Taiwan
is one of the most technologically advanced and innovation driven countries in
the Asian continent. Total population of the country was recorded to be approximately
23 million in 2015, and has emerged as one of the fastest developing economies
in the region. However, demand for automobiles declined significantly in the
country over the past few years, which caused a negative impact on the tire
market in Taiwan. Over the last few years, major automobile manufacturers in
Taiwan have also been increasing their focus on exports of automobiles to other
countries. Moreover, presence of number of tire manufacturing companies in the
country have further fueled tire exports
over the past few years, wherein passenger car tire accounted for largest share
in tire exports from Taiwan. Furthermore, increasing production of tires,
coupled with rising sales of automobiles and growing demand for tires from the replacement
tire segment are further expected to drive Taiwan tire market during the
forecast period.
According to TechSci Research report, “Taiwan Tire Market Forecast & Opportunities, 2011 - 2021’’,
tire market in Taiwan is projected to surpass USD1.2 billion by 2021, owing to
rising production of automobiles and growing demand for tires from replacement
tire segment in the country. Taiwan tire market was dominated by two-wheeler
tire segment over the past few years, and this segment is further expected to
continue its dominance in the coming years as well, owing to expanding two-wheeler fleet size and rising sale
of two-wheelers in Taiwan. Northern region is the highest demand generating
region for tires in the country on account of presence of prominent
cities like Taipei City, New Taipei City, Yilan County, Taoyuan County, Hsinchu
County, Miaoli County, Keelung City and Hsinchu City in the region. “Taiwan Tire Market Forecast &
Opportunities, 2011 - 2021” discusses the
following aspects of the tire market in Taiwan:
- Taiwan
Tire Market Size, Share & Forecast
- Segmental
Analysis – By Vehicle Type
(Two-Wheeler, Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial
Vehicle, and OTR), By Demand Category
(OEM Vs Replacement)
- Regional
Analysis – Northern, Central, Southern, Island region
- 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 Taiwan
- 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
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.