iran tire (tyre) market forecast 2021 -brochure

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

Iran Tire Market Forecast and Opportunities , 2021

2

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

© TechSci Research

S. No. Contents

1. Product Overview

2. Research Methodology

3. Analyst View

4. Iran Tire Production Overview

5. Iran 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

5.2.2. By Company

5.2.3. By Region

5.2.4. By Demand Category (OEM Vs Replacement)

6. Iran Passenger Car Tire Market Outlook




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


7. Iran Off-The-Road (OTR) Tire Market Outlook




7.2.1. By Vehicle Type (Mining, Construction, Agriculture & Others)

3


© TechSci Research

S. No. Contents

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






9. Iran Light Commercial vehicle Tire Market Outlook






10. Iran Two-Wheeler (2W) Tire Market Outlook



11. Import-Export Analysis

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

13.1. Reviving Automobile Production

4


© TechSci Research

S. No. Contents

13.2. Increasing Radialization of Tires

13.3. Restrictions on Leading International Tire Companies

13.4. Increasing Demand for Low Cost Chinese Tires

13.5. Declining Unorganized Tire Market in Iran

14. Policy & Regulatory Landscape

15. Iran Economic Profile

16. Competitive Landscape

16.1. Barez Industrial Group

16.2. Yazd Rubber Industries Complex (YRIC)

16.3. Hankook Tire

16.4. Kumho Tire Co. Inc.

16.5. Nexen Tire Co., Ltd.

16.6. Cheng-Shin Rubber Ind. Co. Ltd. (Maxxis Tyres)

16.7. Iran Tire Manufacturing Co.

16.8. Pars Tire Co.

16.9. Artawheel Tire Co.

16.10. Falken Tire Corporation

17. Strategic Recommendations

18. About Us & Disclaimer

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

5

© TechSci Research

Vehicle Segment Sub-Segment Customer Segment

Passenger Car

Sedan

IndividualsSUV

Hatchback/Small Car

Light Commercial Vehicle

Pickup Trucks

Transport Companies, Logistics, Small Business Entrepreneurs, Government

Light Bus

Van

Medium & Heavy Commercial Vehicle

BusTransport Companies, Logistics, Small Business Entrepreneurs, GovernmentTrucks

OTR (Off-the-Road) Vehicle

Mining Equipment

Farmers, Mining companies, ConstructionCompanies

Construction Equipment

Agricultural Equipment

Others

Two Wheelers NA Individuals

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

N.A. stands for Not Available

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

6

Tire Market in Iran to Grow at 12% till 2021

Anticipated economic revival due to lifting of sanctions by the western countries coupled with expanding automotive fleet todrive sales of tires in Iran.

According to recently released TechSci Research report, “Iran Tire Market Forecast & Opportunities, 2021”, tire market inIran is anticipated to grow at a CAGR of over 12% during 2016-2021. Anticipated growth in the automobile production andsales is one of the major factors expected to boost tire sales over the next five years in the country. Moreover, lifting ofsanctions by the western countries and anticipated economic revival are further anticipated to augment demand for tires inthe country through 2021.

The UN Security Council and P5+1 nations (China, France, Russia, the United Kingdom, and the United States; plus Germany)imposed various sanctions on the country after Iran refused to suspend its uranium enrichment program. Freedom to exportand import automobiles and tires was restricted for Iran with the imposition of these sanctions. However, due to MultilateralTalks between Iran and P5+1 nations, most of the sanctions on the country have been lifted, and a Joint Comprehensive Planof Action (JCPoA) has been signed by both the sides in July 2015. This move is expected to boost the automobile as well astire market in Iran in the coming years.

In Iran, construction sector is forecast to grow during 2016-2021, which is being backed by various major projects slated forcompletion in the coming years and having a cumulative worth of US$ 200 billion. Moreover, housing demand in the countryis forecast to reach 1.2 million units by 2020. Besides that, the country’s motorization rate, which stood at 170 vehicles per1000 individuals in 2014, is expected to grow in the coming years, with the overall automobile fleet in the country havingincreased at a CAGR of 5.75% during 2010-2014. All these factors are expected to positively influence tire market in Iran overthe next five years.

“Barez, Goldstone, Yazd and Kavir are few of the major domestic tire manufacturing companies, while Hankook, Kumho,Continental, Bridgestone and Michelin are the major global tire companies operating in Iran. Owing to restrictions on theoperations of various major international tire brands in Iran, domestic tire brands dominated the country’s tire market during2011-2015. However, with the lifting of sanctions, various global companies are planning to enter or re-enter the country’stire market, which is a huge positive for the country’s automobile industry, including the tire market.”, said Mr. Karan Chechi,Research Director with TechSci Research, a research based global management consulting firm.

http://www.techsciresearch.com/report/iran-tire-market-forecast-and-opportunities-2021/705.html

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

7

© TechSci Research

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

Volume (Million Units), 2011-2021F

10 11 12 13 14 15 16 17 18 19 20

5 6 7 8 9 10 11 12 13 14 15

Volume (Million Units) Value (USD Billion)

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

5% 5% 5% 5% 5% 5% 5%10% 10% 10% 10% 10% 10% 10%7% 7% 7% 7% 7% 7% 7%

13% 13% 13% 13% 13% 13% 13%

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

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

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

Others* Kumho Tire Chinese Tire** Hankook TireYazd Tire Kavir Tire Barez Tire

Iran Tire Market Share, By Vehicle Type, By Volume, 2011-2021F

5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%

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

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

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

50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%

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

MHCV OTR LCV Two-Wheeler PC

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

15% 15% 15% 15% 15% 15% 15%8% 8% 8% 8% 8% 8% 8%5% 5% 5% 5% 5% 5% 5%

60% 60% 60% 60% 60% 60% 60%

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

Esfahan Region Tabriz Region

Mashhad Region Kermanshah Region

Iran Tire Market Share, By Demand Category, By Volume, 2011-2021F

40% 40% 40% 40% 40% 40% 40% 40% 40% 40% 40%

60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60%

2011 2012 2013 2014 2015 2016E2017F2018F2019F2020F2021F

OEM Replacement

Iran Passenger Car Tire Market Size, By Value (USD

Billion), By Volume (Million Units), 2011-2021F

10 11 12 13 14 15 16 17 18 19 20

5 6 7 8 9 10 11 12 13 14 15

2011 2012 2013 2014 2015 2016E2017F2018F2019F2020F2021F

Volume (Million Units) Value (USD Billion)

© TechSci Research

8

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

To View Sample OR Purchase Report

Report Price

Report Name: Iran Tire Market Forecast and Opportunities, 2021

License Type Price

Electronic Access - Single User License $2500

CD-ROM Mail Delivery $3000

Hard Copy Mail Delivery $3500

Electronic Access - Multi-User License $5000

https://www.techsciresearch.com/sample-report.aspx?cid=705

http://www.techsciresearch.com/report/united-states-radio-taxi-services-market-forecast-and-opportunities-2021/617.html

© TechSci Research

9

TechSci Research – North America

708 Third Avenue, Manhattan,

New York, United States

Tel: +1- 646- 360- 1656

Email: [email protected]

www.techsciresearch.com

About Us

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

Related Reports

Global OTR Tire Market, Competition Forecast & Opportunities 2011-2021

Latvia Tire Market Forecast & Opportunities, 2021

United Kingdom Tire Market Forecast and Opportunities, 2021

Partial List of Clients

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, can changewithout notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage ofthe same for purpose other than internal will require prior approval of TechSci Research.

TechSci Research – Europe

54, Oldbrook, Bretton,

Peterborough,

United Kingdom



TechSci Research – Asia-Pacific

A – 51, Sector -57, Noida, National

Capital Region, U.P. - India

Tel: +91-120-4523900



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