Algeria Tyre Market Performance Discussed by TechSci Research in Its Insightful Research Report Available at MarketPublishers.com
10 Apr 2015 • by Natalie Aster
LONDON – The Algerian automotive market is recognized as one of the largest automotive markets in the African region. During the past five years, the country’s tyre market was following an upward trend owing to the rising demand for automobiles, primarily for passenger cars. The Algerian tyre market is led by the replacement tyre sector owing to the lack of local automobile production facilities. Thus, the Algerian tyre market is totally dependent on imported goods. Japan, China, Indonesia and South Korea are the key suppliers of tyres to Algeria.
Through 2020, the Algerian tyre market is anticipated to register above a 6% CAGR. For instance, sales in the passenger tyre sector grew at a 12% CAGR from 2010 till 2014, thereby driving increase in demand for passenger car replacement tyres in the years to come. The lion’s share of tyre demand in Algeria is held by the Northern region of the country. Through 2020, the Northern region is expected to maintain its dominance in the Algerian tyre market. The Chinese tyre brands take lead in the Algerian tyre market.
In-demand report “Algeria Tyre Market Forecast and Opportunities, 2020” prepared by TechSci Research provides a 360-degree analysis of the Algerian tyre market scenario. The research study assists in gaining in-depth understanding of the county’s tyre market landscape. It unveils data on the market share, size, value, volume; limelights changing market trends and also points out the emerging opportunities of the Algerian tyre market. Furthermore, the research work draws a comprehensive picture of the market competitive landscape and comprises profiles of the largest Algeria’s tyre market participants, including Qingdao Doublestar Rubber & Plastic Machinery, Double Coin Holdings, Pirelli Tyre S.p.A., Bridgestone Corporation, Shandong Linglong, among others. Moreover, the report includes extensive forecasts for the country’s tyre market till 2020, which demonstrate possible scenarios of the market future development.
Algeria Tyre Market Forecast and Opportunities, 2020
Date: March, 2015
Price: US$ 2,000.00
Other comprehensive market research reports elaborated by the publisher can be found at TechSci Research page.