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SOURCE Bharat Book Bureau
MUMBAI, April 29, 2014 /PRNewswire/ --
Bharat Book Bureau presents United States Tyre Market Forecast and Opportunities, 2019. The United States automobile market is the second largest automobile market in the world, with a domestic fleet of approximately 251.5 million passenger cars and commercial vehicles. The automotive sector of the country includes 16 major auto manufacturers. Subsequent to the advent of global economic crisis, the country's automobile sector witnessed a decline; however, the industry has been witnessing a revival over the last few years. In 2013, automobile manufacturers in the country produced more than 11.05 million vehicles and around 15.88 million new vehicles were sold in the country. This huge production and sales figure of the country's automobile sector has significantly contributed to the demand for tyres in the US. http://bit.ly/1hMVkmu
According to "United States Tyre Market Forecast & Opportunities, 2019", the United States tyre market is being dominated by passenger car tyre segment, which accounted for more than three-fourth of total tyre sales in the country in 2013, with commercial vehicle tyre segment accounting for the second largest share. Due to global economic recession, the construction sector in the US declined at a CAGR of around 5% during 2008-12. Declining construction sector had significantly affected the sales of commercial vehicles especially light, medium and heavy duty trucks during this period, which affected the demand for commercial tyres in the country. However, the construction sector witnessed an uptick in the second half of 2013 and trend is expected to continue over the next five years. Recovering construction and housing sectors are further anticipated to revive the demand for commercial and OTR construction vehicles, consequently, boosting the demand for commercial and OTR tyres in the coming years. In addition, the US tyre retreading market is largest in the world. Truck tyre retreading business is quite strong in the US as an increasing number of end consumers are becoming more inclined towards retreaded tyres due to significant cost difference. The retreading market in the country is being dominated by Bridgestone Bandang Tire Solution (BBTS), Goodyear Tire & Rubber Company's Wingfoot, Michelin, and Marangoni. "United States Tyre Market Forecast & Opportunities, 2019" report elaborates following aspects of tyre market in the United States:
Why You Should Buy This Report?
The information contained in this report is based on both primary and secondary sources. Primary research included interviews with tyre manufacturers and channel partners. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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Table of Contents
United States Tyre Market Outlook
United States Replacement Tyre Market Outlook
United States Tyre Retreading Market Outlook
United States Passenger Car Tyre Market Outlook
United States Commercial Vehicle Tyre Market Outlook
United States OTR & Two Wheelers Tyres Market Outlook
United States Scrap Tyre Market Outlook
Tyre Trade Analysis
Sales Channel Analysis
Raw Material Analysis
Market Trends & Developments
Policy & Regulatory Landscape
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About Bharat Book Bureau
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