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.

Sri Lanka tire market was valued USD 0.25 Billion in 2019 and is forecast to undergo 8.26% growth during the forecast period. Key factors fuelling the growth of Sri Lanka tire market are rising automobile sales, growing infrastructure sector and easy availability of automobile loans at lower interest rates. Moreover, growing supply chain and logistics sector in the country is anticipated to drive expansion of commercial vehicle fleet over the next five years, which is expected to boost demand for commercial vehicle tires through 2025.

Sri Lanka tire market is segmented based on vehicle type, demand category, radial vs bias and region. Based on vehicle type, the market can be categorized into passenger car, LCV, M&HCV, OTR, two-wheeler and three-wheeler. Among them, the two-wheeler tires segment is expected to dominate the market during the forecast period with a market share of around 37.06% by 2025 on account of increasing popularity of mopeds and motorcycles among consumers and growing demand for affordable personal transportation.

Major companies operating in Sri Lanka tire market are CEAT-Kelani International Tyres (Pvt.) Limited, Apollo Tyre Ltd., MRF Limited, Cheng Shin Rubber Industry Co. Ltd., Global Rubber Industries, Pvt. Ltd., Faga Tyres Private Limited, Bridgestone Corporation, Samson Rubber Industries (Pvt) Ltd., Kumho Tire Co. and Goodyear Tire & Rubber Co., among others. In domestic tire manufacturing companies, CEAT Kelani, Global Rubber Industries (GRI) and Faga are the leading market players. Key growth strategies being adopted by leading manufacturers include mergers & acquisitions, partnerships, collaborations, product innovation and joint ventures.

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

 

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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 Sri Lanka.

TechSci Research calculated the market size for Sri Lanka 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, Sri Lanka tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Sri Lanka 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

  • Sri Lanka Tire Market, By Demand Category:
    • OEM
    • Replacement
  • Sri Lanka Tire Market, By Radial vs Bias
  • Sri Lanka Tire Market, By Region:
    • Central
    • Southern
    • Western
    • North-Western

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Sri Lanka 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 Sri Lanka Tire Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Brand Awareness & Recall

5.2.  Brand Satisfaction

5.3.  Challenges & Unmet Needs

6.    Sri Lanka 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.    Sri Lanka 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.    Sri Lanka 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.    Sri Lanka 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.  Sri Lanka 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.  Sri Lanka 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.  Sri Lanka 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.  Sri Lanka Economic Profile

18.  Competitive Landscape

18.1.              Competition Outlook

18.2.              Players Profiled (Leading Companies)

18.2.1.  CEAT-Kelani International Tyres (Pvt.) Limited

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.  Apollo Tyre Ltd.

18.2.3.  MRF Limited

18.2.4.  Cheng Shin Rubber Industry Co. Ltd.

18.2.5.  Global Rubber Industries, Pvt. Ltd.

18.2.6.  Faga Tyres Private Limited  

18.2.7.  Bridgestone Corporation

18.2.8.  Samson Rubber Industries (Pvt) Ltd

18.2.9.  Kumho Tire Co.

18.2.10.                Goodyear Tire & Rubber Co.

15. Strategic Recommendations

16. About Us & Disclaimer

 

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: Sri Lanka Tire Market - Factors Influencing Purchase Decision (N=75)

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    Figure 16: Sri Lanka Tire Market Supply Chain Model

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    2019E-2025F

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

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

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

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

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

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

     

    List of Tables

     

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

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

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

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

    Table 5: Prominent Tire Sizes in Sri Lanka OTR Tire Market, 2019

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

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

    Table 8: Sri Lanka 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)