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Research and Markets: Eritrea Tire Market Forecast & Opportunities

Posted by: Semere Asmelash

Date: Thursday, 09 February 2017

http://www.researchandmarkets.com/research/sx4qkx/eritrea_tire 

Eritrea Tire Market Forecast & Opportunities, 2022 

ID: 4053253 February 2017 114 pages TechSci Research 

Replacement demand dominated Eritrea tire market, as there are no automobile manufacturing facilities in the country. Eritrea is prominently divided into three regions including Northern, Central and Southern region, with Central region, dominating tire demand in the country. 

Growth of the tire industry of the country is prominently backed by growing sales of vehicles and expanding automobile fleet in the country. Increasing population of the country is also boosting demand for automobiles and related tire products. As per the CIA, population of the country stood at 5.86 million in 2016. Moreover, rising government focus on development of infrastructure and industrial sectors is further anticipated to boost demand for automobiles and related tire products in the country during 2017-2022. 

According to “Eritrea Tire Market Forecast & Opportunities, 2022’’, Eritrea tire market is forecast to grow at a CAGR of over 4% during 2017-2022 driven by consistently expanding automobile fleet size, increasing infrastructural developments and increasing average selling prices of tires. Eritrea tire market is dominated by Chinese tire companies, which accounts for more than 50% share in the country’s tire market. Other leading flagship tire companies operating in Eritrea include Bridgestone, MRF, Apollo, CEAT, etc. 

“Eritrea Tire Market Forecast & Opportunities, 2022’’ report elaborates following aspects of tire market in Eritrea: 

- Eritrea Tire Market Size, Share & Forecast 
- Segmental Analysis - By Vehicle Type (Passenger Car Tires, Light Commercial Tires, Medium and Heavy Commercial Vehicle Tires, Off-The-Road (OTR) Tires &Two-Wheeler Tires) 
- 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 Eritrea 
- 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 gain competitive knowledge of leading players 
- To avail of 10% customization in the report without any extra charges and get 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 vehicle manufactures, tire companies, distributors, retailers and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases. 

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http://www.businesswire.com/news/home/20170208005908/en/Eritrea-Tire-Market---Forecast-Grow-4 

Eritrea Tire Market - Forecast to Grow 4% by 2022 - Dominated by Chinese Companies - Research and Markets 

February 09, 2017 

DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Eritrea Tire Market Forecast & Opportunities, 2022" report to their offering. 

The Eritrea tire market is forecast to grow at a CAGR of over 4% during 2017-2022 driven by consistently expanding automobile fleet size, increasing infrastructural developments and increasing average selling prices of tires. Eritrea tire market is dominated by Chinese tire companies, which accounts for more than 50% share in the country's tire market. Other leading flagship tire companies operating in Eritrea include Bridgestone, MRF, Apollo, CEAT, etc. 

Replacement demand dominated Eritrea tire market, as there are no automobile manufacturing facilities in the country. Eritrea is prominently divided into three regions including Northern, Central and Southern region, with Central region, dominating tire demand in the country. 

Growth of the tire industry of the country is prominently backed by growing sales of vehicles and expanding automobile fleet in the country. Increasing population of the country is also boosting demand for automobiles and related tire products. As per the CIA, population of the country stood at 5.86 million in 2016. Moreover, rising government focus on development of infrastructure and industrial sectors is further anticipated to boost demand for automobiles and related tire products in the country during 2017-2022. 

Companies Mentioned: 

Apollo Tyres Ltd. 
Bridgestone Middle East & Africa FZE 
CEAT Limited 
GITI Tire (China) Investment Company Ltd. 
Hangzhou Zhongce Rubber Co. Ltd. 
JK Tyre & Industries Ltd. 
MRF Limited 
Michelin AIM FZE 
Prinx Chengshan (Shandong) Tire Company 
Shandong Wanda BOTO Tyre Co. Ltd. 
Key Topics Covered: 

1. Product Overview 

2. Research Methodology 

3. Analyst View 

4. Eritrea Tire Market Outlook (2012-2022) 

5. Eritrea Passenger Car (PC) Tire Market Outlook 

6. Eritrea Light Commercial Vehicle (LCV) Tire Market Outlook 

7. Eritrea Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook 

8. Eritrea OTR Tire Market Outlook 

9. Eritrea Two- & Three-Wheeler Tire Market Outlook 

10. Import Export Analysis 

11. Supply Chain Analysis 

12. Market Dynamics 

13. Market Trends & Developments 

14. Policy & Regulatory Landscape 

15. Eritrea Economic Profile 

16. Competitive Landscape 

17. Strategic Recommendations 

For more information about this report visit 

http://www.researchandmarkets.com/research/sx4qkx/eritrea_tire

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