently positively influencing the country's tire market.

Furthermore, rapidly expanding middle class population in Colombia is pushing the demand for automobiles, which, in turn, is generating huge demand for tires. Moreover, expanding fleet coupled with increasing investments in agriculture sector by public as well as private entities are also boosting the demand for tires in the country. Growing per capita income, expanding automotive fleet and launch of new vehicle models are some of the other major factors driving Colombia automotive industry, consequently propelling the demand for tire in the country.

Why You Should Buy This Report?

• To gain an in-depth understanding of Colombia tire market.
• To identify the on-going trends and anticipated growth in the next five years.
• To help industry consultants, tire companies and other stakeholders to align their market-centric strategies.
• To obtain research based business decisions and add weight to presentations and marketing material.
• To gain competitive knowledge of leading market players.
• To avail of 10% customization in the report without any extra charges and get research data or trends added in the report as per the buyer's specific needs.
  

Companies Mentioned

• Bridgestone De Colombia, S.A.S (Bsco)
• Continental Tire Colombia S.A.S
• Giti Tire Pte. Ltd.
• Goodyear de Colombia SA
• Hangzhou Zhongce Rubber CO.,LTD.
• Hankook Tire Colombia Ltda.
• Industria Colombiana de Llantas S.A.
• Pirelli de Colombia SAS
• Toyo Tire & Rubber Company
• Triangle Tyre Co. Ltd.
  

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Analyst View

4. Colombia Tire Market Outlook

5. Colombia Passenger Car (PC) Tire Market Outlook

6. Colombia Two-Wheeler (2W) Tire Market Outlook 

7. Colombia Light Commercial Vehicle (LCV) Tire Market Outlook

8. Colombia Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook

9. Colombia Off-the-Road (OTR) Tire Market Outlook

10. Market Dynamics

11. Market Trends & Developments

12. Import-Export Analysis

13. Policy & Regulatory Landscape

14. Colombia Economic Profile

15. Competitive Landscape

16. Strategic Recommendations

For more information about this report visit http://www.researchandmarkets.com/research/2qhpmv/colombia_tire

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Laura Wood, Senior Manager
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