Europe Tire Market Trends, Share, Size, Opportunity and Forecast by 2021-2026

According to the latest report by IMARC Group, titled “Europe Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the Europe Tire Market exhibited stable growth during 2015-2020. Looking forward, IMARC Group expects the europe market to grow at a CAGR of 2.8% during 2021-2026.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Tire refers to a ring-shaped automotive component that surrounds the wheel rim and is manufactured using natural or synthetic rubber, steel, carbon black, wire, vulcanization accelerator and silica. It is commonly available in all-season, touring, performance, summer, winter, highway, all-terrain, rib and spare variants. They transfer the weight of the automobile from the axle to the ground and provide stability to the vehicle with minimal vibrations and enhanced shock absorption. Tires are widely used in passenger and commercial vehicles, such as passenger, commercial, electric and utility vehicles, buses and trucks.

The Europe tire market is primarily being driven by significant growth in the automotive industry. Premium-quality tires are widely used in ultra-high-performance vehicles for longer operational life, enhanced stability and reliability and puncture resistance. Moreover, various product innovations, such as the launch of airless 3D-printed and bio-based tiers, are favoring the market growth. Other factors, including significant improvements in the automotive infrastructure, along with extensive research and development (R&D) activities to manufacture lightweight tires, are creating a positive outlook for the market across the region.

Europe Tire (Tyre) Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape with Key Players:

The competitive landscape of the europe tire (tyre) market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Michelin
  • Bridgestone Corporation
  • Continental AG
  • Goodyear Tire & Rubber Company
  • Sumitomo Corporation
  • Pirelli C. S.p.A
  • Yokohama Tire Corporation
  • Hankook Tire & Technology Co. Ltd.
  • Toyo Tire Corporation
  • Kumho Tire Co., Ltd.

Key Market Segmentation:

The report has segmented the europe tire (tyre) market on the basis of radial vs. bias, end-use, vehicle type, Size, distribution channel and country.

Breakup by Radial Vs. Bias:

  • Radial
  • Bias

On the basis of the radial vs. bias, the market has been bifurcated into radial and bias.

Breakup by End-Use:

  • OEM
  • Replacement

Based on the end-use, the market has been divided into OEM and replacement.

Breakup by Vehicle Type:

  • Passenger Cars
  • Light Commercial Vehicles
  • Medium and Heavy Commercial Vehicles
  • Two-Wheelers
  • Three-Wheelers
  • Off-The-Road (OTR)

On the basis of the vehicle type, the market has been classified into passenger cars, light commercial vehicles, medium and heavy commercial vehicles, two-wheeler, off-the-road (OTR), and three-wheelers.

Breakup by Size:

  • Passenger Cars
  • Light Commercial Vehicles
  • Medium and Heavy Commercial Vehicles
  • Two-Wheelers
  • Off- The- Road (OTR)
  • Three-Wheelers

Based on the size, the market has been categorized into rim and tire size.

Breakup by Distribution Channel:

  • Offline
  • Online

On the basis of the distribution channel, the market has been segmented into offline and online.

Breakup by Country:

  • Germany
  • United Kingdom
  • Spain
  • France
  • Italy
  • Russia
  • Turkey
  • Netherlands
  • Belgium
  • Others

On the geographical front, the market has been segregated into Germany, the United Kingdom, Spain, France, Italy, Russia, Turkey, the Netherlands, Belgium, and Others.

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/europe-tire-market

Key highlights of the report:            

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Industry Trends
  • Market Drivers and Success Factors
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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