DUBLIN, Sept. 29, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Tire Market in Brazil 2014-2018" report to their offering.

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Tires are an assembly of different components such as tread, bead, sidewall, shoulder, and ply. They are involved in some of the most important functions of a vehicle such as driving, traction, braking, and steering, along with attributes such as car power, safety, comfort, maximum speed capability, and load index. Modern tires are made from synthetic rubber, natural rubber, fabric and wire, along with carbon black and other chemical compounds.

The analysts forecast the Tire market in Brazil to grow at a CAGR of 8.01 percent over the period 2013-2018.

The Tire market in Brazil can be divided into two segments: OEM segment and Aftermarket segment.

The report, the Tire Market in Brazil 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

An increased use of TPMS is one of the major trends of the Tire market in Brazil. The use of tire pressure management systems has increased awareness among consumers about the importance of tires and their associated functions.

According to the report, formulation of favorable government policies for the growth of the automotive sector is one of the major drivers in the market. These policies have been well-received by the industry and have made a positive impact on people's lives. Brazilian government is trying to maintain the economy's high growth rate through its industry-friendly policies.

Further, the report states that the easy availability of low-cost imported tires is one of the important challenges faced by the Tire market in Brazil. The cost of imported tires is much less compared to tires that are manufactured in Brazil.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key Topics Covered:

01. Executive Summary

02. List of Abbreviations

03. Scope of the Report

04. Market Research Methodology

05. Introduction

06. Market Landscape

07. Market Segmentation by Business Segments

08. Buying Criteria

09. Market Growth Drivers

10. Drivers and their Impact

11. Market Challenges

12. Impact of Drivers and Challenges

13. Market Trends

14. Trends and their Impact

15. Vendor Landscape

16. Key Vendor Analysis

17. Other Reports in this Series

Companies Mentioned:

• Bridgestone
• Compagnie Générale des Établissements Michelin
• Continental
• Pirelli
• The Goodyear Tire and Rubber
• Alliance Tire Group
• Apollo Tires
• Carlisle Companies
• Ceat
• Cheng-Shin Rubber Industries
• Cooper Tire and Rubber
• HangZhouZhongCe Rubber
• Hankook Tire
• Harvest King Tires
• Maggion
• Marangoni
• McCreary Tire and Rubber
• MRF
• Sumitomo Rubber Industries
• Titan International
• Trelleborg Wheel Systems
• Vipal Rubber
• Yokohama Rubber

For more information visit http://www.researchandmarkets.com/research/tbhdhp/tire_market_in

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

SOURCE Research and Markets