Philippines Tire Markets, 2025 - Market is Projected to Grow at a CAGR of 13.3%
DUBLIN, April 11, 2019 /PRNewswire/ -- The "Philippines Tire Market (2019-2025): Market Forecast By Origin (Local Manufacturing and Imports), By Vehicle Types (Trucks (Radial and Bias), Light Trucks (Radial and Bias), Passenger Cars and Two-Wheelers )) and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
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Philippines tire market is projected to grow at a CAGR of 13.3% during 2019-25.
Increasing sales of trucks and passenger cars on account of various automotive sector policies such as Comprehensive Automotive Resurgence Strategy (CARS program), Comprehensive Motor Vehicle Development Program and Rising Per Capita Income have propelled the growth of tire industry in the Philippines in last few years. In addition to these policies, rising consumer spending and strengthening transportation infrastructure supported by government programs such as "Build, Build, Build" (BBB) Program and rising share of the urban population would drive the demand for tires over the next six years.
Increasing the disposable income of vehicle owners, growing automotive demand and the rapidly growing requirement for electric vehicles in the region would offer favorable opportunities for the tire market growth in the Philippines during the forecast period. On account of increasing sales of all kinds of vehicles owing to low life-cycle cost and better puncture resistance, radial tires would be the major revenue generating segment in the Philippines tire market forecast period.
Truck tires are the leading revenue generating segment in the overall Philippines tire market. Further, the government's push for infrastructure development in the country would lift the demand for trucks which would eventually lead to higher demand for truck tires during the forecast period. However, with increasing consumer spending, the passenger cars segment is expected to grow at the fastest rate among all kinds of vehicles during the forecast period.
The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Key Topics Covered:
1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of The Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Philippines Tire Market Overview
3.1 Philippines Country Indicators
3.2 Philippines Tire Market Revenues and Volumes, 2016-2025F
3.3 Philippines Tire Market - Industry Life Cycle, 2018
3.4 Philippines Tire Market - Porter's Five Force Model
3.5 Philippines Tire Market Revenues and Volume Share, By Origin, 2018 & 2025F
4. Philippines Tire Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Philippines Tire Market Overview, By Origin
5.1 Philippines Local Manufactured Tire Market Revenues and Volume, 2016-2025F
5.2 Philippines Import Tire Market Revenues and Volume, 2016-2025F
6. Philippines Tire Market Overview, By Vehicle Types
6.1 Philippines Passenger Car Tire Market Revenues and Volume, 2016-2025F
6.1.1 Philippines Passenger Car Tire Market Revenues and Volume Share, By Origin, 2018 & 2025F
6.1.2 Philippines Passenger Car Tire Market Revenues and Volume, By Origin, 2016-2025F
6.2 Philippines Truck Tire Market Revenues and Volume, 2016-2025F
6.2.1 Philippines Truck Tire Market Revenues and Volume Share, By Origin, 2018 & 2025F
6.2.2 Philippines Truck Tire Market Revenues and Volume, By Origin, 2016-2025F
6.2.2.1 Philippines Local Manufactured Truck Tire Market Revenues and Volume, By Types, 2016-2025F
6.2.2.2 Philippines Import Truck Tire Market Revenues and Volume, By Types, 2016-2025F
6.3 Philippines Light Truck Tire Market Revenues and Volume, 2016-2025F
6.3.1 Philippines Light Truck Tire Market Revenues and Volume Share, By Origin, 2018 & 2025F
6.3.2 Philippines Light Truck Tire Market Revenues and Volume, By Origin, 2016-2025F
6.3.2.1 Philippines Local Manufactured Light Truck Tire Market Revenues and Volume, By Types, 2016-2025F
6.3.2.2 Philippines Import Light Truck Tire Market Revenues and Volume, By Types, 2016-2025F
6.4 Philippines Two Wheeler Vehicle Tire Market Revenues and Volume, 2016-2025F
6.4.1 Philippines Two Wheeler Vehicle Tire Market Revenues and Volume Share, By Origin, 2018 & 2025F
6.4.2 Philippines Two Wheeler Vehicle Tire Market Revenues and Volume, By Origin, 2016-2025F
7. Philippines Tire Market - Key Performance Indicators
8. Philippines Tire Market Opportunity Assessment
8.1 Philippines Tire Market Opportunity Assessment, By Origin, 2025F
8.2 Philippines Local Manufactured Tire Market Opportunity Assessment, By Vehicle Type, 2025F
8.3 Philippines Import Tire Market Opportunity Assessment, By Vehicle Type, 2025F
9. Philippines Tire Market - Competitive Landscape
9.1 Competitive Benchmarking, By Tires
9.2 Philippines Tire Market Revenue Share, By Company, 2018
9.2.1 Philippines Tire Market Revenue Share, By Company, By Origin, 2018
9.2.2 Philippines Tire Market Revenue Share, By Company, By Vehicle Type, 2018
10. Company Profiles
10.1 General Company Establishment MICHELIN
10.2 Bridgestone Corporation
10.3 The Goodyear Tire & Rubber Company
10.4 The Yokohama Rubber Co., Ltd.
10.5 Giti Tire Corporation
10.6 Cheng Shin Rubber Ind. Co., Ltd.
10.7 MRF Limited
10.8 Apollo Tyres Ltd.
10.9 Sumitomo Rubber Industries, Ltd.
10.10 Toyo Tire & Rubber Co., Ltd.
10.11 Continental AG
11. Key Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/sfbhv
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