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(Transportation-News.com, July 04, 2015 ) The analysts forecast the passenger car tires market in Italy to grow at a CAGR of 5.55% over the period 2014-2019.
The automotive industry in Italy is one of the major contributors to the nation's economy, and it contributes significantly to the nation's GDP. The automobile industry in Italy is export-oriented, with the majority of vehicles being exported to Europe, Asia, and the Americas.
The OEM market for tires in Italy had been experiencing a stable growth rate for many years before the economic crisis as new car registrations averaged a growth rate of approximately 7% on a yearly basis before 2008. New vehicle registrations in the country, every year, ensure the positive prospect for the replacement tire market, as tires are subject to wear and tear with vehicle usage. Currently, the country, however, is in the relatively stable condition as economic conditions have improved with time, and the export-oriented industries in Italy have been able to revive the growth of the economy. Passenger car sales in Italy achieved a growth rate of 4% in 2014 as compared to 2013.
Covered in this Report
The report covers the present scenario and the growth prospects of the passenger car tires market in Italy for the period 2015-20149. Based on distribution channel, the passenger car tires market in Italy can be segmented into two: OEM and replacement. To calculate the market size, the report considers revenue generated through the sales from these two segments.
The report, Passenger Car Tires Market in Italy 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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Key Vendors
Apollo Vredestein
Bridgestone Europe
Continental
Goodyear Dunlop (EMEA)
Michelin
Pirelli
Other Prominent VendorsCooper Tire & Rubber
Debica
Hankook Tire Group
Nankang Rubber Tire
Nokian Tyres
Syron Tires
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Key Market Driver
Growing Demand for Passenger Cars
Key Market Challenge
Competition among Vendors
Key Market Trend
Use of Bio-oils in Tire Manufacturing
Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be
What are the key market trends
What is driving this market
What are the challenges to market growth
Who are the key vendors in this market space
What are the market opportunities and threats faced by the key vendors
What are the strengths and weaknesses of the key vendors
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