Market Overview

Croatia Tire Market Forecast and Opportunities, 2021 - Research and Markets

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DUBLIN--(BUSINESS WIRE)--

Research and Markets has announced the addition of the "Croatia Tire Market Forecast and Opportunities, 2011-2021" report to their offering.

In the midst of economic slowdown in majority of the European countries, the government of the Republic of Croatia has been actively making efforts to revive trade. Tire market in Croatia exhibited a slight decline in sales during 2011-2015, predominantly on account the country's SME sector witnessed a slowdown, which consequently impacted the sales of commercial vehicle tires in the country.

Croatia Tire Market Forecast & Opportunities, 2011-2021, the country's tire market is projected to grow at a CAGR of more than 7% during 2016-2021. Expanding vehicle fleet coupled with rapid infrastructure development and increasing urbanization are expected to augment tire demand in the country through 2021.

In 2015, passenger car tire segment was the most dominant segment in the country's tire market, followed by the light commercial vehicle tire segment and medium & two wheeler tire segment. Goodyear, Bridgestone and Michelin are the largest tire players operating in the country, with their combined market share standing at over 65%, in volume terms, in 2015. Moreover, on the back of high consumer confidence and vast dealership network, these three players are expected to maintain their dominance during the forecast period as well.

Croatia Tire Market Forecast and Opportunities, 2011-2021 report elaborates following aspects of tire market:

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

Market Trends & Developments

  • Recovering Passenger Car & Commercial Vehicle Sales
  • Declining Passenger Car and Commercial Vehicle Tire Import
  • Rising Online Tire Sales
  • Increasing Sales of Winter Tires
  • Growth in Domestic Retread Tire Market

Companies Mentioned

  • Bridgestone Austria GmbH
  • Compagnie Générale des Établissements Michelin (CGEM)
  • Continental Aktiengesellschaft
  • Cooper Tire & Rubber Company
  • Goodyear Dunlop Sava Tires d.o.o
  • Hankook Tire Co. Ltd.
  • Nokian Tyres PLC
  • Pirelli & C. S.p.A.
  • Toyo Tire & Rubber Company
  • Yokohama (Austria) GmbH

For more information visit http://www.researchandmarkets.com/research/f8f88s/croatia_tire

Research and Markets
Laura Wood, Senior Manager
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Sector: Automotive Tires

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