Indian tyre industry is on a brink of major structural change Bharatbook added a new report on "Indian Tyre Industry" which gives challenges, demand and the factors influencing the growth of Indian tyre industry. Indian Tyre Industry Domestic tyre industry has witnessed a remarkable recovery in FY10, after a slowdown in FY09. This growth was driven by strong revival in automobile demand on the back of resurgence in economy, rise in employment levels, and easing of interest rate scenario. Although strong demand growth is an encouraging scenario for the domestic industry, rising imports has become key concern factor off-late. Conservative estimates of tyre manufactures on automobile demand scenario for FY10, led to supply constraints in the industry and in-turn pushing imports. The situation was graver in T&B and passenger car category tyres as compared to any other category. However, gauging the immense market potential almost all the major manufacturers have announced aggressive expansion plans for next 4 – 5 years which is expected to ease out the supply constraint situation in the industry. ( http://www.bharatbook. com/detail.asp?id=71341&rt=Indian-Tyre-Industry.html ) The tyre industry is on a brink of a major structural change. T&B which is a dominant segment in terms of tonnage is witnessing a gradual rise in the proportion of radial tyres. Going by the global trend it seems that the radial tyre demand in India is at inflection point and with almost 97 – 98 per cent of the passenger car tyre production has been radialised, T&B tyre category is the next major category to witness spurt in the demand for radial tyres. And with improvement in road infrastructure and better cost economics the proportion of radial tyres in T&B category is expected to expand by around seven times from the current levels. Sighting this opportunity, almost all the expansion plans for T&B category tyres are for radial category tyres. In FY10, almost all the manufacturers reported healthy rise in their top-line, driven by growth in both volumes and realisation. Operating margins also observed improvement owing to sharp drop in raw material prices. Going forward it is expected that, industry’s top-line will continue to witness healthy growth scenario, however industry would face challenge of rising raw material prices and increase in interest cost. It has developed detailed model for forecasting OEMs as well as replacement demand for all the tyre categories like Truck and Bus (T&B), passenger vehicles, two-wheelers, three-wheelers, tractors and light commercial vehicles (LCV). Strong understanding of automobile as well as tyre sector is percolated down to the auto component sector and thus the demand for tyres is forecasted as well on the basis of projected automobile sales and population. To know more and to buy a copy of your report feel free to visit : http://www.bharatbook.com/detail.asp? id=71341&rt=Indian-Tyre-Industry.html Related Reports :
Tyres - Top 5 European Markets Overview 2009 http://www.bharatbook.com/detail.asp?id=130159&rt=Tyres-Top-5-European-Markets-Overview-2009. html Global market review of automotive tyres - forecasts to 2017 http://www.bharatbook.com/detail.asp?id=100381&rt=Global-market-review-of-automotive-tyresforecasts-to-2017.html Or Contact us at : Bharat Book Bureau Tel: +91 22 27578668 Fax: +91 22 27579131 Email: info@bharatbook.com Website: www.bharatbook.com Follow us on twitter: http://twitter.com/3bbharatbook India,Tyre,rubber,market research reports,aggregator,demand forecast,market,research,report,market forecast,market share,market growth,market leaders,market report,market research Bharat Book Bureau facilitates companies to take the lead of their industry with best practice business strategies and intelligence, through a unique combination of published reports, databases, country reports, company profiles and customized research services. Bharat Book Bureau provides strategic information tools to the executives, business analysts, and knowledge managers that will help them to probe into and support critical, timely business decisions and strategies.