The European Tire Market is projected to witness a CAGR of 2.1% during the forecast period (2020-2026). Stable vehicle sales, high expenditure on vehicles, and their accessories are some of the major factors for the growth of the market in the region. Growth in the demand for high-performance tires is another major factor for the growth of the market in the region. Increasing total vehicle fleet is also one of the major factors for market growth in the region. As per the European Automobile Manufacturers Association (ACEA), the total vehicle fleet of Europe was more than 386 million as compared to nearly 379 million in 2017.
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Europe’s tire market is segmented based on vehicle type, road application, construction, tire type, and sales channel. By vehicle type, the market is further segmented into passenger cars, light & medium commercial vehicles, heavy commercial vehicles, two-wheeler, and others. During the forecast period, passenger car segment expected to maintain a major market share in the country. As per the ACEA, the passenger vehicle fleet was around 326 million in 2018 whereas the total commercial vehicle fleet was around 55.2 million in 2018.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Europe Tire Market By Vehicle Type
- Passenger Cars
- Light &Medium Commercial Vehicle
- Heavy Commercial Vehicle
- Two-Wheeler
- Other (Construction, Agricultural, Customized Sports)
Europe Tire Market By Road Application
- All-Season Tire
- Summer Tire
- Winter Tire
- Other (All-Terrain Tire)
Europe Tire Market By Construction
- Radial Tire
- Bias PlyTire
Europe Tire Market By Tire Type
- Tubeless Tire
- Tubbed Tire
Europe Automotive Tire Market By Sales Channel
- OEM (Original Equipment Manufacturer)
- Aftermarket (Replacement)
Regional Analysis
- Germany
- UK
- France
- Spain
- Italy
Company Profiles
- Aeolus Tyre Co. Ltd.
- Overview
- Aeolus Tyre Co. Ltd. in Europe
- Aeolus Tyre Co. Ltd. in Tire Landscape
- Recent Developments
- Apollo Tires Ltd.
- Bridgestone Corp.
- Ceat Ltd.
- Cheng Shin Rubber Ind. Co. Ltd.
- Continental AG
- Cooper Tire & Rubber Co.
- Giti Tire Pte Ltd.
- Goodyear Tire and Rubber Co.
- Hankook Tire Co. Ltd.
- Kenda Rubber Industrial Co., Ltd.
- Kumho Tire Co. Inc.
- Michelin Group
- Nexan Tire Corp.
- Nokian Tyres PLC
- Pirelli & C. S.p.A.
- The Yokohama Rubber Co, Ltd.
- Toyo Tire Corp.
- Trelleborg AB
The Report Covers
- Comprehensive research methodology of the European Tire market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the European Tire industry.
- Insights about market determinants which are stimulating the European Tire market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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