According to www.techsciresearch.com latest Report- Sri Lanka tire market was valued USD 0.25 Billion in 2019 and is forecast to undergo 8.26% growth during the forecast period. Key factors fuelling the growth of Sri Lanka tire market are rising automobile sales, growing infrastructure sector and easy availability of automobile loans at lower interest rates. Report URL- https://www.techsciresearch.com/report/sri-lanka-tire-market/5124.html

1. SRI LANKA TIRE MARKET
FORECAST & OPPORTUNITIES
2015 – 2025
MARKET INTELLIGENCE . CONSULTING
www.techsciresearch.com

2. 2
Scope of Report
Product of Interest (POI): Sri Lanka Tire Market
Review Period
2015 – 2018
Base Year
2019
Estimated Year
2020
Forecast Period
2021 – 2025
Year Range
Sri Lanka Tire Market
VEHICLE TYPE
• Central
• Southern
• Western
• North Western
• Rest of Sri Lanka
• Passenger Cars
• Light Commercial Vehicles
• Medium & Heavy Commercial
Vehicles
• Two-Wheelers
• Off-the-road Vehicles
TYPE
REGION
• Radial
• Bias
Global Tire supplier, Michelin defines Tire as “A precisely engineered assembly of
rubber, chemicals, fabric, and metal, designed to provide traction, cushion road shock
and carry a load under varying conditions.”
Market Segmentation

3. 3
Table of Contents
S. No. Contents
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Factors influencing purchase decision
4.2. Influencer of Purchase
4.3. Aided/Unaided Purchase Recall
4.4. Brand Satisfaction Level
5. Sri Lanka Tire Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1.
By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial
Vehicles, Two-wheelers, Three-Wheeler & Off-the-Road Vehicles)
5.2.2. By Demand Category (OEM Vs. Replacement)
5.2.3. By Radial Vs Bias
5.2.4. By Company
5.2.5. By Region
5.3. Market Attractiveness Index (By Vehicle Type)
6. Sri Lanka Passenger Car (PC) Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume

4. 4
Table of Contents
S. No. Contents
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (SUVs, Sedans & Small Car/Hatchback)
6.2.2. By Demand Category
6.2.3. By Radial Vs Bias
6.3. Market Attractiveness Index (By Vehicle Type)
7. Sri Lanka Light Commercial Vehicle (LCV) Tire Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type (Pick-ups, Vans and Light Buses)
7.2.2. By Demand Category
7.2.3. By Radial Vs Bias
7.3. Market Attractiveness Index (By Vehicle Type)
8. Sri Lanka Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type (Truck, Bus & Tractor Trailer)
8.2.2. By Demand Category
8.2.3. By Radial Vs Bias
8.3. Market Attractiveness Index (By Vehicle Type)

5. 5
Table of Contents
S. No. Contents
9. Sri Lanka Two-Wheeler (2W) Tire Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type (Road Bike, Off-Road Bike, All Terrain Vehicle & Scooter)
9.2.2. By Demand Category
9.2.3. By Radial Vs Bias
9.3. Market Attractiveness Index (By Vehicle Type)
10. Sri Lanka Off-The-Road (OTR)Tire Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Vehicle Type (Mining, Construction & Industrial Equipment, Agriculture Vehicles & Others)
10.2.2. By Demand Category
10.2.3. By Radial Vs Bias
10.3. Market Attractiveness Index (By Vehicle Type)
11. Sri Lanka Three Wheeler Tire Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Vehicle Type

6. 6
Table of Contents
S. No. Contents
11.2.2. By Demand Category
11.2.3. By Radial Vs Bias
11.3. Market Attractiveness Index (By Vehicle Type)
12. Import-Export Analysis
13. Market Dynamics
14. Market Trends & Developments
15. Policy & Regulatory Landscape
16. Sri Lanka Economic Profile
17. Competitive Landscape
18. Strategic Recommendations
19. About us & Disclaimer

7. RESEARCH
METHODOLOGY

8. 8
Research Methodology
✓ Identifying Key Opinion
Leaders
✓ Questionnaire Design
✓ In-depth Interviews
Data
Collection
Developing list
of respondents
Formulating
Questionnaire
Market
Profiling
Data
Validation
Data
Analysis
In-depth secondary
research was conducted to
determine top players in
the Sri Lanka tire market,
overall market size and
segmental market size.
In order to conduct
industry experts’
interviews, TechSci
formulated a detailed
discussion guide.
List of industry
players and industry
specialists was
developed.
TechSci conducted
interviews with
industry experts and
industry players for
data collection and
verification.
Data obtained as a
result of primary
and secondary
research was
validated through
rigorous
triangulation.
The data was scrutinized
using MS-Excel, statistical
tools and internal
proprietary database to
obtain qualitative and
quantitative insights about
the Sri Lanka tire market
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
Primary Research Desk Research Company Analysis
✓ Recent Developments
✓ Market Changing
Aspects/Dynamics
✓ Government Policies
✓ Conclusion
✓ Market Participants
✓ Key Strengths
✓ LinkedIn
✓ TechSci Internal
Database
✓ Factiva
✓ Hoovers
Paid Sources
✓ Company Websites
✓ Company Annual
Reports
✓ White Paper Study
✓ Financial Reports
✓ Investor
Presentations
✓ Regulatory Body
✓ Associations, etc.
Secondary
Research
Primary Research

9. 9
Research Methodology
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of Sri Lanka tire market. The team has analyzed the outlook of
various segments of this market, while considering the major influencing factors such as expanding vehicle fleet, increasing industrialization and
growing penetration of online sales channel across the country. The study includes market forecasting, which would enable our clients to take better
decisions while planning their strategy to achieve sustainability in Sri Lanka tire market.
Methodology Followed for Calculation of Market Size:
• Market Size by Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive
secondary research and primary surveys, with various key opinion leaders/stakeholders, such as Sri Lanka tire market manufacturers, suppliers,
distributors, channel partners, market influencers & end users, industry experts, and other industry participants.
• The team interviewed more than 15 – 20 Sri Lanka tire market companies and distributor, 50 end users, and 15 – 20 Industry experts and other value
chain stakeholders in the Sri Lanka tire market to obtain the overall market size from 2015-2019, which was validated by the Delphi technique.
Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data from 2015-2019.

10. 10
Research Methodology
• Respondents were asked about the current and future market growth rates, market shares by vehicle type, by radial v/s bias, by company and by
each region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various
segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from
other stakeholders depending upon the platform of Sri Lanka tire market.
Methodology Followed for Calculation of Market Shares:
Market shares by vehicle type, by radial v/s bias, by region and by company were calculated based on the responses received through primary surveys
with industry experts, in which the respondents were asked about the market shares or revenue generated from tires sales. The final shares were
calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers.
Methodology Followed for Forecasting:
• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in
SPSS/Tableau Software.
• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Sri Lanka tire
market, TechSci Research used various forecast techniques such as:
✓ Moving Average
✓ Time Series Analysis
✓ Regression Analysis
✓ Econometric and Judgmental Analysis

11. 11
Research Methodology
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used
the impact analysis during short, medium and long term period to estimate and analyse the market demand scenario. It should be noted that the
figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD), with
the market size indicated in USD million.
Partial List of Companies Interviewed Key Secondary Sources
▪ CEAT-Kelani International Tyres (Pvt.) Limited
▪ Apollo Tyre Ltd.
▪ MRF Limited
▪ Cheng Shin Rubber Industry Co. Ltd.
▪ Global Rubber Industries, Pvt. Ltd.
▪ Faga Tyres Private Limited
▪ Bridgestone Corporation
▪ Samson Rubber Industries (Pvt) Ltd
▪ Kumho Tire Co.
▪ Goodyear Tire & Rubber Co.
▪ World Bank
▪ International Monetary Fund (IMF)
▪ TechSci Research Proprietary Database & Knowledge
Repository
▪ Company Annual Reports
▪ Industry Magazines
▪ Industry Reports
▪ News Dailies
▪ Credible Paid Databases

12. 12
Industry Brief
According to TechSci Research report, “Sri Lanka Tire Market By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By
Demand Category (OEM Vs. Replacement), By Radial Vs Bias, By Region, Forecast & Opportunities, 2015- 2025”, Sri Lanka tire market is estimated to witness
8.26% CAGR during the forecast period on account of rising automobile sales and development of advanced products such as flat run and next generation fuel
efficient tire technology. The easy availability of automobile loans at lower interest rates in the country is also playing a major role in the growth of Sri Lanka tire
market.
Sri Lanka serves as one of the largest exporter of rubber based products and free trade agreements with countries make the country a lucrative option for global
tire manufacturers to set up or tie-up with domestic tire manufacturers in the country, thereby, fueling the growth of the market.
Sri Lanka tire market is segmented based on vehicle type, demand category, radial vs bias and region. Based on vehicle type, the market can be categorized
into passenger car, LCV, M&HCV, OTR, two-wheeler and three-wheeler. Among them, Sri Lanka tire market is dominated by two-wheeler tires and the segment
is expected to continue its dominance during the forecast period with a market share of around 37.06% by 2025. The reasons can be attributed to increasing
popularity of mopeds and motorcycles among consumers. Based on demand category, Sri Lanka tire market is segmented into OEMs vs replacement. Among
the two, replacement segment holds a 100% dominance in country’s tire market owing to the absence of OEMs. This trend is expected to continue through
2025 as well.
Leading market players in Sri Lanka tire market are CEAT-Kelani International Tyres (Pvt.) Limited, Apollo Tyre Ltd., MRF Limited, Cheng Shin Rubber Industry
Co. Ltd., Global Rubber Industries, Pvt. Ltd., Faga Tyres Private Limited, Bridgestone Corporation, Samson Rubber Industries (Pvt) Ltd., Kumho Tire Co. and
Goodyear Tire & Rubber Co. Among them, CEAT Kelani, Global Rubber Industries (GRI) and Faga are few of the major domestic tire manufacturing companies.
Leading companies are adopting growth strategies such as mergers & acquisitions, partnerships, collaborations, product innovation and joint ventures to
enhance their market share in Sri Lanka tire market.
“Sri Lanka’s is among top ten manufacturers of natural rubber and presence of cheap labor make it preferred choice for tire companies to set up manufacturing
plant in the country due to overall production cost. Also, tire produced in the country affirm to the global and EU REACH regulations, thereby, a significant share
of the global tire demand is met through exports from Sri Lanka.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.

13. 13
Sample Data - Snapshot
Sri Lanka Tire Market, Market Size, By Value (USD Million), By Volume (Thousand Unit), 2015–2025F
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2015 2019 2020E 2025F
By Value (USD Million)
By Volume (Thousand Unit)
CAGR BY VALUE: XX%
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2015
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2020E
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Passenger Cars Light Commercial Vehicles
Medium & Heavy Commercial Vehicles Two Wheelers
Sri Lanka Tire Market Share, By Vehicle Type, By Volume, 2015–2025F
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SUVs Sedans Small Car/Hatchback
Sri Lanka Passenger Car (PC) Tire Market Share, By Vehicle Type, By Volume, 2015–2025F

14. 14
Report Ordering
Report Name: SRI LANKA TIRE MARKET
FORECAST & OPPORTUNITIES
2015 – 2025
To View Sample OR Purchase Report
License Type Price
Single User License $3450
Multi-User License $4450
Custom Research License $8450

15. About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in 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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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or
complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand.
However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information 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 it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together
with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal
consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.
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