Report Forecast on Angola Tyre Market Industry [2020]

Dec 18 2015 Mumbai, India: Bharatbook.com announces a report on “ Report Forecast on Angola Tyre Market Industry [2020] ”. Automobile sector in Angola lacks presence of any automobile OEMs. Moreover, the country does not have any tyre manufacturing facilities.

Due to low motorization rate of around 37 vehicles (passenger cars & commercial vehicles) per 1000 people in 2013, Angola’s automotive industry offers considerable growth potential. https://www.bharatbook.com/automotive-market-research-reports-736781/angola-tyre.html Over the last few years, the automobile sector in the country has been witnessing an uptick in investments, with vehicle imports also exhibiting growth. This has translated into boosting demand for other automotive products in the country, including tyres. Automobile sector in Angola lacks presence of any automobile OEMs. Moreover, the country does not have any tyre manufacturing facilities. Due to this reason, the tyre market of the country is entirely replacement and import driven.

According to This report, “Angola Tyre Market Forecast & Opportunities, 2020”, Angola’s focus on diversification into non-oil sectors, coupled with growing construction activities, expanding vehicle fleet and increasing automobile sales are expected to drive the country’s tyre market at a CAGR of more than 10% during 2015 - 2020. During 2010-2014, the passenger car tyre segment was among the key segments in the country’s tyre market, and this trend is expected to continue during the forecast period as well. Decline in crude oil prices to USD60 per barrel in 2014, has widened the country’s deficit, leading to retrenchment of public expenditure in infrastructure and construction activities. However, the country has various infrastructure projects in pipeline, which are forecast to drive the commercial vehicle and OTR tyres market over the course of next five years. “Angola Tyre Market Forecast & Opportunities, 2020” report elaborates following aspects related to...