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 "
https://www.techsciresearch.com/report/ukraine-tire-market-by-vehicle-type-passenger-cars-light-commercial-vehicles-medium-heavy-commercial-vehicles-two-wheelers-and-off-the-road-competition-forecast-and-opportunities/943.html
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.
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