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    B2B Industry and Company Profile

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    Vimal Chandran K B 2027218
    The global tire market is highly dependent on the automotive industry. The market is expected to grow significantly due to increasing demand from vehicles like cars, buses, and trucks. The largest segment of the tire market is passenger car tires, and this segment is projected to grow rapidly with increased passenger car production worldwide. Currently, replacement tires account for over 70% of the global tire market, but original equipment manufacturer (OEM) market share is expected to increase in the future. Radial tires currently dominate the market in terms of technology. MRF is the largest tire manufacturer in India and one of the top 20 globally. It produces tires for various vehicles from two-wheelers to fighter aircraft as an original equipment supplier. MRF

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    B2B Industry and Company Profile

    Uploaded by

    Vimal Chandran K B 2027218
    21 views2 pages
    The global tire market is highly dependent on the automotive industry. The market is expected to grow significantly due to increasing demand from vehicles like cars, buses, and trucks. The largest segment of the tire market is passenger car tires, and this segment is projected to grow rapidly with increased passenger car production worldwide. Currently, replacement tires account for over 70% of the global tire market, but original equipment manufacturer (OEM) market share is expected to increase in the future. Radial tires currently dominate the market in terms of technology. MRF is the largest tire manufacturer in India and one of the top 20 globally. It produces tires for various vehicles from two-wheelers to fighter aircraft as an original equipment supplier. MRF

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    B2B INDUSTRY AND COMPANY PROFILE

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    The global tire market is highly dependent on the automotive industry. The market is expected to grow significantly due to increasing demand from vehicles like cars, buses, and trucks. The largest segment of the tire market is passenger car tires, and this segment is projected to grow rapidly with increased passenger car production worldwide. Currently, replacement tires account for over 70% of the global tire market, but original equipment manufacturer (OEM) market share is expected to increase in the future. Radial tires currently dominate the market in terms of technology. MRF is the largest tire manufacturer in India and one of the top 20 globally. It produces tires for various vehicles from two-wheelers to fighter aircraft as an original equipment supplier. MRF

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    21 views2 pages

    B2B Industry and Company Profile

    Uploaded by

    Vimal Chandran K B 2027218
    The global tire market is highly dependent on the automotive industry. The market is expected to grow significantly due to increasing demand from vehicles like cars, buses, and trucks. The largest segment of the tire market is passenger car tires, and this segment is projected to grow rapidly with increased passenger car production worldwide. Currently, replacement tires account for over 70% of the global tire market, but original equipment manufacturer (OEM) market share is expected to increase in the future. Radial tires currently dominate the market in terms of technology. MRF is the largest tire manufacturer in India and one of the top 20 globally. It produces tires for various vehicles from two-wheelers to fighter aircraft as an original equipment supplier. MRF

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    © All Rights Reserved
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    INDUSTRY BACKGROUND:

    The global tyre market is highly dependent on the well-being of the


    automotive industry due to its strong association with the automotive
    sector. It is also dependent on other factors such as raw materials,
    their supply and unpredictable costs, the global tyre market is
    expected to reach heights in the future due to the enormous demand
    produced by cars, buses and trucks coupled with rising demand for
    low resistance tyres. The Global Tire Market is primarily categorised
    based on vehicle model, demand classification, radial vs. bias, and
    regions, The market has been divided into the segments of passenger
    car tyres, light commercial vehicle (LCV) tyres, medium & heavy
    commercial vehicle (M&HCV) tyres, two-wheeler tyres, three-
    wheeler tyres and OTR tyres.
    The largest share was in passenger car tyres, and the segment is also
    likely to rise at an impressive pace during the forecast period, as
    demand for passenger cars has increased in all regions around the
    globe. In terms of the demand segment, with an approximate market
    share of over 70%, the replacement market has dominated the Global
    Tire Market and is expected to maintain its dominance through 2025.
    However, due to growing vehicle production and technological
    developments in the automotive industry around the globe, the market
    share of OEMs is expected to increase in future years. The market is
    mainly accounted for by radial tyres in terms of technology form, and
    the segment is expected to retain its dominance during the projected
    timeline.
    COMPANY PROFILE
    MRF is the largest tyre manufacturer in India and is ranked among the
    Top 20 Global Manufacturers in India with 9 state-of-the-art factories.
    It is also India's largest supplier of original equipment (OEM) tyres
    with an extensive selection of tyres, from two-wheelers to fighter
    aircraft. The MRF Tyres were produced in 1946. The business is
    headquartered in Chennai. The actual name of the company is Madras
    Rubber Factor Limited, but it is known by its abbreviation, i.e. MRF.
    The company is a multinational company and is also the country's
    largest tyre producer. They are also the 14th largest tyre manufacturer
    in the world. The company's product range includes: tyres, treads,
    tubes, conveyor belts, paint and toys. But very few people know that
    it started with a very small sum of Rs 14thousand. MRF Tyres had
    modest beginnings and the journey began in Madras with the
    manufacture of toy balloons. In 1952, when it began selling tread
    rubber, the company's first big step towards becoming a giant in the
    tyre industry From that point MRF Tyres, there has been no going
    back as the business went through many new avenues and expanded
    by leaps and bounds. It currently has more than 2 billion dollars in
    sales. The company has adistribution networks across the world, the
    company has a strong pan-Indian presence. Currently, they have 8
    processing units and 4 warehouses. The export history of the company
    dates back to the 1960s, when tyres began to be exported to the USA
    and Lebanon. In 1961, they also opened their first overseas office in
    Beirut. They currently have a foothold in 65 countries and 180 offices
    worldwide.

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