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:
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
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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