Replacement Demand to Propel Radial Tyre Industry

Radial tyre market is projected to grow at a CAGR of 21% during FY 2011-2015, says RNCOS in its latest research report.

NOIDA, India (prHWY.com) March 14, 2013 - On the back of strong growth in automobile sales over the past few years, demand for replacement of radial tyres is expected to grow tremendously in future. As per our research, the radial tyre market is growing immensely owing to strong developments in the automobile sector, improving purchasing power and growing technological capabilities. Further, rising radialization levels is also boosting the demand for replacements in the country. Considering the above factors, the market for radial tyres is anticipated to grow at a CAGR of 21% during FY 2011-2015.

As per our latest research report, "Indian Radial Tyre Market Outlook to 2015", India has emerged as one of the world's most competitive radial tyre markets due to the vast availability of natural rubber, and ultramodern production facilities. In India, the players are not only expanding their capacities but trying to create awareness among the end-users about the benefits of the radial tyres. This, in turn, has, improved their market shares and given a new dimension to the Indian Radial Tyre Industry. Also, various international manufacturers are now coming up with new investments for radial tyre projects and boosting the demand for International tyres in the country.

The report provides an in-depth research and rational analysis of the market for radial tyres in India. The comprehensive study provides forecasts for the total radial market in India, and the radial tyre market size for passenger vehicles, light commercial vehicles, and Mid-heavy Vehicles. Also, the report includes trade analysis of radial tyres covering motor car, buses and lorries coupled with the information about the upcoming manufacturing plants in Radial Tyre Industry. Further, we have analyzed the state of raw material for the tyres in the country followed by price analysis of rubber and the tyre retreading analysis to present a comprehensive research outlook of the Indian radial tyre industry. In addition to that, to provide knowledge about the existing competition to the clients, our report also provides information the major players with their recent developments. 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/IM410.htm

Some of our Related Reports are:

- Indian Tyre Industry Analysis (http://www.rncos.com/Report/IM267.htm)
- India Commercial Vehicle Market Analysis (http://www.rncos.com/Report/IM259.htm)
- Two-wheeler Market in India (http://www.rncos.com/Report/IM364.htm)

Check Related REPORTS on: http://www.rncos.com/Transportation.htm

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: india tyre production

Categories: Automotive

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