2013-02-11 10:06:12 - Tyre production in India is anticipated to grow at a CAGR of 8% during FY 2012-2016, says RNCOS in its latest research report.
Indian Tyre Industry is witnessing stupendous growth over the past few years owing to increasing automobiles demand, rapid global expansion, and better quality production. The tyre manufacturers in the country are now focusing on manufacturing of green tyres. For instance, major Indian tyre manufacturers, such as JK Tyres and MRF have come up with a new range of eco-friendly tyres that can improve fuel efficiency without affecting protection and toughness. Besides, various major global tyre manufacturers, such as Bridgestone, Michelin, Goodyear, and Continental are also offering a range of green tyres in the country. Further, various research and development activities are still going on to come up with better eco-friendly tyres.
According to our latest research report, “Indian Tyre Industry Forecast
to 2015”, Indian Tyre Industry is growing at an astounding rate owing to abundant availability of raw materials (natural rubber) and ultramodern production facilities. Further, the segments, such as radial tyres and tubeless tyres are exhibiting a huge growth in the market because of increasing customer’s demand for better mileage and durability. Moreover, the consumers are also willing to pay a premium for these tyres due to their additional advantages. Driven by this huge demand, tyre manufacturers in the country are now working on their capacity expansion plans by setting up their plants overseas. This indicates that tyre industry will exhibit remarkable growth in the coming years in India and as per our analysis, it is anticipated to grow at a CAGR of 8% during FY 2012-2016.
Further, our report, “Indian Tyre Industry Forecast to 2015”, includes an in-depth research and rational analysis of the Tyre Industry in India. It covers analysis of tyre production & sales by segment in the country, which includes passenger cars, utility vehicles, multi-purpose vehicles, commercial passenger carriers, commercial goods carriers, and two wheelers. Information on emerging trends, drivers, and regulatory initiatives, which are collectively elevating the outlook for the industry in the country has also been studied here. Analysis of new technologies along with proposed capacity expansion projects of major players in the country have been duly covered. In addition, the report also includes future plans & strategy of key players coupled with the comprehensive analysis of their strength and weakness. Cost analysis including raw material, labor, energy and sales and distribution cost, etc have also been covered here. Overall, the comprehensive research aims at presenting a complete and coherent analysis of the Indian Tyre Industry scenario to clients.
For FREE SAMPLE of this report visit: www.rncos.com/Report/IM463.htm
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