Indian M&HCV Radial Tyre Market Witnessing Stupendous Growth

The market for radial tyres for mid-heavy commercial vehicles is anticipated to grow at a CAGR of 24% during FY 2011-2015, says RNCOS.

Noida, India (prHWY.com) June 25, 2012 - A new research report titled, "Indian Radial Tyre Market Outlook to 2015", from RNCOS says that in India, the demand for medium and heavy passenger carriers have been increasing incessantly. Keeping in view the huge potential of the Indian medium and heavy passenger carrier market, there is a demand for quality tyres and hi-tech methods for the manufacturing of tyres. Automobile manufacturers have also started adopting radial technology owing to the benefits offered by it. They are represented as an add-on feature in their vehicles for enhanced performance and productivity. Considering the above factors, the market of radial tyres for mid-heavy commercial vehicles will grow at a CAGR of 24% during FY 2011-2015.

Our research highlights that, players are not only expanding their capacities but trying to create awareness among the end-users about the benefits of the radial tyres. These initiatives are necessary from India's perspective as people here are cost conscious and until they are not well informed about the benefits related to that cost they might not easily accept the new steel tyres. Further, the Indian radial tyre market has attracted global manufacturers on account of encouraging growth figures as the radial tyre market is expected to grow at a CAGR of 21% during FY 2011-2015.

The report, "Indian Radial Tyre Market Outlook to 2015", by RNCOS which is spread over 50 pages provides an in-depth research and rational analysis of the market for radial tyres for various segments in India. It also facilitates the forecasts on total radial market, market of radial tyres for passenger vehicles, LCV's and Mid-heavy Vehicles. Besides, it provides analysis of India in the global context. The analysis of the market drivers and trends as well as analysis of raw material and rubber prices is also included in the report.

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 radial tyres

Categories: Automotive

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