A tyre is a module fitted around the rim of a wheel to transference the load of a vehicle from the axle to the ground. Rubber tyre comprises of tread, joint less cap piles, beads, and several other materials, which involve the synthetic rubber, carbon black, and fabric. The foremost operation of the tyre is to safeguard the wheel rim and suggest attractive force among the road surface and the vehicle. Since, it is established from rubber, it also delivers a flexible cushion, thereby decreasing the impact of the vibrations and absorbs the shock of the vehicle. There is an exponential augment in the requirement for tyre owing to the rise in vehicle production in Pakistan to cater the augment in requirement of vehicles around all segments. Thus, the tyre requirement is eventually governed by automobile production.
According to the report analysis, ‘Pakistan Rubber Tyre and Tube Market by Channel (OEM and Aftermarket), Component (Tyre, and Tubes), Design (Radial and Bias), and Vehicle Type (Passenger Car, Commercial Vehicles, Two Wheeler, Three Wheeler, Agriculture Tractor, and OTR/TBR)): Opportunity Analysis and Industry Forecast, 2018-2025’ states that in the Pakistan Rubber Tyre and Tube market there are numerous companies which recently operating more effectively for leading the fastest market growth and registering the handsome value of market share around the region during the review duration while implementing the profitable strategies, analyzing and studying the favorable and vigorous rules and regulations of the government, spreading the awareness related to the rubber tyre and tube, decreasing the associated price, delivering the better consumer satisfaction, employing the young work force and developing the specifications of the production technologies includes General Tyre and Rubber Co. Ltd., Servis Tyre, the Goodyear Tyre & Rubber Company, Bridgestone group, Pirelli Tyre S.p.A, Michelin, Ghauri Tyre & Tube Ltd., Continental Corporation, Sumitomo Rubber Industries Ltd., Yokohama Rubber Co., Ltd and several others.
In addition, the growth of Pakistan rubber tyre and tube market is effectively propelled owing to the intense competition among the tyre manufacturers to establish sustainable, durable in excellence, and also owing to the production of lower cost tyres to meet the requirement for tyre are the factors projected to lead the growth of Pakistan rubber tyre and tube market. Not only has this, the implementation of the advanced technology in the manufacturing process of tyre to offer great product differentiation to the customer leads to a extraordinary level of performance and resilience, which is also probable to propel the growth of the rubber tyre market in Pakistan. Furthermore, the increase in the trend of utilizing the nitrogen gas in car tyre in Pakistan and an augment in the lifespan of vehicles are the aspects projected to project the aftermarket growth of the rubber tyre market in Pakistan. Pakistan rubber tyre and tube market share is increasing due to rising production of all type vehicles across this region. Therefore, in the coming years, it is predicted that the market of rubber tyre and tube will increase around the region more actively over the upcoming future.
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Ankur Gupta, Head Marketing & Communications