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M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
Israel Tyre Market Forecast & Opportunities, 2020
© TechSci Research
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P r o d u c t O v e r v i e w
Product Definition
Global tyre supplier Michelin defines tyre as, “A precisely engineered assembly of rubber,chemicals, fabric, and metal, designed to provide traction, cushion road shock andcarry a load under varying conditions.”
Classification According to Vehicle Type
Vehicle Segment Sub-Segment Customer Segment
Passenger Car
Sedan
IndividualsSUV
Hatchback
Light Commercial Vehicle
Vans
Transportation & Logistics, Small Medium Enterprises (SMEs)
Pick Ups
Minibuses
Medium & Heavy Commercial Vehicle
3.6T-12.0T
Transport Companies, Logistics & Cargo
12.1T-15.9T
>16.0T
OTR (Off-the-Road) Vehicle
Mining
Farming, Mining & Quarrying Companies
Construction
Excavation
Two-Wheelers
< 125cc
Individuals126cc - 400cc
> 401cc
© TechSci Research
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T a b l e o f C o n t e n t s
S. No. Contents
1. Research Methodology
2. Analyst View
3. Product Overview
4. Israel Tyre Manufacturing Production Capacity
5. Israel Tyre Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type
5.2.2. By Company
5.2.3. By Region
6. Israel Passenger Car (PC) Tyre Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type
7. Israel Off-The-Road (OTR) Tyre Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type
8. Israel Light Commercial Vehicle (LCV) Tyre Market Outlook
8.1. Market Size & Forecast
© TechSci Research
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T a b l e o f C o n t e n t s
S. No. Contents
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type
9. Israel Medium & Heavy Commercial Vehicle (M&HCV) Tyre Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type
10. Israel Two-Wheeler Tyre Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Vehicle Type
11. Import-Export Analysis
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
13.1. Increasing Penetration of Chinese Tyres
13.2. Growing Retread Tyre Market
13.3. Rising Automotive Sales
13.4. Increasing Online Tyre Sales
13.5. Growing Value of Imported Tyres
© TechSci Research
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T a b l e o f C o n t e n t s
S. No. Contents
14. Policy & Regulatory Landscape
15. Israel Economic Profile
16. Competitive Landscape
16.1. Michelin SCA
16.2. Bridgestone Corporation
16.3. Hankook Tire Co. Ltd.
16.4. Toyo Tire & Rubber Co., Ltd.
16.5. Sumitomo Rubber Industries Ltd.
16.6. Giti Tire Pte. Ltd.
16.7. Goodyear Tire & Rubber Company
16.8. Alliance Tire Company Ltd.
16.9. Shandong Hengfeng Rubber & Plastic Co., Ltd.
16.10. Pirelli & C. S.p.A.
17. Strategic Recommendations
18. About Us & Disclaimer
R e s e a r c h M e t h o d o l o g y
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© TechSci Research
Baseline Methodology:
For the study, TechSci Research has gathered information through primary research surveys with leadingtyre suppliers based in Italy, and subsequently, verified information from major distributors ofautomobile tyres in the country. We also put through an exhaustive search of credible paid databasessuch as Business Week, Factiva, Hoovers, etc., including our internal database. Our team of analysts hasthen prudently evaluated all the collected information and presented the same in chronological order todepict a meaningful and clear picture of the tyre market in Israel.
While compiling the data, we have also cross checked all the collected information from multiple sourcesand data warehouses, so as to present the most accurate and precise information of the concernedindustry. We use innovative business model that focuses on improving productivity, which ensuringcreation of high-quality reports. The reports are prepared with in-depth primary research, followed byexhaustive secondary research.
Primary Research - Companies Interviewed
S. No. Company Name
1. Michelin SCA
2. Bridgestone Corporation
3. Sumitomo Rubber Industries Ltd.
4. Hankook Tire Co., Ltd.
5. Goodyear Tire & Rubber Company
Few of Sources of Secondary Research
S. No. Secondary Source
1. Central Bureau of Statistics (CBS)
2. Israel Tax Authority
3.International Organization of Motor
Vehicle Manufacturers (OICA)
4. UN Comtrade
5. World Bank
R e s e a r c h M e t h o d o l o g y
© TechSci Research
For the preparation of Israel tyre report, bottom up model has been used, which has been later on crossvalidated by using top down approach.
Tyre Production
TechSci Research has mapped production capacities of all the tyre manufacturing unit based in Israel.With the help of a series of primary research surveys of all the major tyre manufacturers distributing inIsrael, followed by cross validation through secondary sources such as company annual reports andindustry associations. TechSci Research has been successful in identifying the production capacities ofeach tyre plant as well as their respective plant locations, establishment dates and type of tyresmanufactured.
Vehicle Sales & Fleet Size
The basic data points that are needed for the analysis of Israel tyre market are the historical, current andforecast figures for vehicle sales and fleet size. As the country does not produce vehicles, data for fleetsize has been extracted through various government sources and credible data portals. TechSci Researchhas maintained a database for vehicle sales and fleet size for each vehicle segment (passenger cars, lightcommercial vehicle, medium & heavy commercial vehicles, two-wheelers & off-the-road vehicles), which isregularly updated through various primary research surveys and secondary sources such as automotiveassociations & government publications.
Tyre Demand
OEM Tyre Sales
There is no OEM tyre demand, due to absence of any automobile manufacturing facility in Israel.
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R e s e a r c h M e t h o d o l o g y
© TechSci Research
Replacement Tyre Sales
Replacement tyre demand of a particular country is directly dependent on country’s vehicle fleet size andhistorical vehicle sales. The replacement demand is therefore extracted by multiplying the vehicle fleet withthe replacement tyre ratio, which is obtained by conducting a series of surveys with car owners tounderstand the frequency of tyre replacement as it varies for different countries depending upon factorssuch as road conditions, climate, economic and regulatory policies applicable in a country. The replacementratio is expressed as a percentage; and is considered to be 100% if one tyre is replaced per vehicle peryear.
Example for Passenger Car replacement tyre demand calculation:
The calculated replacement tyre demand data is further analyzed by TechSci Research through Delphitechnique i.e. multiple rounds of telephonic interviews were conducted with tyre companies/dealers inIsrael. The information thus gathered through primary interviews was cross-verified through industryexperts and secondary sources such as annual reports and paid databases to generate meaningful results.
Total Tyre Market
Tyre Trade (Import & Export)
TechSci Research has analyzed tyre imports and exports in Israel. The data has been gathered throughgovernment agencies and credible paid databases. The total tyre trade has been segmented in accordancewith below mentioned HS codes:
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Passenger Car Fleet
Size (Volume)X
Replacement Ratio
(in %)X
No. of
Tyres=
Replacement Tyre
Demand
1,00,000 X 10% X 4 = 40,000 Tyres
OEM Tyre Sales + Replacement Tyre Sales = Total Tyre Market
R e s e a r c h M e t h o d o l o g y
© TechSci Research
The import and export figures for each HS Code have been depicted in Value (USD Million) and Volume(Million Units).
Tyre Brands Mapping
TechSci Research has mapped all tyre brands that are being sold in Israel. TechSci Research has gatheredthis information through primary and secondary research. The brands that are being sold in Israel arefurther segmented into “domestically manufactured” and “domestically non-manufactured” categories.The objective behind brand mapping is to understand more about the competition such as market share,current targets, future strategy, etc.
Forecast
For forecasting the numbers, we have used Time Series Analysis along with Regression Analysis, followedby judgmental analysis as certain factors would always differ in Israel such as infrastructure condition,economic outlook, etc.
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HS Code Description Tyre Type
401110 Motor Cars Passenger Car Tyre
401120 Bus or Lorries Tyres Commercial Vehicle Tyre
401140 Motorcycle Tyre Two-Wheeler Tyre
401161 Tyre Having a "Herring Bone"
OTR Tyre
401162 Tyre Having a "Herring Bone"
401163 Tyre Having a "Herring Bone"
401169 Tyre Having a "Herring Bone"
401191 Tyre Having a "Herring Bone"
401192 Agriculture Tyre
401193 Construction/Industrial Tyre
401194 Construction/Industrial Tyre
401199 Others Other Tyres
© TechSci Research
I n d u s t r y B r i e f
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Israel Tyre Market to Cross US$ 589 Million by 2020
Growing vehicle fleet coupled with rising passenger car sales to drive tyre demand in Israel through 2020
According to TechSci Research report, “Israel Tyre Market Forecast and Opportunities, 2020”, tyremarket in Israel is projected to surpass US$ 589 million by 2020. Growth in the market is anticipated onaccount of increasing passenger car sales, rising average selling price of tyres, expanding automobilefleet, coupled with favorable government policies like low interest rates. Israel tyre industry is majorlydominated by various tyre manufacturing giants such as Michelin, Toyo, Hankook, Bridgestone, etc.,which are operating through the import route in the country. Alliance Tyre is the only domestic tyremanufacturing company in the country.
Region-wise, in 2014, Tel-Aviv and Central District accounted for the majority volume share in the overalltyre demand emanating in Israel. Same trend is anticipated to continue through 2020, owing to growingpopulation and rapid urbanisation in these regions. In 2014, the country had a high motorization rate(passenger cars and commercial vehicles) of more than 360 vehicles per 1,000 people. Passenger car tyreand light commercial vehicle tyre segments cumulatively captured a market share of more than 80% in2014.
“Over the next five years, passenger car tyre segment is anticipated to witness higher growth, followedby light commercial vehicle tyre, OTR tyre, medium & heavy commercial vehicle tyre and two-wheelertyre segments. Moreover, the country’s vehicle fleet is dominated by passenger cars. Consequently, thepassenger car tyre segment, which already has a major share in the country’s tyre market, is expected tocontinue its dominance in the country’s tyre market through 2020.” said Mr. Karan Chechi, ResearchDirector with TechSci Research, a research based global management consulting firm.
© TechSci Research
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Israel Tyre Market Size, By Value (USD Million), By
Volume (Million Units), 2010-2020F
S a m p l e D a t a - S n a p s h o t
1 2 3 4 5 7 8 9 10 11 12
3 5 7 9 1115 17 19 21 23 25
2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F
Value (USD Million) Volume (Million Units)
Israel Tyre Market Share, By Vehicle Type, By Volume, 2014-2020F
3.00% 3.01% 3.02% 3.03% 3.04% 3.05% 3.06% 3.07% 3.08% 3.09% 3.10%
4.00% 4.01% 4.02% 4.03% 4.04% 4.05% 4.06% 4.07% 4.08% 4.09% 4.10%7.00% 7.01% 7.02% 7.03% 7.04% 7.05% 7.06% 7.07% 7.08% 7.09% 7.10%
18.00% 18.01% 18.02% 18.03% 18.04% 18.05% 18.06% 18.07% 18.08% 18.09% 18.10%
60.00% 60.01% 60.02% 60.03% 60.04% 60.05% 60.06% 60.07% 60.08% 60.09% 60.10%
2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F
2-W M&HCV OTR LCV PC
Israel Tyre Market Share, By Region, By Volume, 2014-2020F
Haifa District:2014: X%2020: X%
Tel Aviv District:2014: X%2020: X%
Central District:2014: X%2020: X%
Northern District:2014: X%2020: X%
Judea and Samaria Area:
2014: X%2020: X%
Jerusalem District:2014: X%2020: X%
Southern District:2014: X%2020: X%
Israel Passenger Car Tyre Market Share, By Vehicle
Type, By Volume, 2010-2020F
16.0% 16.0% 16.0% 16.0% 16.0% 16.1% 16.1% 16.1% 16.1% 16.1%16.1%
82.0% 82.0% 82.0% 82.0% 82.0% 82.1% 82.1% 82.1% 82.1% 82.1% 82.1%
2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F
Agriculture Equipment Vehicles Industrial Equipment Vehicles
Israel Medium & Heavy Commercial Vehicle (M&HCV) Tyre Market Size,
By Value (USD Million), By Volume (Million Units), 2010-2020F
1 2 3 4 57 8 9 10 11 12
35
79
1115
1719
2123
25
2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F
Value (USD Million) Volume (Million Units)
© TechSci Research
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R e p o r t O r d e r i n g
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Report Price
Report Name : Israel Tyre Market Forecast and Opportunities,
2020
License Type Price
Electronic Access - Single User License $2500
CD-ROM Mail Delivery $3000
Hard Copy Mail Delivery $3500
Electronic Access - Multi-User License $4500
A b o u t U s & D i s c l a i m e r
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© TechSci Research
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About Us
TechSci Research is a global market research and consulting company with offices in Canada, India and the UK . TechSci Research
provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on
improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both
industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional
and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich
evaluation of the opportunities available in the market.
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Disclaimer
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made thatit is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sourcesincluding which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of anyinformation and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that ithas no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can changewithout notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage ofthe same for purpose other than internal will require prior approval of TechSci Research.
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