Demand for Commercial Vehicles Strengthening Indian CV Tyre Industry

The potential market for commercial vehicle tyres is anticipated to grow at a CAGR of 15% during FY 2012-2015, says RNCOS.

NOIDA, India (prHWY.com) September 6, 2012 - The commercial vehicle industry of India is growing at a healthy pace. The country's growing economy, coupled with robust growth in industrial sector, higher freight availability and better infrastructure are providing a strong boost to the commercial vehicle industry. The improved road connectivity and increasing dependency of logistics on roadways are also contributing to this growth. As the Indian commercial vehicle sales are expected to post considerable growth in future, it is creating opportunities for the players in tyre Industry. According to "India Commercial Vehicle Market Analysis", a recent report by RNCOS, the potential market for commercial vehicle tyres (OEMs) is expected to grow at a CAGR of 15% during FY 2012-2015.

Though the commercial vehicles' production is one of the lowest among all automobile segments in India, it constitutes a significant share in the tyre industry. The prices of commercial vehicle tyres are considerably higher as compared to other vehicles' tyres. Also, these vehicles require more number of tyres than passenger carriers. Due to such attributes, commercial vehicles tyre segment has greater market potential than other divisions.

Further, the report by RNCOS has critically evaluated the factors responsible for the growth of Indian commercial vehicle industry, with special focus to the present and past market trends. The report offers detailed analysis of production, sales and exports of passenger and goods carrier commercial vehicles. It also studies the related industries, such as auto-component and used commercial vehicle industry to have a complete understanding of the market. Additionally, the report provides regional analysis of the industry. Thus, it is intended to help the clients understand the market potential and future growth prospects of the Indian commercial vehicle industry.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM259.htm

Some of our Related Reports are:

- Two-wheeler Market in India (http://www.rncos.com/Report/IM364.htm)
- Used Car Market in India (http://www.rncos.com/Report/IM360.htm)
- India CNG Vehicle Market Analysis (http://www.rncos.com/Report/IM359.htm)
- Indian Tyre Industry Analysis (http://www.rncos.com/Report/IM267.htm)
- Vietnam Automobile Forecast 2014 (http://www.rncos.com/Report/IM348.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: lcv goods carrier

Categories: Automotive

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