Poland Tire Market Forecast to Surpass $2.7 Billion Sales by 2021
Increasing
sales of automobiles coupled with continuously expanding automobile fleet size
across the country to drive Poland tire market through 2021
According to TechSci Research report, “Poland Tire Market Forecast & Opportunities, 2021”, the
market for tires in Poland is projected to cross $ 2.7 billion mark by 2021, on account of growing
automobile sales and expanding automobile fleet across the country. Poland is
one of the largest commercial vehicle manufacturers in the entire European
region and has the fastest growing economy in the region. In 2015, the country
recorded a GDP of USD477.06 billion, as per World Bank. Government of Poland has
also initiated several infrastructural and development projects that have lead
to rise in commercial vehicle demand, which in turn are likely to increased
tire sales in the country through 2021. Backed by several favorable economic
policies that were implemented in the country, Poland witnessed unceasing
decline in the inflation rate which contracted from 4.2% in 2011 to -0.87% in
2015.
Browse 13 market data Tables and 44 Figures
spread through 111 Pages and an in-depth TOC on "Poland Tire Market"
https://www.techsciresearch.com/report/poland-tire-market-by-vehicle-type-passenger-cars-light-commercial-vehicles-medium-heavy-commercial-vehicles-two-wheelers-and-off-the-road-competition-forecast-and-opportunities/918.html
In 2015, Central Poland region that includes Lubusz,
Greater Poland, Kuyavian-Pomeranian & Lower Silesian dominated Poland tire
market, and it is expected to maintain its dominance during the forecast period
as well, on the back of major consumer base. Radial tires offer benefits such
as better mileage, better road grip and less fuel consumption, held a major share in the market in 2015, stimulated by growing tire
demand by the prominent passenger car segment. Enhanced utilization of digital
platform, by a wide population of internet users is anticipated to increase
online tire sales by 2021. Moreover, advantages offered by the online tire companies
are compelling the consumers to opt buying through e-commerce. Besides that, rising
demand for hybrid, electric and alternate fuel cars in an effort to reduce
carbon dioxide emissions are projected to increase demand for tires in the
country.
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“Poland’s
geographical location in Central Europe, growing vehicle fleet size and supportive
investment policies have made the country a prominent investment destination
for various automotive companies. Whereas, a robust growth in the production of
vehicles is further predicted to boost the country’s automotive industry in the
coming years. On account of such factors, the country’s tire market is expected
to witness a healthy growth during the forecast period.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Poland Tire Market Forecast
& Opportunities, 2021” has
evaluated the future growth potential of Poland tire market and provides
statistics and information on market structure, size, share and future growth.
The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment evaluation. Besides, the report also
identifies and analyzes emerging trends along with essential drivers,
challenges and opportunities present in Poland tire market.
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