Sri Lanka Tire Market Forecast and Opportunities, 2021

  • ID: 3699401
  • Report
  • Region: Sri Lanka
  • 100 pages
  • TechSci Research
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Tire Market in Sri Lanka Expected to Reach US$488 Million in 2016

FEATURED COMPANIES

  • Apollo Tyre Ltd.
  • Bridgestone Corporation
  • Kumho Tire Co.
  • MRF Limited
  • MORE
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Tire industry in Sri Lanka has been growing over the last five years due to rising automobile sales and fleet, on account of increasing income levels, growing infrastructure sector and easy availability of automobile loans at lower interest rates. During 2013-2015, automobile market in Sri Lanka witnessed growth on the back of increasing new vehicle registrations, with motor car sales and motorcycle sales standing at 105,628 units and 370,889 units in 2015, respectively.

This in turn positively influenced demand for two wheeler tires in the country over the last couple of years. Moreover, growing supply chain and logistics sector in the country is anticipated to drive expansion of commercial vehicle fleet over the next five years, which is expected to boost demand for commercial vehicle tires in the coming years.

According to “Sri Lanka Tire Market Forecast & Opportunities, 2021”, the tire market in Sri Lanka is expected to reach US$ 488 million in 2016, on account of consistent increase in sales of two wheelers and three wheelers, rising private sector investments in the country’s construction, agriculture and industrial sectors, and expanding fleet of commercial vehicles.

With a fleet size of 3.36 million units of two wheelers in 2015, the country’s tire market is dominated by two wheeler tire segment in volume terms.

CEAT Kelani, Global Rubber Industries (GRI) and Faga are few of the major domestic tire manufacturing companies, while MRF Tires, Apollo, Goodyear and Bridgestone are the major global tire companies operating in Sri Lanka.

“Sri Lanka Tire Market Forecast & Opportunities, 2021” report elaborates following aspects of tire market in Sri Lanka:

- Sri Lanka Tire Market Size, Share & Forecast
- Segmental Analysis - Passenger Car Tires, Light Commercial Vehicle Tires, Medium & Heavy Commercial Tires, Two Wheeler Tires, OTR Tires & Three-Wheeler Tires
- Policy & Regulatory Landscape
- Changing Market Trends and Emerging Opportunities
- Competitive Landscape and Strategic Recommendations

Why You Should Buy This Report?

- To gain an in-depth understanding of tire market in Sri Lanka
- To identify the on-going trends and segment wise anticipated growth in the coming years
- To help industry consultants, tire companies and other stakeholders to align their market-centric strategies
- To obtain research based business decision and add weight to presentations and marketing material
- To gain competitive knowledge of leading players

Report Methodology

The information contained in this report is based on both primary and secondary sources. Primary research includes interviews with tire companies, distributor, retailers and industry experts. Secondary research includes an exhaustive search of relevant publications such as company annual reports, financial reports and proprietary databases.

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FEATURED COMPANIES

  • Apollo Tyre Ltd.
  • Bridgestone Corporation
  • Kumho Tire Co.
  • MRF Limited
  • MORE
Free Webex Call

Speak directly to the analyst to clarify any post sales queries you may have.

10% Free customization

This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

1. Research Methodology

2. Analyst View

3. Product Overview

4. Sri Lanka Tire Production Overview

5. Sri Lanka 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 (Passenger Car, LCV, 2W, 3W, M&HCV and OTR)
5.2.2. By Company
5.2.3. By Region

6. Sri Lanka Two Wheeler (2W) Tire Market Outlook
6.1. Market Size and Forecast
6.1.1. By Value and Volume
6.2. Market Share and Forecast
6.2.1. By Vehicle Type (Motorcycle and Moped)

7. Sri Lanka Three Wheeler (3W) Tire Market Outlook
7.1. Market Size and Forecast
7.1.1. By Value and Volume

8. Sri Lanka Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook
8.1. Market Size and Forecast
8.1.1. By Value and Volume
8.2. Market Share and Forecast
8.2.1. By Vehicle Type (HCV and MCV)

9. Sri Lanka Passenger Car (PC) Tire Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type (Hatchback, Sedan and SUV)

10. Sri Lanka Light Commercial Vehicle (LCV) Tire Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Vehicle Type (Vans, Pickups & Light Trucks and Mini Bus)

11. Sri Lanka Off-The-Road (OTR) Tire Market Outlook
11.1. Market Size and Forecast
11.1.1. By Value and Volume
11.2. Market Share and Forecast
11.2.1. By Vehicle Type (Agriculture Vehicle and Construction & mining Vehicle)

12. Import-Export Analysis

13. Market Dynamics
13.1. Drivers
13.2. Challenges

14. Market Trends & Developments
14.1. Growing Demand for OTR Tires
14.2. Increasing Automotive Sales
14.3. Rapidly Growing Online Tire Sales
14.4. Rising Demand of Retread Tires
14.5. Increasing Popularity of Chinese Tires

15. Policy & Regulatory Landscape

16. Sri Lanka Economic Profile

17. Competitive Landscape
17.1. CEAT-Kelani International Tyres (Pvt.) Limited
17.2. Apollo Tyre Ltd.
17.3. MRF Limited
17.4. Cheng Shin Rubber Industry Co. Ltd.
17.5. Global Rubber Industries, Pvt. Ltd.
17.6. Faga Tyres Private Limited
17.7. Bridgestone Corporation
17.8. Samson Rubber Industries (Pvt) Ltd
17.9. Kumho Tire Co.
17.10. Goodyear Tire & Rubber Co.

18. Strategic Recommendations

List of Figures

Figure 1: Sri Lanka Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
Figure 2: Sri Lanka Tire Market Share, By Vehicle Type, By Volume, 2011-2021F
Figure 3: Sri Lanka Tire Market Share, By Company, By Volume, 2015-2021F
Figure 4: Sri Lanka Tire Market Share, By Region, By Volume, 2015 & 2021F
Figure 5: Sri Lanka Tire Market Share, By Region, By Volume, 2015-2021F
Figure 6: Sri Lanka Two-Wheeler Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
Figure 7: Sri Lanka Tire Market Share, By Vehicle Type, By Volume, 2015-2021F
Figure 8: Sri Lanka Three-Wheeler Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
Figure 9: Sri Lanka Medium & Heavy Commercial Vehicle Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
Figure 10: Sri-Lanka Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2021F
Figure 11: Sri Lanka Passenger Car Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
Figure 12: Sri Lanka Passenger Car Sales, 2008-2015 (Units)
Figure 13: Sri Lanka Passenger Car Fleet, 2008-2015 (Thousand Units)
Figure 14: Sri Lanka Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2015-2021F
Figure 15: Sri Lanka Light Commercial Vehicle Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
Figure 16: Sri-Lanka Light Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2021F
Figure 17: Sri Lanka Off-The-Road Vehicle Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
Figure 18: Sri Lanka OTR Tire Market Share, By Vehicle Type, By Volume, 2015-2021F
Figure 19: Sri Lanka Commercial Vehicle Tire Imports, By Value, 2010-2014 (USD Million)
Figure 20: Sri Lanka Passenger Car Tire Imports, By Value, 2010-2014 (USD Million)
Figure 21: Sri Lanka Off-The-Road Tire Imports, By Value, 2010-2014 (USD Million)
Figure 22: Sri Lanka Two-Wheeler Tire Imports, By Value, 2010-2014 (USD Million)
Figure 23: Sri Lanka Tire Imports Share, By Vehicle Type, By Value, 2014
Figure 24: Sri Lanka Commercial Vehicle Tire Exports, By Value, 2010-2014 (USD Million)
Figure 25: Sri Lanka Passenger Car Tire Exports, By Value, 2010-2014 (USD Million)
Figure 26: Sri Lanka Off-The-Road Tire Exports, By Value, 2010-2014 (USD Million)
Figure 27: Sri Lanka Two-Wheeler Tire Exports, By Value, 2010-2014 (USD Million)
Figure 28: Sri Lanka Tire Exports Share, By Vehicle Type, By Value, 2014
Figure 29: Sri Lanka Internet Penetration (per 100 People), 2010-2014 (%)

List of Tables

Table 1: Sri Lanka Tire Production Capacity, By Company & Plant Location, 2014
Table 2: Sri Lanka Two-Wheeler Fleet Size, 2010-2015 (Million Units)
Table 3: Sri Lanka Two-Wheeler Tire Market Size, By Vehicle Type, By Volume, 2015-2021F (Thousand Units)
Table 4: Sri Lanka Three-Wheeler Fleet Size, 2010-2015 (Thousand Units)
Table 5: Partial List of Prominent Construction Projects in Sri Lanka, By Year of Completion
Table 6: Sri Lanka Medium & Heavy Commercial Vehicle (M&HCV) tire Market Size, By Vehicle Type, By Volume, 2015-2021F (Thousand Units)
Table 7: Sri Lanka Gross National Income (GNI) per Capita, 2010-2014 (USD)
Table 8: Sri Lanka Investment, By Construction Type, 2012
Table 9: Sri Lanka Tire Imports from China, By Select Vehicle Type, By Volume, 2013 & 2014 (Units)
Table 10: Sri Lanka Free Trade Agreements
Table 11: Sri Lanka Import Cess Proposal 2015 (For Tires Only)
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Free Webex Call

Speak directly to the analyst to clarify any post sales queries you may have.

10% Free customization

This report comes with 10% free customization, enabling you to add data that meets your specific business needs.

- Apollo Tyre Ltd.
- Bridgestone Corporation
- CEAT-Kelani International Tyres (Pvt.) Limited
- Cheng Shin Rubber Industry Co. Ltd.
- Faga Tyres Private Limited
- Global Rubber Industries, Pvt. Ltd.
- Goodyear Tire & Rubber Co.
- Kumho Tire Co.
- MRF Limited
- Samson Rubber Industries (Pvt) Ltd
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown
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