passenger car tires market in brazil 2015-2019
TRANSCRIPT
Covered in this Report• The report also presents the vendor landscape and a
corresponding detailed analysis of the prominent vendors in the market.
• In addition, the report includes the major drivers that are influencing the growth of the passenger car tires market in Brazil.
• It also outlines the challenges faced by the vendors and the market at large, as well as the key emerging trends.
• Technavio's report, the Passenger Car Tire Market in Brazil 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.
• It covers the passenger car tire market in Brazil landscape and its growth prospects in the coming years.
• The report also includes a discussion of the key vendors.
Passenger Car Tires Market in Brazil
2015-2019
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Market Overview• With Brazil experiencing a multiyear drought in São
Paulo state (São Paulo accounts for 40% of Brazil’s industrial production), a sluggish economy, and a major corruption scandal, investors have been pessimistic about the country’s economy.
• Furthermore, between 2013 and 2014, the net profits of small businesses in Brazil decreased due to high tax, high inflation, and interest rates, which led to high costs.
• The slowdown experienced by the economy has led to a fall in consumer confidence and GDP is expected to contract 1.08% in 2015 and grow by just about 1.1% in 2016.
• Technavio's analysts forecast the passenger car tire market in Brazil to grow at a CAGR of 3.06% over the period 2014-2019.
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Key Vendors and Regions
• Alliance Tire Group
• Apollo Tyres
• Bridgestone Americas Tire Operations
• Ceat
• Continental Tire the Americas
• Giti Tire (USA)
• Goodyear Tire & Rubber
• Hankook Tire
View Our Report: Passenger Car Tires Market in Brazil 2015-2019
• Brazil
Vendors Regions
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Key Findings
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• Brazil, in terms of internet usage, is the seventh largest country in the world, and according to a recent study, the internet penetration was 43% in urban zones and 10% in rural areas.
• A new trend of buying tires online has evolved globally and this trend is catching up in Brazil as well.
• The trend of buying tires online has increased over the past few years.
• Young internet users are more receptive to buying tires online. Consumers are impressed by the benefits associated with buying tires online, such as saving both time and cost, being able to compare prices, and finding reasonably priced tires.
• The large variety and the current availability of tires, multiple payment options, and quick delivery to the required location are some of the other benefits that are associated with online purchase.
Key Questions Answered in Our Report
• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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Passenger Car Tires Market in Brazil 2015-2019
146 Pages | SKU: IRTNTR6394
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