London, 20 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Tire Market in Brazil 2014-2018, which is expected to grow at a CAGR of 8.01 percent during the forecast period of 2013-2018.
“An increase in automobile sales has given momentum to the Tire market dominated by the Aftermarket segment, and the demand for tires is expected to increase at an exponential rate during the forecast period,” says Faisal Ghaus, Vice President of TechNavio.
Key Market Drivers
- Favorable Government Policies
- Improved Economic Conditions
- Infrastructure Development
- International Sports Events
Key Market Trends
- Increased Use of TPMS
- Tightening of Tire Disposal Laws
- Increased Automobile Demand
- Online Tire Purchase
Key Market Drivers
- Bridgestone Corp.
- Compagnie Générale des Établissements Michelin SCA
- Continental AG
- Pirelli & C. SpA
- The Goodyear Tire & Rubber Co.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
