BASED on Ken Research’s market report, Asia Tire Industry Future Outlook to 2017 – Growth to be Driven by Green Tires, Asian tyre industry revenues have increased from US$54,214.8 million in 2008 at a CAGR of 22% during 2008-2012.
According to the report, major Asian tyre enterprises have been increasingly focusing on vertical expansions to downplay whatever effects volatile prices of key raw materials such as natural rubber have on the sector.
Companies have also been acquiring rubber estates outside their operating countries as well as developing alternate sources of raw materials.
The reports covers topics, including market size of the Asian Region; China, Japan, India, South Korea OEM and Replacement tyre industry; market segmentation of China tyre industry on the basis of OEM; replacement and exports, radial and bias tyres and types of vehicles (passenger, truck & bus, motorcycle, industrial and off-the-road vehicles; market share and detailed company profiles of the major manufacturers of tyres in China, Japan, India and South Korea