DUBLIN, Mar. 19, 2014 /PRNewswire/ --Research and Markets (http://www.researchandmarkets.com/research/xk3f7g/brazil_tyre) has announced the addition of the "Concise Analysis of the Brazilian Tyre Market - Forecast to 2019" report to their offering.
Brazil is the fourth-largest auto market across the globe after China, US and Japan in terms of sales, but ranks seventh in terms of production. Rising domestic demand, per capita income, number of skilled workforce and technological developments have attracted significant foreign direct investment into the country over the last decade. Major global auto manufacturers such as Fiat, Toyota, Hyundai, Volkswagen, Ford, GM and Nissan intend to either establish a new manufacturing facility or expand their existing production facilities in Brazil to meet the future demand. As a result, the tyre market in Brazil is anticipated to grow significantly during the forecast period. In addition, Brazil is expected to organize the mega sport events like FIFA World Cup 2014 and Olympic Games 2016, which is likely to boost the country's construction and infrastructure sectors, leading to higher auto demand in the country.
According to Brazil Tyre Market Forecast & Opportunities, 2019, the tyre market in Brazil is projected to grow at a CAGR of 8% during 2014-19 in volume terms due to increasing automobile sales coupled with favorable policies for auto industry by the Brazilian government. Lowering of taxes for vehicles as well as introduction of Inovar-Auto program are expected to attract global manufacturers to produce automotive vehicles and components in Brazil as companies have opportunity to receive up to 30% tax discount offered by the government.
Key Topics Covered:
1. Executive Summary
2. Brazil Tyre Market Outlook
3. Brazil Replacement Tyre Market Outlook
4. Brazil Passenger Car Tyre Market Outlook
5. Brazil Two Wheeler (2W) Tyre Market Outlook
6. Brazil Commercial Vehicle Tyre Market Outlook
7. Brazil OTR Tyre Market Outlook
8. Price Point Analysis
9. Raw Material Analysis
10. Tyre Trade Analysis
11. Market Dynamics
12. Policy & Regulatory Landscape
13. Market Trends & Developments
14. Competitive Landscape
15. Strategic Recommendations
16. Research Methodology
- Borrachas Vipal
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SOURCE Research and Markets