Free press releases distribution network?

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!



Growth in Commercial Vehicle Segment to Boost Tyre Demand in South Africa Reports TechSci Research - Growing economy coupled with increasing per capita income and favorable government initiatives to drive the tyre market in South Africa over the next five years
Growth in Commercial Vehicle Segment to Boost Tyre Demand in South Africa Reports TechSci Research

 

PRZOOM - /newswire/ - Burnaby, British Columbia, Canada, 2014/04/03 - Growing economy coupled with increasing per capita income and favorable government initiatives to drive the tyre market in South Africa over the next five years.

   
 
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!


 

The South African tyre market is the fastest growing tyre market in Africa. The continuous growth in the per capita income has resulted in increasing the domestic sales of automobiles, and the introduction of Automotive Production and Development Program (APDP) in 2013 by the South African government is expected to significantly augment the domestic automobile production over the next few years. South Africa also has many trade agreements with various countries across the globe, which has enabled the country to become one of the preferred export destinations, globally. Major automobile manufacturers such as Toyota, Volkswagen, Nissan, Renault, General Motors, Mercedes Benz, BMW, Ford, Fiat, Iveco, Isuzu, MAN, Volvo and Scania have already established their manufacturing or assembly plants in the country.

According to the recently published report by TechSci Research,“South Africa Tyre Market Forecast & Opportunities 2019”, the tyre market in South Africa is projected to grow at a CAGR of around 9%, in revenue terms, during 2014-19, due to continuous expansion in production capacity and increasing investments in the automotive sector.

The report indicates that Goodyear, Apollo, Continental and Bridgestone are the major tyre manufacturers in the South African tyre market, accounting for over 50% cumulative share of the country’s overall tyre sales. On the contrary, Michelin, Pirelli, Kumho and Yokohama, etc., are also setting up their businesses and broadening their respective product portfolios to capitalize on the growing tyre demand in the country through imports from their overseas manufacturing units. However, tyre imports from China continue to pose a huge challenge for domestic as well as international players in South Africa due to comparatively low selling price of Chinese tyres.

“The commercial vehicle tyre segment is expected to dominate the tyre market in South Africa during the forecast period due to growing mining and construction sectors. Additionally, the South African government’s promotional plan for automotive manufacturers is also anticipated to drive automobile production, which would substantially contribute towards increasing the demand for tyres over the next five years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. Mr. Chechi further added that sales of passenger cars and commercial vehicles have registered a double digit growth rate in South Africa during the last four years, which has been driving the demand for tyres, particularly in the replacement tyre market segment.

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

 
 
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!


 

Agency / Source: TechSci Research

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+]

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


Growth in Commercial Vehicle Segment to Boost Tyre Demand in South Africa Reports 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 PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Ken Mathews - TechSciResearch.com 
+91 12 04316223 ken.mathews[.]techsciresearch.com
 
PRZOOM / PRTODAY - Newswire Today 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 Press Releases From TechSci Research / Company Profile


Read Automotive/Trucking/RV Most Recent Related Press Releases:

First Transports in Networked Trucks - DB Schenker and MAN Agree on Platooning Project
MAN Truck & Bus Are Placing the New MAN TGE Under Static Scrutiny As Part of A Van Bodybuilders’ Day Today
MAN Lion's Intercity is Russia’s Intercity Bus of the Year
Enel and Nissan Present First All-inclusive Electric Mobility Solution
MAN Truck & Bus Korea Launched MAN Lion’s Touring - The First and Only Cabriolet Bus for Sightseeing Tours in Korea
Influx of Cheap Imports Floods the Automotive Filter Aftermarket Says Frost & Sullivan
BASF Introduces Latest Robust Connectors for Automotive Wire Harnesses
Man Group Announces 100 NEOPLAN Skyliner Coaches for Rome
BASF Introduces Synthetic Leather Made with Elastollan® - Makes Car Seats More Comfortable
Frost & Sullivan Acclaims Federal-Mogul Motorparts' Visionary Solutions and Growth Strategies for the North American Automotive Aftermarket

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  Triggr & Bloom

Visit  BizJobs.com

Visit  JobsWare.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free 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 entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today