APAC Tire Market to Grow at 8% Till 2021: TechSci Research Report

According to recently released TechSci Research report, "Asia-Pacific Tire Market Forecast and Opportunities, 2021", the tire market in Asia-Pacific region is forecast to grow at a CAGR of over 8% during 2016 - 2021, on account of increasing automobile production and expanding vehicle fleet, especially in China and India. In 2011, two-wheeler tire segment dominated the Asia-Pacific tire market in volume terms. However, the scenario changed in 2015, and passenger car tire segment accounted for the largest share in the region's tire market, owing to increasing sales of passenger cars due to rising disposable income and expanding middle class consumers. The region's tire market is dominated by the replacement tire segment on account of continuing expansion of automotive fleet.

     (Logo: http://photos.prnewswire.com/prnh/20140117/663730 )

Browse 91 market data Tables and 135 Figures spread through 355 Pages and an in-depth TOC on     

"Asia-Pacific Tire Market" 

https://www.techsciresearch.com/report/apac-tire-market-forecast-opportunities/855.html

China and India are the major demand generating countries for tires in the Asia-Pacific region, due to growing population base, expanding middle class population and rising disposable income. In 2015, the population of China and India stood at 1.37 billion and 1.31 billion, respectively. Launch of "Automotive Mission Plan, 2016-2026" is anticipated to augment the automobile production in India in the coming years, which is expected to drive demand for tires through 2021. Presence of major automotive OEMs such as Ford, Hyundai, Honda, Mahindra, Maruti Suzuki, TATA, BMW, etc., is propelling OEM tire demand in Asia-Pacific. Nevertheless, replacement segment continues to dominate demand for tires in the region due to continuing expansion of automobile fleet in Asia-Pacific.

Download Sample Report  

@ https://www.techsciresearch.com/sample-report.aspx?cid=855

Customers can also request for 10% free customization on this report. 

"Asia-Pacific is undergoing a major infrastructure transformation. A large number of huge construction projects are underway or in pipeline, owing to growing developmental activities being undertaken in energy, communication, transport, water, health and housing sectors across the region. Consequently, demand for tires in Asia-Pacific is expected to continue growing over the next five years, on account of increasing vehicle sales as well as expanding vehicle fleet, both in commercial as well as non-commercial vehicle segments. Furthermore, rising number of automobile exports coupled with growing customer inclination towards purchasing passenger cars is expected to drive Asia-Pacific tire market during the forecast period.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

"Asia-Pacific Tire Market Forecast and Opportunities, 2021" has evaluated the future growth potential of Asia-Pacific tire market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Asia-Pacific tire market.

Browse Related Reports 

Global Commercial Drone Market By Drone Type (Rotary Blade Drone, Fix Wing Drone, Hybrid Drone & Nano Drone), By Application (Mapping, Surveying & Photography, Precision Agriculture, etc.), By Region, Competition Forecast & Opportunities, 2015 - 2021 

https://www.techsciresearch.com/report/global-commercial-drone-market-by-drone-type-rotary-blade-drone-fix-wing-drone-hybrid-drone-nano-drone-by-application-mapping-surveying-photography-precision-agriculture-etc-by-region-competition-forecast-opportunities-2015-2021/666.html.

Global Tire Market Forecast & Opportunities, 2021 

https://www.techsciresearch.com/report/global-tire-market-forecast-opportunities-2021/734.html

Qatar Earthmoving Equipment Market By Type (Excavators, Loader, Motor Grader & Bulldozer), Competition Forecast & Opportunities, 2011-2021  

https://www.techsciresearch.com/report/qatar-earthmoving-equipment-market-by-type-excavators-loader-motor-grader-bulldozer-competition-forecast-opportunities-2011-2021/745.html

India Automotive Components Market By Vehicle Type (PC, LCV, M & HCV, 2W, 3W & OTR), By Demand Category (OEM vs Replacement), By Component Type (Engine Parts, Body & Chassis, Suspension & Brakes, etc.), Competition Forecast and Opportunities, 2011 - 2021  

https://www.techsciresearch.com/report/india-automotive-components-market-by-vehicle-type-pc-lcv-m-hcv-2w-3w-otr-by-demand-category-oem-vs-replacement-by-component-type-engine-parts-body-chassis-suspension-brakes-etc-competition-forecast-and-opportunities-2011-2021/749.html

About TechSci Research 

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York - 10017
Tel: +1-646-360-1656
Email: [email protected]

Connect with us on Twitter - https://twitter.com/TechSciResearch

Connect with us on LinkedIn - https://www.linkedin.com/company/techsci-research

SOURCE TechSci Research