Trucks & Bus Radials to Witness Huge Demand in India

Improving sales in automobile sector and increasing economic activities will drive the growth of Indian Tyre Industry to grow at a CAGR of around 8% during 2010-2014, says RNCOS.

Noida, India (prHWY.com) May 12, 2011 - According to our research report "Indian Tyre Industry Analysis", the tyre industry in India is about to undergo a myriad of changes in coming years. One of the major changes will be the transition of Indian users of commercial vehicles from bias-ply tyres to radial tyres. A major share of growth is expected to come from offtake in Trucks & Buses segment, for which various industry players are adding capacities, sensing the future demand. With strong replacement demand and increasing automobile sales, the overall industry is expected to grow at a CAGR of 8% during 2010-2014.

According to our research, the country will witness a growing market for all sub segments of the market. Replacement market will be crucial for both passenger vehicles and commercial vehicles. Along with these segments, activity in utility vehicles and multipurpose vehicles will also sustain upward growth trend in the coming years. International export and import scenarios will also change substantially on the back of various reasons discussed in the report.

Further, our report discusses the direction, in which, the Indian tyre industry is likely to move in near term. The report also features forecast for market potential in all market segments. It also includes changing dynamics of market share among market players. Besides, our report provides a detail analysis and forecast on market potential of tubeless and radial tyres in coming years. It also covers the regulatory developments in the country's tyre industry.

"Indian Tyre Industry Analysis" provides latest developments in the tyre sector of India. Besides, the report analyzes the market drivers critical to the further growth and their impact on the tyre industry. Additionally, the report features business description of key players along with their recent activities. It also sheds light on the emerging market trends, which are expected to decide the future of the Indian tyre industry.

For FREE SAMPLE of this report visit: http://rncos.com/Report/IM267.htm

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About RNCOS:

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and 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 consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: india tyre industry

Categories: Automotive

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