Press Release

Netherlands Tire Market to Be Dominated By Passenger Car Tire Segment By 2025

Increasing investment by government in automotive manufacturing sector is a major factor propelling the growth of Netherlands tire market in coming years.

According to TechSci Research report, “Netherlands 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”, Netherlands tire market is poised to undergo a CAGR of around 4.69% through 2025. Major factors propelling the growth of Netherlands tire market are increasing passenger car fleet, high purchasing power of people and improving economic conditions of the country. After the establishment of a stable government in 2012, the country has witnessed significant structural and fiscal consolidation, which had a positive impact on the country automotive industry and hence on tire industry. Moreover, increasing investment by government in manufacturing sector is also supporting the growth of Netherlands tire market. However, due to an import driven automobile market, there is a lack of tire manufacturing industry present in the country.

Browse 77 market data Figures and Tables spread through 115 Pages and an in-depth TOC on "Netherlands Tire Market"

Netherlands 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 held dominant position with 81.45% market share in 2019. The segment is further expected to continue its dominance during the forecast period on the back of increasing passenger car fleet.

Based on demand category, Netherlands tire market can be segmented into OEMs vs replacement. Among the two, replacement tires are poised to dominate the Netherlands tire market during the forecast period as tire manufacturers experience less pricing pressure in replacement tires when compared with OEMs and average lifecycle of vehicle is long requiring replacement tire.

Leading market players in Netherlands tire market are Apollo Vredestein, Bridgestone Europe N.V./SA, Nb, Cooper Tire & Rubber, Goodyear Dunlop Tires Europe BV, Deldo Autobanden, Falken Tyre Europe, Michilin, BRISA Bridgestone Sabanci Tire Manufacturing and Trading, Sumitomo Rubber Industries and Toyo Tire & Rubber. Among them, Apollo Tire is the only domestic tire manufacturer operating in the country, hence majority of the tire demand in the country is met by tire imports by various leading global players like Goodyear and Bridgestone. Leading tire manufacturers operating in Netherlands are adopting growth strategies such as new product launches, mergers & acquisitions and joint ventures.

“Netherlands was hit by the Eurozone crisis, which shrunk the purchasing power of consumers, consequently hindering the growth of automotive market including the country’s tire industry over the last few years. However, the country’s economy has revived over the years and there is a significant demand in passenger car tires. The segment is projected to hold a market share of around 80.88% by 2025. Moreover, after the outbreak of COVID-19, tire manufacturers are now adopting to new normal and focusing on e-commerce as their key distribution channel. The country has witnessed significant boost in online segment which is why tire manufacturers are also inclined towards online mode of business,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.  

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“Netherlands 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 Netherlands 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 Netherlands tire market.

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