Press Release

Rosava Set to Lead Ukraine Tire Market which is Forecast to Cross $2.2 Billion by 2022

Continuously expanding automobile fleet size coupled with increasing tire ASPs to drive Ukraine tire market through 2022

According to TechSci Research report, Ukraine Tire Market Forecast & Opportunities, 2022”, tire market in Ukraine is projected to cross $ 2.2 billion mark by 2022, due to anticipated recovery automobile sales, consistently increasing tire prices and expanding automobile fleet size in the country. With the country regaining political stability, coupled with better fiscal and regulatory policies, the automotive sector is expected to grow in Ukraine in the coming years, thereby, propelling Ukraine tire market. According to the World Bank, Ukraine recorded a GDP of USD26.3 billion in 2015. The country’s government has also initiated several infrastructural and development projects that is leading to rise in commercial vehicle demand, which in turn is likely to increase tire sales in the country through 2021.

Browse 24 market data Tables and 40 Figures spread through 113 Pages and an in-depth TOC on "Ukraine Tire Market "

In 2016, the country’s central region that includes Kiev, dominated Ukraine tire market followed by eastern, southern and western regions of the country. With around 30% of the country’s population, eastern region held the second largest share in the country’s tire market. Radial tire that offer benefits such as better mileage, better road grip and less fuel consumption, held a majority share in the country’s tire market in 2016. Moreover, in order to expedite tire sales, a growing number of companies are opting for e-commerce platforms to sell tires, owing to changing consumer preference towards online purchase of tires.

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Passenger car tire segment dominated the country’s tire market in 2016, and the segment is anticipated to maintain its dominance over the next five years as well. Ukraine’s automobile is showing signs of recovery after a lot of political instability that the country went through over the last few years. Expanding automobile fleet, anticipated increase in demand for passenger cars and rising tire ASPs are expected to boost tire market in Ukraine until 2022. Moreover, supportive investment policies and revival in automobile production is forecast to augment tire sales during the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

 Ukraine Tire Market Forecast & Opportunities, 2022 has evaluated the future growth potential of Ukraine tire market and provides statistics and information on market structure, size, share and future growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities present in Ukraine tire market.

About TechSci Research

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Continuously expanding automobile fleet size coupled with increasing tire ASPs to drive Ukraine tire market through 2022

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