azerbaijan tyre market by type 2020 brochure

Azerbaijan Tyre Market Forecast & Opportunities , 2020

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

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Product Definition

Global tyre supplier Michelin defines tyre as, “A precisely engineered assembly of rubber,chemicals, fabric, and metal, designed to provide traction, cushion road shock andcarry a load under varying conditions.”

Classification According to Vehicle Type

Vehicle Segment Customer Segment

Passenger Car Individuals

Light Commercial VehicleTransportation & Logistics, Small Medium Enterprises

(SMEs)

Medium & Heavy Commercial Vehicle Transport Companies, Logistics & Cargo

OTR (Off-the-Road) Vehicle Farming, Mining & Quarrying Companies

Two-Wheelers Individuals

P r o d u c t O v e r v i e w

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T a b l e o f C o n t e n t s

S. No. Contents

1. Research Methodology

2. Analyst View

3. Product Overview

4. Azerbaijan Tyre Market Outlook

4.1. Market Size & Forecast

4.1.1. By Value & Volume

4.2. Market Share & Forecast

4.2.1. By Vehicle Type (Passenger Cars, LCV, MHCV, Two-Wheelers & OTR)

4.2.2. By Company

4.2.3. By Region

5. Azerbaijan Passenger Car (PC) Tyre Market Outlook



5.2. Market Share & Forecast

5.2.1. By Vehicle Type

6. Azerbaijan Medium & Heavy Commercial Vehicle (M&HCV) Tyre Market Outlook



7. Azerbaijan Light Commercial Vehicle (LCV) Tyre Market Outlook



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S. No. Contents

8. Azerbaijan Off-The-Road (OTR) Tyre Market Outlook



9. Azerbaijan Two-Wheeler (2W) Tyre Market Outlook



10. Import-Export Analysis

11. Market Dynamics

11.1. Market Drivers

11.2. Market Challenges

12. Market Trends & Developments

12.1. Increasing Chinese Tyre Penetration

12.2. Declining Tyre retreading Market

12.3. Fluctuating Tyre Import Scenario

12.4. Rising Automobile Sales

13. Policy & Regulatory Landscape

14. Azerbaijan Economic Profile

15. Competitive Landscape

15.1. Compagnie Générale des Établissements Michelin SCA

15.2. Continental AG

15.3. The Goodyear Tire & Rubber Company

15.4. Bridgestone Corporation

15.5. Nizhnekamskshina Joint Stock Company

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S. No. Contents

15.6. Nokian Tyres PLC

15.7. Yokohama Rubber Co., Ltd

15.8. Hankook Tyre

15.9. Triangle Tyre Co., Ltd

15.10. Belshina Joint Stock Company

15.11. Shandong Transtone Tyre Co., Ltd.

16. Strategic Recommendations

17. About Us & Disclaimer

R e s e a r c h M e t h o d o l o g y

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Baseline Methodology:

For the study, TechSci Research has gathered information through primary research surveys with leadingtyre suppliers based in Azerbaijan, and subsequently, verified information from major dealers/distributorsof automobile tyres in the country. We also put through an exhaustive search of credible paid databasessuch as Business Week, Factiva, Hoovers, etc., including our internal database. Our team of analysts hasthen prudently evaluated all the collected information and presented the same in chronological order todepict a meaningful and clear picture of the tyre market in Azerbaijan.

While compiling the data, we have also cross checked all the collected information from multiple sourcesand data warehouses, so as to present the most accurate and precise information of the concernedindustry. We use innovative business model that focuses on improving productivity, which ensuringcreation of high-quality reports. The reports are prepared with in-depth primary research, followed byexhaustive secondary research.

Primary Research – Companies Dealers & Distributors Interviewed Few of Sources of Secondary Research

S. No. Company Dealers & Distributor Names

1 Michelin SCA

2 Bridgestone Corporation

3 Continental AG

4 Hankook Tire Co., Ltd.

5 Yokohama Rubber Co., Ltd

6 Nizhnekamskshina Joint Stock Company

S. No. Secondary Sources

1The State Statistical Committee of the

Republic of Azerbaijan

2Azerbaijan Export and Investment Promotion

Foundation

3International Organization of Motor Vehicle

Manufacturers (OICA)

4 UN Comtrade

5 World Bank


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For the preparation of Azerbaijan tyre report, bottom up model has been used, which has been later crossvalidated by using top down approach.

Vehicle Sales & Fleet Size

The basic data points that are needed for the analysis of Azerbaijan tyre market are the historical, currentand forecast figures for vehicle sales and fleet size. As the country does not produce vehicles, data foronly vehicle sales and fleet size has been extracted through various government sources and credibledata portals. TechSci Research has also maintained a database for vehicle sales and fleet size for eachvehicle segment (passenger cars, light commercial vehicles, medium & heavy commercial vehicles, two-wheelers & off-the-road vehicles), which is regularly updated through various primary research surveysand secondary sources such as automotive associations & government publications.

Tyre Demand

Replacement Tyre Sales

Replacement tyre demand of a particular country is directly dependent on country’s vehicle fleet size andhistorical vehicle sales. The replacement demand is therefore extracted by multiplying the vehicle fleetwith the replacement tyre ratio, which is obtained by conducting a series of surveys with car owners tounderstand the frequency of tyre replacement as it varies for different countries depending upon factorssuch as road conditions, climate, economic and regulatory policies applicable in a country. Thereplacement ratio is expressed as a percentage. For example, in case of passenger cars, replacementratio is considered to be 100% if four tyre is replaced per vehicle per year.

Example for passenger car replacement tyre demand calculation:

Passenger Car

Fleet Size

(Volume)

X

Replacement

Ratio

(in %)

X No. of Tyres =Replacement

Tyre Demand

1,00,000 X 10% X 4 = 40,000 Tyres


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The calculated replacement tyre demand data is further analyzed by TechSci Research through Delphitechnique i.e. multiple rounds of telephonic interviews were conducted with tyre companiesdealers/distributors in Azerbaijan. The information thus gathered through primary interviews was cross-verified through industry experts and secondary sources such as annual reports and paid databases togenerate meaningful results.

Total Tyre Market

Tyre Trade (Import & Export)

TechSci Research has analyzed tyre imports in Azerbaijan. The data has been gathered throughgovernment agencies and credible paid databases. The total tyre trade has been segmented in accordancewith below mentioned HS codes:

OEM Tyre Sales

(Which is zero for Azerbaijan)+

Replacement Tyre

Sales= Total Tyre Market

HS Code Description Tyre Type

401110 Motor Cars Passenger Car Tyre

401120 Bus or Lorries Tyres Commercial Vehicle Tyre

401140 Motorcycle Tyre Two-Wheeler Tyre

401161 Tyre Having a "Herring Bone"

OTR Tyre





401192 Agriculture Tyre

401193 Construction/Industrial Tyre

401194 Construction/Industrial Tyre

401199 Others Other Tyres


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© TechSci Research

The import figures for each vehicle type (Passenger Car, Commercial Vehicle, Two-Wheeler & OTR) havebeen depicted in Value (USD Million).

Tyre Brands Mapping

TechSci Research has mapped all tyre brands that are being sold in Azerbaijan. TechSci Research hasgathered this information through primary and secondary research. The brands that are being sold inAzerbaijan are being imported into the country. The objective behind brand mapping is to understandmore about the competition such as market share, current targets, future strategy, etc.

Forecast

For forecasting the numbers, we have used Time Series Analysis along with Regression Analysis, followedby judgmental analysis as certain factors would always differ in Azerbaijan such as infrastructurecondition, economic outlook, etc.

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I n d u s t r y B r i e f

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Azerbaijan Tyre Market to Grow at a CAGR of over 5% until 2020

Increasing government focus on non-oil sectors coupled with rising foreign investments to drive Azerbaijan tyremarket through 2020

Fluctuations in oil prices across the global is one of the major factors increasing the government focus in Azerbaijanon diversifying its investment budget and attracting foreign direct investment (FDI) in non-oil sectors such asagriculture, infrastructure, transportation & tourism, industrial and alternate renewable energy sectors. Increasinggovernment focus on non-oil sectors is propelling growth in the construction and infrastructure sectors in thecountry, thereby driving demand for OTR and commercial vehicles, which is expected to translate into higherdemand for OTR and commercial vehicle tyre market in the country during 2015 - 2020.

According to TechSci Research report “Azerbaijan Tyre Market Forecast and Opportunities, 2020”, the country’styre market is projected to grow at a CAGR of over 5% during 2015 - 2020. In 2014, passenger car segmentdominated Azerbaijan tyre market, followed by medium & heavy commercial vehicle segment. Azerbaijan tyremarket is solely dependent on replacement demand, due to absence of any OEM manufacturing facility in thecountry. Furthermore, due to lack of rubber production in the country, there are no tyre production facilities inAzerbaijan, and consequently, majority of the overall demand for tyres in the country is addressed throughimports.

“Increasing diversification into non-oil sectors and rising number of infrastructural projects in the country such asdevelopment of the Khazar Island is anticipated to boost demand for OTR and medium and heavy commercialvehicles in the coming years. Robust growth in the country’s tourism sector is also anticipated to pump growth indemand for LCVs in the country for public transportation, thereby driving growth in Azerbaijan tyre market through2020.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global managementconsulting firm.

http://www.techsciresearch.com/report/azerbaijan-tyre-market-forecast-and-opportunities-2020/599.html

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S a m p l e D a t a - S n a p s h o t

Azerbaijan Tyre Market Size, By Value (USD

Million), By Volume (Million Units), 2010-2020F

100 101 102 103 104 106 107 108 109 110 111

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

Azerbaijan Tyre Market Share, By Company, By Volume, 2014-2020F

19.00% 19.10% 19.20% 19.30% 19.40% 19.50% 19.60%7.00% 7.10% 7.20% 7.30% 7.40% 7.50% 7.60%8.00% 8.10% 8.20% 8.30% 8.40% 8.50% 8.60%

12.00% 12.10% 12.20% 12.30% 12.40% 12.50% 12.60%

48.00% 48.10% 48.20% 48.30% 48.40% 48.50% 48.60%

2014 2015E 2016F 2017F 2018F 2019F 2020F

Others Goodyear Continental Michelin Chinese

Azerbaijan Medium & Heavy Commercial Vehicle Tyre

Market Size, By Value (USD Million), By Volume (Million

Units), 2010-2020F

100 101 102 103 104 106 107 108 109 110 111

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

0.10 0.20 0.30 0.40 0.500.70 0.80 0.90 1.00 1.10 1.20

Volume (Million Units) Value (USD Million)

Azerbaijan Tyre Market Share, By Region, By Volume, 2014 & 2020F

Guba-Khachmaz &

Absheron

Aran & Lankara

Ganja-Gazakh & Yukhari

Garabagh Shaki – Zaqtala

& Daghlig-Shrivan

Kalbajar-Lachin & Nakhchivan

Region 2014 2020F

Guba-Khachmaz & Absheron X X

Aran & Lankara X X

Ganja-Gazakh & Yukhari Garabagh

X X

Shaki – Zaqtala & Daghlig-Shrivan

X X

Kalbajar- Lachin & Nakhchivan X X

Azerbaijan Tyre Market Share, By Vehicle Type,

By Volume, 2010-2020F

0.01% 0.02% 0.03% 0.04% 0.05% 0.06% 0.07% 0.08% 0.09% 0.10%0.11%

1.30% 1.31% 1.32% 1.33% 1.34% 1.35% 1.36% 1.37% 1.38% 1.39% 1.40%

9.00% 9.01% 9.02% 9.03% 9.04% 9.05% 9.06% 9.07% 9.08% 9.09% 9.10%

15.00% 15.01% 15.02% 15.03% 15.04% 15.05% 15.06% 15.07% 15.08% 15.09% 15.10%

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

M&HCV OTR LCV Two-Wheelers

70.00% 70.01% 70.02% 70.03% 70.04% 70.05% 70.06% 70.07% 70.08% 70.09% 70.10%

Passenger Cars

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improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both

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evaluation of the opportunities available in the market.

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Disclaimer

The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made thatit is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sourcesincluding which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of anyinformation and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that ithas no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can changewithout notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage ofthe same for purpose other than internal will require prior approval of TechSci Research.

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azerbaijan tyre market by type 2020 brochure

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