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(MoneyNewsWire.Net, July 07, 2015 )
About Passenger Car Tires Market in Italy
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.
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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.
Technavio's analysts forecast the passenger car tires market in Italy to grow at a CAGR of 5.55% over the period 2014-2019.
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.
Technavio's 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.
Key Vendors
• Apollo Vredestein
• Bridgestone Europe
• Continental
• Goodyear Dunlop (EMEA)
• Michelin
• Pirelli
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Other Prominent Vendors
• Cooper Tire & Rubber
• Debica
• Hankook Tire Group
• Nankang Rubber Tire
• Nokian Tyres
• Syron Tires
Key Market Driver
• Growing Demand for Passenger Cars
• For a full, detailed list, view our report
Key Market Challenge
• Competition among Vendors
• For a full, detailed list, view our report
Key Market Trend
• Use of Bio-oils in Tire Manufacturing
• For a full, detailed list, view our report
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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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