hungary tire market forecast 2021 - brochure

Hungary Tire Market Forecast and Opportunities , 2021

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

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T a b l e o f C o n t e n t s

S No. Contents

1. Product Overview

2. Research Methodology

3. Analyst View

4. Hungary Tire Production Overview

5. Hungary Tire Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1.By Vehicle Type (Passenger Car (PC), Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV), Two-Wheeler (2W) & Off-The-Road(OTR))

5.2.2. By Company

5.2.3. By Region

5.2.4. By Demand Category (OEM Vs Replacement)

5.2.5. By Online Vs Offline

5.2.6. By Radial vs Bias

5.3. Prominent Tire Sizes

5.4. Market Attractiveness Index, By Region

5.5. Market Attractiveness Index, By Vehicle Type

6. Hungary Passenger Car (PC) Tire Market Outlook



Market Share & Forecast

6.2.1. By Vehicle Type (Sedan, SUV & Hatchback)

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S No. Contents


6.2.3. By Radial Vs Bias

7. Hungary Light Commercial Vehicle (LCV) Tire Market Outlook




7.2.1. By Vehicle Type (Light Truck & Light Bus)



8. Hungary Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook




8.2.1. By Vehicle Type (Truck & Bus)



9. Hungary Two-Wheeler Tire Market Outlook




9.2.1. By Vehicle Type (Motorcycle & Scooters)



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S No. Contents

10. Hungary OTR Tire Market Outlook




10.2.1. By Vehicle Type (Industrial Equipment Vehicles & Agriculture Equipment Vehicles)



11. Import-Export Analysis

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

13.1. Growing Tire Radialization

13.2. Growing Penetration of Chinese Tires

13.3. Increasing Domestic Tire Production

13.4. Increasing Penetration of Online Tire Sales

13.5. Dominance of Passenger Car Segment

14. Policy & Regulatory Landscape

15. Hungary Economic Profile

16. Competitive Landscape

16.1. Hankook Tire Hungary Ltd.

16.2. Continental Hungaria Kft.

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S No. Contents

16.3. Michelin Hungaria Tyre Manufacture Ltd.

16.4. Goodyear Dunlop Tires Hungary Kft.

16.5. Bridgestone Hungary Kft.

16.6. Kumho Tire Co., Inc

16.7. Nokian Tyres plc

16.8. Cooper Tire & Rubber Company

16.9. Pirelli Hungary Tyre Trading and Services Ltd

16.10. Apollo Vredestein Kft.

17. Strategic Recommendations

18. About Us & Disclaimer

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Vehicle Segment Sub-Segment Customer Segment

Passenger Car

Sedan

IndividualsSUV

Hatchback/Small Car

Light Commercial Vehicles (LCVs)

Light Trucks Logistics, Small Business Entrepreneurs, etc.Light Bus

Medium and Heavy Commercial Vehicles

(M&HCV’s)

TrucksTransport Companies, Logistics, Small Business Entrepreneurs, Government

Bus

Two-Wheelers

Motorcycle

Individuals

Scooters

OTRIndustrial Equipment Vehicles Construction and Mining Companies, Military

and Adventure purposes, Sports & RacingAgriculture Equipment Vehicles

Global tire supplier Michelin defines tire as, “A precisely engineered assembly of rubber,chemicals, fabric, and metal, designed to provide traction, cushion road shock andcarry a load under varying conditions.”

Classification According to Vehicle Type

Product Definition

P r o d u c t O v e r v i e w

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•In-depth secondary research was used todetermine top players in Hungary tiremarket, overall market size and to identifytop automobile tire manufactures.

Market Profiling

•In order to conduct industry expertsinterviews, TechSci Research formulated adetailed questionnaire.

Formulating Questionnaire

•List of industry players (manufacturers),distributors, retailers, and industry specialistswas developed.

Developing list of respondents

•TechSci Research conducted interviews withindustry experts, industry players, for datacollection and verification.

Data Collection

•Data obtained as a result of primary andsecondary research was validated throughrigorous triangulation.

Data Validation

•The data was scrutinized using MS-Excel andstatistical tools such as Time Series analysisetc. to obtain qualitative and quantitativeinsights about Hungary tire market.

Data Analysis

Data Collection

Data Filter& Analysis

Research &Intelligence

ActionableInsights

BusinessSolution

A

C

B

Primary Research

Company Analysis

Desk Research

Identifying Key Opinion

Leaders

Questionnaire Design

In-depth Interviews

Market Participants

Key Strengths

Tire Portfolio

OEM Tie-ups

Recent

Developments

Market Changing

Aspects/Dynamics

Government

Policies

Final Conclusion

TechSci Internal database

Factiva Hoovers

Paid Sources

Company Website Company Annual

Reports White Paper

Study Financial Reports Investor

Presentations Regulatory Body, Associations, etc.

Secondary Research

Primary Research

R e s e a r c h M e t h o d o l o g y

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I n d u s t r y B r i e f

Hungary Tire Market to Grow at 9% till 2021

Continuously expanding automobile production and fleet size, coupled with growing sales of automobiles todrive Hungary tire market through 2021

According to TechSci Research report, “Hungary Tire Market Forecast and Opportunities, 2021”, Hungary tiremarket is forecast to grow at a CAGR of over 9%, in value terms, during 2016-2021, on account of growingautomobile sales and expanding automobile fleet size. Growing demand for tires and increasing vehicle fleetin the country is anticipated to encourage new flagship tire manufacturers to enter the country in order tocapitalize on the bolstering demand for tires in Hungary.

In 2015, Hungary recorded GDP per capita of around USD12,259. Government of Hungary has initiatedseveral infrastructural projects and developments and this has propelled demand for commercial vehicles aswell as related tires in the country. Moreover, growing demand for radial tires in Hungary can be attributed tobenefits such as high fuel efficiency, improved mileage, etc. Few of the prominent tire manufacturingcompanies that have a strong presence in the country include Michelin, Hankook, Continental, Goodyear,Bridgestone, etc.

Hungary’s strategic geographical location in Central Europe, and supportive investment policies has made thecountry a prominent investment destination for various automotive companies. Robust growth in productionof vehicles in the country is further forecast to boost the country’s automotive industry in the coming years.Further, rising penetration of internet and smartphones in the country from 68% in 2011 to about 72.8% in2015 is projected to drive sales of tires through online channels due to benefits such as availability of variousflagship tire brands, discounts and other value-added features including fitment of tires at their preferred tirestores. These factors are anticipated to augur well for the country’s tire market through 2021, said Mr. KaranChechi, Research Director with TechSci Research, a research based global management consulting firm.

https://www.techsciresearch.com/report/hungary-tire-market-forecast-and-opportunities/870.html

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S a m p l e D a t a - S n a p s h o t

Hungary Tire Market Size, By Value (USD Billion),

By Volume (Million Unit), 2011-2021F

1 2 3 4 5 7 8 9 10 11 12

3 5 7 9 1115 17 19 21 23 25

2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F

Value (USD Billion) Volume (Million Units)

Source:XXXXXNote: These are dummy figures; please purchase our report for actual data

5% 5% 5% 5% 5% 5% 5%10% 10% 10% 10% 10% 10% 10%

15% 15% 15% 15% 15% 15% 15%

20% 20% 20% 20% 20% 20% 20%

25% 25% 25% 25% 25% 25% 25%30% 30% 30% 30% 30% 30% 30%

2015 2016E 2017F 2018F 2019F 2020F 2021F

Hankook Continental Michelin Goodyear Bridgestone Others*

Hungary Tire Market Share, By Company, By Volume, 2015-2021F

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

0.00 1.00 2.00 3.00 4.00 5.00 6.00

Hungary Tire Market Attractiveness Index, By Vehicle

Type, By Volume, 2015-2021F

Passenger Car

Light Commercial Vehicle

OTR

Two-Wheeler

Medium & Heavy Commercial

Vehicle

Hungary Tire Market Share, By Region, By Volume, 2015-2021F

1% 1% 1% 1% 1% 1% 1%5% 5% 5% 5% 5% 5% 5%

10% 10% 10% 10% 10% 10% 10%

15% 15% 15% 15% 15% 15% 15%

20% 20% 20% 20% 20% 20% 20%

25% 25% 25% 25% 25% 25% 25%

30% 30% 30% 30% 30% 30% 30%

2015 2016E 2017F 2018F 2019F 2020F 2021F

Central Hungary Northern Great Plain

Southern Great Plain Northern Hungary

Central Transdanubai Western Transdanubai

Hungary Tire Market Share, By Region, By Volume, 2015 & 2021F

2015: X%2021F: X%

2015: X% 2021F: X%

2015: X%2021F: X%

Western Transdanubia

Central Transdanubai

Southern Transdanubai

2015: X%2021F: X%

2015: X% 2021F: X%

2015: X%2021F: X%

Southern Great

Plain

Northern Great Plain

Northern Hungary

2015: X%2021F: X% Central Hungary

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R e p o r t O r d e r i n g

To View Sample OR Purchase Report

Report Price

Report Name: Hungary Tire Market Forecast and Opportunities, 2021

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A b o u t U s & D i s c l a i m e r

TechSci Research – Europe

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Peterborough,

United Kingdom

Email: [email protected]

www.techsciresearch.com

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Tel: +1- 646- 360- 1656



About Us

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides

market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving

productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-

specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global

industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation

of the opportunities available in the market.

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Disclaimer

The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made thatit is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sourcesincluding which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of anyinformation and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that ithas no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, canchange without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption.Usage of the same for purpose other than internal will require prior approval of TechSci Research.

hungary tire market forecast 2021 - brochure

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