Europe Tire Market Overview: 2023-28
Base Year: 2022
Historical Years: 2018-21
Forecast Years: 2023-28
TheEurope 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.
Markntel Advisor’s Europe Tire Market Insights report provides the current and forecast market analysis, individual leading companies’ market shares, challenges, Europe Tire Market drivers, barriers, Europe Tire Market Trends, and Key Players in Europe Tire Market.
Download a sample copy of the Report: https://www.marknteladvisors.com/query/request-sample/europe-tire-market.html
✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
Europe Tire Market Dynamics: 2023-28
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.
Browse Full Report with Detail Analysis – https://www.marknteladvisors.com/research-library/europe-tire-market.html
Europe Tire Market (2023-28): Segmentation Outlook
The market 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
According to report, Of them all, passenger cars, which include sedans, hatchbacks, SUVs, & sports cars, dominate the Europe Tire Market with the largest share.
- By Demand Category
- OEM- Market Size & Forecast 2018-2028, Thousand Units
- Replacement- Market Size & Forecast 2018-2028, Thousand Units
According to report, Here, the Replacement demand category dominated the Europe Tire market with the largest share in previous years, and the same trend is likely during the forecast period.
- 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
- 12.1” to 15”- Market Size & Forecast 2018-2028, Thousand Units
- 15.1” to 18”- Market Size & Forecast 2018-2028, Thousand Units
- 18.1” to 20”- Market Size & Forecast 2018-2028, Thousand Units
- 20.1” to 26”- Market Size & Forecast 2018-2028, Thousand Units
- 26.1to 35”- Market Size & Forecast 2018-2028, Thousand Units
- 35.1” 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
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the Europe Tire Market:
- Michelin
- Continental
- Bridgestone
- Pirelli
- Dunlop
- Hankook
- Goodyear
- Nokian
- Yokohama
- Cooper Tires
- Kumho
- Vredestein
- Toyo
Reports Delivery Format – Market research studies from MarkNtel Advisors are offered in PDF, Excel, and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address
About Us –
We are a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Contact Us –
Email: sales@marknteladvisors.com
Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Address Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
