Jsb Market Research : Russia Tyre Market Forecast and Opportunities, 2019

Russia Tyre Market Forecast and Opportunities, 2019

Released On 8th October 2014

Over the last decade, Russia has been one of the best performing economies in Eurasia and the countrys disposable income has also witnessed an upsurge. Several foreign automobile manufacturers are focusing on setting up their new automobile facilities in the country or expanding their existing production capacities. As a result of this positive environment surrounding the countrys automobile industry, the tyre market in Russia is also witnessing continuous growth. Increasing urbanization, rising disposable income and low vehicle density continue to boost the countrys automotive market. The tyre market in Russia is dominated by both global as well as domestic tyre companies. Leading tyre players operating in Russia includes Yokohama, Nokian, Nizhnekamskshina, Continental, Pirelli, Bridgestone, Michelin, etc.

According to Russia Tyre Market Forecast & Opportunities, 2019, the countrys tyre market is expected to cross US$ 6 billion in 2014. The Russian tyre market is mainly dominated by replacement tyre market, which accounts for majority of the market share in the countrys tyre market. The rising automobile production and sales in passenger car commercial vehicles, motorcycles and OTR vehicles over the last five years is expected drive replacement tyre sales in the country. In addition the upcoming FIFA World Cup in 2018 and entrance of Russia in WTO, which would reduce the import duties on automobiles is further expected to provide the much awaited thrust to the industry. Russia Tyre Market Forecast & Opportunities, 2019 report elaborates following aspects of tyre market in Russia:

Russia Tyre Market Size, Share & Forecast

Segmental Analysis Passenger Car, Commercial, OTR, etc.

Policy & Regulatory Landscape

Changing Market Trends & Emerging Opportunities

Competitive Landscape & Strategic Recommendations

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