United Kingdom Tire Market By Vehicle Type (Passenger Car Tires, Light Commercial Vehicle Tires, Medium and Heavy Commercial Vehicle Tires, Off-The-Road (OTR) Tires, Two-Wheeler Tires), By Design (Radial, Bias), By Rim Size (Less than 15 inches, 15-20 inch, More than 20 inch), By End Use (OEM, Replacement), By Region, Forecast & Opportunities, 2025

United Kingdom tire market was valued USD 2.66 Billion in 2019 and is projected to be valued USD 3.53 by 2025 owing to increasing demand and production of both commercial and passenger vehicles in the country. One of the key factors accelerating the demand for tires in United Kingdom is growth in electric vehicles market owing to the strict emission laws and subsidies being provided by the government. This in turn, is creating high demand for tires from electric vehicle manufacturers. Moreover, expanding vehicle fleet size and spike in sales of passenger vehicles are some other major factors fueling the growth of tire market in United Kingdom.

The various functions performed by tires such as transmitting accelerating and braking force to the ground, supporting the weight of a vehicle, absorbing shock from the road surface and changing or maintaining direction, makes them a key component of automobiles. Manufacturers are introducing advanced products like ecological, flat-run and nitrogen-based tires, that are environment-friendly.

The global pandemic, COVID-19 has put challenge before manufacturers as some of the key inputs which are required to manufacture tires, are imported from China. And the spread of coronavirus is anticipated to disrupt the supply chain but increased demand for automobiles is projected to drive the market through 2025.

The United Kingdom tire market is categorized based on vehicle type, design, rim size, end use and region. Based on vehicle type, the market is categorized into passenger car tires, light commercial vehicle tires, medium and heavy commercial vehicle tires, Off-The-Road (OTR) tires and two-wheeler tires. Among these, passenger car tires segment held the largest market share in 2019 and is further expected to undergo high growth during the forecast period owing to rise in number of passenger car vehicle registration in the country.

Major players operating in the United Kingdom tire market include Michelin Tyre plc, Pirelli UK Tyres Ltd, Cooper Tire & Rubber Co Europe Ltd, Goodyear Dunlop Tyres UK Ltd, Continental Tyre Group Ltd., Bridgestone United Kingdom Limited, Hankook Tyre UK Limited, Kumho Tyre UK Limited, Toyo Tires (UK) Limited and Yokohama HPT Limited, among others. Some of the key growth strategies being adopted by leading manufacturers are mergers, acquisitions 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 estimate the market size of United Kingdom tire market from 2015 to 2018.
• To estimate and forecast the market size of United Kingdom tire market from 2019 to 2025 and growth rate until 2025.
• to classify and forecast United Kingdom tire market based on vehicle type, design, rim size, end use, company and regional distribution.
• To identify dominant region or segment in the United Kingdom tire market.
• To identify drivers and challenges for United Kingdom tire market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United Kingdom tire market.
• To conduct pricing analysis for United Kingdom tire market.
• To identify and analyze the profile of leading players operating in United Kingdom tire market.
• To identify key sustainable strategies adopted by market players in United Kingdom ire market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of tire manufacturers across United Kingdom. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers who could not be identified due to the limitations of secondary research. TechSci Research analyzed the materials used in manufacturing tire, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of United Kingdom tire market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Tire manufacturers, suppliers, distributors and other stakeholders
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to tire
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as tire manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

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

• United Kingdom Tire Market, By Vehicle Type:
• Passenger Car Tires
• Light Commercial Vehicle Tires
• Medium and Heavy Commercial Vehicle Tires
• Off-The-Road (OTR) Tires
• Two-Wheeler Tires
• United Kingdom Tire Market, By Design:
• Radial
• Bias
• United Kingdom Tire Market, By Rim Size:
• Less than 15 inches
• 15-20 inch
• More than 20 inch
• United Kingdom Tire Market, By End Use:
• OEM
• Replacement
• United Kingdom Tire Market, By Region:
• Wales
• England
• Scotland
• Northern Ireland

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in United Kingdom 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).

Profit Margin Analysis

Profit margin analysis in case of direct and indirect sales channel.