24 Dic Europe Tire Market Insights: Opportunities, Trends, Demand, Growth Outlook [2023-2028]
How Big is the Europe Tire Market?
The Europe Tire Market is projected to grow at around 5% CAGR during the forecast period, i.e., 2023-28. The growth of the market would be propelled mainly by the increasing sales of vehicles due to the changing living standards and greater inclination of the people toward private vehicle ownership across Europe, i.e., directly impacting the demand for tires. As car owners across Europe are becoming increasingly aware of the importance of timely tire inspection & replacement to ensure utmost safety & excellent driving experience, more and more tire manufacturers are expanding their production facilities in the region. As a result, the tire industry in Europe is expanding at a rapid pace & generating lucrative prospects for the leading tire makers, thus enhancing the Europe Tire Market size as well.
Market Statistics
- Market Growth Rate (CAGR): 5% from 2023-2028
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Europe Tire Market Insight:
Driver-
Ever-Increasing Demand for Replacement Tires to Cater to the Large Vehicle Fleet
Europe has a massive vehicle fleet, which includes passenger cars, commercial vehicles, and two-wheelers. As the number of these vehicles on the road is increasing, so is the need for replacing their tires, mainly due to their wear & tear over time on account of diverse terrains, climates, & driving conditions. Hence, in order to ensure optimal performance, safety, and fuel efficiency, replacement tires are witnessing huge demand in the region and, consequently, driving the Europe Tire Market.
Europe Tire Market Segmentation:
The report has segmented the market into the following categories:
By Type of Vehicle
- Passenger Car- Market Size & Forecast 2018-2028, Thousand Units
- Light Commercial Vehicle- Market Size & Forecast 2018-2028, Thousand Units
- Medium & Heavy Commercial Vehicle- Market Size & Forecast 2018-2028, Thousand Units
- Two Wheelers- Market Size & Forecast 2018-2028, Thousand Units
- Off the Road (OTR) Vehicles- Market Size & Forecast 2018-2028, Thousand Units
By Demand Category
- OEM- Market Size & Forecast 2018-2028, Thousand Units
- Replacement- Market Size & Forecast 2018-2028, Thousand Units
By Type of Tire
- Radial- Market Size & Forecast 2018-2028, Thousand Units
- Bias- Market Size & Forecast 2018-2028, Thousand Units
By Sales Channel
- Direct Sales- Market Size & Forecast 2018-2028, Thousand Units
- Multi-Brand Outlets- Market Size & Forecast 2018-2028, Thousand Units
- Exclusive Outlets- Market Size & Forecast 2018-2028, Thousand Units
- Online- Market Size & Forecast 2018-2028, Thousand Units
By Season
- All Season- Market Size & Forecast 2018-2028, Thousand Units
- Winter- Market Size & Forecast 2018-2028, Thousand Units
By Price Category
- Budget- Market Size & Forecast 2018-2028, Thousand Units
- Economy- Market Size & Forecast 2018-2028, Thousand Units
- Premium- Market Size & Forecast 2018-2028, Thousand Units
By Rim Diameter
- Up to 12”- Market Size & Forecast 2018-2028, Thousand Units
- 1” to 15”- Market Size & Forecast 2018-2028, Thousand Units
- 1” to 18”- Market Size & Forecast 2018-2028, Thousand Units
- 1” to 20”- Market Size & Forecast 2018-2028, Thousand Units
- 1” to 26”- Market Size & Forecast 2018-2028, Thousand Units
- 1to 35”- Market Size & Forecast 2018-2028, Thousand Units
- 1” to 47”- Market Size & Forecast 2018-2028, Thousand Units
- Above 47”- Market Size & Forecast 2018-2028, Thousand Units
By Country
- The UK
- Germany
- France
- Italy
- Spain
- Poland
- The Netherlands
- Romania
- Belgium
- Slovakia
- Finland
- Norway
- Sweden
- Denmark
- Rest of Europe
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Competitive Landscape:
- Michelin
- Continental
- Bridgestone
- Pirelli
- Dunlop
- Hankook
- Goodyear
- Nokian
- Yokohama
- Cooper Tires
- Others
- Kumho
- Vredestein
- Toyo
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key Highlights of the Report:
- Market Performance (2023-2028)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
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