Radialization Bringing a Paradigm Shift in Indian Tyre Industry

Radial tyre market in India is projected to grow at a CAGR of around 19% during FY 2012-2016, says RNCOS in its latest research report.

NOIDA, India (prHWY.com) December 31, 2012 - Indian tyre industry is witnessing splendid growth over the past few years. Its radial tyre segment is gaining popularity compared to other segments in the industry. With the increasing customer's demand for better mileage and durability, radial tyres are swiftly replacing the conventional tyres. For the same, most of the manufacturers are also focusing on increasing their radial tyre production capacity. In future, with the government initiatives for the improvement of roads along with huge investment ventures by tyre makers, Indian radial tyre market is anticipated to grow at a CAGR of around 19% during FY 2012-2016.

Moreover, according to our latest research report, "Indian Tyre Industry Forecast to 2015", the industry is growing on the back of increasing automobiles demand, rapid global expansion, and better quality production. Introduction of eco-friendly tyres along with tubeless tyre and tyre retreading market is adding fuel in its ever growing demand. Besides, imports are increasing due to the rapidly growing domestic demand and for obtaining the benefits from re-exports.

As per our findings, raw material captures the highest share in total operating cost. As being a raw material-intensive industry, the prices of the tyres are highly dependent on the raw materials prices. The report covers cost analysis including raw material, labor, energy and sales and distribution cost etc. for the tyre manufacturing in India. Besides this, the report covers in-depth analysis of tyre production & sales by segment in the country. The segments covered, in our research includes passenger cars, utility vehicles, multi-purpose vehicles, commercial passenger carriers, commercial goods carriers & two-wheelers.

Our report, "Indian Tyre Industry Forecast to 2015", is the outcome of extensive research and objective analysis of the tyre industry in India. It provides in-depth information on the new technologies along with proposed capacity expansion projects of major players in the country. In addition, it also includes future plans & strategy of key players coupled with the comprehensive analysis of their strength and weakness. Our research also includes the regulatory environment and emerging market trends to present a balanced research outlook of the Indian tyre industry.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM463.htm

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About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: indian tyre industry

Categories: Automotive

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