Russian tyre market studied

ERJ staff report (DS)

Dublin, Ireland -- TechSci Research has published a new report titled, Russia Tyre Market Forecast & Opportunities, 2017

. The 92-page report was first published in February 2012and is available for a price of around Euro 1340, depending on delivery options.

The publishers say, "The global tyre market is all set grow at a CAGR of around 17 percent for next five years. The majority of demand for tyres is expected from emerging economies, BRICS countries. With all the positive market dynamics the tyre industry in Russia will witness immense opportunities for exponential growth. In 2011, Russian tyre market has showed decent growth in sales which is directly proportional to the automobile sales in the country. "

A press release from the company says, "Nizhnekamskshina is all set to lead the Russian tyre market which was considered as the only closest competitor. In 2009, Nizhnekamskshina held 15% share alone preceding Sibur with 17.9 percent market share. Nizhnekamskshina caters to almost all the available segments including Passenger cars, LCV, commercial vehicles, agricultural as well as industrial vehicles which form most of the Russian tyre market."

ERJ has not seen this report and can make no comment on the quality of the research or of the conclusions.

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Home page of report on Research & Markets website

Nizhnekamskshina to Lead Russian Tyre Market by FY14 Says TechSci Research (Russia)