Hungary tire market was valued USD 0.55 Billion in 2019 and is projected to be valued USD 0.73 Billion by 2025. Key factors propelling the growth of Hungary tire market are increasing domestic tire production, expanding vehicle fleet size and increasing sale of passenger vehicles. The increasing penetration of Chinese tires and growing tire radialization are also boosting the tire market growth in the country. Moreover, the government of Hungary has initiated several infrastructural projects and developments, and this has propelled demand for commercial vehicles. With rise in per capita income and growing demand for winter tires, Hungary tire market is expected to undergo substantial growth during the forecast period.

Additionally, Hungary's favourable geographical location in Central Europe, stable political environment and supportive investment policies make the country an ideal investment destination for automotive companies. The country also offers various economic advantages such as near-zero inflation, low interest rate scenario and favourable government policies for the expansion of agriculture & construction sector. All these factors are anticipated to benefit the country’s automobile industry in coming years, and thereby boost tire demand.

Hungary 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. The country’s tire market is dominated by passenger car segment, which accounted for more than one third of the total tire demand in the country. The segment is further expected to hold more than 93% market share by 2025.

Major companies operating in Hungary tire market are Bridgestone Hungary Kft., Michelin Hungária Abroncsgyártó Kft., Hankook Tire Budapest Kereskedelmi Kft., Continental Hungaria Kft., Apollo Vredestein Kft., Kumho Tire Co., Inc, Goodyear Dunlop Tires Hungary Trading Limited Liability Co., Pirelli Hungary Tyre Trading and Services Ltd, Nokian Tyres P.L.C. and Cooper Tire & Rubber Co., among others. Global companies like Goodyear, Pirelli, Continental and Vredestein, operate through import in Hungary. Leading companies are undergoing production innovation, mergers & acquisitions, collaborations, partnerships and joint ventures in order to strengthen their position in Hungary tire market.

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

 

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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 Hungary.

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

  • Hungary 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

  • Hungary Tire Market, By Demand Category:
    • OEM
    • Replacement
  • Hungary Tire Market, By Tire Type:
    • Radial vs Bias
  • Hungary Tire Market, By Region:
    • Northern Hungary
    • Northern Great Plain
    • Southern Great Plain
    • Central Hungary
    • Central Transdanubia
    • Western Transdanubia
    • Southern Transdanubia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Hungary 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 Hungary Tire Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Brand Awareness & Recall

5.2.  Brand Satisfaction

5.3.  Challenges & Unmet Needs

6.    Hungary 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.    Hungary 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.    Hungary 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.    Hungary 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.  Hungary 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.  Hungary 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.  Hungary 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.  Hungary Economic Profile

18.  Competitive Landscape

18.1.              Competition Outlook

18.2.              Players Profiled (Leading Companies)

18.2.1.  Bridgestone Hungary Kft.

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.  Michelin Hungária Abroncsgyártó Kft.

18.2.3.  Hankook Tire Budapest Kereskedelmi Kft.

18.2.4.  Continental Hungaria Kft.

18.2.5.  Apollo Vredestein Kft.

18.2.6.  Kumho Tire Co., Inc

18.2.7.  Goodyear Dunlop Tires Hungary Trading Limited Liability Co.

18.2.8.  Pirelli Hungary Tyre Trading and Services Ltd

18.2.9.  Nokian Tyres P.L.C.

18.2.10.                Cooper Tire & Rubber Co.

19.  Strategic Recommendations

20.  About Us & Disclaimer

 (Note: The companies list can be customized based on the client requirements.)

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

  • List of Figures

     

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    Figure 16: Hungary Tire Market Supply Chain Model

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    2019E-2025F

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

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

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

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

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

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

     

    List of Tables

     

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

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

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

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

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

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

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

    Table 8: Hungary Import Duties on Tires (Effective Since 2010)

    Table 9: Equivalent Passenger Unit Ratio (EPUs), By Tire Type (Applicable to Tire Importers, Vehicle Manufacturers and Miners)

    Table 10: Equivalent Passenger Unit Ratio (EPUs), By Tire Type (Applicable to Recyclers)