India Tire Industry to Reach USD 22,393.6 Million By 2017: Ken Research

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Future Growth Led by Increasing Adoption of Radial Tires.

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India Tire Industry to Reach USD 22,393.6 Million By 2017: Ken Research

  1. 1. 1© This is a licensed product of Ken Research and should not be copied
  2. 2. TABLE OF CONTENTS1. Asia Tire Industry Introduction1.1. Asia Tire Industry Market Size, 2008-20121.2. Asia Tire Industry Market Segmentation by Geography, 2008-20122. India Tire Industry Introduction2.1. India Tire Industry Market Size By Revenue, FY’2006-FY’20122.2. India Tire Exports By Quantity and Value, FY’2006-FY’20122.3. India Tire Imports By Value and Number of Units, FY’2006-FY’20122.4. India Tire Market Segmentation 2.4.1. By Type of Vehicles, FY’2006-FY’2012 2.4.2. By Replacement, OEM and Exports for Difffrent Vehicles, FY’2011 2.4.3. By Level of Radialisation For Passenger and Commercial Vehicles, FY’20122.5. Market Shares of Major Players in the India Tire Industry, FY’2010-FY’20122.6. India Tire Industry Trends and Developments Increasing Radialisation Increased Dumping Retreading Global Expansion Green Tires Backward Integration Tubeless Tires Air Maintenance Technology Venture into Rural Markets2.7. India Tire Industry Future Outlook and Projections, FY’2013-FY’2017 2.7.1. Cause and Effect Relationship Analysis Of The India Tire Industry2.8. Company Profiles 2 © This is a licensed product of Ken Research and should not be copied
  3. 3. 2.8.1. MRF 2.8.1.1. Business Overview 2.8.1.2. Financial Performance 2.8.1.3. Business Strategies Focus on Rubber Estate Acquisition Focus on research and Development Focus on Radial and Special Application Tire Development2.8.2. Apollo Tires 2.8.2.1. Business Overview 2.8.2.2. Financial Performance 2.8.2.3. Business Strategies Focus on Customer Empowerment Focus on Service and Delivery Expansion Strategy2.8.3. JK Tire 2.8.3.1. Business Overview 2.8.3.2. Financial Performance 2.8.3.3. Business Strategies Focus on OEM Relationships Focus on Customer service Focus on Technology Focus on Brand Promotion2.8.4. Kesoram Industries Limited 2.8.4.1. Business Overview 2.8.4.2. Financial Performance 2.8.4.3. Business Strategies 3 © This is a licensed product of Ken Research and should not be copied
  4. 4. Focus on Profitable Segments Focus on Passenger Radials and Export Market2.8.5. Ceat 2.8.5.1. Business Overview 2.8.5.2. Financial Performance 2.8.5.3. Business Strategies Focus on Specific Tire Segments Focus on OEM Relationships and Distribution Research & Development Strategy Expansion Strategy2.8.6. Goodyear 2.8.6.1. Business Overview 2.8.6.2. Financial Performance 2.8.6.3. Business Strategies research and Development Focus on Quality and Customer Satisfaction Alliance Strategy2.8.7. TVS Srichakra 2.8.7.1. Business Overview 2.8.7.2. Financial Performance 2.8.7.3. Business Strategies Focus on Brand Building research and Development Strategy Expansion Strategy2.8.8. Falcon 2.8.8.1. Business Overview 4 © This is a licensed product of Ken Research and should not be copied
  5. 5. 2.8.8.2. Financial Performance 2.8.8.3. Business Strategies Focus on Customers Expansion Strategy Focus and Tubeless Tires 2.8.9. Balakrishna Industries 2.8.9.1. Business Overview 2.8.9.2. Financial Performance 2.8.9.3. Business Strategies Focus on Expansion Focus on Off-the-road Radial Tires2.9. Macroeconomic Factors 2.9.1. Population in India, FY’2006-FY’2017 2.9.2. Personal Disposable Income In India, FY’2006-FY’2017 2.9.3. Passenger Car and Commercial Vehicle Production in India, FY’2006-FY’2017 2.9.4. Natural Rubber Production in India, FY’2006-FY’20173. Appendix3.1. Market Definitions3.2. Abbreviations3.3. Research Methodology Data Collection Methods Approach Variables (Dependent and Independent) Final Conclusion3.4. Disclaimer 5 © This is a licensed product of Ken Research and should not be copied
  6. 6. LIST OF FIGURESFigure 1: Asia Tire Industry Market Size on the Basis of Revenue in USD Million, 2008-2012Figure 2: Asia Tire Market Segmentation on the Basis of Revenues from Different Countries inUSD Million in Percentage, 2008-2012Figure 3: India Tire Industry Market Size on the Basis of Revenue in USD Million andProduction in Million Units, FY’2006-FY’2012Figure 4: India Tire Exports on the Basis of Units in Million and Value in USD Million,FY’2006-FY’2012Figure 5: India Tire Imports on the Basis of Units in Million and Value in USD Million,FY’2006-FY’2012Figure 6: India Tire Market Segmentation on the Basis of Production of Tires for DifferentVehicles in Million Units in Percentage, FY’2006-FY’2012Figure 7: India Tire Market Segmentation on the Basis of Tires Sales in Different Types ofVehicles in Percentage, FY’2011Figure 8: India Tire Market Segmentation on the Basis of Level of Radialisation, FY’2012Figure 9: India Tire Industry Future Projections on the Basis of Revenue in USD Million,FY’2013-FY’2017Figure 10: MRF’s Revenues from Tire Sales in India in USD Million, FY’2010-FY’2012Figure 11: Apollo’s Revenues from Tire Sales in India in USD Million, FY’2006-FY’2012Figure 12: JK Tire’s Revenues from Tire Sales in India in USD Million, FY’2010-FY’2012Figure 13: Kesoram’s Revenues from Tire Sales in India in USD Million, FY’2010-FY’2012Figure 14: Ceat’s Revenues from Tire Sales in India, FY’2010-FY’2012Figure 15: Goodyear’s Revenues from Tire Sales in India, FY’2010-FY’2012Figure 16: TVS Srichakra’s Revenues from Tire Sales in India in USD Million, FY’2008-FY’2012Figure 17: Falcon’s Revenues from Tire Sales in India in USD Million, FY’2010-FY’2012Figure 18: Balakrishna Industries’ Revenues from Tire Sales in India, FY’2010-FY’2012Figure 19: Population in India in Million, FY’2006-FY’2017Figure 20: Personal Disposable Income in India in USD Billion, FY’2006-FY’2017 6 © This is a licensed product of Ken Research and should not be copied
  7. 7. Figure 21: Passenger Car and Commercial Vehicle Production in India in Units in Million,FY’2006-FY’2017Figure 22: Natural Rubber Production in India in Thousand Tons, FY’2006-FY’2017 7 © This is a licensed product of Ken Research and should not be copied
  8. 8. LIST OF TABLESTable 1: India Tire Exports by Vehicles in Million Units, FY’2006-FY’2012Table 2: India’s Top 10 Tire Export Destinations on the Basis of Revenue in USD Million,FY’2012Table 3: Major Countries for India’s Tire Imports on the Basis of Value in USD Million,FY’2012Table 4: India Tire Market Segmentation on the Basis of Production of Tires for DifferentVehicles in Million Units, FY’2006-FY’2012Table 5: Market Shares of Major Players in the India Tire Industry on the Basis of Revenues inUSD Million in Percentage, FY’2010-FY’2012Table 6: Revenues of Major Players in the India Tire Industry in USD Million, FY’2010-FY’2012Table 7: Cause and Effect Relationship Analysis between Industry Factors and Expected TireIndustry Market Prospects in ChinaTable 8: Major Tire Brands Offered by MRF in Various OEM CategoriesTable 9: Major Brands Offered by Apollo for Different Vehicle CategoriesTable 10: Major Tire Brands offered by JK Tire by Different OEMsTable 11: Major Tire Brands offered by Ceat by Different Vehicle CategoriesTable 12: Major Tire Brands offered by Goodyear by Different Vehicle CategoriesTable 13: Correlation Matrix of the India Tire IndustryTable 14: Regression Coefficients Output 8 © This is a licensed product of Ken Research and should not be copied
  9. 9. INDIA TIRE INDUSTRY MARKET SIZE BY REVENUE, FY’2006-FY’2012The tire industry in India registered revenues of USD ~ million in FY’2012, growing by 10.7%from FY’2011. The financial year 2012 was principally difficult on account of the retardedindustrial activity, elevated capital outflow, augmented inflation and recessionary trends inEurope. Poor economic growth, increasing ……the revenues from tire sales in India have grown at a CAGR of 24.1% to USD ~ million inFY’2012.Figure: India Tire Industry Market Size on the Basis of Revenue in USD Million andProduction in Million Units, FY’2006-FY’2012 10,000.0 140.0 9,000.0 120.0 8,000.0 7,000.0 100.0USD Million Million Units 6,000.0 80.0 5,000.0 60.0 4,000.0 3,000.0 40.0 2,000.0 20.0 1,000.0 0.0 0.0 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 USD Million Million Units 9 © This is a licensed product of Ken Research and should not be copied
  10. 10. INDIA TIRE MARKET SEGMENTATIONBY TYPE OF VEHICLES, FY’2006-FY’2012The production of tires for motorcycles dominated the total tire production in India in FY’2012,with a share of ~%. The motorcycle segment has been comparatively less impacted by increasinginterest rates, owing to its narrow dependence on organized financing. Additionally, highermileage and cities with extended infrastructure continue to favor motorcycle production,consequently…been facing mounting challenges from considerably cheaper Chinese products. The percentagecontribution of truck and bus tires has declined from 18.1% in FY’2006 to 12.2% in FY’2012.Figure: India Tire Market Segmentation on the Basis of Production of Tires for DifferentVehicles in Million Units in Percentage, FY’2006-FY’2012 100.0% 90.0% 80.0% 70.0% 60.0% Percentage (%) 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 Motor Cycle Passenger Car Scooter / Moped Truck & Bus Light Commercial Vehicle Tractors Others 10 © This is a licensed product of Ken Research and should not be copied
  11. 11. Table: India Tire Market Segmentation on the Basis of Production of Tires for DifferentVehicles in Million Units, FY’2006-FY’2012Category FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012Motor CyclePassenger CarTruck & BusScooter / MopedLight CommercialVehicleTractorsOthersTotalMARKET SHARES OF MAJOR PLAYERS IN THE INDIA TIREINDUSTRY, FY’2010-FY’2012India tire industry comprised of more than 40 tire manufacturers, with the top 10 tiremanufacturers accounting for ~% of the total revenues in FY’2012. MRF was the market leaderin the tire industry in India with a ~% market share in fiscal 2012. MRF has maintained itsdominance in the…Table: Market Shares of Major Players in the India Tire Industry on the Basis of Revenuesin USD Million in Percentage, FY’2010-FY’2012Company FY2010 FY2011 FY2012MRFApolloJK TireKesoram Industries LimitedCeatGoodyear 11 © This is a licensed product of Ken Research and should not be copied
  12. 12. TVS SrichakraFalcon TiresBalakrishna IndustriesOthersTable: Revenues of Major Players in the India Tire Industry in USD Million, FY’2010-FY’2012Company FY2010 FY2011 FY2012MRFApolloJK TiresKesoram Industries LimitedCeatGoodyearTVS SrichakraFalcon TiresBalakrishna IndustriesTotal 12 © This is a licensed product of Ken Research and should not be copied
  13. 13. CAUSE AND EFFECT RELATIONSHIP ANALYSIS OF THE INDIA TIREINDUSTRYTable: Cause and Effect Relationship Analysis between Industry Factors and ExpectedTire Industry Market Prospects in ChinaIndustry Factors Market Comments Impact  Positive;  Negative;  Positive;  Positive; Positive;  Negative;  Negative: 13 © This is a licensed product of Ken Research and should not be copied
  14. 14. DISCLAIMERThe research reports provided by Ken Research are for the personal information of theauthorized recipient and is not for public distribution and should not be reproduced orredistributed without prior permission. You are permitted to print or download extracts from thismaterial for your personal use only. None of this material may be used for any commercial orpublic use.The information provided in the research documents is from publicly available data and othersources, which are reliable. Efforts are made to try and ensure accuracy of data. With respect todocuments available, neither the company nor any of its employees makes any warranty, expressor implied, including the warranties of merchantability and fitness for a particular purpose, orassumes any legal liability or responsibility for the accuracy, completeness, or usefulness of anyinformation, apparatus, product, or process disclosed, or represents that its use will not infringeprivately owned rights.The report also includes analysis and views expressed by our research team. The research reportsare purely for information purposes. The opinions expressed are our current opinions as of thedate appearing in the material and may be subject to change from time to time without notice.Investors should not solely rely on the information contained in the research documents and mustmake investment decisions based on their own investment objectives, risk profile and financialposition. The recipients of this material should take their own professional advice before actingon this information.Ken Research will not accept returns of reports once dispatched due to the confidentiality ofinformation provided in our reports. In case, a report qualifies for return, we will issue a credit,minus shipping charges, of equal value to the original purchase price, toward a future purchase—no refunds. The decision about whether the product return can be accepted or not is solely at ourdiscretion. Any dispute will be subject to the laws of India and exclusive jurisdiction of IndianCourts.No part of this manual or any material appearing may be reproduced, stored in or transmittedon any other Web site without written permission of Ken Research and any payments of aspecified fee. Requests to republish any material may be sent to us. 14 © This is a licensed product of Ken Research and should not be copied

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