Tire Market in Romania to Grow at CAGR 7% till 2021
Reviving economic
conditions coupled with growing automobile production and sales to drive Romania
tyre market through 2021
According to recently released TechSci Research report, “Romania
Tire Market Forecast & Opportunities, 2021”, tire
market in Romania is anticipated to grow at a CAGR of over 7% during 2016-2021.
Rapid urbanization, expanding automobile fleet and growing infrastructure
development have been identified as the major factors anticipated to boost
demand for tires in the country over the next five years. Moreover, presence of
various global tire manufacturers, such as SC Continental Automotive Products
S.R.L., Michelin Romania S.A. and S.C. Pirelli Tyres Romania S.r.l., is further
anticipated to boost the tire market in the country over the next five years.
Browse 22 market data Tables and 20 Figures
spread through 108 Pages and an in-depth TOC on "Romania Tire Market"
http://www.techsciresearch.com/report/romania-tire-market-forecast-and-opportunities-2021/691.html
Passenger
car segment is forecast to dominate the overall Romania tire market over the
next five years owing to increasing purchasing power and growth in the number
of nuclear families in the country. North-West & Central Region of the
country accounted for the largest volume share in the country’s overall tire
sales in 2015, and the same trend is anticipated to continue through 2021. Some
of the major companies operating in Romania tire market are SC Continental
Automotive Products S.R.L., Michelin Romania S.A., and S.C. Pirelli Tyres
Romania S.r.l., among others.
Download
Sample Report @ http://www.techsciresearch.com/sample-report.aspx?cid=691
Customers can also request for 10% free
customization on this report.
During the forecast period, automobile production in Romania is
anticipated to grow at a CAGR of over 6%, thereby triggering the demand for tires.
Moreover, as per the National Bank of Romania, the country received Foreign
Direct Investments (FDI) worth USD360 million in 2015. Government of Romania
plans to invest this FDI amount in the development of various sectors, such as
construction, logistics, real estate, etc. in the country. Due to proactive
government initiatives coupled with increasing automobile production, the tire
market in Romania is anticipated to register healthy growth rate over the next
five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research based global management consulting firm.
“Romania Tire Market Forecast &
Opportunities, 2021” has evaluated the future growth potential of
tyre market in Romania, and provides statistics and information on market
structure, imports and trends. The report is intended to provide cutting-edge
market intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyses emerging trends along with
essential drivers, challenges and opportunities available in Romania tyre
market.
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: [email protected]