Main Content start here
Main Layout
Report Description

Report Description

Forecast Period

2026-2030

Market Size (2024)

USD 1,016.09 Million

CAGR (2025-2030)

4.8%

Fastest Growing Segment

Light Commercial Vehicle

Largest Market

Flanders

Market Size (2030)

USD 1,346.17 Million

 

Market Overview

Belgium Tire market was valued at USD 1,016.09 Million in 2024 and is expected to reach USD 1,346.17 Million by 2030 with a CAGR of 4.8% during the forecast period. The Belgium tire market, encompassing radial and bias constructions across passenger cars, light commercial vehicles (LCVs), medium & heavy commercial vehicles (M&HCVs), two‑wheelers, and off‑the‑road (OTR) vehicles, is experiencing robust dynamics driven by multiple interconnected growth factors and emerging trends. First, stringent environmental norms, particularly the EU’s CO emission and rolling resistance regulations, are propelling adoption of advanced low‑rolling‑resistance tires, compelling manufacturers to upgrade product portfolios—radial tires now account for over 85% of total volume, with growing OEM and replacement demand for eco‑focused compounds. Second, Belgium’s mature automotive fleet—approaching 70 vehicles per 100 inhabitants—combined with steady vehicle growth annually, supports sustained replacement tire demand. Third, Belgium’s strategic position as a logistic and industrial hub, with nearly 2,000 freight routes and a heavy commercial vehicle population growth of 3% per annum, bolsters demand for heavy‑duty radial tires and robust bias OTR variants. Moreover, the consumer shift toward sustainable mobility—e‑vehicles now represent over 15% of new passenger car registrations—fuels demand for specialized low‑noise, EV‑optimized radial tires.

Furthermore, the LCV segment, buoyed by expanding urban delivery and e‑commerce operations, has seen its tire fleet grow by 5% in the past two years. Complementing these growth factors, innovations in digital tire management solutions (e.g., smart tire sensors, TMS integration) are gaining traction, particularly among fleets seeking cost efficiencies and compliance with EU hours‑of‑service and safety standards. Simultaneously, macroeconomic stability in Belgium—with GDP growth maintaining around 1.7% annually and consumer confidence strong—supports consistent aftermarket tire expenditures. Meanwhile, trade and regulatory factors such as the EU’s recent focus on tire labeling transparency and import duties on non‑EU bias tire imports at 6–8% are encouraging local production and third‑country radial imports, shifting market share dynamics toward established radial leaders. Finally, consumer preferences are shifting aggressively toward all‑season and performance tire segments, driven by changing weather patterns and demand for year‑round convenience—these now represent nearly 40% of passenger vehicle replacement volumes.

Key Market Drivers

Regulatory Pressure and Environmental Sustainability

Belgium’s tire market is being significantly driven by regulatory mandates that emphasize fuel efficiency, carbon reduction, and safety. Under the EU’s Regulation (EC) No 1222/2009 (tire labeling), introduced in 2012 and revamped in 2021, tires sold in Belgium must display performance grades for rolling resistance, wet grip, and external noise. As a result, low‑rolling‑resistance radial tires (class A or B) now dominate, constituting approximately 60% of new passenger car OEM tire fitments and about 50% of replacement volumes. The EU Fit‑for‑55 plan (effective 2023) further adds CO targets for vehicles, prompting automakers to mandate ultra‑low rolling resistance tires from suppliers. For example, Volvo Belgium reported that 80% of its new XC40 EVs were fitted with A‑rated tires by 2024. These regulations have led to increased R&D investment—European rubber manufacturers have increased R&D spend by 15% from 2019 to 2023, focusing on silica‑based compounds and innovative tread designs. Bias tires, while still used in some commercial and OTR applications, are losing share; radial construction increased from 78% to 85% of total tire volume between 2020 and 2024, largely due to regulatory favor. In the replacement segment, approximately 70% of consumers prefer energy‑efficient radial tires even if they carry a 5–10% price premium, signaling strong receptivity. Thus, evolving EU regulations are a major catalyst accelerating Belgium’s market transition toward radial, eco‑efficient, and safety‑compliant tires in both OEM and replacement segments.

Growth of Electric and Hybrid Vehicle Fleets

A second powerful growth driver in Belgium’s tire market is the increasing penetration of electric vehicles (EVs) and hybrids. In 2024, BEV and PHEV registrations surged to nearly 25% of all new passenger vehicles, up from just 8% in 2020. By the end of 2024, Belgium counted approximately 350,000 plug‑in electric vehicles on its roads, up 55% year‑on‑year. EVs necessitate specific tire characteristics—reinforced sidewalls, low rolling resistance, and noise reduction—due to their weight and torque profiles. Consequently, tire manufacturers (e.g., Michelin, Pirelli, Goodyear) have launched dedicated EV tire lines (e.g., Michelin Pilot Sport EV, Pirelli Cinturato Electric, Goodyear EfficientGrip 2 EV), capturing increasing OEM and aftermarket share. OEM demand for EV‑specific tires climbed from 10% of all passenger passenger car tire fitments in 2021 to over 22% in 2024. In the replacement segment, high‑mileage EV drivers, drawn by concerns over range optimization and noise comfort, are choosing EV‑certified tires: these now represent 18% of total passenger car replacement volume. Average selling prices (ASPs) of EV‑specific radial tires are 12–18% higher than same‑size conventional radials, allowing manufacturers to sustain margins. Fleet operators (e.g., Blue Corner, D’Ieteren logistics) are adopting these products to maintain performance and reduce energy consumption. In summary, electrification is a major structural driver shaping radial tire demand in Belgium, influencing both OEM specifications and aftermarket replacements in passenger and light commercial vehicle segments.

Expansion of LCV and Heavy Commercial Fleets

Belgium’s role as a European logistics hub—with major ports at Antwerp and Zeebrugge, and a dense highway network—is fueling growth in its light commercial vehicle (LCV) and medium & heavy commercial vehicle (M&HCV) sectors. According to FEBIAC, the Belgian automotive federation, new LCV registrations grew by 4.8% in 2023, while M&HCVs rose 3.2%, reaching a total parc of 890,000 units. The rapid rise of e‑commerce and “last‑mile” delivery demands more LCVs, which now account for 18% of total tire replacement volumes (up from 15% in 2020). Fleets are prioritizing radial tires with reinforced sidewalls, run‑flat capability, and extended tread life; radial penetration in the LCV segment has crossed 92%, compared to 80% BCT (bias‑ply) five years ago. Moreover, a growing trend in axle‑based tire management (e.g., tire pressure monitoring systems, central tire inflation) among Brussels‑based large fleets is increasing demand for premium radial M&HCV tires that support digital integration. ASPs in the commercial radial category have increased by 9% since 2021, reflecting the added value of advanced compound design and telematics compatibility. Altogether, the expanding commercial fleet sector—underpinned by logistics growth, fleet digitization, and demand for high‑performance radials—is a core pillar underpinning Belgium’s tire market growth trajectory.


Download Free Sample Report

Key Market Challenges

Raw Material Cost Volatility

A major challenge facing Belgium’s tire industry is the volatility of raw material costs—particularly synthetic rubber, natural rubber, carbon black, and advanced silica fillers. Between 2021 and 2024, average spot prices for natural rubber fluctuated between USD 1.25/kg and USD 2.05/kg, causing average tire production costs to swing +/- 10%. Synthetic rubber derivatives (e.g., SBR, BR) experienced similar swings due to petrochemical price volatility; carbon black prices rose 35% in 2022 before tapering. Manufacturers passing through these costs to consumers face margin compression, especially in the OEM supply chain where price negotiations with automakers are tight. In 2023, Continental Europe tire makers reported a 6.7% decline in EBITDA margins due to input cost inflation. Additionally, bias‑ply and OTR tire production—more raw material intensive per unit volume due to greater layering and compound mass—is disproportionately impacted, reducing profitability in those segments. Although radial tire manufacturers can leverage economies of scale and compound optimization, smaller local players focusing on bias and OTR niches struggle to hedge cost spikes. For example, Belgian independent bias tire producer X‑Tread reported a 12% increase in raw material costs in 2023 alone. This volatility also disincentivizes long-term investment, delaying modernization of plants and slowing adoption of innovative eco‑friendly inputs, impacting Belgium’s ability to align fully with EU sustainability goals.

Replacement Market Fragmentation and Profi­t Pressure

Another pressing challenge is the fragmentation of Belgium’s replacement tire market, driven by a proliferation of distribution channels and consumer price sensitivity. The market is split between OEM‑certified partners (e.g., garage networks), independent tire retailers, supermarket chains, and online marketplaces. Price‑focused segment players (e.g., Carrefour, Colruyt, bol.com) have captured roughly 24% of replacement volume, offering low‑cost imported bias and radial tires at sub‑€50 each. This compresses margins across the board, forcing midsize dealers and local workshops to reduce prices or shift toward commoditized low‑cost brands. ASPs for economy segment replacement tires dropped by approximately 8% between 2021 and 2024. Meanwhile, consumers often choose lowest price regardless of label rating, causing pressure on manufacturers to offer stripped‑down products with weaker performance profiles. For regional OEM-certified service networks (e.g., D’Ieteren Auto, Group Renault Belgium), maintaining quality and complying with label regulations increases per‑tire cost by up to €7, reducing replacement‑segment profitability. Smaller fleet operators face similar dynamics: price wars erode margins, delaying their adoption of premium or eco‑efficient offerings. Ultimately, intense competition and price sensitivity in Belgium’s replacement market is pushing down average margins to around 18% in mid‑2024—compared with over 22% in 2019—threatening future investments in product development and consumer education.

Infrastructure and Seasonal Demand Variability

A third key challenge arises from the infrastructure-driven seasonality and weather variability across Belgium’s regions, complicating tire utilization and logistics. Belgium experiences varied weather—from mild coastal winters to colder inland temperatures—prompting a seasonal surge in winter and all‑season tire demand from November to March. Winter tire fitment on passenger vehicles rises from approximately 10% in summer to nearly 45% in winter months. These seasonal spikes create logistical pressure—warehousing capacity in Flanders increases by over 50% from summer to winter, straining supply chains. Smaller regional distributors face stock‑outs or excess inventory, leading to inflated logistics costs (up to +24% during transition months). Transport costs for bulkier lugged tires like bias OTR in colder months grow exponentially. Moreover, rural infrastructure, such as unpaved farm roads in Wallonia requiring specialized heavy re‑tread or bias agricultural tires, lacks consistent demand; annual utilization rates are only 400–600 hours, compared with 800–1,200 hours in neighboring Netherlands. Under‑utilization raises cost per hour and inhibits economies of scale in production of niche bias‑construct OTR tires. Additionally, Belgium’s rolling TÜV‑style vehicle inspections indirectly penalize worn, low‑grade tires year‑round, pressuring consumers toward frequent replacement—retail frequency rises 30% in the tail‑end of winter. While increased replacement can benefit volumes, the irregular peaks create planning challenges, increased costs and inefficiency across the supply chain.

Key Market Trends

Digital Tire Management and Connectivity

An increasingly notable trend in Belgium’s tire market is the acceleration of digital tire‑management solutions. Large commercial and municipal fleets in Brussels, Antwerp, and Leuven are integrating Tire Pressure Monitoring Systems (TPMS), RFID‑tagged tires, and telematics platforms to track tire pressure, wear, and remaining tread life. According to a 2024 survey by Belgian Fleet Management Association, 48% of fleets have implemented connected tire systems—a 12 percentage‑point increase from 2021. The gathered sensors feed into cloud‑based analytics to proactively schedule tire rotations and replacements, optimize routes based on tire wear patterns, improving fleet utilization by approximately 7%. Tire manufacturers such as Goodyear and Michelin now offer subscription‑based services (e.g., Goodyear FleetOnlineSolutions, Michelin Telematics Connect), charging fleets per‑mile or through flat‑rate tire‑management contracts. These digital tools support compliance with EU F‑Drivers Regulation, reduce accident risk, and enhance fuel efficiency—studies show maintained tire pressure 95% of the time saves 3–5% fuel. In 2024, Belgian logistics company Lineas reported annual savings of Euro 120,000 after adopting Michelin Fleet Management services. The digital trend is also gaining traction in the passenger‑car OE replacement channel—independent retailers in urban areas are starting to offer TPMS installation and software dashboards as value‑add services. Overall, the integration of connectivity in tire systems is transforming how both fleets and end‑users procure, manage, and pay for tire services, moving the market from a product‑based model to a service‑oriented ecosystem.

Emergence of Premium All‑Season and EV‑Specific Tires

A notable consumer-driven trend in Belgium is the rising demand for premium all‑season and EV‑specific tire segments. Traditionally a summer‑winter split market, Belgium has seen all‑season tires increase share from 22% in 2018 to about 37% in 2024 of passenger car replacement volumes. Consumers cite convenience (no annual changeover) and safety (better grip in off‑season conditions) as reasons. Premium brands (e.g., Pirelli Cinturato All Season Plus, Goodyear Vector 4Seasons Gen‑3, Michelin CrossClimate 2+) lead this segment. ASPs in this category are 15–20% higher than conventional summer tires. In EV deployments, nearly 45% of BEVs on Belgian roads are retrofitted with EV‑specific tires at their first replacement. These products, including Pirelli Cinturato Electric and Bridgestone Ecopia EP500s EV, deliver lower rolling resistance (avg. RRC improvement of 0.15–0.20 points) and quieter ride tailored to EV NVH profiles. Fleet buyers note a 4–6% increase in EV range when running on EV‑specific radial tires. As OEMs integrate all‑season and EV‑specific tires at factory fit across mid‑ to high‑end models, adoption is moving downstream into replacement. Specialists report all‑season/EV tires contributing to 28% of replacement sales in premium tire shops. This shift reflects more sophisticated Belgian consumer preferences and helps brands differentiate and command price premiums amid commoditization elsewhere in the market.

Local Manufacturing and Circular Economy Alignment

Belgium’s tire market is increasingly influenced by local production and circular‑economy initiatives. Belgian rubber facility Brigand Rubber, along with European partners, invested Euro 45 million in 2023 to modernize a plant in Liège dedicated to radial passenger and LCV tires, doubling capacity by 2025. The new line will use 30% recycled and bio‑based content in tread compounds, including recycled carbon black. This aligns with EU ambitions—under the proposed EU Circular Economy Action Plan, 30% of EU tire mass must be recycled or bio‑based by 2030. Meanwhile, the Belgian government offers subsidies of up to €100,000 per plant for circular tire‑manufacturing investments. Industry‑wide, tire retreading is gaining traction—Belgium recorded a 13% rise in commercial retread volumes between 2022 and 2024, led by fleets in the Port of Antwerp. These commercial retreads offer cost savings of 25–35% over new tires and cut life‑cycle CO emissions by up to 55%. For passenger cars, high‑quality retreads (Class A‑rated) are entering formal channels via some OEM‑certified tire repair dealers. Innovators such as Rebological in the GC Louvain area fabricate high‑durability retreads for agricultural and municipal machinery, meeting regional sustainability criteria. Altogether, greater circularity—via domestic production of recycled‑content tires and retreading—reduces dependence on volatile raw material imports and supports Belgium’s decarbonization objectives, while also giving manufacturers and distributors new product positioning options.

Segmental Insights

Vehicle Type Insights

The passenger car segment holds the largest share of the Belgium tire market. With Belgium’s car ownership rate hovering around 500+ vehicles per 1,000 inhabitants, passenger car usage is widespread. Urban centers such as Brussels, Antwerp, and Ghent see high vehicle density, fueling the demand for replacement tires. The dominance of this segment is further enhanced by the rising preference for premium and electric cars, which require specialized, high-performance tires. Regulatory pressure to switch to low-emission vehicles is also driving demand for EV-specific tires with lower rolling resistance and enhanced durability. The passenger car segment benefits significantly from Belgium’s seasonal tire change culture (winter/summer), contributing to recurring tire purchases and high replacement rates.

Demand Category Insights

The OEM segment comprises tires fitted on vehicles at the time of manufacturing. In Belgium, OEM demand is closely tied to local vehicle sales and manufacturing volumes. Given that Belgium’s vehicle production is limited (as most OEM manufacturing has shifted to lower-cost countries), this segment contributes modestly to the overall market. However, it plays a vital role for manufacturers such as Volvo Group and Audi Brussels, where premium models are assembled. OEM tire demand fluctuates based on macroeconomic cycles, new vehicle sales trends, and supply chain dynamics in the automotive sector. The replacement tire market is the largest and most stable segment in Belgium. It accounts for over 70–75% of total tire demand. This is driven by factors such as the high average age of vehicles (around 10 years), Belgium’s strict roadworthiness inspections (Controle Technique/Keuring), and the seasonal tire swap requirement. Belgian consumers typically change their tires every 30,000–40,000 km or 2–3 years, ensuring a recurring replacement demand. Additionally, the shift toward electric vehicles and high-performance tires is creating demand for specialized replacement SKUs. Tire retailers, online platforms, and garage chains cater to a highly informed and price-sensitive consumer base.


Download Free Sample Report

Regional Insights

Flanders, the northern region of Belgium, is the most economically advanced and densely populated area in the country, home to major urban centers like Antwerp, Ghent, and Leuven. This region accounts for the largest share of the tire market in Belgium, both in terms of volume and value. Flanders’ dominance stems from several factors: high vehicle ownership per capita, robust infrastructure, and a flourishing logistics sector centered around the Port of Antwerp — one of the largest in Europe. The regional road network is well-developed, supporting heavy commercial and passenger vehicle traffic, which leads to a strong demand for both OEM and replacement tires. The region's vehicle fleet is notably modern and includes a significant proportion of electric and hybrid vehicles, driving up demand for technologically advanced radial tires with lower rolling resistance. Seasonal tire changes (winter to summer and vice versa) are strictly followed, especially in Flanders' suburban and rural belts, supporting recurring replacement cycles. Flanders is also a hub for retail tire distribution, featuring a well-developed chain of tire shops, auto centers, and online tire sales platforms. In terms of tire construction, radial tires dominate, with a growing presence of EV-specific tires aligned with the region’s leadership in sustainable mobility initiatives. Furthermore, the high penetration of leasing and fleet vehicles in cities like Antwerp increases the frequency of tire replacements, strengthening the aftermarket ecosystem.

Recent Developments

  • In 2024, Davanti Tyres announced a partnership with Deli Tyres BV, granting the wholesaler exclusive rights to distribute Davanti’s DX, Protoura Sport, and Alltoura ranges across the Belgian market. The collaboration includes an upgraded depot to store up to 50,000 tyres, aiming to strengthen Davanti’s midrange market position in Benelux.
  • At Tire Cologne 2024, Pirelli unveiled the P Zero Winter 2, achieving Class A wet-grip and over 50% bio‑based/recycled materials in EV-specific versions. Available in 13 sizes with “Elect” technology, this winter tire also includes options for luxury EV models and features noise-reduction technology.
  • In 2024, Bandag Europe, a Bridgestone subsidiary specializing in commercial tire retreading, announced it will close its Lanklaar facility by mid‑2025 due to declining EU retread demand, overcapacity, and rising energy costs—decisions aimed at consolidating production in Poland.
  • In 2024, Bolder Industries Belgium secured approximately Euro 34.3 million from the EU Innovation Fund to build a tire pyrolysis facility at Antwerp’s port, scheduled to process 4 million end‑of‑life tires annually, cutting greenhouse gas emissions by about 85% compared to conventional carbon black production.

 

Key Market Players

  • Bridgestone Corporation
  • Continental AG
  • Yokohama Rubber Company Limited
  • Hankook Tire & Technology Co., Ltd.
  • Compagnie Générale des Établissements Michelin SCA
  • The Goodyear Tire & Rubber Company
  • Pirelli & C. S.p.A.
  • Sumitomo Rubber Industries Ltd.
  • Toyo Tire & Rubber Co., Ltd.
  • Shandong Wanda BOTO Tyre Co., Ltd.

By Vehicle Type

By Tire Construction Type

By Demand Category Type

By Region

  • Passenger Car
  • Light Commercial Vehicle (LCV)
  • Medium & Heavy Commercial Vehicles (M&HCV)
  • Off-the-Road Vehicles (OTR)
  • Two-Wheeler
  • Radial
  • Bias
  • ICE
  • Electric
  • Flanders
  • Wallonia

 

Report Scope:

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

  • Belgium Tire Market, By Vehicle Type:

o   Passenger Car

o   Light Commercial Vehicle (LCV)

o   Medium & Heavy Commercial Vehicles (M&HCV)

o   Off-the-Road Vehicles (OTR)

o   Two-Wheeler

  • Belgium Tire Market, By Tire Construction Type:

o   Radial

o   Bias

  • Belgium Tire Market, By Demand Category Type:

o   OEM

o   Replacement

  • Belgium Tire Market, By Region:

o   Flanders

o   Wallonia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Belgium Tire market.

Available Customizations:

Belgium Tire market report with the given market data, TechSci Research offers customizations according to 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).

Belgium Tire Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]  

Table of content

Table of content

1. Introduction

1.1. Product Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Methodology Landscape

2.2. Objective of the Study

2.3. Baseline Methodology

2.4. Formulation of the Scope

2.5. Assumptions and Limitations

2.6. Source of Research

2.7. Approach for the Market Study

2.8. Methodology Followed for Calculation of Market Size & Market Shares

2.9. Forecasting Methodology

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions

3.5. Overview of Market Drivers, Challenges, and Trends

4. Belgium Tire Market Outlook

4.1. Market Size & Forecast

4.1.1. By Value

4.2. Market Share & Forecast

4.2.1. By Vehicle Type Market Share Analysis (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheelers, Three Wheelers, OTR)

4.2.2. By Tire Construction Type Market Share Analysis (Radial, Bias)

4.2.3. By Demand Category Type Market Share Analysis (OEM, Replacement)

4.2.4. By Regional Market Share Analysis

4.2.5. By Top 5 Companies Market Share Analysis, Others (2024)

4.3. Belgium Tire Market Mapping & Opportunity Assessment

4.3.1. By Vehicle Type Market Mapping & Opportunity Assessment

4.3.2. By Tire Construction Type Market Mapping & Opportunity Assessment

4.3.3. By Demand Category Type Market Mapping & Opportunity Assessment

4.3.4. By Regional Market Mapping & Opportunity Assessment

5. Belgium Passenger Car Market Outlook

5.1. Market Size & Forecast 

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Tire Construction Type Market Share Analysis

5.2.2. By Demand Category Type Market Share Analysis

6. Belgium Light Commercial Vehicle Market Outlook

6.1. Market Size & Forecast 

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Tire Construction Type Market Share Analysis

6.2.2. By Demand Category Type Market Share Analysis

7. Belgium Medium & Heavy Commercial Vehicle Market Outlook

7.1. Market Size & Forecast 

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Tire Construction Type Market Share Analysis

7.2.2. By Demand Category Type Market Share Analysis

8. Belgium Two Wheelers Market Outlook

8.1. Market Size & Forecast 

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Tire Construction Type Market Share Analysis

8.2.2. By Demand Category Type Market Share Analysis

9. Belgium Off-the-Road Vehicles (OTR) Market Outlook

9.1. Market Size & Forecast 

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Tire Construction Type Market Share Analysis

9.2.2. By Demand Category Type Market Share Analysis

10. Market Dynamics

10.1. Drivers

10.2. Challenges

11. Market Trends & Developments

11.1. Merger & Acquisition (If Any)

11.2. Vehicle Type Launches (If Any)

11.3. Recent Developments

12. Disruptions: Conflicts, Pandemics and Trade Barriers

13. Porters Five Forces Analysis

13.1. Competition in the Industry

13.2. Potential of New Entrants

13.3. Power of Suppliers

13.4. Power of Customers

13.5. Threat of Substitute Product

14. Policy & Regulatory Landscape

15. Belgium Economic Profile

16. Competitive Landscape

16.1. Company Profiles

16.1.1. Bridgestone Corporation.

16.1.1.1. Business Overview

16.1.1.2. Company Snapshot

16.1.1.3. Product & Services

16.1.1.4. Financials (As Per Availability)

16.1.1.5. Key Market Focus & Geographical Presence

16.1.1.6. Recent Developments

16.1.1.7. Key Management Personnel

16.1.2. Continental AG

16.1.3. Yokohama Rubber Company Limited

16.1.4. Hankook Tire & Technology Co., Ltd.

16.1.5. Compagnie Générale des Établissements Michelin SCA

16.1.6. The Goodyear Tire & Rubber Company

16.1.7. Pirelli & C. S.p.A.

16.1.8. Sumitomo Rubber Industries Ltd.

16.1.9. Toyo Tire & Rubber Co., Ltd.

16.1.10. Shandong Wanda BOTO Tyre Co., Ltd.

17. Strategic Recommendations

17.1. Key Focus Areas

17.1.1. Target Vehicle Type

17.1.2. Target Demand Category Type

17.1.3. Target Region

18. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Frequently asked questions

The market size of the Belgium Tire Market is estimated to be USD 1016.09 Million in 2024

As per the statistics of 2024, the passenger car tire segment emerged as the dominant vehicle type in the Belgium Tire Market. This dominance can be attributed to the robust growth in the sale of passenger cars in the region, coupled with the increasing consumer demand for high-performance and fuel-efficient tires.

In the Belgium tire market, Flanders region holds a dominant position. It's a hub for numerous automobile companies and tire manufacturing units. With its strong economy and high demand for vehicles, Flanders considerably contributes to the tire market's growth in Belgium.

The major drivers for the Belgium Tire Market include a high rate of automobile ownership, stringent winter tire regulations, and a growing demand for eco-friendly and high-performance tires driven by environmental awareness and consumer preferences.

Related Reports

We use cookies to deliver the best possible experience on our website. To learn more, visit our Privacy Policy. By continuing to use this site or by closing this box, you consent to our use of cookies. More info.