Colombia Tire Market Forecast & Opportunities, 2022

  • ID: 4084962
  • Report
  • Region: Colombia
  • 100 pages
  • TechSci Research
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Colombia Tire Market is Anticipated to Cross $1.5 Billion by 2022

FEATURED COMPANIES

  • Giti Tire Pte. Ltd.
  • Goodyear de Colombia SA
  • Pirelli de Colombia SAS
  • Triangle Tyre Co. Ltd.
  • MORE
Expanding production of passenger cars and continuously expanding automobile fleet are some of the major factors aiding Colombia tire market. Moreover, increasing population, which stood at 48.22 million in 2015, coupled with growing urbanization, which was 76.4% of total population in 2015, is boosting the demand for automobiles in the country, consequently positively influencing the country’s tire market.

Furthermore, rapidly expanding middle class population in Colombia is pushing the demand for automobiles, which, in turn, is generating huge demand for tires. Moreover, expanding fleet coupled with increasing investments in agriculture sector by public as well as private entities are also boosting the demand for tires in the country. Growing per capita income, expanding automotive fleet and launch of new vehicle models are some of the other major factors driving Colombia automotive industry, consequently propelling the demand for tire in the country.

According to “Colombia Tire Market Forecast & Opportunities, 2022”, the tire market in Colombia is anticipated to cross $1.5 Billion by 2022. In terms of vehicle type, the tire market in Colombia has been segmented into Passenger Car (PC), Two-Wheeler (2W), Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV), and Off-The-Road (OTR).

Among these categories, passenger car segment dominated the country’s tire market in 2016, followed by 2W and LCV segments. Colombia tire market is catered by OEM as well as replacement industries. However, more than 95% of tires sold in Colombia are in replacement demand category. Region-wise, central region dominated the country’s tire market in 2016.

“Colombia Tire Market Forecast & Opportunities, 2022” discusses the following aspects of Colombia tire market:
  • Colombia Tire Market Size, Share & Forecast
  • Segmental Analysis - By Vehicle Type (Passenger Car (PC), Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV), Two-Wheeler (2W) & Three-Wheeler (3W) and Off-The-Road (OTR), By Demand Category (OEM Vs. Replacement), By Radial Vs. Bias, By Region
  • Policy & Regulatory Landscape
  • Changing Market Trends & Emerging Opportunities
  • Competitive Landscape & Strategic Recommendations
Why You Should Buy This Report?
  • To gain an in-depth understanding of Colombia tire market
  • To identify the on-going trends and anticipated growth in the next five years
  • To help industry consultants, tire companies and other stakeholders to align their market-centric strategies
  • To obtain research based business decisions and add weight to presentations and marketing material
  • To gain competitive knowledge of leading market players
  • To avail of 10% customization in the report without any extra charges and get research data or trends added in the report as per the buyer’s specific needs
Report Methodology

The information contained in this report is based on both primary and secondary research. Primary research included interviews with tire companies, distributors 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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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Giti Tire Pte. Ltd.
  • Goodyear de Colombia SA
  • Pirelli de Colombia SAS
  • Triangle Tyre Co. Ltd.
  • MORE
1. Product Overview

2. Research Methodology

3. Analyst View

4. Colombia Tire Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Share & Forecast
4.2.1. By Vehicle Type (Passenger Car (PC), Two-Wheeler (2W), Light Commercial Vehicle (LCV), Off-the-Road (OTR) & Medium & Heavy Commercial Vehicle (M&HCV)
4.2.2. By Company
4.2.3. By Region
4.2.4. By Radial Vs. Bias
4.2.5. By Demand Category (OEM Vs. Replacement)
4.3. Colombia Tire Market Attractiveness Index (By Region)
4.4. Colombia Tire Market Attractiveness Index (By Vehicle Type)
4.5. Prominent Tire Sizes

5. Colombia Passenger Car (PC) 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
5.2.2. By Demand Category (OEM Vs. Replacement)
5.2.3. By Radial Vs. Bias

6. Colombia Two-Wheeler (2W) Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type
6.2.2. By Radial Vs. Bias

7. Colombia Light Commercial Vehicle (LCV) Tire Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type
7.2.2. By Demand Category (OEM Vs. Replacement)
7.2.3. By Radial Vs. Bias

8. Colombia Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type
8.2.2. By Radial Vs. Bias

9. Colombia Off-the-Road (OTR) 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
9.2.2. By Radial Vs. Bias

10. Market Dynamics
10.1. Drivers
10.2. Challenges

11. Market Trends & Developments
11.1. Growing Tire Radialization
11.2. Dominance of Passenger Car Segment
11.3. Growing Penetration of Chinese Tires
11.4. Recovering Domestic Tire Production
11.5. Declining Tire Exports

12. Import-Export Analysis

13. Policy & Regulatory Landscape

14. Colombia Economic Profile

15. Competitive Landscape
15.1. Goodyear de Colombia SA
15.2. Industria Colombiana de Llantas S.A.
15.3. Hankook Tire Colombia Ltda.
15.4. Toyo Tire & Rubber Company
15.5. Bridgestone De Colombia, S.A.S (Bsco)
15.6. Continental Tire Colombia S.A.S
15.7. Pirelli de Colombia SAS
15.8. Giti Tire Pte. Ltd.
15.9. Triangle Tyre Co. Ltd.
15.10. Hangzhou Zhongce Rubber CO.,LTD.

16. Strategic Recommendations

List of Figures

Figure 1: Colombia Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2012-2022F
Figure 2: Prominent Drivers in Colombia Tire Market, 2012-
Figure 3: Colombia Tire Market Share, By Vehicle Type, By Volume, 2012-2022F
Figure 4: Colombia Tire Market Share, By Company, By Volume, 2016-2022F
Figure 5: Colombia Tire Market Share, By Region, By Volume, 2016 & 2022F
Figure 6: Colombia Tire Market Share, By Region, By Volume, 2016-2022F
Figure 7: Colombia Tire Market Share, By Radial Vs. Bias, By Volume, 2016-2022F
Figure 8: Colombia Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2012-2022F
Figure 9: Colombia Tire Market Attractiveness Index, By Region, By Volume, 2017E-2022F
Figure 10: Colombia Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2017E-2022F
Figure 11: Colombia Passenger Car Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2012-2022F
Figure 12: Prominent Drivers in Colombia Passenger Car Tire Market, 2012-
Figure 13: Prominent Drivers in Colombia Passenger Car Tire Market, 2017E-2022F
Figure 14: Colombia Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2012-2022F
Figure 15: Colombia Passenger Car Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2012-2022F
Figure 16: Colombia Passenger Car Tire Market Share, By Radial Vs. Bias, By Volume, 2016-2022F
Figure 17: Colombia Two-Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2012-2022F
Figure 18: Prominent Drivers in Colombia Two-Wheeler Tire Market, 2017E-2022F
Figure 19: Colombia Two-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2012-2022F
Figure 20: Colombia Two-Wheeler Tire Market Share, By Radial Vs. Bias, By Volume, 2016-2022F
Figure 21: Colombia Light Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2012-2022F
Figure 22: Prominent Drivers in Colombia Light Commercial Vehicle Tire Market, 2017E-2022F
Figure 23: Colombia Light Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2012-2022F
Figure 24: Colombia Light Commercial Vehicle Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2012-2022F
Figure 25: Colombia Light Commercial Vehicle Tire Market Share, By Radial Vs. Bias, By Volume, 2016-2022F
Figure 26: Colombia Medium & Heavy Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2012-2022F
Figure 27: Prominent Drivers in Colombia Medium & Heavy Commercial Vehicle Tire Market, 2017E-2022F
Figure 28: Colombia Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2012-2022F
Figure 29: Colombia Medium & Heavy Commercial Vehicle Tire Market Share, By Radial Vs. Bias, By Volume, 2016-2022F
Figure 30: Colombia Off-the-Road Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2012-2022F
Figure 31: Prominent Drivers in Colombia Off-the-Road Tire Market, 2017E-2022F
Figure 32: Colombia Off-the-Road Tire Market Share, By Vehicle Type, By Volume, 2012-2022F
Figure 33: Colombia Off-the-Road Tire Market Share, By Radial Vs. Bias, By Volume, 2016-2022F

List of Tables


Table 1: Colombia Tire Market Share, By Vehicle Type, By Volume, 2012-2016 & 2022F (Million Unit)
Table 2: Colombia Tire Sales of Top 3 Companies, By Volume, 2016-2022F (Million Unit)
Table 3: Colombia Passenger Car Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Million Unit)
Table 4: Colombia Two-Wheeler Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Million Unit)
Table 5: Colombia Light Commercial Vehicle Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Million Unit)
Table 6: Colombia Medium & Heavy Commercial Vehicle Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Million Unit)
Table 7: Colombia Off-the-Road Tire Market Size, By Vehicle Type, By Volume, 2012-2016 & 2022F (Million Unit)
Table 8: Global Crude Oil Price, By Month, 2015 (USD/Barrel)
Table 9: Colombia Tire Imports, By Vehicle Type, By Value, 2011-2015 (USD Million)
Table 10: Colombia Tire Exports, By Vehicle Type, By Value, 2011-2015 (USD Million)
Table 11: Colombia Custom Duties on Tires Imports, As of
Note: Product cover images may vary from those shown
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  • Bridgestone De Colombia, S.A.S (Bsco)
  • Continental Tire Colombia S.A.S
  • Giti Tire Pte. Ltd.
  • Goodyear de Colombia SA
  • Hangzhou Zhongce Rubber CO.,LTD.
  • Hankook Tire Colombia Ltda.
  • Industria Colombiana de Llantas S.A.
  • Pirelli de Colombia SAS
  • Toyo Tire & Rubber Company
  • Triangle Tyre Co. Ltd.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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