LONDON, Nov. 26, 2015 /PRNewswire/ -- In 2014,
Brazil was the fourth-largest auto
market across the globe after China, US and Japan in terms of sales, and ranked seventh in
terms of production. Growing domestic demand for automobiles,
increasing per capita income levels of consumers and availability
of skilled workforce have attracted significant foreign direct
investments in the country over the last decade. Major global auto
manufacturers such as Fiat, Toyota, Hyundai, Volkswagen, Ford, GM,
and Nissan intend to either establish a new manufacturing facility
or expand their existing production facilities in Brazil, in order to address the growing tyre
demand in the coming years. Consequently, tyre market in Brazil is
projected to grow at a modest rate during the forecast period. In
addition, Brazil is slated to host
the mega sports event Olympic Games 2016, which is boosting growth
in construction and infrastructure sector, leading to higher
automotive demand in the country and this is in turn is anticipated
to surge demand for tyres as well.
According to "Brazil Tyre Market Forecast & Opportunities,
2020", the replacement tyre segment accounted for around 68% volume
share in Brazil tyre market in
2014. Moreover, replacement demand for tyres is anticipated to grow
at a faster rate during 2015-2020, as compared to OEM tyre demand.
As a result, the market share of replacement tyre segment is
expected to further increase through 2020. High government focus on
macroeconomic and infrastructure front is expected to significantly
benefit the country's tyre market in the coming years. Few of the
leading players operating in Brazilian market are Pirelli,
Michelin, Bridgestone, Goodyear, Continental AG and Rinaldi.
"Brazil Tyre Market Forecast & Opportunities, 2020" elaborates
on the following aspects of tyre market in Brazil:
- Brazil Tyre Market Size, Share & Forecast
- Segmental Analysis – Passenger Car Tyres, Light Commercial
Vehicle Tyres, Medium & Heavy Commercial Tyres, Two-Wheeler
Tyres and OTR Tyres
- Policy & Regulatory Landscape
- Changing Market Trends and Emerging Opportunities
- Competitive Landscape and Strategic Recommendations
Why You Should Buy This Report?
- To gain an in-depth understanding of tyre market in Brazil
- To identify the on-going trends and segment wise anticipated
growth in the next five years
- To help industry consultants, tyre companies and other
stakeholders align their market-centric strategies
- To obtain research based business decisions and add weight to
presentations and marketing material
- To gain competitive knowledge of leading players
- To avail 10% free customization in the report without any extra
charges and get research data or trends added in the report as per
the buyer's specific needs
Report Methodology
The information contained in this report is based on both primary
and secondary sources. Primary research included interviews with
tyre companies, distributors and industry experts. Secondary
research included an exhaustive search of relevant publications
like company annual reports, financial reports and proprietary
databases.
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