Poland Tire Market to be Valued USD 2 Billion By 2025
Growth
in automobile industry and improving economic scenario are some key factors expected
to support the growth of Poland tire market in coming years.
According to TechSci Research report, “Poland
Tire Market By Vehicle Type (Passenger
Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM
Vs. Replacement), By Radial Vs Bias, By Region, Forecast & Opportunities, 2015-
2025”, Poland tire market was valued USD 1.52
Billion in 2019 and is poised to undergo a CAGR of around 4.68% through 2025.
Key factors propelling the growth of Poland tire market include growing
automobile industry, increasing passenger car fleet and developed road
infrastructure.
Additionally, thriving e-commerce industry is also
benefiting the tire manufacturers in Poland. The advantages offered by the
online tire companies are compelling consumers to opt buying through
e-commerce. Besides that, rising demand for hybrid, electric and alternate fuel
cars in an effort to reduce carbon dioxide emissions are projected to increase
demand for tires in the country through 2025.
Browse 77 market data Figures and Tables
spread through 115 Pages and an in-depth TOC on "Poland Tire Market"
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Poland tire market is segmented based on vehicle type,
demand category, radial vs bias and region. Based on vehicle type, the market can
be categorized into passenger car, LCV, M&HCV, OTR, two-wheeler and three
-wheeler. Among them, the passenger car tire segment dominated the Poland tire
market in 2019 with a market share of 86.21%. The segment is further expected
to continue its dominance through 2025 on account of rising per capita income
of the consumers which is leading to increasing sale of passenger cars like sedans,
hatchbacks, SUVs and luxury cars. Based on demand category, Poland tire market
can be segmented into OEMs vs replacement. Among the two, replacement tires are
poised to dominate the Poland tire market during the forecast period with a
market share of 78.59% by 2025.
Leading market players in Poland tire market are Apollo
Vredestein Opony Polska sp., Bridgestone Poznan Sp., Continental Opony Polska
Sp, Cooper Tire & Rubber Company, Goodyear Dunlop Tires Polska Sp., Hankook
Tire Polska Sp., Kumho Tire Co., Inc., Michelin Polska S.A, Nokian Tyres plc.
and Pirelli Polska Sp. Key growth strategies being adopted by leading tire
manufacturers are mergers & acquisitions, joint ventures, product
innovation and collaborations.
“Poland’s geographical location in Central Europe,
growing vehicle fleet size and supportive investment policies have made the
country a prominent investment destination for various automotive companies.
Whereas, a robust growth in the production of vehicles is further predicted to
boost the country’s automotive industry in the coming years. On account of such
factors, the country’s tire market is expected to witness a healthy growth
during the forecast period.,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
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“Poland Tire Market By Vehicle Type (Passenger Car, LCV,
M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM Vs.
Replacement), By Radial Vs Bias, By Region, Forecast & Opportunities, 2015-
2025” has
analyzed the potential of Poland tire market, and provides information and
statistics on market structure, size and trends. The report is designed to provide
the intending clients with cutting-edge market intelligence and help them in
taking sound investment decisions. The report also identifies and analyzes
emerging trends along with essential drivers and key challenges faced by Poland
tire market.
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