Ireland Tire Market to Cross € 400 Million by 2021
Increasing
passenger car sales, coupled with growing automobile fleet and rising demand
for MHCV vehicles from infrastructure industry, to fuel demand for tires during
next five years.
According to TechSci Research report, “Ireland
Tire Market By Vehicle Type Competition
Forecast and Opportunities, 2011 – 2021”, the country’s tire market is projected to
reach US$450 million (€ 400 Mn) by 2021. Major growth drivers in Ireland tire market include increasing
vehicle fleet, introduction of new vehicle models, coupled with growing economy
and rising purchasing power. In 2015, passenger car tire segment dominated the country’s
tire market, followed by commercial vehicle and off-the-road vehicle segments. Moreover,
demand for light commercial vehicles is rising in the country on account of increasing
demand from Small and Medium Scale Enterprises (SMEs).
Browse
9 market data Tables and 28 Figures spread through 96 Pages and an in-depth TOC on
"Ireland Tire Market "
https://www.techsciresearch.com/report/ireland-tire-market-by-vehicle-type-passenger-car-lcv-off-the-road-m-hcv-two-wheeler-competition-forecast-and-opportunities-2011-2021/728.html
As of 2015, tire market in Ireland was mainly
concentrated in two provinces, Eastern and Southern regions of Ireland. With a
cumulative volume share of over 60% in 2015 in the country’s tire market, Eastern
and Southern regions have been dominating the tire market landscape in the
country on account of both of these regions having the largest number of economic
and commercial centers. Presence of various multinational tire brands such as
Michelin, Bridgestone, Goodyear, Yokohama, Toyo, Kumho, Pirelli, Hankook, etc.,
results in high competition in the country’s tire market. However, due to the
absence of any tire manufacturing facility in the country, the domestic demand
for tires is completely dependent on imports.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=728
Customers
can also request for 10% free customization on this report.
“With enough government support to SMEs coupled with various initiatives
being taken to strengthen the country’s economic environment, Ireland is expected
to attract huge foreign investments in the coming years. Moreover, increasing
focus towards infrastructure development by the Irish government, is expected
to positively affect demand for commercial and OTR vehicle tires over the
course of next five years.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Ireland
Tire Market By Vehicle Type Competition Forecast and Opportunities, 2011 – 2021” has analyzed the potential
of Ireland tire market, and provides statistics and information on market size,
consumer behavior and trends. The report will suffice in providing the
intending clients with cutting-edge market intelligence and help them in taking
sound investment decisions. Besides, the report also identifies and analyzes
emerging trends along with essential drivers and key challenges faced by the
industry.
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]