Market Report Forecast and Opportunities on Spain Tyre - 2020

Jan 21 2016 Mumbai, India: Bharatbook.com announces a report on “ Market Report Forecast and Opportunities on Spain Tyre – 2020 ”. The replacement tyre segment in the country accounted for the majority market share in 2014, and the segment is anticipated to witness higher growth over the forecast period as compared to OEM tyre segment.

Spain is the fourteenth largest economy in the world, and the fifth largest economy in the European Union. https://www.bharatbook.com/automotive-market-research-reports-744044/tyre-spain.html The country’s vehicle fleet is dominated by passenger cars, accounting for more than 65% of the total vehicle fleet, followed by commercial vehicles and two-wheelers. As a result, in 2014, passenger car tyre segment accounted for the largest share in Spain tyre market, followed by light commercial vehicle tyre, two-wheeler tyre, medium & heavy commercial vehicle tyre, and OTR tyre segments. Passenger car tyre segment is anticipated to continue its market dominance through the forecast period as well.

According to “Spain Tyre Market Forecast and Opportunities, 2020”, the tyre market in Spain is projected to reach US$ 2.85 billion by 2020. The replacement tyre segment in the country accounted for the majority market share in 2014, and the segment is anticipated to witness higher growth over the forecast period as compared to OEM tyre segment. Major factors driving growth in Spain tyre market include expanding automobile fleet and growing automobile production in the country. While, Michelin and Bridgestone have their tyre manufacturing plants in the country, other major tyre companies like Continental, Pirelli, Goodyear, Yokohama, Belshina, etc., rely on the import route to sell tyres in the country. “Spain Tyre Market Forecast and Opportunities, 2020”, elaborates on the following aspects of tyre market in Spain:

• Spain Tyre Market Size, Share & Forecast

• Segmental Analysis – Passenger Cars, LCVs, Two-Wheelers, M&HCVs and Off-the-Road...