Report Description

Iran Tyre Market Forecast and Opportunities, 2018

Iran Tyre Market Forecast and Opportunities, 2018
  • Publish Date:January, 2014
  • Format : PDF
  • Pages : 92

Iran has the largest automotive industry among the Middle East countries. In Iran, the automobile industry is also the second largest sector after oil and gas. As Iran is surrounded by about 20 developing countries, the country provides ample opportunities to various major domestic automotive manufacturers such as Khodro and Sapia to access neighboring marketsthat offer a potential customer base of over 300 million. These players, apart from catering to the domestic automobile demand, also export automobiles to neighboring countries such as Kazakhstan, Venezuela, Turkmenistan, Ukraine, etc. These manufacturers, along with their own car models, have secured licenses from global automotive players for the manufacturing different car models. In 2011, Iran was ranked 11th in terms of global automobile production, however, due to sanctions imposed on the country by the US and EU, the country’s position slipped to 18th in 2012. The sanctions affected the economy of Iran as the automobile production and sales volume registered a double digit negative year-on-year growth in 2012. However, by the end of 2013, the sanctions on Iran were removed. This is expected to significantly boost the automotive and tire industry of the country over the next five years. 

According to “Iran Tyre Market Forecast & Opportunities, 2018”, the tire market in Iran is expected to grow at a CAGR of around 7% during 2013-18 in revenue terms. The primary reason can be attributed to anticipated increase in demand for automobiles and tires in the domestic market over the next five years. In 2012, about 50% of the total fleet of automobiles in Iran was more than 25 years old and the vehicle per capita in Iran was also low with about 89 vehicles per thousand people. The tire market in Iran is dominated by domestic manufacturers such as Barez, Kavir, Yazd and Goldstone, while global players such as Goodyear, Kumho, Bridgestone and Pirelli also account for a significant market share. Major provinces such as Azerbaijan and Khuzestan, and cities such as Tehran and Semnan are expected to generate considerable demand for tires over the next five years. “Iran Tyre Market Forecast & Opportunities, 2018” discusses the following aspects related to tire market expansion in Iran:

  • Iran Tire Market Size, Share & Forecast
  • Segmental Analysis – Passenger Car Tire, Two Wheeler Tire, Commercial Tire and OTR Tire
  • Policy & 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 Iran
  • To identify the on-going trends and anticipated growth in the coming years
  • To help tire manufacturers, industry consultants, and other stakeholders to align their market-centric strategies
  • To obtain research based business decision and add weight to presentations and marketing materials
  • 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 upon both primary and secondary sources. Primary research included interviews with tire manufacturers, distributors and industry personnel. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases. 

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