Turkey Tyre Market Forecast and Opportunities, 2019

DUBLIN, May 20, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/s4k3b7/turkey_tyre) has announced the addition of the "Turkey Tyre Market Forecast and Opportunities, 2019" report to their offering.

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According to Turkey Tyre Market Forecast & Opportunities, 2019, the Turkish tyre industry is dominated by passenger car tyre segment. Many leading automobile manufacturers in Turkey are expanding their production capacities as well as establishing new production facilities in the country.

The Turkish tyre industry is forecast to grow at a CAGR of around 8% during 2014-19. The tyre demand in the country is met by domestic tyre manufacturing as well as through tyre imports. Despite expansion of domestic tyre manufacturing operations, the country still relies heavily on imports for addressing its overall domestic tyre demand.

In 2013, Japan remained the leading tyre exporter to the Turkish tyre market, followed by Germany. Other countries that were among the major tyre exporters to Turkey in 2013 include Slovakia, Romania, Poland and France. Though companies are taking steps to expand domestic tyre production, tyre imports are projected to further grow in the country during the forecast period, posing significant threat to growth of domestic tyre manufacturing companies.

Turkey, one of the major centers for trade in Asia, is increasingly offering opportunities to leading automobile manufacturers for increasing their penetration across Europe, Central Asia and the Middle East. Leading automobile players such as Ford, Toyota, Renault, Fiat, Chrysler, Opel, Honda, etc. are leveraging Turkey's geographical suitability and favorable trade policies to expand their presence across the country and other neighboring regions.

After being hit by global recession and Eurozone crisis, the country's automobile sector is witnessing growth revival on account of favorable tax and investment policies of Turkish government. Increase in automotive production in the country is consequently fueling the demand for tyres in Turkey. The existing fleet of around 8.51 million units of passenger cars in the country, coupled with new passenger car sales, is driving growth in the tyre segment.

Key Topics Covered:

1. Executive Summary

2. Turkey Tyre Market Outlook

3. Turkey Replacement Tyre Market Outlook

4. Turkey Passenger Car (PC) Tyre Market Outlook

5. Turkey Two-Wheeler (2W) Tyre Market Outlook

6. Turkey Commercial Vehicle Tyre Market Outlook

7. Turkey 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. Turkey Economic Profile

15. Competitive Landscape

16. Strategic Recommendations

17. Research Methodology

Companies Mentioned:

• Brisa Bridgestone SabanciLastikSanayiveTicaret A.S
• Continental LastikleriTurkiye
• Goodyear Lastikleri Turk AS
• Hankook Lastikleri A.S
• MichelinLastikleriTicaret A.S,
• PetlasLastikSanayiVeTicaret AS
• Sumitomo Rubber Industries Ltd.
• Turk-Pirelli Lastikleri A.S.

For more information visit http://www.researchandmarkets.com/research/s4k3b7/turkey_tyre

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