DUBLIN, Dec. 09, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/dpdkls/angola_tyre) has announced the addition of the "Angola Tyre Market Forecast and Opportunities, 2020" report to their offering.
Angola's focus on diversification into non-oil sectors, coupled with growing construction activities, expanding vehicle fleet and increasing automobile sales are expected to drive the country's tyre market at a CAGR of more than 10% during 2015 - 2020.
Due to low motorization rate of around 37 vehicles (passenger cars & commercial vehicles) per 1000 people in 2013, Angola's automotive industry offers considerable growth potential. Over the last few years, the automobile sector in the country has been witnessing an uptick in investments, with vehicle imports also exhibiting growth. This has translated into boosting demand for other automotive products in the country, including tyres. Automobile sector in Angola lacks presence of any automobile OEMs. Moreover, the country does not have any tyre manufacturing facilities. Due to this reason, the tyre market of the country is entirely replacement and import driven.
During 2010-2014, the passenger car tyre segment was among the key segments in the country's tyre market, and this trend is expected to continue during the forecast period as well. Decline in crude oil prices to USD60 per barrel in 2014, has widened the country's deficit, leading to retrenchment of public expenditure in infrastructure and construction activities. However, the country has various infrastructure projects in pipeline, which are forecast to drive the commercial vehicle and OTR tyres market over the course of next five years.
Angola Tyre Market Forecast & Opportunities, 2020 report elaborates following aspects related to tyre market in Angola:
- Rapid Growth in Demand for Two-Wheeler Tyres
- Increasing Penetration of Chinese Tyre
- Increasing Penetration of Retreaded Tyres
- Growing Demand for Radial Tyres
- Increasing Automobile Sales
Key Topics Covered:
1. Research Methodology
2. Analyst View
3. Product Overview
4. Angola Tyre Market Outlook
5. Angola Passenger Car (PC) Tyre Market Outlook
6. Angola Commercial Vehicle (CV) Tyre Market Outlook
7. Angola Two-Wheeler (2W) Tyre Market Outlook
8. Angola Off-The-Road (OTR) Vehicle Tyre Market Outlook
9. Market Dynamics
10. Market Trends & Developments
11. Policy & Regulatory Landscape
12. Angola Economic Profile
13. Competitive Landscape
14. Strategic Recommendations
Companies Mentioned
- Bridgestone Corporation
- Continental AG
- Goodyear Tyre & Rubber Company
- Hankook Tire
- Kumho Tire Co., Inc
- SCA Compagnie Générale des Établissements Michelin
- The Yokohama Rubber Company Limited
- Triangle Tyre Co., Ltd
For more information visit http://www.researchandmarkets.com/research/dpdkls/angola_tyre
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
