Trucks and Buses' Radial Segment Exhibiting Huge Growth Potential

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) March 1, 2013 - Trucks and buses' radial tyre segment is exhibiting a tremendous growth in India owing to improved roads, the ruling against overloading by the Supreme Court and better communication and education on the advantages of radials. Besides that, in radial tyre, trucks & buses segment's penetration rate has reached 17% and is expected to grow further in the coming years. In addition to that, various major players, such as JK Tyres, Apollo Tyres, CEAT, MRF and Michelin etc are working on capacity expansion plans for T&B radial tyres, which are expected to be operational over the next few years. Considering the above factors, radial tyre market in India is anticipated to grow at a CAGR of around 19% during FY 2012-2016.

According to our latest research report, "Indian Tyre Industry Forecast to 2015", Indian Tyre Industry is witnessing splendid growth over the past few years. As obvious, tubeless tyre market is witnessing stupendous growth in Indian market as almost all the automobile manufacturers are launching their vehicles with tubeless tyres. Besides, major Indian tyre manufacturers, such as JK Tyres and MRF are also focusing on a new range of eco-friendly tyres that can improve fuel efficiency without affecting protection and toughness. On the back of theses advancements, demand for tyres is rising in the country leading to capacity expansion strategies of manufacturers to meet the above growing demand.

Our report, "Indian Tyre Industry Forecast to 2015", is the outcome of extensive research and objective analysis of the Tyre Industry in India. It covers analysis of tyre production and sales by segment in the country. These segments include passenger cars, utility, vehicles, multi-purpose vehicles, commercial passenger carriers, commercial goods carriers and two wheelers. Also, the report provides in-depth information on the new technologies along with proposed capacity expansion projects of major players in the country. It also includes future plans and strategy of key players coupled with the comprehensive analysis of their strength and weakness. Cost analysis including raw material, labor, energy and sales and distribution cost etc have also been duly covered in this report. Besides, our research includes the regulatory environment and emerging market trends to present a balanced research outlook of the Indian Tyre Industry. In all, the report presents a comprehensive look at the sector's past, present, and future scenario.

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: Transportation

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