South Africa Tyre Market Forecast and Opportunities, 2019

Navi Mumbai, India, November 21, 2014: Marketreportsonsouthafrica.com presents a new report on “South Africa Tyre Market Forecast and Opportunities, 2019”. Major global automobile manufacturers have established their production or assembly plants in the country to address the growing domestic and global demand.

Synopsis

Increasing automobile exports and continuous launch of new vehicle models in the domestic market are driving the tyre industry in South Africa. Also, South Africa has various trade agreements such as SADC (Southern African Development Community), EAC (East African Community), COMESA (Common Market for Eastern and Southern Africa) and BRICS, which have helped the country in establishing itself as a manufacturing base for automotive products.

According to “South Africa Tyre Market Forecast & Opportunities, 2019”, the South African tyre market is expected to witness phenomenal growth over the next five years due to the increasing exports and domestic sales of automobiles coupled with the demand for tyres in the replacement market. The tyre market in South Africa is projected to grow at a CAGR of around 9% during 2014-19. The presence of major auto OEMs is expected to drive the tyre demand in OEM as well as in replacement market due to presence of large vehicle parc in the country. “South Africa Tyre Market Forecast & Opportunities, 2019”, discusses the following aspects related to the growth of tyre industry in South Africa:

• South Africa Tyre Market Size, Share & Forecast

• Segmental Analysis – Passenger Cars, Commercial Vehicle, and OTR

• Changing Market Trends & Emerging Opportunities

• Policy & Regulatory Landscape

• Competitive Landscape & Strategic Recommendations

Why You Should Buy This Report?

• To gain an in-depth understanding of tyre market in South Africa

• To identify the on-going trends and anticipated growth in the coming years

• To help industry consultants, and other stakeholders to align their market-centric...