Demand for tires in Russia is expected to increase at a moderate pace owing to expanding vehicle fleet size
According to TechSci Research report, “Russia Tire Market By Vehicle Type, By Demand Category, By Radial vs Bias, By Summer Tire vs Winter Tire, By Region, Competition, Forecast & Opportunities, 2025”, tire market in Russia is projected to cross 90 million unit sales by 2025, on account of recovering automobile sales, expanding automobile fleet size and consistently increasing tire prices in the country. Moreover, Russia’s Gross National Income (GNI) per capita has been witnessing a consistent rise over the last 10 years, which in turn has positively impacted the purchasing power of consumers in the country. Moreover, with expanding population base, rising purchasing power and growing infrastructural development, demand for tires in the country is expected to grow through 2025.
Browse 27 market data Figures spread through 70 Pages and an in-depth TOC on "Russia Tire Market"
In 2019, Russia tire market has dominated by passenger car tire segment, followed by medium & heavy commercial vehicle, light commercial vehicle, OTR vehicle and two-wheelers tire segments. Few of the prominent tire manufacturing companies in Russia include Michelin Russia and CIS, Continental Kaluga Limited Liability Company, Hankook Tire Rus Limited Liability Company, Bridgestone C.I.S Limited Liability Company, Nizhnekamskshina Joint Stock Company, Pirelli Tyre Russia Limited Liability Company, Nokian Tyres PLC, Altai Tyre Open Joint Stock Company, Belshina Open Joint Stock Company, among others. In 2019, Central region accounted for the largest market share in Russia tire market, followed by Volga Region, South Region & Crimean Region, Ural Region, North Region, Siberian Region, North-West Region and Eastern Region.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4348
Customers can also request for 10% free customization on this report.
“Increasing per capita income is the major factor fuelling demand for passenger cars in Russia. Moreover, increasing mining activities in the country are further boosting demand for OTR tires in the country. Also, growing Chinese tire penetration, increasing share of foreign tire manufacturers and rising online tire sales are expected to positively impact Russia tire market during 2020-2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Russia Tire Market By Vehicle Type, By Demand Category, By Radial vs Bias, By Summer Tire vs Winter Tire, By Region, Competition, Forecast & Opportunities, 2025” has analyzed the potential of Russia tire market, and provides information and statistics on market structure, imports and trends. The report intends in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. The report also identifies and analyses emerging trends along with essential drivers and key challenges faced by Russia tire market.
Browse Related Reports
Global Electric Two Wheeler Market By Vehicle Type (Scooter/Moped and Motorcycle), By Battery Capacity (<25 Ah and >25 Ah), By Battery Type (Lead Acid and Li-ion), By Region, Competition, Forecast & Opportunities, 2014-2024
Asia-Pacific Electric Truck Market By Vehicle Type (LDT, MDT & HDT), By Type (BEV, HEV, PHEV & FCEV), By Range (Upto 150 Miles, 151-250 Miles, 251-500 Miles & Above 500 Miles), By Application (Logistics, Mining & Construction), By Country, Competition, Forecast & Opportunities, 2024
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Did you hear there's a 12 word phrase you can speak to your partner... that will induce intense emotions of love and impulsive attraction for you deep inside his chest?
ReplyDeleteThat's because hidden in these 12 words is a "secret signal" that fuels a man's impulse to love, treasure and look after you with all his heart...
12 Words Will Fuel A Man's Love Instinct
This impulse is so hardwired into a man's brain that it will drive him to try harder than ever before to make your relationship as strong as it can be.
Matter-of-fact, fueling this powerful impulse is so binding to getting the best ever relationship with your man that the moment you send your man one of these "Secret Signals"...
...You will soon notice him expose his mind and heart to you in a way he's never expressed before and he will see you as the one and only woman in the universe who has ever truly understood him.