DUBLIN, Oct. 30, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/w7ljqd/russia_tyre) has announced the addition of the "Russia Tyre Market Forecast and Opportunities, 2020" report to their offering.

Russian tyre market is dominated by replacement tyre segment, which accounts for majority share in the country's tyre market

However, the replacement tyre market is forecast to witness marginal increase in its value share through 2020. Further, the collective production of passenger cars, medium & heavy commercial vehicles, and light commercial vehicles in the country grew at a CAGR of over 7% during 2010 - 2014, which has been significantly boosting the demand for tyres over the last five years. In contrast to various other European countries, there are no mandatory rules and regulations for use of summer and winter tyres in Russia. Nevertheless, winter tyres currently account for around two-third of the total replacement tyre sales in Russia.

Russia is one of the largest emerging economies in the world, and also the second largest automobile market in Europe, with a population size of around 150 million. Increasing urbanization, rising disposable income and low vehicle density continue to boost the country's automobile market. It is projected that by 2020, Russia would become the largest automobile market in Europe and fifth largest automobile market across the globe. Over the last few years, automobile industry in Russia exhibited an increase in the demand for passenger cars. In 2014, more than 2.5 million motor vehicles were sold in Russia, of which, around 2.2 million were passenger cars. On account of high share of passenger cars in the country's overall automobile fleet, Russia's passenger car tyre segment continues to dominate the country's tyre market.

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

• Russia Tyre Market Size, Share & Forecast
• Segmental Analysis - Passenger Car Tyres, Medium & Heavy Commercial Vehicle Tyres, Light Commercial Tyres, Off-The-Road (OTR) Tyres and Two-Wheeler Tyres
• Policy & Regulatory Landscape
• Changing Market Trends and Emerging Opportunities
• Competitive Landscape and Strategic Recommendations

Key Topics Covered:

1. Research Methodology

2. Analyst View

3. Product Overview

4. Russia Tyre Production Overview

5. Russia Tyre Market Outlook

6. Russia Passenger Car (PC) Tyre Market Outlook

7. Russia Medium & Heavy Commercial Vehicle (MHCV) Tyre Market Outlook

8. Russia Light Commercial Vehicle (LCV) Tyre Market Outlook

9. Russia Off-The-Road (OTR) Tyre Market Outlook

10. Russia Two-Wheeler (2W) Tyre Market Outlook

11. Import-Export Analysis

12. Market Dynamics

13. Market Trends & Developments

14. Policy & Regulatory Landscape

15. Russia Economic Profile

16. Competitive Landscape

17. Strategic Recommendations

Companies Mentioned

• Altai Tyre Open Joint Stock Company
• Belshina Open Joint Stock Company
• Bridgestone C.I.S Limited Liability Company
• Continental Kaluga LLC
• Cordiant Open Joint Stock Company
• Goodyear Russia Limited Liability Company
• Hankook Tire Rus LLC
• Michelin Russia and CIS
• Nizhnekamskshina Joint Stock Company
• Nokian Tyres Limited
• Pirelli Tyre Russia Limited Liability Company
• Yokohama Russia Limited Liability Company

For more information visit http://www.researchandmarkets.com/research/w7ljqd/russia_tyre

Media Contact:

Laura Wood, +353-1-481-1716, press@researchandmarkets.net

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SOURCE Research and Markets