Ireland Tyre Market to Continuing Demand Surge from Sedan Cars Segment

 Growing passenger car sales, rising urbanization rates and improved road infrastructure to boost growth in Ireland tyre market through 2020

According to TechSci Research report, “Ireland Tyre Market Forecast and Opportunities, 2020”, tyre market in Ireland is dominated by the replacement tyre segment. Prominent factors driving the country’s tyre market include anticipated growth in automobile sales in the coming years, coupled with expanding automobile fleet, especially the country’s passenger car fleet. With no domestic automobile and tyre manufacturing facility in the country, tyre market in Ireland is entirely driven by the replacement tyre demand. Tyre companies operate in Ireland by importing tyres into the country, and then distributing through their respective distribution networks. Consequently, tyre market in Ireland is totally import-dependent.

In terms of regional demand, Dublin region accounts for majority share of the country’s overall tyre demand. High demand emanating from this region can be attributed to the large vehicle fleet in Dublin. With a vehicle motorization rate of around 500 vehicles per 1,000 people in 2015, robust growth in road infrastructure and rising standards of living, Ireland tyre market is projected to grow during the forecast period. Major tyre companies operating in the country include Continental, Bridgestone, Michelin, Pirelli, Goodyear, etc.
“Passenger car tyre segment is the dominant tyre segment in Ireland, in volume terms, During the forecast period, sedan car tyre segment is expected to remain the highest contributing segment, owing to large fleet of sedan cars in the country. Passenger car tyre segment is anticipated to retain its dominance in the market over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Ireland Tyre Market Forecast and Opportunities, 2020” has evaluated the future growth potential of Ireland tyre market and provides statistics and information on market structure, trends, imports & exports of Ireland tyre market. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment evaluation. Besides, the report also identifies and analyses emerging trends along with essential drivers, challenges and opportunities available in Ireland tyre market.