Iran Tire Market Predictions
Economy, Auto

Iran Tire Market Predictions

After the removal of sanctions on the Iranian economy, international tire companies may be able to take a chunk of the local market share, according to a new report from Britain.
The replacement Iranian tire segment accounted for around two-thirds of the market share in 2014. However, the expected increase in automobile production during the forecast period 2015-20 is expected to increase the share of domestic tire segment during the period, according to SCITECH.
Over the past few years, various international tire brands like Bridgestone, Continental and Michelin had restricted operations in the Islamic Republic due to the sanctions.
Consequently, over the course of last few years, the Iranian market was dominated by domestic tire companies like Barez Tire, Kavir Tire and Yazd Tire, which will now face international competition once again.
The immediate easing of sanctions is expected to trigger the reentry of leading international players into the country, which would reduce the market dominance of domestic tire manufacturers.


Short URL : http://goo.gl/XKq7VX
  1. http://goo.gl/K5XJtw
  • http://goo.gl/BeFD3Z
  • http://goo.gl/o6270U
  • http://goo.gl/Y2e1Oi
  • http://goo.gl/SUXKRH

You can also read ...

Flat Steel Import Slows on Currency Rate Issues
Flat steel import trade in Iran has been almost non-existent...
Alibaba Acquires Chipmaker C-SKY Microsystems
Chinese e-commerce firm Alibaba Group Holding Ltd has acquired...
Over 9.7 billion shares valued at $498.4 million were traded on TSE during last month.
Coming out of a relatively good year, Tehran stocks had a...
50 Female Pilots Apply to Join Iran Air
About 50 female pilots are to take part in Iran Air’s upcoming...
New Credit Card Scheme  to Support Local Products
Iran’s banking system is now preparing a new credit card...
Rail freight transportation stood at a record high of 46 million tons during March 2017-18.
Around 24.45 million passengers were transported by Iran’s...
Revised Rules for Private Bank Ownership Ratified
Lawmakers have revised regulations for the ownership of non-...
Iran’s Largest Holding Seeks Gov’t Help to Finance Delayed Projects
Iran’s largest holding, the financially troubled Social...