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Passenger Car Tires Market in Brazil 2015-2019

Passenger Car Tires Market in Brazil 2015-2019

About Passenger Car Tire Market in Brazil

With Brazil experiencing a multiyear drought in São Paulo state (São Paulo accounts for 40% of Brazil’s industrial production), a sluggish economy, and a major corruption scandal, investors have been pessimistic about the country’s economy. Furthermore, between 2013 and 2014, the net profits of small businesses in Brazil decreased due to high tax, high inflation, and interest rates, which led to high costs. The slowdown experienced by the economy has led to a fall in consumer confidence and GDP is expected to contract 1.08% in 2015 and grow by just about 1.1% in 2016.

The above factors had a huge impact on the automobile industry in Brazil. While the tire market in general has witnessed growth in the country, it was affected during the period of reduced economic activity, during 2013 and 2014, as total vehicle production and sales declined. On a broader level, passenger car registrations in Brazil dropped. In the near future, with relative stability in total automobiles in use and new automobile sales in the country, the tires market is expected to grow.

Technavio's analysts forecast the passenger car tire market in Brazil to grow at a CAGR of 3.06% over the period 2014-2019.

Covered in this Report

This report covers the present scenario and the outlook of the passenger car tires market in Brazil for 2015–2019. The market forecast and analysis have been provided in terms of volume.

The market includes the following segments:

  • Replacement segment
  • OEM segment
The report also presents the vendor landscape and a corresponding detailed analysis of the prominent vendors in the market. In addition, the report includes the major drivers that are influencing the growth of the passenger car tires market in Brazil. It also outlines the challenges faced by the vendors and the market at large, as well as the key emerging trends.

Technavio's report, the Passenger Car Tire Market in Brazil 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the passenger car tire market in Brazil landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors.

Prominent Vendors
  • Alliance Tire Group
  • Apollo Tyres
  • Bridgestone Americas Tire Operations
  • Ceat
  • Continental Tire the Americas
  • Giti Tire (USA)
  • Goodyear Tire & Rubber
  • Hankook Tire
  • Maggion
  • Marangoni
  • Maxxis International
  • Michelin
  • Nexen Tire
  • Nitto Tire USA
  • Pirelli Tyre
  • Toyo Tire & Rubber
  • Yokohama Rubber
  • Market Driver
    • Steady Need for Replacement of Old and Damaged Tires
    • For a full, detailed list, view our report
    Market Challenge
    • Slowing Brazilian Economy and its Impact on Automotive Industry
    • For a full, detailed list, view our report
    Market Trend
    • Online Purchases of Tires
    • For a full, detailed list, view our report
    Key Questions Answered in this Report
    • What will the market size be in 2019 and what will the growth rate be?
    • What are the key market trends?
    • What is driving this market?
    • What are the challenges to market growth?
    • Who are the key vendors in this market space?
    • What are the market opportunities and threats faced by the key vendors?
    • What are the strengths and weaknesses of the key vendors?


    Press Release

    Technavio Announces the Publication of its Research Report – Passenger Car Tires Market in Brazil 2015-2019

    Technavio recognizes the following companies as the key players in the Passenger Car Tires Market in Brazil: Apollo Vredestein, Bridgestone Europe, BRISA Bridgestone Sabanci Tire Manufacturing and Trading, Continental, Cooper Tire & Rubber, Debica, Deldo Autobanden, Falken Tyre Europe, FULDA Europe, Giti Tires, Goodyear Dunlop Tyres Europe, Goodyear Dunlop Tyres UK, Hwa Fong Rubber Industries, Interstate Tire & Rubber, Kumho Tire, Marangoni, Maxxis International, Michelin, Nankang Rubber Tire, Nexen Tire, Nokian Tyres, Pirelli Tyre, ROSAVA Tires, Sailun Group, Sumitomo Rubber Industries, Toyo Tire & Rubber, Triangle Group, Vee Rubber Group and Yokohama Rubber

    Commenting on the report, an analyst from Technavio’s team said: “Brazil, in terms of internet usage, is the seventh largest country in the world, and according to a recent study, the internet penetration was 43% in urban zones and 10% in rural areas. A new trend of buying tires online has evolved globally and this trend is catching up in Brazil as well. The trend of buying tires online has increased over the past few years. Young internet users are more receptive to buying tires online. Consumers are impressed by the benefits associated with buying tires online, such as saving both time and cost, being able to compare prices, and finding reasonably priced tires. The large variety and the current availability of tires, multiple payment options, and quick delivery to the required location are some of the other benefits that are associated with online purchase. This increased connectivity, along with the awareness and willingness of consumers to purchase tires online, is expected to have a positive impact on the sales of tires.”

    According to the report, the demand from the replacement tire market is influenced by macroeconomic indicators such as economic growth and the purchasing power of the consumer. Affected by the economic instability since 2012, passenger car sales in Brazil, during 2012-2014, went down by 12.18%. This created serious repercussions for the OEM tire market; however, the replacement tire market was relatively stable. The economic conditions are expected to stabilize by 2016-2017 and passenger car sales are expected to grow (in 2017-2018) and contribute to the growth of the OEM tire market. In addition, an increase in the number of on-road passenger cars directly influences the demand for replacement tires for passenger cars.

    Further, the report states that imposed industrial products tax has affected the imported and domestic car Market.

    Companies Mentioned

    Alliance Tire Group, Apollo Tyres, Bridgestone Americas Tire Operations, Ceat, Continental Tire the Americas, Giti Tire (USA), Goodyear Tire & Rubber, Hankook Tire, Maggion, Marangoni, Maxxis International, Michelin, Nexen Tire, Nitto Tire USA, Pirelli Tyre, Toyo Tire & Rubber, Yokohama Rubber

    • Executive Summary
    • List of Abbreviations
    • Scope of the Report
      • Market Overview
    • Market Research Methodology
      • Market Research Process
      • Research Methodology
        • Table Market Research Methodology
    • Introduction
      • Overview of Tire Market
        • Table Tire Manufacturing Process
      • Key Tire Manufacturers Segmentation by Geography
        • Table Key Tire Manufacturers Segmentation by Geography
      • Tire Industry Supply Chain
        • Suppliers
        • Tire Manufacturers
        • OEMs
        • Replacement Tire Market
      • Tires: Distribution Channels
      • Raw Materials Price Breakdown
        • Table Raw Materials Price Breakdown
      • Life Cycle of Tires
      • Factors Affecting Tire Prices
    • Market Landscape
      • Passenger Car Market in Brazil
        • Market Size
          • Table Passenger Car Production in Brazil 2009-2014 (thousand units)
          • Table Passenger Car Sales in Brazil 2009-2014 (thousand units)
      • Passenger Car Tires Market 2014-2019
        • Market Size and Forecast
          • Table Passenger Car Tires Market in Brazil by Customer 2014-2019 (by volume)
          • Table Passenger Car Tires Market in Brazil 2014-2019 (million units)
      • Five Forces Analysis
    • Market Segmentation by Customer
      • OEM Passenger Car Tires Market in Brazil
        • Market Size and Forecast
          • Table OEM Passenger Car Tires Market in Brazil 2014-2019 (million units)
      • Replacement Passenger Car Tires Market in Brazil
        • Market Size and Forecast
          • Table Replacement Passenger Car Tires Market in Brazil 2014-2019 (million units)
    • Buying Criteria
    • Market Growth Drivers
      • Table Drivers of Passenger Car Tires Market in Brazil
      • Table On-road Passenger Cars in Brazil 2014-2019 (thousand units)
    • Drivers and their Impact
    • Market Challenges
      • Table Challenges of Passenger Car Tires Market in Brazil
    • Impact of Drivers and Challenges
    • Market Trends
      • Table Trends of Passenger Car Tires Market in Brazil
    • Trends and their Impact
    • Vendor Landscape
      • Competitive Scenario
        • Table Key Vendors in Passenger Car Tires Market in Brazil (2014)
        • Key news
    • Key Vendor Analysis
      • Alliance Tire Group
        • Key Facts
        • Business Overview
        • Key Products in Agriculture Tires
          • Table Alliance Tire Group: Key Products in Agriculture Tires
        • Product Segmentation
          • Table Alliance Tire Group: Product Segmentation
        • Geographical Segmentation
          • Table Alliance Tire Group: Geographical Segmentation
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Apollo Tyres
        • Key Facts
        • Business Overview
        • Product Segmentation by Revenue 2013
          • Table Apollo Tyres: Product Segmentation by Revenue 2013
        • Geographical Segmentation by Revenue 2013
          • Table Apollo Tyres: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Bridgestone Americas Tire Operations
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Bridgestone Americas Tire Operations: Product Segmentation
        • Key Brands
          • Table Bridgestone Americas Tire Operations: Key Brands
        • SWOT Analysis
      • CEAT
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table CEAT: Product Segmentation
        • Geographical Segmentation by Revenue 2014
          • Table CEAT: Geographical Segmentation by Revenue 2014
        • Recent Developments
        • SWOT Analysis
      • Continental Tires the Americas
        • Key Facts
        • Business Overview
        • Product Categories
          • Table Continental Tires the Americas: Product Categories
        • Channels of Distribution
          • Table Continental Tires the Americas: Channels of Distribution
        • Recent Developments
        • SWOT Analysis
      • GITI Tire US
        • Key Facts
        • Business Overview
        • Recent Developments
        • SWOT Analysis
      • Goodyear
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Goodyear: Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Goodyear: Business Segmentation by Revenue 2012-2013 ($ billion)
        • Geographical Segmentation by Revenue 2013
          • Table Goodyear: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Key Developments
        • SWOT Analysis
      • Hankook Tire
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Hankook Tire: Product Segmentation
        • Geographical Segmentation by Revenue 2013
          • Table Hankook Tire: Geographical Segmentation by Revenue 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Maggion
        • Key Facts
        • Business Overview
        • SWOT Analysis
      • Marangoni
        • Key Facts
        • Business Overview
        • SWOT Analysis
      • Maxxis International
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Maxxis International: Product Segmentation
        • Geographical Segmentation
          • Table Maxxis International: Geographical Segmentation
        • Recent Developments
        • SWOT Analysis
      • Michelin
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2014
          • Table Michelin: Business Segmentation by Revenue 2014
        • Business Segmentation by Revenue 2013 and 2014
          • Table Michelin: Business Segmentation by Revenue 2013 and 2014 (US$ billion)
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Nexen Tire
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2014
          • Table Nexen Tire: Business Segmentation by Revenue 2014
        • Geographical Segmentation by Revenue 2014
          • Table Nexen Tire: Geographical Segmentation by Revenue 2014
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Nitto Tire U.S.A
        • Key Facts
        • Business Overview
        • Product Segmentation
          • Table Nitto Tire U.S.A: Product Segmentation
        • Geographical Presence
        • Recent Developments
        • SWOT Analysis
      • Pirelli
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2013
          • Table Pirelli: Business Segmentation by Revenue 2013
        • Business Segmentation by Revenue 2012 and 2013
          • Table Pirelli: Business Segmentation by Revenue 2012 and 2013 (US$ million)
        • Geographical Segmentation by Revenue 2013
          • Table Pirelli: Geographical Segmentation by Revenue 2013
        • Sales Segmentation by End-markets 2013
          • Table Pirelli: Sales Segmentation by End-markets 2013
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Toyo Tire & Rubber
        • Key Facts
        • Business Overview
        • Business Segmentation by Revenue 2014
          • Table Toyo Tire & Rubber: Business Segmentation by Revenue 2014
        • Geographical Segmentation by Revenue 2014
          • Table Toyo Tire & Rubber: Geographical Segmentation by Revenue 2014
        • Business Strategy
        • Recent Developments
        • SWOT Analysis
      • Yokohama Rubber
        • Key Facts
        • Business Overview
        • Business segmentation by revenue 2014
          • Table Yokohama Rubber: business segmentation by revenue 2014
        • Business segmentation by revenue 2013 and 2014
          • Table Yokohama Rubber: business segmentation by revenue 2013 and 2014 ($ billion)
        • Geographical segmentation by revenue 2014
          • Table Yokohama Rubber: geographical segmentation by revenue 2014
        • Business strategy
        • Recent developments
        • SWOT Analysis
    • Other Reports in this Series

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