MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Written by / Agency / Source: TechSci Research
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

MRF and Apollo to Continue their Domination in Indian Tyre Market Says TechSci Research - Large automobile fleet, increasing radialization level, and government initiatives are anticipated to surge the demand - TechSciResearch.com
MRF and Apollo to Continue their Domination in Indian Tyre Market Says TechSci Research

 

NewswireToday - /newswire/ - Noida, Uttar Pradesh, India, 2014/04/01 - Large automobile fleet, increasing radialization level, and government initiatives are anticipated to surge the demand - TechSciResearch.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive / Trucking / RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

India is a fast developing economy and also one of the largest automobile markets across the globe. Easy availability of finance, rising disposable income levels and favorable government initiatives are the major supporting factors for the automobile industry in the country. The country’s tyre market is one of the largest in the world and offers enormous growth potential. Indian tyre market comprises of tyres for passenger vehicles, two-wheelers, three-wheelers, commercial vehicles and off-the-road (OTR) vehicles. In volume terms, India’s tyre market was dominated by two-wheeler tyres in 2013. However, in value terms, India’s tyre market is being dominated by commercial vehicle tyres like light trucks, heavy trucks, buses, etc. Since 2004, two-wheeler sales have been accounting for more than three-fourth of Indian automobile industry, in volume terms and the trend expected to continue in coming years.

According to a recently published report by TechSci Research,“India Tyre Market Forecast and Opportunities, 2019”, the country’s tyre market is forecast to grow at a CAGR of about 8%, in volume terms, during 2014-19. However, in 2013, Indian automotive industry exhibited a sluggish growth rate, making domestic OEMs to cut back their vehicle production, and consequently, reducing the total demand for tyres from the OEM segment. “Large existing fleet of vehicles in India and various government measures like National Automotive Testing and R&D Infrastructure Project (NATRiP), Focus Market Scheme (FMS), Automotive Mission Plan 2006-2016, etc., coupled with increasing availability of credit would significantly support the sales of passenger cars and commercial vehicles in the country, which would drive the demand for automotive tyres in the country over the next five years. Also, rising population, disposable income and aspirations of the Indian middle class are the other key factors fueling the growth of Indian automotive industry, consequently augmenting growth in the tyre industry”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

MRF is the market leader in the Indian tyre market and also one of the major players in most of the tyre segments due to the company’s strong OEM collaborations. Apollo is the second largest player, with a major share in passenger vehicle tyre segment as well as trucks and buses. Other major tyre players include JK tyres, Ceat, Goodyear, and Balkrishna.

“India Tyre Market Forecast and Opportunities, 2019” has evaluated the future growth potential of India tyre industry and provides statistics and information on market structure, exports and future growth of India tyre industry. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides all this, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in the India tyre industry.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Automotive / Trucking / RV Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: TechSci Research

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Automotive / Trucking / RV articles,
CATCH Visitors via Your Competitors Announcements!


MRF and Apollo to Continue their Domination in Indian Tyre Market Says TechSci Research

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: TechSciResearch.com 
+91 12 04316223 info[.]techsciresearch.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any TechSci Research securities in any jurisdiction including any other companies listed or named in this release.

Automotive / Trucking / RV via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From TechSci Research / Company Profile


Read Automotive / Trucking / RV Most Recent Related Newswires:

LANXESS to Showcase its Versatile and Sustainable Solutions for Tire Manufacturing At the Tire Technology Expo in Hanover, Germany
Guardknox Applauded by Frost & Sullivan for Optimizing Automotive Cybersecurity to Help OEMs Develop Personalized and Secure Vehicles
ABB and Porsche Team Up to Drive Forward e-Mobility
Frost & Sullivan Expects the Malaysian Automotive Market to Reach 608,790 Units in 2020
Emerging Technologies to Help Generate New Revenue Streams for Mobility-as-a-Service Providers Finds Frost & Sullivan
Porsche Japan and ABB Showcase Future for Japanese E-Mobility
MAN Engines Launches 800 Hp Light-duty Workboat Engine with Keel Cooling for North American Market
Technological Advancements Are Propagating the Global Induction Motor Market At 11.76% CAGR by 2027 Reports Inkwood Research
The Global Automotive Blockchain Market is Advancing At a CAGR of 45.01% by 2027 Reports Inkwood Research
Global Advanced Driver Assistance System Market At 19.01% CAGR by 2026 Reports Inkwood Research
KRAIBURG TPE Introduces THERMOLAST® K Family - Excellent Weatherproof Material for Automotive Exterior Application
KRAIBURG TPE to Present New TPE Compounds for Consumer and Automotive Applications At K-2019 Düsseldorf
MAN Publishes The 2018 CR Report
Cinemo Acclaimed by Frost & Sullivan for its Modular and Feature-rich In-vehicle Infotainment Systems
PPG Expands PPG ONECHOICE UV Primer System to Cut Spot Repairs to Minutes

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  RightITnow, Inc.

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)