Over the past few years, Bangladesh has been emerging as another developing country in South East Asia, offering considerable growth opportunities across diverse industry segments including automotive. Several foreign investors are even eyeing Bangladesh as the next important destination over the coming years. Currently, tire industry in Bangladesh is largely dependent on imports from other countries like India, China, Japan and Indonesia due to scarcity of raw material (natural rubber), lack of indigenous tire production units as well as skilled labor, and prolonged political instability. However, the scenario is expected to witness a paradigm shift in the coming years as several global leading tire companies intend to set up their manufacturing plants in the country. Ceat, for instance, has recently established its tire manufacturing plant in Bangladesh. Besides tire companies, many automotive players have also voiced intention to commence manufacturing operations in Bangladesh, which in turn would drive investments in tire market as well. 

According to “Bangladesh Tyre Market Forecast & Opportunities, 2020”, Bangladesh tire market is projected to grow at around 9% CAGR until 2020 on account of rising automobile sales, increasing investments by foreign players, and government support in the form of reduction in import duties. Segment wise, two wheeler tires dominate the market as the country’s two wheeler fleet exceeds other vehicle fleets by a significant margin. On account of largest population as well as vehicle fleet, Dhaka remains the leading geography witnessing tire sales across Bangladesh. Despite rising automobile sales, replacement segment continues to dominate the market, holding significant majority share in tire sales in the country. Major companies like MRF, Dunlop, CEAT, and Goodyear have been selling their tires in the country through their exclusive distributors.“Bangladesh Tyre Market Forecast and Opportunities, 2020” discusses the following aspects related to tire market in Bangladesh:

  • Bangladesh Tire Market Size, Share & Forecast
  • Segmental Analysis – Passenger Car Tire, Commercial Vehicle Tire, Two Wheeler Tire, Three Wheeler Tire & OTR Tire
  • Policy and Regulatory Landscape
  • Changing Market Trends & Emerging Opportunities
  • Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
  • To gain an in-depth understanding of tire market in Bangladesh
  • To identify the on-going trends and anticipated growth in the coming years
  • To help industry consultants, tire manufacturing companies and other stakeholders align their market-centric strategies
  • To obtain research based business decision 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 the 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 included interviews with tire distributors and retailers. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.     Research Methodology

2.     Analyst View

3.     Tyre : Product Overview

4.     Bangladesh Tyre Market Outlook

4.1.   Market Size & Forecast

4.1.1. By Value

4.1.2. By Volume

4.2.   Market Share & Forecast

4.2.1. By Vehicle Type (Passenger Car, Commercial Vehicle, Two-Wheeler, Three-Wheeler, OTR Vehicle)

4.2.2. By Company

4.2.3. By Region

5.     Bangladesh Passenger Car Tyre Market Outlook

5.1.   Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

6.     Bangladesh Commercial Vehicle Tyre Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value

6.1.2. By Volume

6.2.   Market Share & Forecast

6.2.1. By Vehicle Type

7.     Bangladesh Two-Wheeler Tyre Market Outlook

7.1.   Market Size & Forecast

7.1.1. By Value

7.1.2. By Volume

8.     Bangladesh Three-Wheeler Tyre Market Outlook

8.1.   Market Size & Forecast

8.1.1. By Value

8.1.2. By Volume

9.     Bangladesh OTR Tyre Market Outlook

9.1.   Market Size & Forecast

9.1.1. By Value

9.1.2. By Volume

10.  Bangladesh Tyre Market Trade Analysis – Import Scenario

11.  Market Dynamics

11.1. Drivers

11.2. Challenges

12.  Policy & Regulatory Landscape

13.  Market Trends & Developments

13.1. Growth in Automotive Market

13.2. Anticipated Investments by Foreign Players in Domestic Market

13.3. Expansion in Distribution Channel

13.4. Entry of New Local Players in Domestic Market

13.5. Import Driven Market

14.  Bangladesh Economic Profile

15.  Competitive Landscape

15.1. CEAT Bangladesh Limited

15.2. Bridgestone Corporation

15.3. MRF Limited

15.4. Rahimafrooz Bangladesh Ltd.

15.5. Gazi Group

15.6. Yokohama Rubber Company

15.7. Birla Tyres

15.8. Apollo Tyres

15.9. JK Tyres

16.  Strategic Recommendations


In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

  • List of Figures

     

    Figure 1:Bangladesh Tyre Market Size, By Value, 2010-2014 (USD Million)

    Figure 2:Bangladesh Tyre Market Size, By Value, 2015E – 2020F (USD Million)

    Figure 3:Bangladesh Tyre Market Size, By Volume, 2010 – 2014 (‘000 Units)

    Figure 4:Bangladesh Tyre Market Size, By Volume, 2015E – 2020F (‘000 Units)

    Figure 5:Bangladesh Tyre Market Share, By Vehicle Type, By Volume, 2014

    Figure 6:Bangladesh Tyre Market Share, By Vehicle Type, By Volume, 2020F

    Figure 7:Bangladesh Tyre Market Share, By Company, By Volume, 2014

    Figure 8:Bangladesh Tyre Market Share, By Company, By Volume, 2020F

    Figure 9:Bangladesh Tyre Market Share, By Region, By Volume, 2014

    Figure 10:Bangladesh Tyre Market Share, By Region, By Volume, 2020F

    Figure 11:Bangladesh Passenger Car Tyre Market Size, By Value, 2010 – 2014 (USD Million)

    Figure 12:Bangladesh Passenger Car Tyre Market Size, By Value, 2015E – 2020F (USD Million)

    Figure 13:Bangladesh Passenger Car Tyre Market Size, By Volume, 2010-2014 (‘000 Units)

    Figure 14:Bangladesh Passenger Car Tyre Market Size, By Volume, 2015E – 2020F (‘000 Units)

    Figure 15:Bangladesh Commercial Vehicle Tyre Market Size, By Value, 2010 – 2014 (USD Million)

    Figure 16:Bangladesh Commercial Vehicle Tyre Market Size, By Value, 2015E-2020F (USD Million)

    Figure 17:Bangladesh Commercial Vehicle Tyre Market Size, By Volume, 2010 – 2014 (Million Units)

    Figure 18:Bangladesh Commercial Vehicle Tyre Market Size, By Volume, 2015E – 2020F (Million Units)

    Figure 19:Bangladesh Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2014

    Figure 20: Bangladesh Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2020F

    Figure 21:Bangladesh Two-Wheeler Tyre Market Size, By Value, 2010 – 2014 (USD Million)

    Figure 22:Bangladesh Two-Wheeler Tyre Market Size, By Value, 2015E – 2020F (USD Million)

    Figure 23:Bangladesh Two-Wheeler Tyre Market Size, By Volume, 2010 – 2014 (‘000 Units)

    Figure 24:Bangladesh Two-Wheeler Tyre Market Size, By Volume, 2015E – 2020F (‘000 Units)

    Figure 25:Bangladesh Three-Wheeler Tyre Market Size, By Value, 2010 – 2020F (USD Million)

    Figure 26:Bangladesh Three-Wheeler Tyre Market Size, By Volume, 2010 – 2020F (Million Units)

    Figure 27:Bangladesh OTR Tyre Market Size, By Value, 2010 – 2020F (USD Million)

    Figure 28:Bangladesh OTR Tyre Market Size, By Volume, 2010 – 2020F (Million Units)

    Figure 29:Bangladesh Tyre Import, By Value, 2010 - 2014 (USD Millions)

    Figure 30:Bangladesh Tyre Import Share, By Country, By Value, 2014

    Figure 31:Bangladesh Automotive Sales, By Volume, 2010-14 (‘000 Units)

    Figure 32:Bridgestone Corporation Sales Share, By Region, 2013

    Figure 33:Bridgestone Corporation Financial Details for Fiscal Year 2013 (USD Million)

     

    List of Tables

     

    Table 1:Bangladesh Import and Export Duty Tariff levied on Tyres

    Table 2:Bangladesh Import and Export Duty Tariff on Different Vehicle Segments

    Table 3:Bridgestone Corporation Tyre Plants in Americas

    Table 4:Bridgestone Corporation Tyre Plants in Europe

    Table 5:Bridgestone Corporation Tyre Plants in Middle East/Africa/Russia

    Table 6:Bridgestone Corporation Tyre Plants in Asia/Oceania

    Table 7:Bridgestone Corporation Tyre Plants in Japan

    Table 8:MRF Limited Financial Details for Fiscal Year 2012-2013 (USD Million)

    Table 9:Gazi Tyres Dealers Details

    Table 10:Gazi Group Strategic Business Units and their Details