Russia Tyre Market Forecast and Opportunities, 2020
Russia is one of the largest emerging economies in the world, and also the second largest automobile market in Europe, with a population size of around 150 million. Increasing urbanization, rising disposable income and low vehicle density continue to boost the country’s automobile market. It is projected that by 2020, Russia would become the largest automobile market in Europe and fifth largest automobile market across the globe. Over the last few years, automobile industry in Russia exhibited an increase in the demand for passenger cars. In 2014, more than 2.5 million motor vehicles were sold in Russia, of which, around 2.2 million were passenger cars. On account of high share of passenger cars in the country’s overall automobile fleet, Russia’s passenger car tyre segment continues to dominate the country’s tyre market.
According to “Russia Tyre Market Forecast & Opportunities, 2020, Russian tyre market is dominated by replacement tyre segment, which accounts for majority share in the country’s tyre market. However, the replacement tyre market is forecast to witness marginal increase in its value share through 2020. Further, the collective production of passenger cars, medium & heavy commercial vehicles, and light commercial vehicles in the country grew at a CAGR of over 7% during 2010 - 2014, which has been significantly boosting the demand for tyres over the last five years. In contrast to various other European countries, there are no mandatory rules and regulations for use of summer and winter tyres in Russia. Nevertheless, winter tyres currently account for around two-third of the total replacement tyre sales in Russia. “Russia Tyre Market Forecast & Opportunities, 2020” elaborates on the following aspects of tyre market in Russia:
Russia Tyre Market Size, Share & Forecast
Segmental Analysis – Passenger Car Tyres, Medium & Heavy Commercial Vehicle Tyres, Light Commercial Tyres, Off-The-Road (OTR) Tyres and Two-Wheeler 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 Russia
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% 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
The information contained in this report is based on both primary and secondary sources. Primary research included interviews with vehicle manufactures, tyre companies, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
List of Companies
1. Nizhnekamskshina Joint Stock Company 2. Nokian Tyres Limited 3. Pirelli Tyre Russia Limited Liability Company 4. Cordiant Open Joint Stock Company 5. Bridgestone C.I.S Limited Liability Company 6. Continental Kaluga LLC 7. Yokohama Russia Limited Liability Company 8. Hankook Tire Rus LLC 9. Altai Tyre Open Joint Stock Company 10. Michelin Russia and CIS 11. Belshina Open Joint Stock Company 12. Goodyear Russia Limited Liability Company