As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.

Colombia tire market was valued USD 1.23 Billion in 2019 and is projected to be valued USD 1.62 Billion by 2025 on account of increase in sales of passenger cars and continuously expanding automobile fleet size of the country. Moreover, increasing population coupled with growing urbanization are boosting the demand for automobiles in the country and consequently positively influence the country’s tire market.

Additionally, increasing investments in agriculture sector by public as well as private entities is also boosting the demand for tires in the country. Apart from that, growing per capita income and launch of new vehicle models are some of the other major factors driving the growth of Colombia tire market.

Colombia tire market is segmented based on vehicle type, demand category, radial vs bias and region. Based on demand category, the market can be categorized into replacement vs OEM. Since, tire manufacturers experience less pricing pressure in replacement tires when compared with OEMs and average lifecycle of vehicle is long requiring replacement tire; therefore, the segment accounted for market share of 94% in 2019 and the trend is likely to continue until 2025.

Major companies operating in Colombia tire market are Goodyear de Colombia SA, Industria Colombiana de Llantas S.A., Hankook Tire Colombia Ltda., Toyo Tire & Rubber Company, Bridgestone De Colombia, S.A.S (Bsco), Continental Tire Colombia S.A.S, Pirelli de Colombia SAS, Giti Tire Pte. Ltd., Triangle Tyre Co. Ltd. and Hangzhou Zhongce Rubber CO., LTD. These top four companies are mostly popular for the radial tires that they offer. Leading companies are undergoing mergers & acquisitions, new product launches and collaborations in order to strengthen their position in Colombia tire market.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyze and forecast the market size of Colombia tire market.
  • To classify and forecast Colombia tire market based on vehicle type, demand category, radial vs bias, company and region.
  • To identify drivers and challenges for Colombia tire market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Colombia tire market.
  • To identify and analyze the profile of leading players involved in the manufacturing tires in Colombia.

 

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To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tire dealers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels and regional presence of all major tire suppliers across Colombia.

TechSci Research calculated the market size for Colombia tire using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Tire manufacturers, suppliers, distributors and other stakeholders
  • Vehicle manufacturing companies
  • Raw material suppliers
  • Associations, organizations, forums and alliances related to tires
  • Government bodies such as regulatory authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as vehicle manufacturers, distributors and dealers, and policy makers. The study would also help the stakeholders to target the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Colombia tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Colombia Tire Market, By Vehicle Type:

o    Passenger Car

o    Two-Wheeler

o    Medium & Heavy Commercial Vehicle

o    Light Commercial Vehicle

o    Off-The-Road Vehicle (OTR)

o    Three-Wheeler

  • Colombia Tire Market, By Demand Category:
    • OEM
    • Replacement
  • Colombia Tire Market, By Tire Type:
    • Radial vs Bias
  • Colombia Tire Market, By Region:
    • North
    • South
    • East
    • West
    • Central

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Colombia tire market.

Available Customizations:

With the given market data, TechSci Research offers customizations according a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Colombia Tire Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Brand Awareness & Recall

5.2.  Brand Satisfaction

5.3.  Challenges & Unmet Needs

6.    Colombia Tire Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-wheeler and Three -wheeler)

6.2.2.     By Demand Category (OEM Vs. Replacement)

6.2.3.     By Radial Vs Bias

6.2.4.     By Company (2020)

6.2.5.     By Region

6.3.  Market Attractiveness Index

6.3.1.     By Vehicle Type

7.    Colombia Passenger Car Tire Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type

7.2.2.     By Demand Category

7.2.3.     By Radial Vs Bias

7.3.  Market Attractiveness Index

8.    Colombia Two-Wheeler Tire Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type

8.2.2.     By Demand Category

8.2.3.     By Radial Vs Bias

8.3.  Market Attractiveness Index

9.    Colombia Medium & Heavy Commercial Vehicle Tire Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type

9.2.2.     By Demand Category

9.2.3.     By Radial Vs Bias

9.3.  Market Attractiveness Index

10.  Colombia Light Commercial Vehicle Tire Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type

10.2.2.  By Demand Category

10.2.3.  By Radial Vs Bias

10.3.              Market Attractiveness Index

11.  Colombia OTR Tire Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type

11.2.2.  By Demand Category

11.2.3.  By Radial Vs Bias

11.3.              Market Attractiveness Index

12.  Colombia Three-Wheeler Tire Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value & Volume

12.2.              Market Share & Forecast

12.2.1.  By Vehicle Type

12.2.2.  By Demand Category

12.2.3.  By Radial Vs Bias

12.3.              Market Attractiveness Index

13.  Market Dynamics

13.1.              Drivers

13.2.              Challenges

14.  Import Export Analysis

15.  Market Trends & Developments

16.  Policy and Regulatory & Landscape

17.  Colombia Economic Profile

18.  Competitive Landscape

18.1.              Competition Outlook

18.2.              Players Profiled (Leading Companies)

18.2.1.  Goodyear de Colombia SA

18.2.1.1.      Company Overview

18.2.1.2.      Products & Services

18.2.1.3.      Financials (If available)

18.2.1.4.      Current & Future Strategy

18.2.1.5.      Key Management

18.2.1.6.      Contact Details

18.2.2.  Industria Colombiana de Llantas S.A.

18.2.3.  Hankook Tire Colombia Ltda.

18.2.4.  Toyo Tire & Rubber Company

18.2.5.  Bridgestone De Colombia, S.A.S (Bsco)

18.2.6.  Continental Tire Colombia S.A.S

18.2.7.  Pirelli de Colombia SAS

18.2.8.  Giti Tire Pte. Ltd.

18.2.9.  Triangle Tyre Co. Ltd.

18.2.10.                Hangzhou Zhongce Rubber CO.,LTD.

19.  Strategic Recommendations

20.  About Us & Disclaimer

 (Note: The companies list can be customized based on the client requirements.)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

  • List of Figures

     

    Figure 1: Colombia Tire Market - Factors Influencing Purchase Decision (N=75)

    Figure 2: Colombia Tire Market - Influencer of Purchase (N=75)

    Figure 3: Colombia Tire Market - Aided Brand Recall (N=75)

    Figure 4: Colombia Tire Market - Unaided Brand Recall (N=75)

    Figure 5: Colombia Tire Market Brand Satisfaction Level (N=75)

    Figure 6: Colombia Tire Market - Brand Satisfaction Level, By Lifetime (N=75)

    Figure 7: Colombia Tire Market - Brand Satisfaction Level, By Traction (N=75)

    Figure 8: Colombia Tire Market - Brand Satisfaction Level, By Vehicle Compatibility (N=75)

    Figure 9: Colombia Tire Market - Brand Satisfaction Level, By Frequency of Breakdown (N=75)

    Figure 10: Colombia Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 11: Colombia Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 12: Colombia Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 13: Colombia Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 14: Colombia Tire Market Share, By Region, By Volume, 2019 & 2025F

    Figure 15: Colombia Tire Market Share, By Region, By Volume, 2019-2025F

    Figure 16: Colombia Tire Market Supply Chain Model

    Figure 17: Colombia Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 18: Colombia Passenger Car Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 19: Colombia Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 20: Colombia Passenger Car Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 21: Colombia Passenger Car Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 22: Colombia Passenger Car Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 23: Colombia Passenger Car Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 24: Colombia Light Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 25: Colombia Light Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 26: Colombia Light Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 27: Colombia Light Commercial Vehicle Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 28: Colombia Light Commercial Vehicle Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 29: Colombia Light Commercial Vehicle Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 30: Colombia Medium & Heavy Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 31: Colombia Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 32: Colombia Medium & Heavy Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 33: Colombia Medium & Heavy Commercial Vehicle Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 34: Colombia Medium & Heavy Commercial Vehicle Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 35: Colombia Medium & Heavy Commercial Vehicle Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 36: Colombia Two-Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 37: Colombia Two-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 38: Colombia Two-Wheeler Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 39: Colombia Two-Wheeler Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 40: Colombia Two-Wheeler Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 41: Colombia Two-Wheeler Tire Market Attractiveness Index, By Vehicle Type, By Volume,

    2019E-2025F

    Figure 42: Colombia Off-the-Road Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 43: Colombia Off-the-Road Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 44: Colombia Off-the-Road Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 45: Colombia Off-the-Road Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 46: Colombia OTR Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 47: Colombia Off-the-Road Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

     

    List of Tables

     

    Table 1: Prominent Tire Size in Colombia Passenger Car Tire Market, 2019

    Table 2: Prominent Tire Size in Colombia Light Commercial Vehicle Tire Market, 2019

    Table 3: Prominent Tire Size in Colombia Medium & Heavy Commercial Vehicle Tire Market, 2019

    Table 4: Prominent Tire Sizes in Colombia Two-Wheeler Tire Market, 2019

    Table 5: Prominent Tire Sizes in Colombia OTR Tire Market, 2019

    Table 6: Colombia Tire Imports, By Vehicle Type, By Value, 2015-2019 (USD Million)

    Table 7: Colombia Tire Exports, By Vehicle Type, By Value, 2015-2019 (USD Million)

    Table 8: Colombia Import Duties on Tires (Effective Since 2010)

    Table 9: Equivalent Passenger Unit Ratio (EPUs), By Tire Type (Applicable to Tire Importers, Vehicle Manufacturers and Miners)

    Table 10: Equivalent Passenger Unit Ratio (EPUs), By Tire Type (Applicable to Recyclers)