PRN: Portugal $463 Million Tire Market Forecast and Opportunities 2017-2022 - Research and Markets

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Portugal $463 Million Tire Market Forecast and Opportunities 2017-2022 - Research and Markets

 
[05-May-2017]
 

DUBLIN, May 05, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Portugal Tire Market Forecast & Opportunities, 2022" report to their offering.

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Portugal is a West European country with a population of over 10 million people. Anticipated increase in production and sales of varied vehicle segments and gradually rising tire prices are expected to drive Portugal tire market during 2017-2022.

Portugal tire market is projected to cross $ 463 million mark by 2022

Passenger car tire segment dominated Portugal tire market in 2016, and the segment is anticipated to maintain its dominance over the next five years as well. Few of the leading tire manufacturing companies operating in the country's tire market include Michelin, Continental and Bridgestone, with Michelin and Continental operating one tire manufacturing plant each in Portugal. Due to its strong dealership network and wide product portfolio, Michelin dominated the country's tire market in 2016, and the company is anticipated to maintain its dominance during the forecast period as well.

Moreover, rising per capita income, along with a recovering economy is expected to boost sales of passenger cars, light commercial vehicle and medium & heavy commercial vehicles, which is forecast to augment tire sales in the coming years. Increasing tire radialization, rising demand for performance tires and increasing infrastructure spending are all expected to drive Portugal tire market through 2022.

Portugal Tire Market report discusses the following aspects

  • Portugal Tire Market Size, Share & Forecast
  • Segmental Analysis - By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two-Wheeler & Off-the-Road); By Demand Category (OEM Vs. Replacement) and By Radial Vs. Bias
  • Policy & Regulatory Landscape
  • Changing Market Trends & Emerging Opportunities
  • Competitive Landscape & Strategic Recommendations

Market Trends & Developments

  • Growing Tire Radialization
  • Rising Demand for Hybrid, Electric and Alternate Fuel Cars
  • Increasing Winter Tire Penetration
  • Growing Passenger Car Tire Segment
  • Great Logistics Infrastructure

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Analyst View

4. Portugal Tire Production Overview

5. Portugal Tire Market Outlook

6. Portugal Passenger Car Tire Market Outlook

7. Portugal Light Commercial Vehicle Tire Market Outlook

8. Portugal Medium & Heavy Commercial Vehicle Tire Market Outlook

9. Portugal Two-Wheeler Vehicle Tire Market Outlook

10. Portugal off-The-Road Vehicle Tire Market Outlook

11. Portugal Retreading Tire Market

13. Import-Export Analysis

14. Market Dynamics

15. Market Trends & Developments

16. Policy & Regulatory Landscape

17. Portugal Economic Profile

18. Competitive Landscape

19. Strategic Recommendations

Companies Mentioned

  • Bridgestone Portugal Lda
  • CAMAC- Companhia Nacional de Borrachas, S.A.
  • Continental Pnues (Portugal) S.A.
  • Goodyear Dunlop Tires Portugal, Unipessoal, Lda
  • Kumho Tire Co., Inc.
  • Michelin Companhia Luso- Pneu, Lda
  • Nokian Tyres plc
  • Pirelli Neumaticos S.A.
  • Toyo Tire & Rubber Co. Ltd.
  • Yokohama lberia, S.A.

For more information about this report visit http://www.researchandmarkets.com/research/h96w8h/portugal_tire

Media Contact:

Laura Wood, Senior Manager
press@researchandmarkets.com 

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