Poland Tyre Market to Surpass US$ 3.4 billion by 2020
Reviving automobile
production and sales coupled with expanding vehicle parc to drive Poland tyre
market through 2020
According to TechSci Research report, “Poland Tyre Market Forecast and Opportunities, 2020”, the
tyre market in Poland is anticipated to cross US$ 3.4 billion by 2020. Growth
in the market is anticipated on account of high motorization rate, growing
number of greenfield projects, coupled with increasing FDI investments into the
country. Moreover, due to Poland’s geographical location, it a transit hub between
Western and Eastern Europe, thereby the European logistic center has been
shifted from Germany to Poland. Moreover, comparatively lower labor cost and
improving quality standards of transportation are further strengthening the
country’s position as a transportation hub. Backed by all these factors, Poland
offers high growth potential for the tyre industry over the next five years.
Passenger car segment is the most dominating segment in
the Poland automobile market and accounts for the maximum share in the overall automobile
fleet of the country. As a result, tyre industry in Poland is dominated by the
passenger car segment in terms of volume sales, and same trend is anticipated
to continue through 2020 on account of consistent growing passenger car sales,
favorable government schemes, introduction of new models and growing disposable
income of consumers.
Global players, such as Goodyear, Michelin, Continental,
Bridgestone, and Pirelli, among others are few of the prominent brands operating
in Poland tyre market. Bridgestone operates two tyre manufacturing plants in
the country, and Goodyear and Michelin operate one tyre plant each in Poland. “Over
the last few years, the automotive industry in Poland has been witnessing a
volatile scenario, which has had an impact on the country’s tyre industry. However,
during forecast period, the tyre market in the country is anticipated to make a
steady recovery on account of rising passenger car production coupled with increasing
exports of passenger cars.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Poland Tyre Market Forecast and Opportunities, 2020” has evaluated the future growth potential of
tyre market in Poland, and provides statistics and information on market
structure and trends. The report is intended to provide cutting-edge market
intelligence and help decision makers take sound investment evaluation.
Besides, the report also identifies and analyzes emerging trends along with
essential drivers, challenges
and opportunities available in Poland tyre market.