DUBLIN—Research and Markets has announced the addition of the "Iran Tire Market Forecast and Opportunities, 2021" report to their offering.

The tire market in Iran is anticipated to grow at a CAGR of over 12% during 2016-2021. The vehicle fleet of the country is dominated by passenger car, followed by two wheeler.

Iran is among the world's largest oil and gas producers, and in terms of automobile production, one of the largest markets in the Middle East region. After Iran refused to suspend its uranium enrichment program, the UN Security Council and P5+1 nations (China, France, Russia, the United Kingdom, and the United States; plus Germany) imposed various sanctions on the country. Over the years, sanctions have taken a serious toll on Iran's economy and industries, including tire. As a result, the tire market of the country witnessed a decline during 2011-2015.

However, in July 2015, Iran signed a Joint Comprehensive Plan of Action (JCPOA) with P5+1 nations. Under this deal, Iran is instructed to cut down its nuclear enrichment activities, and in return, western powers will ease the sanctions imposed on the country. The move resulted in more than 475 project tenders being launched in 2014. Moreover, infrastructure projects worth more than $200 billion are in pipeline. All these factors are expected to drive the demand for tires in the country over the next five years.

Companies Mentioned:

  • Artawheel Tire Co.
  • Barez Industrial Group
  • Cheng-Shin Rubber Ind. Co. Ltd. (Maxxis Tyres)
  • Falken Tire Corporation
  • Hankook Tire
  • Iran Tire Manufacturing Co.
  • Kumho Tire Co. Inc.
  • Nexen Tire Co., Ltd.
  • Pars Tire Co.
  • Yazd Rubber Industries Complex (YRIC)

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Analyst View

4. Iran Tire Production Overview

5. Iran Tire Market Outlook

6. Iran Passenger Car Tire Market Outlook

7. Iran Off-The-Road (OTR) Tire Market Outlook

8. Iran Medium and Heavy Commercial Vehicle (M&HCV) Tire Market Outlook

9. Iran Light Commercial Vehicle Tire Market Outlook

10. Iran Two-Wheeler (2W) Tire Market Outlook

11. Import-Export Analysis

12. Market Dynamics

13. Market Trends & Developments

14. Policy & Regulatory Landscape

15. Iran Economic Profile

16. Competitive Landscape

For more information visit http://www.researchandmarkets.com/research/mdrwql/iran_tire_market

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Sector: Automotive Tires