Iran Tyre Market Forecast & Opportunities, 2018
(M2 PressWIRE Via Acquire Media NewsEdge) Dublin - Research and Markets (http://www.researchandmarkets.com/research/pjvqjf/iran_tyre_market) has announced the addition of the "Iran Tyre Market Forecast & Opportunities, 2018" report to their offering.
The tyre market in Iran is expected to grow at a CAGR of around 7% during 2013-18 in revenue terms.
Iran has the largest automotive industry among the Middle East countries. In Iran, the automobile industry is also the second largest sector after oil and gas. As Iran is surrounded by about 20 developing countries, the country provides ample opportunities to various major domestic automotive manufacturers such as Khodro and Sapia to access neighboring markets that offer a potential customer base of over 300 million. These players, apart from catering to the domestic automobile demand, also export automobiles to neighboring countries such as Kazakhstan, Venezuela, Turkmenistan, Ukraine, etc.
These manufacturers, along with their own car models, have secured licenses from global automotive players for the manufacturing different car models. In 2011, Iran was ranked 11th in terms of global automobile production, however, due to sanctions imposed on the country by the US and EU, the country's position slipped to 18th in 2012. The sanctions affected the economy of Iran as the automobile production and sales volume registered a double digit negative year-on-year growth in 2012. However, by the end of 2013, the sanctions on Iran were removed. This is expected to significantly boost the automotive and tyre industry of the country over the next five years.
The primary reason can be attributed to anticipated increase in demand for automobiles and tyres in the domestic market over the next five years. In 2012, about 50% of the total fleet of automobiles in Iran was more than 25 years old and the vehicle per capita in Iran was also low with about 89 vehicles per thousand people. The tyre market in Iran is dominated by domestic manufacturers such as Barez, Kavir, Yazd and Goldstone, while global players such as Goodyear, Kumho, Bridgestone and Pirelli also account for a significant market share. Major provinces such as Azerbaijan and Khuzestan, and cities such as Tehran and Semnan are expected to generate considerable demand for tyres over the next five years.
Key Topics Covered:
1. Executive Summary
2. Iran Tyre Market Outlook
3. Iran Replacement Tyre Market Outlook
4. Iran Passenger Car Tyre Market Outlook
5. Iran Two Wheeler Tyres Market Outlook
6. Iran Commercial Vehicle Tyres Market Outlook
7. Iran OTR Tyre Market Outlook
8. Price Point Analysis
9. Raw Material Analysis
10. Market Dynamics
11. Policy & Regulatory Landscape
12. Market Trends & Developments
13. Iran Economic Profile
14. Competitive Landscape
15. Strategic Recommendations
16. Research Methodology
For more information visit http://www.researchandmarkets.com/research/pjvqjf/iran_tyre_market
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Sector: Tyres (http://www.researchandmarkets.com/categories.asp?cat_id=267&campaign_id=pjvqjf)
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