PR.com: Business Directory, Press Releases, Jobs, Products, Services, Articles
 
Businesses Articles Press Releases Follow @PRcom
Press Release Pricing | News by Category | News by Country | News by US Region | Recent News | PR.com News on Your Site
 

Press Releases

 
TechSci Research

Press Release


Receive press releases from TechSci Research: By Email RSS Feeds:

Djibouti Tire Market to Cross $4.50 Million by 2022: TechSci Research Report


Increase in fleet of passenger cars and commercial vehicles coupled with growing replacement tire market to drive Djibouti tire market through 2022

New York, NY, February 12, 2017 --(PR.com)-- According to TechSci Research report, “Djibouti Tire Market Forecast and Opportunities, 2012 – 2022,” the tire market in Djibouti is anticipated to cross $4.50 million by 2022, owing to increasing domestic automobile demand, growing industrial and service sectors and expanding automobile fleet size. Moreover, a growing population, which increased from 0.84 million in 2011 to 0.89 million in 2015, is expected to boost the demand for automobiles as well as tires in the country over the next five years. Djibouti lacks manufacturing facilities both for automobiles and automotive tires. Consequently, automobile as well as tire market in the country is 100% import driven.

Browse 20 market data Tables and 47 Figures spread through 111 Pages and an in-depth TOC on "Djibouti Tire Market"
https://www.techsciresearch.com/report/djibouti-tire-market-forecast-opportunities/885.html

Passenger car tire segment dominated Djibouti tire market during 2012 – 2016, and the segment is expected to maintain its dominance during the forecast period as well. In 2016, Djibouti Region accounted for the largest share in the country’s tire market. Djibouti city is the capital of Djibouti and the largest city in the country as well. With a population exceeding 0.5 million, Djibouti city is the center for all economic activities in the country due to its strategic location as a Red Sea transit point. Most of the goods exported to Somalia and other neighboring countries pass through Djibouti. Hence, due to its strategic location, Djibouti city is the largest contributor the country’s tire market, and the same trend is expected to continue over the next five years as well.

“On account of unstable political environment, automobile as well as tire companies are facing challenges in conducting their operations in the country. However, with the country gradually regaining political stability coupled with better fiscal and regulatory policies, Djibouti is expected to evolve into a more open and stable economy over the course of next 5-10 years, which would eventually have a positive impact on the country’s tire industry in the coming years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Djibouti Tire Market Forecast & Opportunities, 2021” has analyzed the potential of Djibouti tire market, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the industry.

About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
Contact Information
TechSci Research
Ken Mathews
+1 646 360 1656
Contact
www.techsciresearch.com
2950 Boundary Road
Burnaby, British Columbia,
Canada VM5 3Z9

Click here to view the list of recent Press Releases from TechSci Research
Promote Your Business