Russia tire market size, share , market trends & forecast 2025

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

2. Scope of Report Product of Interest (POI): Tire Russia is a major economy, which has been mostly driven by oil & gas production and depends largely on the energy industry for revenue generation, but due to decline in oil prices over the past few years, the economy of Russia suffered a setback. Automotive sector in the country also witnessed a dip, which further negatively impacted tire market in Russia. Government of Russia has been taking various initiatives for attracting foreign direct investment (FDI) in various sectors such as agriculture, infrastructure and transportation & tourism, etc. Demand for tires in Russia is expected to increase at a moderate pace over the coming years, owing to expanding vehicle fleet and rising per capita income levels of consumers. Market Segmentation DEMAND CATEGORY VEHICLE TYPE Review Period 2015 – 2018 Base Year 2018 Estimated Year 2020 Forecast Period 2021 – 2025 Year Range • Passenger Car • OTR • Light Commercial Vehicle • Medium & Heavy Commercial Vehicle • Two-Wheeler RUSSIA TIRE MARKET • OEM • Replacement REGION • Eastern • North-West • North • Siberian • Ural • South Region & • Crimean • Volga • Central RADIAL VS BIAS • Radial • Bias

3. Table of Contents

4. Table of Contents

5. Table of Contents

6. RESEARCH METHODOLOGY

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

8. Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of Russia tiremarket. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as expanding vehicle fleet and rising per capita income levels. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in Russia tire market. Methodology Followed for Calculation of Market Size: • Market Size by Value & Volume: Market size, in terms of value & volume, 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 tire companies, distributors, suppliers, industry experts, and other industry participants. • The team interviewed more than 40 – 50 tire companies, 180 – 200 end users, and 15 – 20 industry experts and other value chain stakeholders in Russia tire market to obtain the overall market size from 2015 to 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 during 2015-2019.

9. Research Methodology • Respondents were asked about the current and future market growth rates, market shares by vehicle type, by demand category, by radial vs bias, by winter tire vs summer tire, by company and by each region. Removing the outlier responses, the geometric mean of growth estimates and supplier 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. Methodology Followed for Calculation of Market Shares: Market shares by vehicle type, by demand category, by radial vs 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, trends and recent development in the Russia tire market. 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 Russia tire market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis

10. 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 the demand and to reach accurate market numbers. It should be noted that the figures compiled are only for the organized market including market share data.

11. INDUSTRY BRIEF According to TechSci Research report, “Russia Tire Market By Vehicle Type, By Demand Category, By Radial vs Bias, By Summer Tire vs Winter Tire, By Region, Competition, Forecast & Opportunities, 2025”, tire market in Russia is projected to cross 90 million unit sales by 2025, on account of recovering automobile sales, expanding automobile fleet size and consistently increasing tire prices in the country. Moreover, Russia’s Gross National Income (GNI) per capita has been witnessing a consistent rise over the last 10 years, which in turn has positively impacted the purchasing power of consumers in the country. Moreover, with expanding population base, rising purchasing power and growing infrastructural development, demand for tires in the country is expected to grow through 2025. In 2019, Russia tire market has dominated by passenger car tire segment, followed by medium & heavy commercial vehicle, light commercial vehicle, OTR vehicle and two-wheelers tire segments. Few of the prominent tire manufacturing companies in Russia include Michelin Russia and CIS, Continental Kaluga Limited Liability Company, Hankook Tire Rus Limited Liability Company, Bridgestone C.I.S Limited Liability Company, Nizhnekamskshina Joint Stock Company, Pirelli Tyre Russia Limited Liability Company, Nokian Tyres PLC, Altai Tyre Open Joint Stock Company, Belshina Open Joint Stock Company, among others. In 2019, Central region accounted for the largest market share in Russia tire market, followed by Volga Region, South Region & Crimean Region, Ural Region, North Region, Siberian Region, North-West Region and Eastern Region. “Increasing per capita income is the major factor fuelling demand for passenger cars in Russia. Moreover, increasing mining activities in the country are further boosting demand for OTR tires in the country. Also, growing Chinese tire penetration, increasing share of foreign tire manufacturers and rising online tire sales are expected to positively impact Russia tire market during 2020-2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

12. SAMPLE DATA - SNAPSHOT Russia Tire Market Size, By Volume, 2019 & 2025F (Thousand Units) Figure XX: Russia Tire Market Share, By Region, By Value, 2019 & 2025F XX Thousand Units XX% CAGR XX Thousand Units Russia Tire Market Size, By Value, 2015–2025F (USD Million) CAGR BY VALUE CAGR BY VALUE YY% XX% Russia Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2015–2025F

13. REPORT ORDERING Report Name: RUSSIA TIRE MARKET FORECAST & OPPORTUNITIES 2015 – 2025 Report Price To View Sample OR Purchase Report

14. 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. Partial List of Clients Related Reports • Canada Tire Market Forecast & Opportunities, 2025 • France Tire Market Forecast & Opportunities, 2025 • New Zealand Tire Market Forecast & Opportunities, 2025 TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com 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 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.