Lithuania tire market was valued USD 0.08 Billion in 2019 and is projected to be valued USD 0.11 Billion by 2025 on account of growing vehicle sales, expanding automobile fleet and increasing infrastructure development in the country. Lithuania’s economy is expected to pick up in the coming years on account of lower trade barriers, efficient regulatory mechanism and anticipated increase in investments towards the manufacturing sectors. All these factors are expected to drive the automobile as well as tire market in the country during the forecast period. Moreover, increase in the Foreign Direct Investment (FDI) inflows in the Baltic States by the European Commission is also acting as a major support for the growth of Lithuania tire market.

Lithuania 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 and two-wheeler. Among them, the passenger car tire segment held a major volume share in the country’s tire market in 2019 and the trend is likely to continue until 2025 due to increased passenger car registrations.

Major companies operating in Lithuania tire market are Bridgestone Baltic SIA, Continental Aktiengesellschaft, Pirelli & C. S.p.A., Goodyear Dunlop Tires Baltic OÜ, Hankook Tire Company Ltd., Toyo Tire & Rubber Co., Ltd, Yokohama Denmark A/S, Nokian Tyres plc, Compagnie Générale des Établissements Michelin and Belshina Open Joint Stock Company, among others. Furthermore, key growth strategies being undertaken by leading tire manufacturers operating in Lithuania are product innovation, collaboration, joint ventures and partnerships.

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

 

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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 Lithuania.

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

  • Lithuania 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)

  • Lithuania Tire Market, By Demand Category:
    • OEM
    • Replacement
  • Lithuania Tire Market, By Tire Type:
    • Radial vs Bias
  • Lithuania Tire Market, By Region:
    • Vilnius County
    • Kaunas County
    • Klaipėda County
    • Šiauliai County
    • Panevėžys County

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Lithuania 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 [email protected]

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Lithuania Tire Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Brand Awareness & Recall

5.2.  Brand Satisfaction

5.3.  Challenges & Unmet Needs

6.    Lithuania 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.    Lithuania 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.    Lithuania 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.    Lithuania 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.  Lithuania 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.  Lithuania 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.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Import Export Analysis

14.  Market Trends & Developments

15.  Policy and Regulatory & Landscape

16.  Lithuania Economic Profile

17.  Competitive Landscape

17.1.              Competition Outlook

17.2.              Players Profiled (Leading Companies)

17.2.1.  Bridgestone Baltic SIA

17.2.1.1.      Company Overview

17.2.1.2.      Products & Services

17.2.1.3.      Financials (If available)

17.2.1.4.      Current & Future Strategy

17.2.1.5.      Key Management

17.2.1.6.      Contact Details

17.2.2.  Continental Aktiengesellschaft

17.2.3.  Pirelli & C. S.p.A.

17.2.4.  Goodyear Dunlop Tires Baltic OÜ

17.2.5.  Hankook Tire Company Ltd.

17.2.6.  Toyo Tire & Rubber Co., Ltd

17.2.7.  Yokohama Denmark A/S

17.2.8.  Nokian Tyres plc

17.2.9.  Compagnie Générale des Établissements Michelin

17.2.10.                Belshina Open Joint Stock Company

18.  Strategic Recommendations

19.  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 [email protected]

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    Figure 16: Lithuania Tire Market Supply Chain Model

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    2019E-2025F

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

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

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

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

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

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

     

    List of Tables

     

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

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

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

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

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

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

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

    Table 8: Lithuania 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)