NEW YORK, May 19, 2016 /PRNewswire/ --
Growing Automobile Sales, Increasing Per Capita Income Levels and Expanding Automobile Fleet to Boost Tire Sales in India Until 2021
With more than 60 tire manufacturing plants spread across the country in 2015, India ranks among one of the largest tire markets in the world. Growing automobile sales coupled with expanding automobile fleet are the major factors boosting demand for tires in the country. Moreover, with favorable inflationary scenario, expanding middle class population and increasing national disposable income, tire sales across all the automobile segments are expected to grow in the coming years. Presence of major automotive OEMs such as Ford, Hyundai, Honda, Mahindra, Maruti Suzuki, TATA, BMW, etc. has been hugely contributing to the sales of tires in India. MRF, CEAT, Birla Tyres, TVS Srichakra, Apollo Tyres and JK Tyre are few of the major regional tire manufacturers, while the major international tire brands operating in the country includes Goodyear, Bridgestone, Michelin, Continental, Yokohama, and Hankook.
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Browse 85 market data Tables and 102 Figures spread through 270 Pages and an in-depth TOC on "India Tire Market "
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According to the TechSci Research report, "India Tire Market Forecast & Opportunities, 2021 ", the country's tire market is forecast to witness a CAGR of over 9% during 2016-2021. Though the replacement tire demand had a majority share in 2015, the OEM tire demand is expected to outpace replacement tire demand during 2016-2021.
MRF, CEAT, JK, Apollo and Goodyear have emerged as the most popular tire brands in the country however, Bridgestone, Michelin and Goodyear reported highest customer satisfaction according to the vehicle owners survey conducted by TechSci Research.
Two-wheeler tire segment, which accounted for a volume share of over 50% in the country's tire market in 2015, is also expected to maintain its position as the largest tire segment over the next five years. "India Tire Market Forecast & Opportunities, 2021 " report elaborates following aspects of tire market in India:
• India Tire Market Size, Share & Forecast
• Segmental Analysis - Passenger Car Tires, Light Commercial Tires, Medium and Heavy Commercial Vehicle Tires, Off-The-Road (OTR) Tires, Two-Wheeler Tires & Three-Wheeler Tires.
• Voice of Customer - Brand Recall, Brand Satisfaction, Brand Switching Behavior, Factors responsible for purchase decision.
• Policy & Regulatory Landscape
• Changing Market Trends and Emerging Opportunities
• Competitive Landscape and Strategic Recommendations
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Why You Should Buy This Report?
• To gain an in-depth understanding of tire market in India
• To identify the on-going trends and segment wise anticipated growth in the coming years
• To help industry consultants, tire companies and other stakeholders to align their market-centric strategies
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• To gain competitive knowledge of leading players
• To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer's specific needs
Table of Contents of the report
1. Product Overview
2. Research Methodology
3. Analyst View
4. India Tire Production Overview
5. India Tire Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (M&HCV, PC, 2W, OTR, LCV & 3W)
5.2.2. By Company
5.2.3. By Region
5.2.4. By Demand Category (OEM Vs. Replacement)
5.2.5. By Radial Vs. Bias
5.3. Market Attractive Index (By Vehicle Type)
5.4. Voice of Customers
5.4.1. Unaided Brand Recall
5.4.1.1. Brand Satisfaction Level
5.4.1.2. Brand Switching Behavior
5.4.1.3. Factors Influencing Purchase Decision
6. India Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type
6.2.2. By Demand Category (OEM Vs. Replacement)
6.2.3. By Company
6.2.4. By Radial Vs. Bias
6.3. Popular Sizes/Price Analysis
6.4. Prominent List of OE Supplier
6.5. Market Attractive Index (By Type)
6.6. Supply Chain Analysis
6.7. Voice of Customers
6.7.1. Unaided Brand Recall
6.7.2. Brand Satisfaction Level
6.7.3. Brand Switching Behavior
6.7.4. Factors Influencing Purchase Decision
7. India Passenger Car Tire Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type
7.2.2. By Demand Category (OEM Vs. Replacement)
7.2.3. By Company
7.2.4. By Radial Vs. Bias
7.3. Popular Sizes/Price Analysis
7.4. Prominent List of OE Supplier
7.5. Market Attractive Index (By Type)
7.6. Supply Chain Analysis
7.7. Voice of Customers
7.7.1. Unaided Brand Recall
7.7.2. Brand Satisfaction Level
7.7.3. Brand Switching Behavior
7.7.4. Factors Influencing Purchase Decision
8. India Two-Wheeler (2W) Tire Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type
8.2.2. By Demand Category (OEM Vs. Replacement)
8.2.3. By Company
8.2.4. By Radial Vs. Bias
8.3. Popular Sizes/Price Analysis
8.4. Prominent List of OE Supplier
8.5. Market Attractive Index (By Type)
8.6. Supply Chain Analysis
8.7. Voice of Customers
8.7.1. Unaided Brand Recall
8.7.2. Brand Satisfaction Level
8.7.3. Brand Switching Behavior
8.7.4. Factors Influencing Purchase Decision
9. India Off-The Road (OTR) Tire Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type
9.2.2. By Demand Category (OEM Vs. Replacement)
9.2.3. By Company
9.2.4. By Radial Vs. Bias
9.3. Popular Sizes/Price Analysis
9.4. Prominent List of OE Supplier
9.5. Market Attractive Index (By End Use Industry)
9.6. Supply Chain Analysis
9.7. Voice of Customers
9.7.1. Unaided Brand Recall
9.7.2. Brand Satisfaction Level
9.7.3. Brand Switching Behavior
9.7.4. Factors Influencing Purchase Decision
10. India Light Commercial Vehicle (LCV) Tire Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Vehicle Type
10.2.2. By Demand Category (OEM Vs. Replacement)
10.2.3. By Company
10.2.4. By Radial Vs. Bias
10.3. Popular Sizes/Price Analysis
10.4. Prominent List of OE Supplier
10.5. Market Attractive Index (By Type)
10.6. Supply Chain Analysis
10.7. Voice of Customers
10.8. Unaided Brand Recall
10.9. Brand Satisfaction Level
10.10. Brand Switching Behavior
10.11. Factors Influencing Purchase Decision
11. India Three-Wheeler (3W) Tire Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Vehicle Type
11.2.2. By Demand Category (OEM Vs. Replacement)
11.2.3. By Company
11.3. Popular Sizes/Price Analysis
11.4. Prominent List of OE Supplier
11.5. Market Attractive Index (By Type)
11.6. Supply Chain Analysis
11.7. Voice of Customers
11.7.1. Unaided Brand Recall
11.7.2. Brand Satisfaction Level
11.7.3. Brand Switching Behavior
11.7.4. Factors Influencing Purchase Decision
12. Import-Export Analysis
13. Market Dynamics
13.1. Drivers
13.2. Challenges
14. Market Trends & Developments
15. Policy & Regulatory Landscape
16. India Economic Profile
17. Competitive Landscape
17.1. MRF Limited
17.2. CEAT Limited
17.3. Birla Tyres Limited
17.4. TVS Srichakra Limited
17.5. Apollo Tyres Ltd.
17.6. JK Tyre & Industries Ltd.
17.7. Bridgestone India Private Limited
17.8. Goodyear India Limited
17.9. Michelin India Private Limited
17.10. Balkrishna Industries Limited
17.11. Govind Rubber Limited
17.12. Continental India Limited
18. Strategic Recommendations
19. Annexure (Include Dealer/Distributor List for each Tire Company)
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