|By PR Newswire||
|April 1, 2014 07:01 PM EDT||
DUBLIN, April 2, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/crvdfg/south_africa_tyre) has announced the addition of the "South Africa Tyre Market Forecast and Opportunities to 2019" report to their offering.
According to South Africa Tyre Market Forecast & Opportunities to 2019, the South African tyre market is expected to witness phenomenal growth over the next five years due to the increasing exports and domestic sales of automobiles coupled with the demand for tyres in the replacement market. The tyre market in South Africa is projected to grow at a CAGR of around 9% during 2014-19.
Increasing automobile exports and continuous launch of new vehicle models in the domestic market are driving the tyre industry in South Africa. Major global automobile manufacturers have established their production or assembly plants in the country to address the growing domestic and global demand. Also, South Africa has various trade agreements such as SADC (Southern African Development Community), EAC (East African Community), COMESA (Common Market for Eastern and Southern Africa) and BRICS, which have helped the country in establishing itself as a manufacturing base for automotive products. In 2013, South Africa also launched APDP (Automotive Production and Development Program) to support domestic manufacturing. Tyre sales in South Africa are mainly concentrated in three of the country's nine provinces that include Gauteng, the Eastern Cape and KwaZulu-Natal, due to the presence of major auto OEMs in these areas.
The presence of major auto OEMs is expected to drive the tyre demand in OEM as well as in replacement market due to presence of large vehicle parc in the country. Goodyear, Apollo, Continental and Bridgestone are the major tyre companies in the South African tyre market.
The information contained in this report is based upon both primary and secondary sources. Primary research included interviews with tyre manufacturers, distributors and industry personnel. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports, government policy documents and proprietary databases.
Key Topics Covered:
1. Executive Summary
2. South Africa Tyre Market Outlook
3. South Africa Replacement Tyre Market Outlook
4. South Africa Passenger Car Tyres Market Outlook
5. South Africa Commercial Vehicle Tyres Market Outlook
6. South Africa OTR and Two Wheeler Tyres Market Outlook
7. Price Point Analysis
8. Raw Material Analysis
9. Market Dynamics
10. Policy & Regulatory Landscape
11. Market Trends & Developments
12. South Africa Economic Profile
13. Competitive Landscape
14. Strategic Recommendations
15. Research Methodology
- Apollo Tyres South Africa (Pty) Limited
- Bridgestone South Africa (Pty) Ltd.
- Continental Tyre SA (Pty) Ltd.
- Goodyear SA (Pty) Ltd.
- Kumho Tyre Co. Inc.
- Michelin Tyre Company South Africa
- Pirelli Tyre (Pty) Ltd.
- Sumitomo Rubber South Africa (Pty) Ltd.
For more information visit http://www.researchandmarkets.com/research/crvdfg/south_africa_tyre
Media Contact: Laura Wood, +353-1-481-1716, [email protected]
SOURCE Research and Markets