Passenger Car Tire Market in Spain 2015-2019
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Transcript of Passenger Car Tire Market in Spain 2015-2019
Passenger Car Tire Market in Spain 2015-2019
Covered in this Report• This report covers the present scenario and the growth
prospects of the passenger car tire market in Spain for 2015–2019. The market forecast and analysis is provided in terms of volume.
• 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 tire market in Spain.
• Technavio's report, the Passenger Car Tire Market in Spain 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 Spain landscape and its growth prospects in the coming years.
Passenger Car Tire Market in Spain
2015-2019
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Market Overview• In 2011, Spain had approximately 482 passenger
cars per 1,000 people and 424,505 miles of total road network, which depicts the commercial viability of the automotive industry in the country.
• The country does not have mandatory winter tire regulations. However, vehicles in Spain are subject to winter tire fitments or snow chains (in regions indicated through sign boards).
• Temperature variations in the country necessitates the need for different types of tires, including winter tires, which are typically advocated for places with temperatures of less than 45 degree Fahrenheit.
• Technavio's analysts forecast the passenger car tire market in Spain to grow at a CAGR of 3.10% over the period 2014-2019.
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Key Vendors and Regions
• Apollo Vredestein B.V.
• Bridgestone Europe NV
• BRISA Bridgestone Sabanci Tire Manufacturing and Trading Inc.
• Continental AG
• Cooper Tire & Rubber Co.
• Debica S.A.
• Deldo Autobanden N.V.
View Our Report: Passenger Car Tire Market in Spain 2015-2019
• Spain
Vendors Regions
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Key Findings
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• Because vendors are faced with high operational costs, increased raw material costs, and difficulty in gaining adequate return on investment, they are developing innovative offerings to remain competitive in the market and increase their profits.
• Therefore, they are investing heavily in R&D to develop new concepts and products with innovative tread and groove patterns for the tire market in Europe.
• Leading vendors in the market face competition from companies offering similar products as well as from those offering substitutes.
• Some of the main areas of competition include technology, delivery, product performance, price, service, and customer preference.
• Because of the intense competition, the market is expected to witness increasing launches of innovative products during the forecast period.
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 Tire Market in Spain 2015-2019
214 Pages | SKU: IRTNTR6393
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