passenger car tire market in australia 2015-2019
TRANSCRIPT
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Passenger Car Tire Market in Australia 2015-2019
The report discusses the following in-depth:
• Market Size and Forecast
• Market Segmentation
• Buying Criteria
• Vendor Landscape
• Business Segmentation
• Geographical Segmentation
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Passenger Car Tire Market in Australia 2015-2019,
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Key Trends
Technavio’s Senior Analyst says, “The market has prominent tire manufacturers such as Michelin, Bridgestone, Toyo Tire, Yokohama, Goodyear, and Continental Tires, and also has established automobile vendors such as Ford, General Motors, Honda, Mercedes-Benz, and Toyota. Though passenger car sales witnessed a decline in 2013 and 2014, the tire market in general has witnessed consistent growth over the past decade. Passenger car sales are expected to decline during the forecast period.”
• The history of tires dates back to the mid-1800s, during which only rubber tires, best known as solid tires, were used. Advances in technology led to the replacement of solid tires by pneumatic tires. They were first used in automobiles by the Michelin brothers, who went on to become one of the prominent tire vendors in Europe. Over time, the tire market witnessed new breakthroughs in technology and the entry of many vendors.
• Technavio's analysts forecast the passenger car tire market in Australia to grow at a CAGR of 2.11% over the period 2014-2019.
• Understanding the key drivers influencing the market
• Understanding the challenges faced by the market
• Activities of various stakeholders involved
• Key focus areas for the vendors
• Major trends that will shape the future of this market
• Vendor landscape and trajectory of the market
• Conclusion
Scope of The Report
A detailed analysis of each market driver, challenge
and trend isavailable in our report:
Passenger Car Tire Market in Australia 2015-2019
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Vendors
To understand the vendor landscape and for a full list of vendors view our report:
Passenger Car Tire Market in Australia 2015-2019
Alliance Tire Group
Bridgestone Australia
Continental
Alliance Tire Group was established in 1950 and is headquartered in Hadera, Israel. The company designs, manufactures, and markets agricultural, forestry, industrial, and OTR tires worldwide. It offers products under the brand names Alliance, Galaxy, and Primex to OEMs and aftermarket customers.
Bridgestone Australia was founded in 1939 and is headquartered in Greenhill Road Eastwood, Australia. The company manufactures and markets passenger car, light truck, and motorsport tires.
Continental was founded in 1871 and is headquartered in Hannover, Germany. It is an automotive manufacturing company that manufactures brake systems, tires, automotive safety systems, powertrain components, chassis components, and other parts for the Automotive industry.
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Market Landscape• The market is a derived market; the growth or decline of this market depends on
the sales of passenger cars and the demand from the replacement market.
• For tire manufacturers, the replacement segment forms a significant source of revenue and is critical to the industry's growth.
• Natural rubber is one of the most important raw materials for the tire industry and around 14% of the total weight of a tire consists of natural rubber.
• In recent years, there have been instances when the prices of natural rubber have increased considerably.
• The major natural rubber producing countries are in south and Southeast Asia. Rubber plantations in these regions are prone to seasonal damage and extreme weather conditions.
• In such situations, the supply becomes unpredictable leading to price volatility. This has led to the development of alternative sources of natural rubber.
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Key Buying Criteria Guest BloggersParameter Details
Cornering Grip Tires should be stable while cornering.
Rolling Resistance Tires with lower rolling resistance enhance fuel economy.
Traction and Grip Tires need to provide effective traction and grip when driving in regions they are designed for.
Performance Tires should perform well on the speed rating they are designed for. They should provide the right braking, acceleration, handling, and traction.
Safety and Comfort Tires should provide the required safety and comfort to the occupants.
Quality The quality of materials used in tires should meet the expectations of the buyer.
Handling Tires should respond well to steering and braking.
Weather Tires should perform well in the weather conditions they are designed for.
Durability The durability of tires should be high.Cost The overall cost of tires should not be high.
Driving Style Tires should perform well in the driving style they are designed for.
• Growth Forecasts?
• Market Analysis?
• Revenue Forecasts?
• Regional and Country level Analysis?
• Competitive Structure?
• Emerging Trends?
• Vendor Landscape?
• Other?
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Passenger Car Tire Market in Australia 2015-2019
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