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India Passenger Car Tyre Industry to Grow 8.8% CAGR by FY 2014 Finds RNCOS - Rising tyre demand from the passenger car segment and increasing tubeless tyre penetration will drive passenger car tyre market at brisk pace, says RNCOS
India Passenger Car Tyre Industry to Grow 8.8% CAGR by FY 2014 Finds RNCOS

 

NewswireToday - /newswire/ - Noida, Uttar Pradesh, India, 2010/07/15 - Rising tyre demand from the passenger car segment and increasing tubeless tyre penetration will drive passenger car tyre market at brisk pace, says RNCOS.

   
 
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According to our research report “Indian Tyre Industry Analysis”, the Indian tyre industry is one of the fastest growing industries globally. Strong developments in all prominent automobile segments have infused tyre demand in previous years. International as well as domestic auto giants have invested heavily in the passenger cars segment, which has resulted into increasing tyre demand. The trend is expected to continue in coming years and the passenger cars tyre industry will record impressive CAGR of 8.8% during FY 2010 – FY 2014

Our research has revealed that tyre manufacturers are also ramping up their production capacities in line with the growing automobile sales. Various green-field plants are currently under pipeline to add new capacities and the implementation of brown-field projects is underway to cater to rising demand. The green-field units are expected to come into stream in the next 2-3 years. In passenger car tyres segment, almost 100% capacity additions will be in radial tyre segment.

Further, the tubeless tyre segment is developing fast in the country. During FY 2010, the tubeless tyres market potential was estimated at above Rs 7 Billion. The penetration of tubeless tyres in the passenger vehicle segment was around 14%, but it is growing rapidly. The industry is expected to account for a significant share of the total tyre industry turnover and will attract new companies in coming years.

“Indian Tyre Industry Analysis” provides extensive research and objective analysis of the Indian tyre industry potentials and its components. The report facilitates authentic statistics and information of market structure, tyre production, demand, exports, and imports. The market potential estimations and forecasts have been covered for radial tyre industry and tubeless tyre segments which provide cutting edge market intelligence to clients while making investment decisions.

In addition, information of the prominent players operating in the industry has been included in the report. The section talks about business description and recent developments of the leading industry players to provide a balanced analytical treatment of information.

Report/IM267

About RNCOS
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.

 
 
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India Passenger Car Tyre Industry to Grow 8.8% CAGR by FY 2014 Finds RNCOS

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Publisher Contact: Shushmul Maheshwari - RNCOS.com 
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