As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.

Belgium tire market was valued USD 0.69 Billion in 2019 and is projected to be valued USD 0.86 Billion by 2025. Key factors fuelling the growth of Belgium tire market are increased vehicle ownership, robust road infrastructure, rising living standards, coupled with relatively positive macroeconomic indicators. Only Bridgestone has manufacturing facility in the European country and other major tire companies such as Continental, Michelin, Pirelli, Goodyear, Yokohama, etc., are engaged in selling tires through tire distributors and dealers operating in the country.

Belgium 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 is projected to dominate the Belgium tire market during the forecast period and hold 84.42% market share by 2025. The reasons can be attributed to owing to increasing sale of Sports Utility Vehicles (SUVs) and Crossover Utility Vehicles (CUVs).

Major companies operating in Belgium tire market are The Goodyear Tire & Rubber Company, Continental AG, Cooper Tire & Rubber Company, Pirelli & C. S.p.A., Compagnie Générale des Établissements Michelin, Bridgestone Europe NV/SA, Yokohama Rubber Co. Ltd., Hankook Tire Company Limited, Nokian Renkaat Oyj, Apollo Tires Limited and Sumitomo Rubber Industries Ltd., among others. Key growth strategies adopted by leading market players are mergers & acquisitions, collaborations, product innovation and joint ventures.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyze and forecast the market size of Belgium tire market.
  • To classify and forecast Belgium tire market based on vehicle type, demand category, radial vs bias, company and region.
  • To identify drivers and challenges for Belgium tire market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Belgium tire market.
  • To identify and analyze the profile of leading players involved in the manufacturing tires in Belgium.

 

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To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tire dealers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels and regional presence of all major tire suppliers across Belgium.

TechSci Research calculated the market size for Belgium tire using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Tire manufacturers, suppliers, distributors and other stakeholders
  • Vehicle manufacturing companies
  • Raw material suppliers
  • Associations, organizations, forums and alliances related to tires
  • Government bodies such as regulatory authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as vehicle manufacturers, distributors and dealers, and policy makers. The study would also help the stakeholders to target the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Belgium tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Belgium Tire Market, By Vehicle Type:

o    Passenger Car

o    Two-Wheeler

o    Medium & Heavy Commercial Vehicle

o    Light Commercial Vehicle

o    Off-The-Road Vehicle (OTR)

o    Three-Wheeler

  • Belgium Tire Market, By Demand Category:
    • OEM
    • Replacement
  • Belgium Tire Market, By Radial vs Bias
  • Belgium Tire Market, By Region:
    • Flemish Region
    • Wallonia Region
    • Brussels Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Belgium tire market.

Available Customizations:

With the given market data, TechSci Research offers customizations according a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Belgium Tire Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Brand Awareness & Recall

5.2.  Brand Satisfaction

5.3.  Challenges & Unmet Needs

6.    Belgium Tire Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-wheeler and Three -wheeler)

6.2.2.     By Demand Category (OEM Vs. Replacement)

6.2.3.     By Radial Vs Bias

6.2.4.     By Company (2020)

6.2.5.     By Region

6.3.  Market Attractiveness Index

6.3.1.     By Vehicle Type

7.    Belgium Passenger Car Tire Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type

7.2.2.     By Demand Category

7.2.3.     By Radial Vs Bias

7.3.  Market Attractiveness Index

8.    Belgium Two-Wheeler Tire Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type

8.2.2.     By Demand Category

8.2.3.     By Radial Vs Bias

8.3.  Market Attractiveness Index

9.    Belgium Medium & Heavy Commercial Vehicle Tire Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type

9.2.2.     By Demand Category

9.2.3.     By Radial Vs Bias

9.3.  Market Attractiveness Index

10.  Belgium Light Commercial Vehicle Tire Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type

10.2.2.  By Demand Category

10.2.3.  By Radial Vs Bias

10.3.              Market Attractiveness Index

11.  Belgium OTR Tire Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type

11.2.2.  By Demand Category

11.2.3.  By Radial Vs Bias

11.3.              Market Attractiveness Index

12.  Belgium Three-Wheeler Tire Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value & Volume

12.2.              Market Share & Forecast

12.2.1.  By Vehicle Type

12.2.2.  By Demand Category

12.2.3.  By Radial Vs Bias

12.3.              Market Attractiveness Index

13.  Market Dynamics

13.1.              Drivers

13.2.              Challenges

14.  Import Export Analysis

15.  Market Trends & Developments

16.  Policy and Regulatory & Landscape

17.  Belgium Economic Profile

18.  Competitive Landscape

18.1.              Competition Outlook

18.2.              Players Profiled (Leading Companies)

18.2.1.  The Goodyear Tire & Rubber Company

18.2.1.1.      Company Overview

18.2.1.2.      Products & Services

18.2.1.3.      Financials (If available)

18.2.1.4.      Current & Future Strategy

18.2.1.5.      Key Management

18.2.1.6.      Contact Details

18.2.2.  Continental AG

18.2.3.  Cooper Tire & Rubber Company

18.2.4.  Pirelli & C. S.p.A.

18.2.5.  Compagnie Générale des Établissements Michelin

18.2.6.  Bridgestone Europe NV/SA

18.2.7.  Yokohama Rubber Co. Ltd.

18.2.8.  Hankook Tire Company Limited

18.2.9.  Nokian Renkaat Oyj

18.2.10.                Apollo Tyres Limited

18.2.11.                Sumitomo Rubber Industries Ltd.

19.  Strategic Recommendations

20.  About Us & Disclaimer

 

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  • List of Figures

     

    Figure 1: Belgium Tire Market - Factors Influencing Purchase Decision (N=75)

    Figure 2: Belgium Tire Market - Influencer of Purchase (N=75)

    Figure 3: Belgium Tire Market - Aided Brand Recall (N=75)

    Figure 4: Belgium Tire Market - Unaided Brand Recall (N=75)

    Figure 5: Belgium Tire Market Brand Satisfaction Level (N=75)

    Figure 6: Belgium Tire Market - Brand Satisfaction Level, By Lifetime (N=75)

    Figure 7: Belgium Tire Market - Brand Satisfaction Level, By Traction (N=75)

    Figure 8: Belgium Tire Market - Brand Satisfaction Level, By Vehicle Compatibility (N=75)

    Figure 9: Belgium Tire Market - Brand Satisfaction Level, By Frequency of Breakdown (N=75)

    Figure 10: Belgium Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 11: Belgium Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 12: Belgium Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 13: Belgium Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 14: Belgium Tire Market Share, By Region, By Volume, 2019 & 2025F

    Figure 15: Belgium Tire Market Share, By Region, By Volume, 2019-2025F

    Figure 16: Belgium Tire Market Supply Chain Model

    Figure 17: Belgium Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 18: Belgium Passenger Car Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 19: Belgium Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 20: Belgium Passenger Car Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 21: Belgium Passenger Car Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 22: Belgium Passenger Car Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 23: Belgium Passenger Car Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 24: Belgium Light Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 25: Belgium Light Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 26: Belgium Light Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 27: Belgium Light Commercial Vehicle Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 28: Belgium Light Commercial Vehicle Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 29: Belgium Light Commercial Vehicle Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 30: Belgium Medium & Heavy Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 31: Belgium Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 32: Belgium Medium & Heavy Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 33: Belgium Medium & Heavy Commercial Vehicle Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 34: Belgium Medium & Heavy Commercial Vehicle Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 35: Belgium Medium & Heavy Commercial Vehicle Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 36: Belgium Two-Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 37: Belgium Two-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 38: Belgium Two-Wheeler Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 39: Belgium Two-Wheeler Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 40: Belgium Two-Wheeler Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 41: Belgium Two-Wheeler Tire Market Attractiveness Index, By Vehicle Type, By Volume,

    2019E-2025F

    Figure 42: Belgium Off-the-Road Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 43: Belgium Off-the-Road Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 44: Belgium Off-the-Road Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 45: Belgium Off-the-Road Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 46: Belgium OTR Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 47: Belgium Off-the-Road Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

     

    List of Tables

     

    Table 1: Prominent Tire Size in Belgium Passenger Car Tire Market, 2019

    Table 2: Prominent Tire Size in Belgium Light Commercial Vehicle Tire Market, 2019

    Table 3: Prominent Tire Size in Belgium Medium & Heavy Commercial Vehicle Tire Market, 2019

    Table 4: Prominent Tire Sizes in Belgium Two-Wheeler Tire Market, 2019

    Table 5: Prominent Tire Sizes in Belgium OTR Tire Market, 2019

    Table 6: Belgium Tire Imports, By Vehicle Type, By Value, 2015-2019 (USD Million)

    Table 7: Belgium Tire Exports, By Vehicle Type, By Value, 2015-2019 (USD Million)