DUBLIN, June 23, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/j5z89n/germany_tyre) has announced the addition of the "Germany Tyre Market Forecast and Opportunities, 2020" report to their offering.
The tyre market in Germany is forecast to grow at a CAGR of around 7% during 2015-20
Changing purchasing patterns, expanding consumer base, increasing urbanization, high R&D investments and introduction of electric and hybrid vehicles are the major factors propelling growth in the country's automobile as well as tyre market. The passenger car tyre market is the most dominant tyre segment, followed by commercial vehicle tyre, two wheeler tyre and OTR tyre segments.
Demand for hybrid cars that include electric and plug-in cars is also anticipated to rise in the coming years, thereby further augmenting the tyre sales in the country. The replacement tyre segment accounts for the majority share in Germany's tyre market, and this trend is expected to continue through 2020 due to the country's large automobile fleet size.
Germany is the largest economy in Europe and is also one of the leading tyre markets, globally. Being one of the major exporting hubs for automobile producers, Germany's automotive industry is known worldwide for its high quality automobile manufacturing. Moreover, the country is the fourth largest in terms of total vehicle production, globally, after China, US and Japan. All of these factors position Germany as one of most lucrative markets for leading global tyre manufacturers.
High vehicle ownership coupled with moderate growth in new vehicle sales is expected to continue boosting tyre sales in Germany over the next five years. Few of the major tyre players operating in Germany include Continental, Michelin, Pirelli, Goodyear, Bridgestone, etc.
Germany Tyre Market Forecast & Opportunities, 2020 discusses the following aspects related to tyre market in Germany:
- Growing Automotive Market
- Export of Used Tyres
- Focus on Electric & Hybrid Cars
- Alternative Drive Systems and Efficiency
- Increasing R&D Investments
Key Topics Covered:
1. Research Methodology
2. Analyst View
3. Product Overview
4. Germany Tyre Market Outlook
5. Germany Passenger Car Tyre Market Outlook
6. Germany Commercial Vehicle Tyre Market
7. Germany Two-Wheeler Tyre Market Outlook
8. Germany OTR Tyre Market Outlook
9. Raw Material Analysis
10. Trade Analysis
11. Market Dynamics
12. Policy & Regulatory Landscape
13. Trends & Developments
14. Germany Economic Profile
15. Competitive Landscape
16. Strategic Recommendations
Companies Mentioned
- Bridgestone Deutschland GmbH
- Continental Reifen Deutschland GmbH
- Cooper Tire & Rubber Company Deutschland GmbH
- Goodyear Dunlop Tires Germany GmbH
- Hankook Reifen Deutschland GmbH
- Michelin Reifenwerke AG & Co. KGaA
- Nokian Tyre Plc
- Pirelli Deutschland GmbH
- Toyo Tire Deutschland GmbH
- Yokohama Reifen GmbH
For more information visit http://www.researchandmarkets.com/research/j5z89n/germany_tyre
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
