DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/446hhm/argentina_tyre) has announced the addition of the "Argentina Tyre Market Forecast and Opportunities, 2019" report to their offering.
Argentina's tyre industry grew at a CAGR of 14% during 2009-13.
With a fleet of around 12.50 million vehicles and growing per capita income, the Argentina tyre market is projected to witness significant growth over the coming years. In 2010, Argentina passenger car and commercial vehicle segment market witnessed double digit growth in both production and sales. However, in 2012, the growth trajectory was hit by adverse internal economic conditions in the country. The scenario was further exacerbated by the sluggish growth in the economy of Brazil, which is one of the major trade partners of Argentina. The economic slowdown in Argentina significantly affected the automotive sector in the country, which consequently restricted growth in tyre sales in the country over the last couple of years. However, tyre sales witnessed a major rebound in 2013 on account of marginal increase in automotive production and growing replacement market due to strong consumer sentiments.
This robust growth was to a huge extent supported by growing passenger car sales in the country during the same period, which consequently made passenger car tyre the leading segment with maximum share in the Argentina's tyre market. Currently, various passenger car manufacturers namely GM Group, Volkswagen Group, Renault-Nissan Group, Ford Group, Fiat-Chrysler Group, Honda Group and PSA Group are operating in Argentina. These manufacturers are significantly driving the demand for passenger car tyres in the OEM sector. Major auto manufacturers like Fiat-Chrysler Group, Renault-Nissan Group, GM Group, etc. in Argentina are expanding their passenger car production capacities. Consequently, the demand for tyres from OEMs is projected to add to the overall demand for passenger car tyres in coming years.
Argentina Tyre Market Forecast & Opportunities, 2019 report elaborates following aspects of tyre market in Argentina:
- Growing Automotive Industry
- Increasing Domestic Tyre Production
- New Agriculture Tyre Technology
- Increasing Tyre Retreading
Key Topics Covered:
1. Executive Summary
2. Argentina Tyre Market Outlook
3. Argentina Replacement Tyre Market Outlook
4. Argentina Passenger Car (PC) Tyre Market Outlook
5. Argentina Commercial Vehicle Tyre Market Outlook
6. Argentina OTR Tyres Market Outlook
7. Argentina Two-Wheeler (2W) Tyre Market Outlook
8. Raw Material Analysis
9. Price Point Analysis
10. Market Dynamics
11. Policy & Regulatory Landscape
12. Market Trends
13. Argentina Economic Profile
14. Competitive Landscape
15. Strategic Recommendations
Companies Mentioned
- Bridgestone Argentina S.A.I.C.
- Bridgestone Firestone de la Argentina S.A.I.C.
- Continental Automotive Argentina Ltd.
- Fate S.A.I.C.I
- Goodyear Argentina
- Michelin Argentina Co., Ltd
- Pirelli Neumaticos
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