Indian Radial Tyre Industry Poised to Grow Magnificently

The market for radial tyres will grow remarkably in India during FY 2011-FY2015, forecasts RNCOS.

Noida, India (prHWY.com) June 3, 2012 - In the past few years, 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. According to a new research report by RNCOS, the focus of the leading players has shifted towards brand establishment and strengthening distribution network. This, in turn, has, improved their market shares and given a new dimension to the Indian radial tyre industry. It is estimated that on back of strong developments in the automobile sector, improving purchasing power, and growing technological capabilities, the market for radial tyres will expand in India at a CAGR of 21% during FY 2011-2015.

Research Analysis and Highlights

The 55-page report, "Indian Radial Tyre Market Outlook to 2015" 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. The thorough research work also includes the analysis of the Indian radial tyre market in the global context. For complete understanding of the market, the report also analyzes drivers, key trends, and raw material prices.

Some of the report's key highlights include:

- The advantages of radial tyres, like fuel efficiency, longevity, and retreading are the major driving force for the industry.
- The market for radial tyres in the mid-heavy commercial vehicles segment is expected to expand at a CAGR of 24% during FY 2011-FY2015.
- Higher demand-supply gap in radial tyres leads to higher imports in India.
- Capacity expansion plans will result into higher tyre production during the forecast period.

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: indian radial tyre

Categories: Automotive

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