New Reports from TechSci Research Evaluate Tire Market in 80 Countries

TechSci Research's latest tire market reports evaluate the current volatile nature of the industry which is facing declines in mature markets such as the U.S. and growth in the emerging economies of India and Vietnam.

February 11, 2016

TechSci Research

TechSci Research, a leading New York based market research firm, has announced the launch of market research reports for the tire industry covering 80 countries.

The global tire industry is witnessing a lots of ups and down with declining growth in mature markets like the USA, Canada and Australia, and emerging economies like India, China and Vietnam emanating new growth spectrums. The last decade has proved to be quite interesting for many companies riding on the back of manufacturing growth in China but with changing market dynamics and specially after the announcement of Indonesia, Malaysia and Thailand pledging to reduce natural rubber exports by 615,000 tons till August 2016 will result in price stabilization for natural rubber.

In addition, removal of sanctions over Iran has opened up a closed market waiting for a long time to boost automotive and tire sales in the country. The next 5 years are expected to be extremely interesting with lots of movement in the sector such as many countries exploring possibilities of anti-dumping duty on Chinese tires followed by declining OEM production, rising wages in China, increasing online tire sales and the most important changing consumer sentiments with increasing per capita income.

TechSci Research's individual market research reports are in-depth market intelligence reports providing deep contextual knowledge about a country's tire market such as tire and vehicle production, market size by value and volume, followed by market share for leading tire companies, market size by vehicle type such as passenger car tires, Off The Road (OTR) tires, Light Commercial Vehicle tires, Heavy Commercial Vehicle tires, Two Wheeler tires and much more.

These 80 tire research reports go a step ahead in sharing further market segmentation such as radial versus bias tires adoption, sales being generated by traditional retailers versus online tire sales along with tire import and export analysis for each country. These reports don't just provide a lot of data for each country but also explains the market dynamics such as the reasoning why markets are growing or declining along with local government policies and regulations impacting the automotive sector including taxes such as custom duties on tires and much more. These reports act as a bible for a lot of clients of TechSci Research in capturing new markets or increasing market share in existing markets.

The list of 80 countries covered by TechSci Research includes: