Growing Infrastructure Sector to Boost Tyre Market in Costa Rica by 2020 Says TechSci Research
Summary
The segmental trend is expected to remain the same during the forecast period as well.With rising government focus on infrastructure and transportation sector, and with the long term National Transportation Plan, it is forecast that Costa Rica will witness a boom in the construction and industrial sectors, which in turn is expected to fuel growth in automotive industry, and consequently, the tyre industry in the country.In Costa Rica, the new government elected in April 2014 has promised to strengthen the country’s basic infrastructure like city transportation and rail-roads, which would in turn, boost tyre sales in Costa Rica in the coming years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.Burnaby, British Columbia,, Canada, October 22, 2015 --( PR.com )-- According to TechSci Research report, “Costa Rica Tyre Market Forecast & Opportunities, 2020,” the tyre market in Costa Rica is forecast to grow during 2015-20, on account of expanding vehicle fleet and upcoming government reforms to boost growth in construction and transportation sector.The segmental trend is expected to remain the same during the forecast period as well.With rising government focus on infrastructure and transportation sector, and with the long term National Transportation Plan, it is forecast that Costa Rica will witness a boom in the construction and industrial sectors, which in turn is expected to fuel growth in automotive industry, and consequently, the tyre industry in the country.“Costa Rica’s tyre market is solely dependent on the replacement tyre demand as there are no OEMs in the country.Contact Information TechSci Research Ken Mathews +1 646 360 1656 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