|Research and Markets: Discover How the Indian Tyre Industry Runs Today
Research and Markets (researchandmarkets.com/reports/c12198) has announced the addition of India Sector Studies: Indian Tyre Industry to their offering.
January 27, 2005 -- The tyre industry has witnessed a CAGR of 8.3% over the last decade mainly fuelled by the strong growth in the domestic auto industry. Though the replacement market has driven the industry growth for long time, the OEM market has seen a robust growth over the last couple of years.
The industry is highly capital intensive, as it requires around Rs 4bn to set up a radial tyre plant with a capacity of 1.5mn tyres and around Rs1.5-2bn for a crossply tyre plant of a capacity to manufacture 1.5mn tyres.
Research and Markets (http://www.researchandmarkets.com/reports/c12198) has announced the addition of India Sector Studies: Indian Tyre Industry to their offering.
The profitability of the industry has high correlation with the prices of key raw materials such as rubber and crude oil as they account for more than 70% of the total costs. The raw material to sales ratio in the industry is around 65%.
The industry has high entry barriers because of its capital intensive nature and low operating margins. With demand increasing at a steady pace, the industry is expected to go through a consolidation phase.
The industry is dominated by four players viz MRF, Apollo Tyres, JK Industries and Ceat and enjoys more than 70% of the total market share.
The fortunes of the industry are linked to the trend in the domestic auto industry, retreading, trend in road transportation and spending on road infrastructure.
The companies have lined up further expansion plans to meet the increasing demand.
The contents of this report are as follows:
Segmentation of Indian Tyre Industry
Market Share and Size
Peculiar Features of the Tyre Industry
Michael Porter's Five Force Model
Trends in Raw Material
Opportunities Lying Ahead
Tyre Company Profiles
Process of Tyre Manufacturing
For more information visit http://www.researchandmarkets.com/reports/c12198
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