Greece 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

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.

Greece tire market was valued USD 0.40 Billion in 2019 and is projected to be valued USD 0.49 Billion by 2025 owing to reviving economy of the country as well as favourable government policies. The government of Greece has also introduced a policy initiative in 2009 which was effective till 2014, wherein the government provided an incentive ranging from $670 to $3,740 for individuals scrapping their old vehicles for new ones. This played as a major booster for the country’s tire market after the Eurozone Crisis. Moreover, several bailout packages were also offered to Greece by the European Union and the International Monetary Fund (IMF) which led to better economic condition. With increasing vehicle motorization rate and expanding passenger car fleet, Greece tire market is expected to witness a substantial growth over the next five years.

Greece 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 segment is forecast to dominate Greece tire market over the next five years, owing to increasing purchasing power and rising number of nuclear families in the country.

Region-wise, Northern Greece region accounted for the largest volume share in the country's tire market until 2019 and the same trend is anticipated to continue through 2025 as well.

Major companies operating in Greece tire market are Bridgestone Europe NV/SA, Continental AG, Cooper Tire & Rubber Company, Elastika Michelin A.E, Elastika Pirelli C.S.A., Goodyear Dunlop Tires Hellas SAIC, Hankook Tire Company Ltd., Kumho Tire Italia, Toyo Tire and Rubber Co., Ltd. and Yokohama Rubber Co., Ltd., among others. Moreover, in order to increase their revenue share in Greece tire market, leading tire manufacturers are adopting growth strategies such as new product launches, mergers & acquisitions, collaborations, partnerships 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 Greece tire market.
• To classify and forecast Greece tire market based on vehicle type, demand category, radial vs bias, company and region.
• To identify drivers and challenges for Greece tire market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Greece tire market.
• To identify and analyze the profile of leading players involved in the manufacturing tires in Greece.

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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 Greece.

TechSci Research calculated the market size for Greece 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, Greece tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Greece Tire Market, By Vehicle Type:

• Passenger Car
• Two-Wheeler
• Medium & Heavy Commercial Vehicle
• Light Commercial Vehicle
• Off-The-Road Vehicle (OTR)
• Three-Wheeler

• Greece Tire Market, By Demand Category:
• OEM
• Replacement
• Greece Tire Market, By Tire Type:
• Radial vs Bias
• Greece Tire Market, By Region:
• Northern Greece
• Attica
• Peloponnese
• Central Greece
• Aegean Islands
• Crete
• Ionian Islands

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Greece 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