Tubeless tyre market gaining grounds in India

Owing to the abundant availability of raw materials (natural rubber) and ultramodern production facilities, India has exhibited intense competition in the tyre markets throughout the world.  

As obvious, tubeless tyre market is witnessing stupendous growth in Indian market as almost all the automobile manufacturers are launching their vehicles with tubeless tyres.  

Moreover, the consumers are also willing to pay a premium for tubeless radials due to its advantages. This indicates that tubeless tyre market will exhibit remarkable growth in the coming years in India and as per our analysis, it is anticipated to grow at a CAGR of 24% during FY 2012-2016.  

According to the latest research report, "Indian Tyre Industry Forecast to 2015", Indian Tyre Industry is witnessing marvelous growth over the past few years owing to increasing automobiles demand, rapid global expansion, and better quality production.  

Besides, the advent of all new technologies such as Air Maintenance Technology, advanced tire printing technology and introduction of eco-friendly concept of tyres in the industry are adding fuel to its ever-growing demand. However, radial tyres are also gaining huge popularity in the market due to increasing customer’s demand for better mileage and durability.  

Tyre manufacturers in the country are now working on their capacity expansion plans to meet this demand. Also, they are setting up their plants overseas for the rapid expansion phase with an aim to increase their production.  

The report, "Indian Tyre Industry Forecast to 2015", is the outcome of extensive research and objective analysis of the Tyre Industry in India. It covers analysis of tyre production & sales by segment in the country. These segments include passenger cars, utility vehicles, multi-purpose vehicles, commercial passenger carriers, commercial goods carriers and two wheelers.

Moreover, the report provides an in-depth analysis on the new technologies along with proposed capacity expansion projects of major players in the country. In addition, it also includes future plans & strategy of key players coupled with the comprehensive analysis of their strength and weakness. It also covers costADIDAS