PRZOOM - /newswire/ -
Noida, Uttar Pradesh, India, 2011/11/22 - Exponential growth of radial tyre capacity is anticipated to take Indian Tyre Market to a new level of enhanced growth, says RNCOS in its latest research - RNCOS.com.
According to RNCOS, India’s market for radial tyres in commercial vehicles’ section is still at its nascent stage. 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 and bus segment, which is anticipated to witness the largest growth over the next few years.
The Indian tyre market has attracted global manufacturers on account of encouraging growth figures, says our new research report,“Indian Tyre Industry Analysis”. These manufacturers are expected to invest huge amounts into the industry over the next few years, with a major proportion of this investment directed towards the Truck and Bus (T&B) radial tyre capacity expansion. Thus, radial tyres is estimated to reach over INR 300 Billion by FY 2014.
The report,“Indian Tyre Industry Analysis”, evaluates the future growth potential of India’s tyre industry and provides statistics and information on market structure, tyre production by segments, exports and imports trends. Tyre market projections, in value terms, have been provided for all the prominent segments, including passenger cars, utility vehicles and multi-purpose vehicles. Thus, the report will suffice in providing the intending clients with cutting-edge market intelligence and help them take sound investment decisions. Besides, we have also identified and analyzed the emerging trends along with essential drivers and key challenges faced by the industry.
Some of our Related Reports are as follows:
- Vietnam Automobile Forecast 2014
- Turkey Automobile Sector Forecast 2014
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- US Tyre Industry Analysis
- Booming Russian Automobile Sector.
RNCOS (rncos.com) specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals studies and analyzes the industry and its various components comprehensively and provides detailed information about the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist intending clients to meet their objectives in a cost-effective and timely manner.