Tyre market forecast and opportunities, 2020

Research and Markets (http://www.researchandmarkets.com/research/hzbhdb/bangladesh_tyre) has announced the addition of the “Bangladesh Tyre Market Forecast and Opportunities, 2020” report to their offering.

Bangladesh tyre market is projected to grow at around 9% CAGR until 2020 on account of rising automobile sales, increasing investments by foreign players, and government support in the form tyreof reduction in import duties

Segment wise, two wheeler tyres dominate the market as the country’s two wheeler fleet exceeds other vehicle fleets by a significant margin. On account of largest population as well as vehicle fleet, Dhaka remains the leading geography witnessing tyre sales across Bangladesh. Despite rising automobile sales, replacement segment continues to dominate the market, holding significant majority share in tyre sales in the country. Major companies like MRF, Dunlop, CEAT, and Goodyear have been selling their tyres in the country through their exclusive distributors.

Over the past few years, Bangladesh has been emerging as another developing country in South East Asia, offering considerable growth opportunities across diverse industry segments including automotive. Several foreign investors are even eyeing Bangladesh as the next important destination over the coming years. Currently, tyre industry in Bangladesh is largely dependent on imports from other countries like India, China, Japan and Indonesia due to scarcity of raw material (natural rubber), lack of indigenous tyre production units as well as skilled labor, and prolonged political instability. However, the scenario is expected to witness a paradigm shift in the coming years as several global leading tyre companies intend to set up their manufacturing plants in the country.

Ceat, for instance, has recently established its tyre manufacturing plant in Bangladesh. Besides tyre companies, many automotive players have also voiced intention to commence manufacturing operations in Bangladesh, which in turn would drive investments in tyre market as well.

Bangladesh Tyre Market Forecast and Opportunities, 2020 discusses the following aspects related to tyre market in Bangladesh:

Growth in Automotive Market

Anticipated Investments by Foreign Players in Domestic Market

Expansion in Distribution Channel

Entry of New Local Players in Domestic Market

Import Driven Market

 

Key Topics Covered:

  1. Research Methodology
  2. Analyst View
  3. Tyre: Product Overview
  4. Bangladesh Tyre Market Outlook
  5. Bangladesh Passenger Car Tyre Market Outlook
  6. Bangladesh Commercial Vehicle Tyre Market Outlook
  7. Bangladesh Two-Wheeler Tyre Market Outlook
  8. Bangladesh Three-Wheeler Tyre Market Outlook
  9. Bangladesh OTR Tyre Market Outlook
  10. Bangladesh Tyre Market Trade Analysis – Import Scenario
  11. Market Dynamics
  12. Policy & Regulatory Landscape
  13. Market Trends & Developments
  14. Bangladesh Economic Profile
  15. Competitive Landscape
  16. Strategic Recommendations

Companies Mentioned

  • CEAT Bangladesh Limited
  • Bridgestone Corporation
  • MRF Limited
  • Rahimafrooz Bangladesh Ltd.
  • Gazi Group
  • Yokohama Rubber Company
  • Bila Tyres
  • Apollo Tyres
  • JK Tyres

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