NEW YORK, April 6, 2017 /PRNewswire/ -- In 2016, Brazil was among the top five automotive markets across the globe. Backed by increasing per capita income, growing domestic demand for automobiles along with implementation of favorable government policies are all driving demand for tires in Brazil. Government of Brazil is focusing on developing the country's infrastructure and industrial sectors in addition to taking various initiatives to enhance automobile manufacturing capacity in the country. This is in turn anticipated to boost demand for automobiles and thereby propel growth in the country's tire market during 2017-2022. Moreover, measures such as credit expansion for loans taken by the Brazilian government is boosting the country's tire market. Major global auto manufacturers such as Fiat, Toyota, Hyundai, Volkswagen, Ford, GM and Nissan intends to either establish a new manufacturing facility or expand their existing production facilities in Brazil.
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According to "Brazil Tire Market Forecast & Opportunities, 2022'', tire market in Brazil is projected to cross $6.7 billion by 2022. Passenger cars segment dominated Brazil tire market in 2016, and is expected to continue its dominance during the forecast period as well, on the back of expanding passenger car fleet size and increasing passenger car sales. Moreover, growing demand for two-wheelers and commercial vehicles, on account of their widespread use in transportation, infrastructure developments and construction sectors, is expected to drive growth in demand for tires in the country during 2017-2022. Few of the leading players operating in Brazil tire market include Pirelli, Michelin, Goodyear and Bridgestone. "Brazil Tire Market Forecast and Opportunities, 2012 - 2022" report elaborates following aspects of tire market in Brazil:
- Brazil Tire Market Size, Share & Forecast
- Segmental Analysis – By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium and Heavy Commercial Vehicle, Off-The-Road (OTR) Tires & Two-Wheeler); By Demand Category (OEM Vs Replacement); By Radial Vs Bias
- Policy & Regulatory Landscape
- Changing Market Trends and Emerging Opportunities
- Competitive Landscape and Strategic Recommendations
Why You Should Buy This Report?
- To gain an in-depth understanding of tire market in Brazil
- To identify the on-going trends and segment wise anticipated growth in the next five years
- To help industry consultants, tire companies and other stakeholders to align their market-centric strategies
- To obtain research based business decisions and add weight to presentations and marketing material
- To gain competitive knowledge of leading players
- To avail 10% customization in the report without any extra charges and get research data or trends added in the report as per the buyer's specific needs
Report Methodology
The information contained in this report is based on both primary and secondary sources. Primary research includes interviews with tire companies, distributors and industry experts. Secondary research includes an exhaustive search of relevant publications such as company annual reports, financial reports and proprietary databases.
Read the full report: http://www.reportlinker.com/p04518427/Brazil-Tire-Market-Forecast-Opportunities.html
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