Cuba was severely hit by the US embargo imposed on the country in 1960. This trade embargo completely restricted American firms to conduct any business with Cuba. As a result, automobile sector in Cuba remained deprived of various evolutions that took place in other Central American countries. Cuba’s automobile market has been witnessing an era of stagnancy wherein, thousands of passenger cars plying on the country’s roads are 5-6 decade old vintage cars. In a fleet of around 287 thousand passenger cars, around 50% of the cars are owned by Cuban Government. Moreover, current economic plight of Cuba doesn’t allow its citizens to afford a big ticket item such as passenger car. However, the scenario is expected to change with easing trade restrictions in the country. This move has raised hopes for automotive sector as well, and thereby is expected to have a positive impact on Cuba’s tire market in the coming years. 

According to TechSci Research report, “Cuba Tyre Market Forecast & Opportunities, 2020’’, automobile as well as tire market in the country is completely import dependant. Nevertheless, modest growth in Cuba’s tire market is supported by various factors, one of which is bullish economic outlook of Cuba’s economy over the next five years. It is anticipated that the country’s tire market will realize the benefits of embargo easing during the forecast period, with the passenger car tire segment forecast to grow at the fastest pace as compared to the other vehicle segments during 2015- 2020. “Cuba Tyre Market Forecast & Opportunities, 2020” report elaborates following aspects of tire market in Cuba:

  • Cuba Tire Market Size, Share & Forecast
  • Segmental Analysis – Passenger Car Tires, Light Commercial Vehicle Tires, Medium & Heavy Commercial Tires, Two Wheeler Tires & OTR Tires
  • Policy & Regulatory Landscape
  • Changing Market Trends and Emerging Opportunities
  • Competitive Landscape and Strategic Recommendations
Why You Should Buy This Report?
  • To gain an in-depth understanding of tire market in Cuba
  • To identify the on-going trends and segment wise anticipated growth in the coming years
  • To help industry consultants, tire companies and other stakeholders to 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 companies, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases. 

1.     Research Methodology

2.     Analyst View

3.     Product Overview

4.     Cuba Tyre Production Overview

5.     Cuba Tyre Market Outlook

5.1.   Market Size & Forecast

5.1.1. By Value & Volume

5.2.   Market Share & Forecast

5.2.1. By Vehicle Type (Two Wheeler, Passenger Cars, OTR, LCV & MHCV)

5.2.2. By Company

5.2.3. By Region

6.     Cuba Passenger Car (PC) Tyre Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value & Volume

7.     Cuba Light Commercial Vehicle (LCV) Tyre Market Outlook

7.1.   Market Size & Forecast

7.1.1. By Value & Volume

8.     Cuba Medium & Heavy Commercial (M&HCV) Tyre Market Outlook

8.1.   Market Size & Forecast

8.1.1. By Value & Volume

9.     Cuba Off-the Road (OTR) Tyre Market Outlook

9.1.   Market Size & Forecast

9.1.1. By Value & Volume

10.  Cuba Two-Wheeler (2W) Tyre Market Outlook

10.1.1.   Market Size & Forecast

10.1.2.   By Value & Volume

11.  Import-Export Analysis

12.  Market Dynamics

12.1.  Drivers

12.2.  Challenges

13.  Market Trends & Developments

14.  Policy & Regulatory Landscape

15.  Cuba Economic Profile

16.  Competitive Landscape

16.1.  Goodyear Tyres

16.2.  Pirelli Tyre

16.3.  Kumho Tyre

16.4.  Michelin Tyre

16.5.  Federal Tyre

17.  Strategic Recommendations

 


  • List of Figures

     

    Figure 1: Cuba Tyre Market Size, By Value (USD Million), By Volume (ThousandUnits), 2010-2020F

    Figure 2: Cuba Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F

    Figure 3: Cuba Tyre Market Share, By Company, 2014-2020F

    Figure 4: Cuba Tyre Market Share, By Region, By Volume, 2014 & 2020F

    Figure 5: Cuba Passenger Car Tyre Market Size, By Value (USD Million), By Volume (Thousand Units), 2010-2020F

    Figure 6: Cuba Light Commercial Vehicle Tyre Market, By Value (USD Million), By Volume (Thousand Units), 2010-2020F

    Figure 7: Cuba Medium & Heavy Commercial Vehicle Tyre Market Size, By Value (USD Million), By Volume (Thousand Units), 2010-2020F

    Figure 8: Cuba OTR Tyre Market Size, By Value (USD Million), By Volume (Thousand Units), 2010-2020F

    Figure 9: Cuba Two Wheeler Tyre Market Size, By Value (USD Million), By Volume (Thousand Units), 2010-2020F

     

    List of Tables

     

    Table 1: Cuba Passenger Car Sales, By Volume, 2010–2014 (Units)

    Table 2: Cuba Passenger Car Fleet Size, By Volume, 2010–2014 (Units)

    Table 3: CubaLight Commercial Vehicle Sales, By Volume, 2010–2014 (Units)

    Table 4: Cuba Medium & Heavy Commercial Vehicle Sales, By Volume, 2010–2014 (Units)

    Table 5: Cuba Commercial Vehicle Fleet Size, By Volume, 2010–2014 (Units)