DUBLIN--(BUSINESS WIRE)--Dublin - Research and Markets (http://www.researchandmarkets.com/research/pvzhmd/indian_radial_tyre) has announced the addition of the "Indian Radial Tyre Market Outlook to 2015" report to their offering.
India has emerged as one of the world's most competitive tyre markets due to vast availability of raw material (natural rubber) and ultramodern production facilities. The focus of leading industry players has shifted towards brand establishment and strengthening distribution network, which have resulted into an improvement in their market share.
As per the study, higher return and cost effectiveness has been the major driving force for increasing radilaization in Indian tyre industry. The other advantages of radial tyres include fuel efficiency, longevity, retreading and environmental benefits. In fact, fuel efficiency of a radial tyre is 5% higher in case of new vehicles and 3% when it comes to old vehicles . Moreover, significant expansion of vehicle population would transform in healthy replacement demand for radial tyres. However, growth in M&HCV replacement demand however could be affected by a slower economic growth.
As per our analysis driving on various factors discussed in the report, the radial tyre market is expected to reach INR 393 Billion by FY 2015 growing at a CAGR of more than 21% during FY2011-FY2015. India's market for radial tyres in commercial vehicles section is still an infant. The passenger car segment switched to radial tyres in a short period of time, with radial tyre penetration level for the category reaching 98%. Besides, the penetration level of radial tyre has also started to increase rapidly in the light commercial vehicles and truck & bus segment. This segment will be the largest growth area over the next few years.
Key Topics Covered:
1. Analyst View
2. Research Methodology
3. India Radial Tyre Industry in Global Context
4. Tyre Industry Overview
4.1 Production
5. Market Drivers & Trends
5.1 Higher ROI Driving the Demand for Radialization
5.2 India Becoming Hub for International Radial Tyre Manufacturers
5.3 Replacement Demand Boosting Radial Tyre Industry
6. Industry Performance and Outlook by FY 2015
6.1 Passenger Cars
6.2 Light Commercial Vehicles
6.3 Mid-Heavy Commercial Vehicles
7. Trade Analysis
7.1 Export
7.2 Import
8. Upcoming Manufacturing Plants in Radial Tyre Industry
9. Raw Material Demand Scenario
10. Rubber Price Analysis
11. Tyre Retreading Analysis
12. Competitive Landscape Analysis
12.1 MRF
12.2 JK Tyres
12.3 Apollo Tyres
12.4 Goodyear
12.5 Michelin
12.6 CEAT
For more information visit http://www.researchandmarkets.com/research/pvzhmd/indian_radial_tyre