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Bangladesh Tyre Market Forecast and Opportunities, 2020

  • March 2015
  • -
  • TechSci Research
  • -
  • 102 pages

Over the past few years, Bangladesh has been emerging as another developing country in South East Asia, offering considerable growth opportunities across diverse industry segments including automotive. Several foreign investors are even eyeing Bangladesh as the next important destination over the coming years. Currently, tyre industry in Bangladesh is largely dependent on imports from other countries like India, China, Japan and Indonesia due to scarcity of raw material (natural rubber), lack of indigenous tyre production units as well as skilled labor, and prolonged political instability. However, the scenario is expected to witness a paradigm shift in the coming years as several global leading tyre companies intend to set up their manufacturing plants in the country. Ceat, for instance, has recently established its tyre manufacturing plant in Bangladesh. Besides tyre companies, many automotive players have also voiced intention to commence manufacturing operations in Bangladesh, which in turn would drive investments in tyre market as well.

According to “Bangladesh Tyre Market Forecast & Opportunities, 2020”, Bangladesh tyre market is projected to grow at around 9% CAGR until 2020 on account of rising automobile sales, increasing investments by foreign players, and government support in the form of reduction in import duties. Segment wise, two wheeler tyres dominate the market as the country’s two wheeler fleet exceeds other vehicle fleets by a significant margin. On account of largest population as well as vehicle fleet, Dhaka remains the leading geography witnessing tyre sales across Bangladesh. Despite rising automobile sales, replacement segment continues to dominate the market, holding significant majority share in tyre sales in the country. Major companies like MRF, Dunlop, CEAT, and Goodyear have been selling their tyres in the country through their exclusive distributors. “Bangladesh Tyre Market Forecast and Opportunities, 2020” discusses the following aspects related to tyre market in Bangladesh:

- Bangladesh Tyre Market Size, Share & Forecast
- Segmental Analysis – Passenger Car Tyre, Commercial Vehicle Tyre, Two Wheeler Tyre, Three Wheeler Tyre & OTR Tyre
- Policy and Regulatory Landscape
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations

Why You Should Buy This Report?

- To gain an in-depth understanding of tyre market in Bangladesh
- To identify the on-going trends and anticipated growth in the coming years
- To help industry consultants, tyre manufacturing companies and other stakeholders 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
- To avail 10% customization in the report without any extra charges and get the 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 sources. Primary research included interviews with tyre distributors and retailers. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

Table Of Contents

Bangladesh Tyre Market Forecast and Opportunities, 2020
1. Research Methodology
2. Analyst View
3. Tyre : Product Overview
4. Bangladesh Tyre Market Outlook
4.1. Market Size and Forecast
4.1.1. By Value
4.1.2. By Volume
4.2. Market Share and Forecast
4.2.1. By Vehicle Type (Passenger Car, Commercial Vehicle, Two-Wheeler, Three-Wheeler, OTR Vehicle)
4.2.2. By Company
4.2.3. By Region
5. Bangladesh Passenger Car Tyre Market Outlook
5.1. Market Size and Forecast
5.1.1. By Value
5.1.2. By Volume
6. Bangladesh Commercial Vehicle Tyre Market Outlook
6.1. Market Size and Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share and Forecast
6.2.1. By Vehicle Type
7. Bangladesh Two-Wheeler Tyre Market Outlook
7.1. Market Size and Forecast
7.1.1. By Value
7.1.2. By Volume
8. Bangladesh Three-Wheeler Tyre Market Outlook
8.1. Market Size and Forecast
8.1.1. By Value
8.1.2. By Volume
9. Bangladesh OTR Tyre Market Outlook
9.1. Market Size and Forecast
9.1.1. By Value
9.1.2. By Volume
10. Bangladesh Tyre Market Trade Analysis - Import Scenario
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Policy and Regulatory Landscape
13. Market Trends and Developments
13.1. Growth in Automotive Market
13.2. Anticipated Investments by Foreign Players in Domestic Market
13.3. Expansion in Distribution Channel
13.4. Entry of New Local Players in Domestic Market
13.5. Import Driven Market
14. Bangladesh Economic Profile
15. Competitive Landscape
15.1. CEAT Bangladesh Limited
15.2. Bridgestone Corporation
15.3. MRF Limited
15.4. Rahimafrooz Bangladesh Ltd.
15.5. Gazi Group
15.6. Yokohama Rubber Company
15.7. Birla Tyres
15.8. Apollo Tyres
15.9. JK Tyres
16. Strategic Recommendations

List of Figures

Figure 1:Bangladesh Tyre Market Size, By Value, 2010-2014 (USD Million)
Figure 2:Bangladesh Tyre Market Size, By Value, 2015E - 2020F (USD Million)
Figure 3:Bangladesh Tyre Market Size, By Volume, 2010 - 2014 (‘000 Units)
Figure 4:Bangladesh Tyre Market Size, By Volume, 2015E - 2020F (‘000 Units)
Figure 5:Bangladesh Tyre Market Share, By Vehicle Type, By Volume, 2014
Figure 6:Bangladesh Tyre Market Share, By Vehicle Type, By Volume, 2020F
Figure 7:Bangladesh Tyre Market Share, By Company, By Volume, 2014
Figure 8:Bangladesh Tyre Market Share, By Company, By Volume, 2020F
Figure 9:Bangladesh Tyre Market Share, By Region, By Volume, 2014
Figure 10:Bangladesh Tyre Market Share, By Region, By Volume, 2020F
Figure 11:Bangladesh Passenger Car Tyre Market Size, By Value, 2010 - 2014 (USD Million)
Figure 12:Bangladesh Passenger Car Tyre Market Size, By Value, 2015E - 2020F (USD Million)
Figure 13:Bangladesh Passenger Car Tyre Market Size, By Volume, 2010-2014 (‘000 Units)
Figure 14:Bangladesh Passenger Car Tyre Market Size, By Volume, 2015E - 2020F (‘000 Units)
Figure 15:Bangladesh Commercial Vehicle Tyre Market Size, By Value, 2010 - 2014 (USD Million)
Figure 16:Bangladesh Commercial Vehicle Tyre Market Size, By Value, 2015E-2020F (USD Million)
Figure 17:Bangladesh Commercial Vehicle Tyre Market Size, By Volume, 2010 - 2014 (Million Units)
Figure 18:Bangladesh Commercial Vehicle Tyre Market Size, By Volume, 2015E - 2020F (Million Units)
Figure 19:Bangladesh Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2014
Figure 20: Bangladesh Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2020F
Figure 21:Bangladesh Two-Wheeler Tyre Market Size, By Value, 2010 - 2014 (USD Million)
Figure 22:Bangladesh Two-Wheeler Tyre Market Size, By Value, 2015E - 2020F (USD Million)
Figure 23:Bangladesh Two-Wheeler Tyre Market Size, By Volume, 2010 - 2014 (‘000 Units)
Figure 24:Bangladesh Two-Wheeler Tyre Market Size, By Volume, 2015E - 2020F (‘000 Units)
Figure 25:Bangladesh Three-Wheeler Tyre Market Size, By Value, 2010 - 2020F (USD Million)
Figure 26:Bangladesh Three-Wheeler Tyre Market Size, By Volume, 2010 - 2020F (Million Units)
Figure 27:Bangladesh OTR Tyre Market Size, By Value, 2010 - 2020F (USD Million)
Figure 28:Bangladesh OTR Tyre Market Size, By Volume, 2010 - 2020F (Million Units)
Figure 29:Bangladesh Tyre Import, By Value, 2010 - 2014 (USD Millions)
Figure 30:Bangladesh Tyre Import Share, By Country, By Value, 2014
Figure 31:Bangladesh Automotive Sales, By Volume, 2010-14 (‘000 Units)
Figure 32:Bridgestone Corporation Sales Share, By Region, 2013
Figure 33:Bridgestone Corporation Financial Details for Fiscal Year 2013 (USD Million)

List of Tables

Table 1:Bangladesh Import and Export Duty Tariff levied on Tyres
Table 2:Bangladesh Import and Export Duty Tariff on Different Vehicle Segments
Table 3:Bridgestone Corporation Tyre Plants in Americas
Table 4:Bridgestone Corporation Tyre Plants in Europe
Table 5:Bridgestone Corporation Tyre Plants in Middle East/Africa/Russia
Table 6:Bridgestone Corporation Tyre Plants in Asia/Oceania
Table 7:Bridgestone Corporation Tyre Plants in Japan
Table 8:MRF Limited Financial Details for Fiscal Year 2012-2013 (USD Million)
Table 9:Gazi Tyres Dealers Details
Table 10:Gazi Group Strategic Business Units and their Details

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