Europe Tire Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two- Wheeler, and OTR), By Demand Category (OEM & Replacement), By Tire Construction Type (Radial & Bias), By Rim Size (Up to 19”, 20”-25” & Above 25”), By Sales Channel (Online & Offline), By Country, Competition, Forecast & Opportunities, 2027

  • Industry : Automotive
  • |
  • Pages : 80
  • |
  • Published Date : March, 2022
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Summary

Report Description

Europe tire market stood at around USD44,996.46 million in 2021 and is expected to register growth with a CAGR of approximately 3.84% by value in the forecast period. The consumers in European countries prefer passenger cars and two-wheelers for their daily commutation rather than public transportation. This factor is aiding the growth of vehicle sales throughout the continent, and for such increasing demand, the production of vehicles as well as vehicle fleet of the region is also expanding. Due to these factors, the demand of tires for OEM as well as aftermarket demand is anticipated to register brisk growth in the forecast period.

In addition to that, numerous tire manufacturers are expanding their production capacities to cater domestic OEMs and IAMs demands. Nexen Tire Corporation, (a South Korean tire manufacturer) announced an investment of USD1 billion to set up manufacturing complex in Zatec, Czech Republic in September 2019. The company has started their first phase and is further planning to expand this 7 million sq. ft. factory with the initial production capacity of 3 million units to 11 million by 2022. Another company, Goodyear Tire and Rubber Company announced in 2019 to set up new plant close to their existing innovation center in Colmar-Berg, Luxembourg. The plant is suitable for production capacity of around 500,000 units a year. Such investments are expected to aid the growth of the tire business across European countries in the next five years.

Increasing Replacement Frequencies of Tires Due to Adverse Weather Conditions

European countries are prone to adverse weather conditions majorly due to the erratic currents of air moving over the Atlantic. The ice cold weather and the wet springs brings out the need of winter and all weather tires across the comtinent. Moreover, with changing weather, tires are worn out quite frequently and consumers need to change tires according to the weather condition and much frequently. Such factors are aiding the growth of the tire market in Europe.

Stringent Policies and Regulations

According to the government norms, the automotive tires are needed to be replaced in a defined period of time and must have a minimum depth of the tread pattern of at least 3mm, which results in generating more tire demand in replacement market. Most of the governments in European countries have imposed strict rules and regulations regarding the seasonal use of winter tires and snow tires, which is expected to strongly drive the tire market across the region.

Booming E-Commerce Platforms

According to Eurostat, by the end of 2021, the share of EU households with internet access had risen to 92%, around 20% higher than in 2011 (~72 %). The proportion of individuals aged between 16 to 74 years in the EU who ordered or bought goods or services over the internet for private use stood at around 66% in 2021, which was witnessed to be 15% higher as compared to 2016 levels (~51%). Owing to such drastic changes, consumers are inclined more towards the onlne purchases of tires across the region and hence propelling the growth of the tire sales in the forecast years as well.

Adoption of Green Tires for Environment Safety

Green tires are made from renewable, and bio-sourced materials which are much more environment friendly to manufacture as compared to casual tires. Green tires are much more wear efficient and have improved road resistance as compared to traditional tires. Such factors are also aiding the growth of adoption of green tires and hence, this reason is expected to aid the growth of tires in the next five years as well.

Work-from-home hindering the market growth post COVID-19 pandemic

COVID-19 was a tragedious time when health and economy was concerned, hence, the market suffered a decline. However, the market is on a trajectory to recover from the economical losses of COVID-19. However, due to changes in working style post COVID-19, most of the employees are continuing to work from home, which is leading to decrease in use of personal transportation to commute for work. A huge number of consumers are not using their personal transportation for commuting to office due to prevailing work from home scenario. Lesser use of passenger car will further result in long life of tires, which may  cause decline in the growth rate of replacement tire market across the region in the coming years.


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Market Segmentation

Europe tire market is segmented across vehicle type, demand category, tire construction type, rim size, sales channel and by country. The market by vehicle type is further classified among passenger car, light commercial vehicle, medium & heavy commercial vehicle, two- wheeler, and OTR. By demand category, the market is traced by oem and replacement categories. By tire construction type  the market is segmented across radial & bias tires. By rim size, the tires sales are differentiated between categories of up to 19”, 20”-25” and above 25”. By sales channel, the a market is segmented across online and offline sales channels. By country the market is segmented across Germany, Russia France, Italy, Spain, United Kingdom, Poland, Netherland, Belgium, Slovakia, Romania, and Hungary.

Company Profiles

Compagnie Générale des Établissements Michelin SCA, Continental AG, Pirelli & C. S.p.A., Bridgestone Europe NV/SA, and Goodyear Tire & Rubber Company are the leading five players operating in the Europe tire market. Other companies include Kumho Tire Europe GmbH, Nokian Tyres plc., Cooper Tire & Rubber Co Europe, Yokohama Europe GmbH, Hankook Tire & Technology Co.,Ltd., etc. Apart from these flagship companies, many startup companies are also increasing their footprint in the Europe tire market by pushing their low-cost products blended with ease of availability.

Attribute

Details

Market Size Value in 2021

USD44,996.46 Million

Revenue Forecast in 2026

USD57,300.78 Million

Growth Rate

3.84%

Base Year

2021

Historical Years

2017-2021

Estimated Year

2022

Forecast Period

2023-2027

Quantitative Units

Volume in Million Units, Revenue in USD Million and CAGR for 2017-2021 and 2022-2027

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

·         Vehicle Type

·         Demand Category

·         Tire Construction Type

·         Rim Size

·         Sales Channel

·         Country

·         Company

Country Scope

Germany, Russia, France, Spain, Italy, United Kingdom, Poland, Netherland, Belgium, Slovakia, Hungary and Romania

Key Companies Profiled

Compagnie Générale des Établissements Michelin SCA, Continental AG, Pirelli & C. S.p.A., Bridgestone Europe NV/SA, and Goodyear Tire & Rubber, Kumho Tire Europe GmbH, Nokian Tyres plc., Cooper Tire & Rubber Co Europe, Yokohama Europe GmbH, Hankook Tire & Technology Co.,Ltd., etc.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

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

  • Europe Tire Market, By Vehicle Type:
    • Passenger car
    • Light Commercial Vehicle
    • Medium & Heavy Commercial Vehicle
    • Two- Wheeler
    • OTR
  • Europe Tire Market, By Demand Category:
    • Replacement
    • OEM
  • Europe Tire Market, By Tire Construction Type:
    • Radial
    • Bias
  • Europe Tire Market, By Rim Size:
    • Up to 19''
    • 20"- 25''
    • Above 25''
  • Europe Tire Market, By Sales Channel:
    • Offline
    • Online
  • Europe Tire Market, By Country:
    • Germany
    • Russia
    • France
    • Spain
    • Italy
    • United Kingdom
    • Poland
    • Netherlands
    • Belgium
    • Slovakia
    • Hungary
    • Romania

Competitive Landscape

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

Available Customizations:

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).

Table of content

1.    Product Overview

2.    Research Methodology

3.    Executive Summary

4.    Impact of COVID-19 on Europe Tire Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Brand Recall

5.3.  Brand Satisfaction Level

6.    Europe 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, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two- Wheeler, and OTR)

6.2.2.     By Demand Category (OEM Vs. Replacement)

6.2.3.     By Tire Construction Type (Radial Vs. Bias)

6.2.4.     By Rim Size (Up to 19”, 20”-25” & Above 25”)

6.2.5.     By Sales Channel (Online & Offline)

6.2.6.     By Country (Germany, Russia, France, Italy, Spain, United Kingdom, Poland, Netherland, Belgium, Slovakia, Romania, and Hungary)

6.2.7.     By Company (2021)

6.2.8.     Product Market Map (By Vehicle Type and By Country)

6.3.  Europe Tire Market: Country Analysis

6.3.1.     Germany Tire Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value & Volume

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Vehicle Type

6.3.1.2.2.             By Demand Category

6.3.1.2.3.             By Tire Construction Type

6.3.1.2.4.             By Rim Size

6.3.1.2.5.             By Sales Channel

6.3.2.     Russia Tire Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value & Volume

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Vehicle Type

6.3.2.2.2.             By Demand Category

6.3.2.2.3.             By Tire Construction Type

6.3.2.2.4.             By Rim Size

6.3.2.2.5.             By Sales Channel

6.3.3.     France Tire Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value & Volume

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Vehicle Type

6.3.3.2.2.             By Demand Category

6.3.3.2.3.             By Tire Construction Type

6.3.3.2.4.             By Rim Size

6.3.3.2.5.             By Sales Channel

6.3.4.     Spain Tire Market Outlook

6.3.4.1.         Market Size & Forecast

6.3.4.1.1.             By Value & Volume

6.3.4.2.         Market Share & Forecast

6.3.4.2.1.             By Vehicle Type

6.3.4.2.2.             By Demand Category

6.3.4.2.3.             By Tire Construction Type

6.3.4.2.4.             By Rim Size

6.3.4.2.5.             By Sales Channel

6.3.5.     Italy Tire Market Outlook

6.3.5.1.         Market Size & Forecast

6.3.5.1.1.             By Value & Volume

6.3.5.2.         Market Share & Forecast

6.3.5.2.1.             By Vehicle Type

6.3.5.2.2.             By Demand Category

6.3.5.2.3.             By Tire Construction Type

6.3.5.2.4.             By Rim Size

6.3.5.2.5.             By Sales Channel

6.3.6.     United Kingdom Tire Market Outlook

6.3.6.1.         Market Size & Forecast

6.3.6.1.1.             By Value & Volume

6.3.6.2.         Market Share & Forecast

6.3.6.2.1.             By Vehicle Type

6.3.6.2.2.             By Demand Category

6.3.6.2.3.             By Tire Construction Type

6.3.6.2.4.             By Rim Size

6.3.6.2.5.             By Sales Channel

6.3.7.     Poland Tire Market Outlook

6.3.7.1.         Market Size & Forecast

6.3.7.1.1.             By Value & Volume

6.3.7.2.         Market Share & Forecast

6.3.7.2.1.             By Vehicle Type

6.3.7.2.2.             By Demand Category

6.3.7.2.3.             By Tire Construction Type

6.3.7.2.4.             By Rim Size

6.3.7.2.5.             By Sales Channel

6.3.8.     Netherland Tire Market Outlook

6.3.8.1.         Market Size & Forecast

6.3.8.1.1.             By Value & Volume

6.3.8.2.         Market Share & Forecast

6.3.8.2.1.             By Vehicle Type

6.3.8.2.2.             By Demand Category

6.3.8.2.3.             By Tire Construction Type

6.3.8.2.4.             By Rim Size

6.3.8.2.5.             By Sales Channel

6.3.9.     Belgium Tire Market Outlook

6.3.9.1.         Market Size & Forecast

6.3.9.1.1.             By Value & Volume

6.3.9.2.         Market Share & Forecast

6.3.9.2.1.             By Vehicle Type

6.3.9.2.2.             By Demand Category

6.3.9.2.3.             By Tire Construction Type

6.3.9.2.4.             By Rim Size

6.3.9.2.5.             By Sales Channel

6.3.10.  Slovakia Tire Market Outlook

6.3.10.1.      Market Size & Forecast

6.3.10.1.1.           By Value & Volume

6.3.10.2.      Market Share & Forecast

6.3.10.2.1.           By Vehicle Type

6.3.10.2.2.           By Demand Category

6.3.10.2.3.           By Tire Construction Type

6.3.10.2.4.           By Rim Size

6.3.10.2.5.           By Sales Channel

6.3.11.  Hungary Tire Market Outlook

6.3.11.1.      Market Size & Forecast

6.3.11.1.1.           By Value & Volume

6.3.11.2.      Market Share & Forecast

6.3.11.2.1.           By Vehicle Type

6.3.11.2.2.           By Demand Category

6.3.11.2.3.           By Tire Construction Type

6.3.11.2.4.           By Rim Size

6.3.11.2.5.           By Sales Channel

6.3.12.  Romania Tire Market Outlook

6.3.12.1.      Market Size & Forecast

6.3.12.1.1.           By Value & Volume

6.3.12.2.      Market Share & Forecast

6.3.12.2.1.           By Vehicle Type

6.3.12.2.2.           By Demand Category

6.3.12.2.3.           By Tire Construction Type

6.3.12.2.4.           By Rim Size

6.3.12.2.5.           By Sales Channel

7.    Market Dynamics

7.1.  Drivers

7.2.  Challenges

8.    Market Trends & Developments

9.    Competitive Landscape

9.1.  Compagnie Générale des Établissements Michelin SCA                                             

9.2.  Continental AG                                               

9.3.  Pirelli & C. S.p.A.                                           

9.4.  Bridgestone Europe NV/SA                                         

9.5.  Goodyear Tire & Rubber Company                                         

9.6.  Kumho Tire Europe GmbH

9.7.  Nokian Tyres Plc.

9.8.  Cooper Tire & Rubber Co Europe

9.9.  Yokohama Europe GmbH

9.10.              Hankook Tire & Technology Co.,Ltd.

10. Strategic Recommendations

Figures and Tables

List of Figures

Figure 1:   Europe Tire Market Size, By Value (USD Million) and By Volume (Million Units), 2017-2027F

Figure 2:   Europe Tire Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 3:   Europe Tire Market Share, By Demand Category, By Volume, 2017-2027F

Figure 4:   Europe Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F

Figure 5:   Europe Tire Market Share, By Rim Size, By Volume, 2017-2027F

Figure 6:   Europe Tire Market Share, By Sales Channel, By Volume, 2017-2027F

Figure 7:   Europe Tire Market Share, By Country, By Volume, 2017-2027F

Figure 8:   Europe Tire Market Share, By Company, By Value, 2021

Figure 9:   Europe Tire Market Map, By Vehicle Type, Market Size (Million Units) & Growth Rate (%)

Figure 10:  Germany Tire Market Size, By Value (USD Million) and By Volume (Million Units), 2017-2027F

Figure 11:  Germany Tire Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 12:  Germany Tire Market Share, By Demand Category, By Volume, 2017-2027F

Figure 13:  Germany Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F

Figure 14:  Germany Tire Market Share, By Rim Size, By Volume, 2017-2027F

Figure 15:  Germany Tire Market Share, By Sales Channel, By Volume, 2017-2027F

Figure 16:  Russia Tire Market Size, By Value (USD Million) and By Volume (Million Units), 2017-2027F

Figure 17:  Russia Tire Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 18:  Russia Tire Market Share, By Demand Category, By Volume, 2017-2027F

Figure 19:  Russia Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F

Figure 20:  Russia Tire Market Share, By Rim Size, By Volume, 2017-2027F

Figure 21:  Russia Tire Market Share, By Sales Channel, By Volume, 2017-2027F

Figure 22:  France Tire Market Size, By Value (USD Million) and By Volume (Million Units), 2017-2027F

Figure 23:  France Tire Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 24:  France Tire Market Share, By Demand Category, By Volume, 2017-2027F

Figure 25:  France Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F

Figure 26:  France Tire Market Share, By Rim Size, By Volume, 2017-2027F

Figure 27:  France Tire Market Share, By Sales Channel, By Volume, 2017-2027F

Figure 28:  Spain Tire Market Size, By Value (USD Million) and By Volume (Million Units), 2017-2027F

Figure 29:  Spain Tire Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 30:  Spain Tire Market Share, By Demand Category, By Volume, 2017-2027F

Figure 31:  Spain Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F

Figure 32:  Spain Tire Market Share, By Rim Size, By Volume, 2017-2027F

Figure 33:  Spain Tire Market Share, By Sales Channel, By Volume, 2017-2027F

Figure 34:  Italy Tire Market Size, By Value (USD Million) and By Volume (Million Units), 2017-2027F

Figure 35:  Italy Tire Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 36:  Italy Tire Market Share, By Demand Category, By Volume, 2017-2027F

Figure 37:  Italy Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F

Figure 38:  Italy Tire Market Share, By Rim Size, By Volume, 2017-2027F

Figure 39:  Italy Tire Market Share, By Sales Channel, By Volume, 2017-2027F

Figure 40:  United Kingdom Tire Market Size, By Value (USD Million) and By Volume (Million Units), 2017-2027F

Figure 41:  United Kingdom Tire Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 42:  United Kingdom Tire Market Share, By Demand Category, By Volume, 2017-2027F

Figure 43:  United Kingdom Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F

Figure 44:  United Kingdom Tire Market Share, By Rim Size, By Volume, 2017-2027F

Figure 45:  United Kingdom Tire Market Share, By Sales Channel, By Volume, 2017-2027F

Figure 46:  Poland Tire Market Size, By Value (USD Million) and By Volume (Million Units), 2017-2027F

Figure 47:  Poland Tire Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 48:  Poland Tire Market Share, By Demand Category, By Volume, 2017-2027F

Figure 49:  Poland Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F

Figure 50:  Poland Tire Market Share, By Rim Size, By Volume, 2017-2027F

Figure 51:  Poland Tire Market Share, By Sales Channel, By Volume, 2017-2027F

Figure 52:  Netherland Tire Market Size, By Value (USD Million) and By Volume (Million Units), 2017-2027F

Figure 53:  Netherland Tire Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 54:  Netherland Tire Market Share, By Demand Category, By Volume, 2017-2027F

Figure 55:  Netherland Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F

Figure 56:  Netherland Tire Market Share, By Rim Size, By Volume, 2017-2027F

Figure 57:  Netherland Tire Market Share, By Sales Channel, By Volume, 2017-2027F

Figure 58:  Belgium Tire Market Size, By Value (USD Million) and By Volume (Million Units), 2017-2027F

Figure 59:  Belgium Tire Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 60:  Belgium Tire Market Share, By Demand Category, By Volume, 2017-2027F

Figure 61:  Belgium Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F

Figure 62:  Belgium Tire Market Share, By Rim Size, By Volume, 2017-2027F

Figure 63:  Belgium Tire Market Share, By Sales Channel, By Volume, 2017-2027F

Figure 64:  Slovakia Tire Market Size, By Value (USD Million) and By Volume (Million Units), 2017-2027F

Figure 65:  Slovakia Tire Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 66:  Slovakia Tire Market Share, By Demand Category, By Volume, 2017-2027F

Figure 67:  Slovakia Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F

Figure 68:  Slovakia Tire Market Share, By Rim Size, By Volume, 2017-2027F

Figure 69:  Slovakia Tire Market Share, By Sales Channel, By Volume, 2017-2027F

Figure 70:  Hungary Tire Market Size, By Value (USD Million) and By Volume (Million Units), 2017-2027F

Figure 71:  Hungary Tire Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 72:  Hungary Tire Market Share, By Demand Category, By Volume, 2017-2027F

Figure 73:  Hungary Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F

Figure 74:  Hungary Tire Market Share, By Rim Size, By Volume, 2017-2027F

Figure 75:  Hungary Tire Market Share, By Sales Channel, By Volume, 2017-2027F

Figure 76:  Romania Tire Market Size, By Value (USD Million) and By Volume (Million Units), 2017-2027F

Figure 77:  Romania Tire Market Share, By Vehicle Type, By Volume, 2017-2027F

Figure 78:  Romania Tire Market Share, By Demand Category, By Volume, 2017-2027F

Figure 79:  Romania Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F

Figure 80:  Romania Tire Market Share, By Rim Size, By Volume, 2017-2027F

Figure 81:         Romania Tire Market Share, By Sales Channel, By Volume, 2017-2027F

Frequently asked questions

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Owing to decreased usage of tires in passenger cars and two-wheelers for daily commutation, as well as closure of manufacturing plants, showrooms, and halt at imports and exports, the market witnessed a decline of around -14.69% in the year 2020 by volume. However, with economy and travel stabalizing thereafter, tire market has been witnessed to be recovering at a robust pace and is set to overcome by 2023-2024 period.

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Owing to the increasing mechanization in agriculture, as well as mining activities and material handling, the demand of tires for these vehicles are susceptible to advance in the forecast years.

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Compagnie Générale des Établissements Michelin SCA, Continental AG, Pirelli & C. S.p.A., Bridgestone Europe NV/SA, and Goodyear Tire & Rubber, Kumho Tire Europe GmbH, Nokian Tyres plc., Cooper Tire & Rubber Co Europe, Yokohama Europe GmbH, Hankook Tire & Technology Co.,Ltd. are the top 10 players in the Europe tire market.

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Few of the key trends witnessed in the Europe tire maket include adoption of green tires, booming investments by tire manufacturers in Europe, growth in e-commerce platform, etc.

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Sakshi Bajaal

Principal Consultant
Press Release

Europe Tire Market to Grow at a CAGR of 3.84% During the Forecast Period

Mar, 2022

Rising demand of tires from increasing production and expanding fleet of the region will drive the Europe tire market in the forecast period, 2022-2027.

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