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(EMAILWIRE.COM, August 06, 2010 ) New Delhi, India - RNCOS has recently added a new Market Research Report titled, “Indian Tyre Industry Analysis” to its report gallery. Tyres offtake by different automobile segments directly reflect the pace of economic activities in a country. The performance of commercial vehicle tyres is directly linked to the country’s economic development. India, being the world’s second most populous and seventh largest country in area, has been orchestrating tremendous GDP growth for the last few years which transform into the dynamic developments of various industries, including including automobile and tyres.
According to our new research report “Indian Tyre Industry Analysis”, the financial crisis has had moderate negative effect on the commercial vehicle market which creates strong demand for tyres in the country. The demand for commercial vehicles has recorded sluggish growth due to the weak performance of infrastructure, construction, manufacturing and other sectors. However, the commercial vehicle segment regained its growth in FY 2010 both in terms of production and sales. The main reason for revival of growth in the commercial vehicle segment is recuperating demand from almost all prominent sectors. It was reflected in increasing tyres offtake during FY 2010 and tyre production grew around 18.3% over FY 2009.
India still lags far behind other major economies when compared in terms of radialisation. For instance, the radialisation level in Western Europe, North America, Central Europe is around 100%, 96%, 95% respectively. Even the world average radialisation (65%) is well ahead of Indian standards at 9.1%. However, the penetration of radial tyres is increasing fast in the country. Approximately 98% of passenger cars tyres now belong to radial category. Besides, the radial tyre penetration is surging fast in the commercial vehicle and truck & bus segment.
Our report provides an extensive research and objective analysis of the Indian tyre industry and its different segments. The report gives authentic statistics and information of market structure, tyre production, and demand by segments, exports, and imports trends till FY 2014. The market potential estimations and forecasts have also been covered for radial tyre industry and tubeless tyre segments to empower clients with cutting edge market intelligence.
The report also contains information about the regulatory environment and the leading industry players with focus on their business description and recent developments. Since the performance of tyre industry depends on the availability and prices of raw material, the report helps clients to understand the impact of rubber prices fluctuation on the tyre industry.
RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
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