Europe Tyre (Tire) Market & Volume by New Vehicle, Replacement, Region, Company Analysis, Forecast
The automotive market in Europe is one of the largest markets globally. The region is home to many global automobile part manufacturers. Consequently, owing to the growth of the automotive industry and the high tire replacement rate in Europe has fostered the development of the tyre market. Further, in the coming years, the tyre market in the region is proposed to register remarkable growth due to the influence of new technologies, such as electric and autonomous vehicles, an extension of tariff wars between the European countries. The changing preferences of younger generation consumers coupled with solid domestic production also tend to boom the market. According to Renub Research, Europe Tire Market is projected to be valued at US$ 67.73 Billion by 2026.
In the region, the United Kingdom and Germany have farms with more than 1,000 hectares, on mediocre, comprising 20% of the used farming area in the country. On the converse, in countries such as the Netherlands and Finland, the average size of a farm is 150 hectares. Therefore, the demand for replacement tyres is more in countries such as Germany, the United Kingdom, and France. Farm consolidation necessitates fertilizing and planting machinery to obtain sufficient and proper fertilizing of the crops in larger land structures, thereby facilitating the demand for agricultural tyres. In 2020, the European Tyre Industry was valued at US$ 46.02 Billion.
Additionally, in Europe, the high consumer living standards sustained by their increasing per capita investments in a new vehicle (Car, LCV, MCV, HCV) have driven the demand for advanced and premium-quality tyres. Besides, the growing disposable income levels of the European middle-class population have significantly enhanced the need for crossover utility vehicles (CUVs) and sport utility vehicles (SUVs), whereby catalyzing the growth of the customer replacement tyre market. As per our research, Tire Market in Europe is poised to grow at a healthy CAGR of approximately 6.65% during 2020-2026.
The major players operating in the European tyre market include Bridgestone Europe NV/SA, Michelin, Continental AG, Sumitomo Rubber Industries Ltd., And Yokohama Rubber Co. Ltd. Furthermore, the major companies are also forming advanced technologies to stay relevant in the market. Other competitive strategies include mergers & acquisitions.
COVID-19 impact on Europe Tyre Market:
The region witnessed a sharp decline across both the new vehicle and the replacement sector due to the COVID 19 outbreak. As a consequence, the market is expected to see a considerable drop in 2020. From 2021 onwards, however, the market is expected to regain its growth over time.
Renub Research report titled “Europe Tyre (Tire) Market & Volume by New Vehicle (Passenger Car, Light Commercial Vehicle, Medium Commercial Vehicle, Heavy Commercial Vehicle), Replacement (Consumer, Truck & Bus, Agriculture, Motor Cycle), Region (Poland, Germany, Spain, France, United Kingdom, Italy, Netherlands, Turkey, Czech Republic, Austria, Greece), Company Analysis (Bridgestone Europe NV/SA, Michelin, Continental AG, Sumitomo Rubber Industries Ltd, Yokohama Rubber Co. Ltd.)' provides a detailed analysis of European Tire Market
New Vehicle - Tyre Market & Volume Analysis has been covered from 4 viewpoints:
1. Passenger Car
2. Light Commercial Vehicle
3. Medium Commercial Vehicle
4. Heavy Commercial Vehicle
Replacement - Tire Market & Volume Analysis has been covered from 4 viewpoints:
1. Consumer Replacement Tyre (Car, SUVs and LCV)
2. Truck & Bus Replacement Tyre
3. Agriculture Replacement Tyre
4. Motor Cycle Replacement Tyre
Consumer Replacement - Tyre (Car, SUVs and LCV) Market & Volume Analysis has been covered from 8 Country:
1. Poland
2. Germany
3. Spain
4. France
5. United Kingdom
6. Italy
7. Netherlands
8. Turkey
Truck & Bus Replacement - Tire Market & Volume Analysis has been covered from 8 Country:
1. Poland
2. Germany
3. Spain
4. France
5. United Kingdom
6. Italy
7. Netherlands
8. Turkey
Agriculture Replacement - Tyre Market & Volume Analysis has been covered from 8 Country:
1. Poland
2. Germany
3. Spain
4. France
5. United Kingdom
6. Italy
7. Czech Republic
8. Austria
Motor Cycle Replacement - Tire Market & Volume Analysis has been covered from 8 Country
1. Poland
2. Germany
3. Spain
4. France
5. United Kingdom
6. Italy
7. Netherlands
8. Greece
All companies have been covered from 3 viewpoints
1. Bridgestone Europe NV/SA
2. Michelin
3. Continental AG
4. Sumitomo Rubber Industries Ltd.
5. Yokohama Rubber Co. Ltd.
In the region, the United Kingdom and Germany have farms with more than 1,000 hectares, on mediocre, comprising 20% of the used farming area in the country. On the converse, in countries such as the Netherlands and Finland, the average size of a farm is 150 hectares. Therefore, the demand for replacement tyres is more in countries such as Germany, the United Kingdom, and France. Farm consolidation necessitates fertilizing and planting machinery to obtain sufficient and proper fertilizing of the crops in larger land structures, thereby facilitating the demand for agricultural tyres. In 2020, the European Tyre Industry was valued at US$ 46.02 Billion.
Additionally, in Europe, the high consumer living standards sustained by their increasing per capita investments in a new vehicle (Car, LCV, MCV, HCV) have driven the demand for advanced and premium-quality tyres. Besides, the growing disposable income levels of the European middle-class population have significantly enhanced the need for crossover utility vehicles (CUVs) and sport utility vehicles (SUVs), whereby catalyzing the growth of the customer replacement tyre market. As per our research, Tire Market in Europe is poised to grow at a healthy CAGR of approximately 6.65% during 2020-2026.
The major players operating in the European tyre market include Bridgestone Europe NV/SA, Michelin, Continental AG, Sumitomo Rubber Industries Ltd., And Yokohama Rubber Co. Ltd. Furthermore, the major companies are also forming advanced technologies to stay relevant in the market. Other competitive strategies include mergers & acquisitions.
COVID-19 impact on Europe Tyre Market:
The region witnessed a sharp decline across both the new vehicle and the replacement sector due to the COVID 19 outbreak. As a consequence, the market is expected to see a considerable drop in 2020. From 2021 onwards, however, the market is expected to regain its growth over time.
Renub Research report titled “Europe Tyre (Tire) Market & Volume by New Vehicle (Passenger Car, Light Commercial Vehicle, Medium Commercial Vehicle, Heavy Commercial Vehicle), Replacement (Consumer, Truck & Bus, Agriculture, Motor Cycle), Region (Poland, Germany, Spain, France, United Kingdom, Italy, Netherlands, Turkey, Czech Republic, Austria, Greece), Company Analysis (Bridgestone Europe NV/SA, Michelin, Continental AG, Sumitomo Rubber Industries Ltd, Yokohama Rubber Co. Ltd.)' provides a detailed analysis of European Tire Market
New Vehicle - Tyre Market & Volume Analysis has been covered from 4 viewpoints:
1. Passenger Car
2. Light Commercial Vehicle
3. Medium Commercial Vehicle
4. Heavy Commercial Vehicle
Replacement - Tire Market & Volume Analysis has been covered from 4 viewpoints:
1. Consumer Replacement Tyre (Car, SUVs and LCV)
2. Truck & Bus Replacement Tyre
3. Agriculture Replacement Tyre
4. Motor Cycle Replacement Tyre
Consumer Replacement - Tyre (Car, SUVs and LCV) Market & Volume Analysis has been covered from 8 Country:
1. Poland
2. Germany
3. Spain
4. France
5. United Kingdom
6. Italy
7. Netherlands
8. Turkey
Truck & Bus Replacement - Tire Market & Volume Analysis has been covered from 8 Country:
1. Poland
2. Germany
3. Spain
4. France
5. United Kingdom
6. Italy
7. Netherlands
8. Turkey
Agriculture Replacement - Tyre Market & Volume Analysis has been covered from 8 Country:
1. Poland
2. Germany
3. Spain
4. France
5. United Kingdom
6. Italy
7. Czech Republic
8. Austria
Motor Cycle Replacement - Tire Market & Volume Analysis has been covered from 8 Country
1. Poland
2. Germany
3. Spain
4. France
5. United Kingdom
6. Italy
7. Netherlands
8. Greece
All companies have been covered from 3 viewpoints
- Overview
- Initiatives & Recent Developments
- Revenue
1. Bridgestone Europe NV/SA
2. Michelin
3. Continental AG
4. Sumitomo Rubber Industries Ltd.
5. Yokohama Rubber Co. Ltd.
1. INTRODUCTION
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Growth Drivers
4.2 Challenges
5. EUROPE TYRE MARKET
6. SEGMENTS – EUROPE TYRE MARKET
6.1 New Vehicle Tyre Analysis
6.1.1 Market
6.1.2 Volume
6.2 Replacement Tyre Analysis (Top 8 Countries)
6.2.1 Market
6.2.2 Volume
6.2.3 Consumer Replacement Tyre
6.2.3.1 Market
6.2.3.2 Volume
6.2.4 Truck & Bus Replacement Tyre
6.2.4.1 Market
6.2.4.2 Volume
6.2.5 Agriculture Replacement Tyre
6.2.5.1 Market
6.2.5.2 Volume
6.2.6 Motor Cycle Replacement Tyre
6.2.6.1 Market
6.2.6.2 Volume
7. SHARE ANALYSIS
7.1 Market Share Analysis
7.1.1 New Vehicle Tyre (Car, LCV, MCV, HCV)
7.1.2 Replacement Tyre by Type (Top 8 Countries)
7.1.2.1 Consumer Replacement Tyre by Countries (Car, SUVs and LCV)
7.1.2.2 Truck & Bus Replacement Tyre by Countries
7.1.2.3 Agriculture Replacement Tyre by Countries
7.1.2.4 Motor Cycle Replacement Tyre by Countries
7.2 Volume Share Analysis
7.2.1 New Vehicle Tyre (Car, LCV, MCV, HCV)
7.2.2 Replacement Tyre by Type (Top 8 Countries)
7.2.2.1 Consumer Replacement Tyre by Countries (Car, SUVs and LCV)
7.2.2.2 Truck & Bus Replacement Tyre by Countries
7.2.2.3 Agriculture Replacement Tyre by Countries
7.2.2.4 Motor Cycle Replacement Tyre by Countries
8. NEW VEHICLE TYRE ANALYSIS
8.1 Passenger Car
8.1.1 Market
8.1.2 Volume
8.2 Light Commercial Vehicle
8.2.1 Market
8.2.2 Volume
8.3 Medium Commercial Vehicle
8.3.1 Market
8.3.2 Volume
8.4 Heavy Commercial Vehicle
8.4.1 Market
8.4.2 Volume
9. POLAND
9.1 Consumer Replacement Tyre (Car, SUVs and LCV)
9.1.1 Market
9.1.2 Volume
9.2 Truck & Bus Replacement Tyre
9.2.1 Market
9.2.2 Volume
9.3 Agriculture Replacement Tyre
9.3.1 Market
9.3.2 Volume
9.4 Motor Cycle Replacement Tyre
9.4.1 Market
9.4.2 Volume
10. GERMANY
10.1 Consumer Replacement Tyre (Car, SUVs and LCV)
10.1.1 Market
10.1.2 Volume
10.2 Truck & Bus Replacement Tyre
10.2.1 Market
10.2.2 Volume
10.3 Agriculture Replacement Tyre
10.3.1 Market
10.3.2 Volume
10.4 Motor Cycle Replacement Tyre
10.4.1 Market
10.4.2 Volume
11. SPAIN
11.1 Consumer Replacement Tyre (Car, SUVs and LCV)
11.1.1 Market
11.1.2 Volume
11.2 Truck & Bus Replacement Tyre
11.2.1 Market
11.2.2 Volume
11.3 Agriculture Replacement Tyre
11.3.1 Market
11.3.2 Volume
11.4 Motor Cycle Replacement Tyre
11.4.1 Market
11.4.2 Volume
12. FRANCE
12.1 Consumer Replacement Tyre (Car, SUVs and LCV)
12.1.1 Market
12.1.2 Volume
12.2 Truck & Bus Replacement Tyre
12.2.1 Market
12.2.2 Volume
12.3 Agriculture Replacement Tyre
12.3.1 Market
12.3.2 Volume
12.4 Motor Cycle Replacement Tyre
12.4.1 Market
12.4.2 Volume
13. UNITED KINGDOM
13.1 Consumer Replacement Tyre (Car, SUVs and LCV)
13.1.1 Market
13.1.2 Volume
13.2 Truck & Bus Replacement Tyre
13.2.1 Market
13.2.2 Volume
13.3 Agriculture Replacement Tyre
13.3.1 Market
13.3.2 Volume
13.4 Motor Cycle Replacement Tyre
13.4.1 Market
13.4.2 Volume
14. ITALY
14.1 Consumer Replacement Tyre (Car, SUVs and LCV)
14.1.1 Market
14.1.2 Volume
14.2 Truck & Bus Replacement Tyre
14.2.1 Market
14.2.2 Volume
14.3 Agriculture Replacement Tyre
14.3.1 Market
14.3.2 Volume
14.4 Motor Cycle Replacement Tyre
14.4.1 Market
14.4.2 Volume
15. NETHERLANDS
15.1 Consumer Replacement Tyre (Car, SUVs and LCV)
15.1.1 Market
15.1.2 Volume
15.2 Truck & Bus Replacement Tyre
15.2.1 Market
15.2.2 Volume
15.3 Motor Cycle Replacement Tyre
15.3.1 Market
15.3.2 Volume
16. TURKEY
16.1 Consumer Replacement Tyre (Car, SUVs and LCV)
16.1.1 Market
16.1.2 Volume
16.2 Truck & Bus Replacement Tyre
16.2.1 Market
16.2.2 Volume
17. CZECH REPUBLIC
17.1 Agriculture Replacement Tyre
17.1.1 Market
17.1.2 Volume
18. AUSTRIA
18.1 Agriculture Replacement Tyre
18.1.1 Market
18.1.2 Volume
19. GREECE
19.1 Motor Cycle Replacement Tyre
19.1.1 Market
19.1.2 Volume
20. COMPANY ANALYSIS
20.1 Bridgestone Europe NV/SA
20.1.1 Overview
20.1.2 Initiatives & Recent Developments
20.1.3 Revenue
20.2 Michelin
20.2.1 Overview
20.2.2 Initiatives & Recent Developments
20.2.3 Revenue
20.3 Continental AG
20.3.1 Overview
20.3.2 Initiatives & Recent Developments
20.3.3 Revenue
20.4 Sumitomo Rubber Industries Ltd.
20.4.1 Overview
20.4.2 Initiatives & Recent Developments
20.4.3 Revenue
20.5 Yokohama Rubber Co. Ltd.
20.5.1 Overview
20.5.2 Initiatives & Recent Developments
20.5.3 Revenue
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Growth Drivers
4.2 Challenges
5. EUROPE TYRE MARKET
6. SEGMENTS – EUROPE TYRE MARKET
6.1 New Vehicle Tyre Analysis
6.1.1 Market
6.1.2 Volume
6.2 Replacement Tyre Analysis (Top 8 Countries)
6.2.1 Market
6.2.2 Volume
6.2.3 Consumer Replacement Tyre
6.2.3.1 Market
6.2.3.2 Volume
6.2.4 Truck & Bus Replacement Tyre
6.2.4.1 Market
6.2.4.2 Volume
6.2.5 Agriculture Replacement Tyre
6.2.5.1 Market
6.2.5.2 Volume
6.2.6 Motor Cycle Replacement Tyre
6.2.6.1 Market
6.2.6.2 Volume
7. SHARE ANALYSIS
7.1 Market Share Analysis
7.1.1 New Vehicle Tyre (Car, LCV, MCV, HCV)
7.1.2 Replacement Tyre by Type (Top 8 Countries)
7.1.2.1 Consumer Replacement Tyre by Countries (Car, SUVs and LCV)
7.1.2.2 Truck & Bus Replacement Tyre by Countries
7.1.2.3 Agriculture Replacement Tyre by Countries
7.1.2.4 Motor Cycle Replacement Tyre by Countries
7.2 Volume Share Analysis
7.2.1 New Vehicle Tyre (Car, LCV, MCV, HCV)
7.2.2 Replacement Tyre by Type (Top 8 Countries)
7.2.2.1 Consumer Replacement Tyre by Countries (Car, SUVs and LCV)
7.2.2.2 Truck & Bus Replacement Tyre by Countries
7.2.2.3 Agriculture Replacement Tyre by Countries
7.2.2.4 Motor Cycle Replacement Tyre by Countries
8. NEW VEHICLE TYRE ANALYSIS
8.1 Passenger Car
8.1.1 Market
8.1.2 Volume
8.2 Light Commercial Vehicle
8.2.1 Market
8.2.2 Volume
8.3 Medium Commercial Vehicle
8.3.1 Market
8.3.2 Volume
8.4 Heavy Commercial Vehicle
8.4.1 Market
8.4.2 Volume
9. POLAND
9.1 Consumer Replacement Tyre (Car, SUVs and LCV)
9.1.1 Market
9.1.2 Volume
9.2 Truck & Bus Replacement Tyre
9.2.1 Market
9.2.2 Volume
9.3 Agriculture Replacement Tyre
9.3.1 Market
9.3.2 Volume
9.4 Motor Cycle Replacement Tyre
9.4.1 Market
9.4.2 Volume
10. GERMANY
10.1 Consumer Replacement Tyre (Car, SUVs and LCV)
10.1.1 Market
10.1.2 Volume
10.2 Truck & Bus Replacement Tyre
10.2.1 Market
10.2.2 Volume
10.3 Agriculture Replacement Tyre
10.3.1 Market
10.3.2 Volume
10.4 Motor Cycle Replacement Tyre
10.4.1 Market
10.4.2 Volume
11. SPAIN
11.1 Consumer Replacement Tyre (Car, SUVs and LCV)
11.1.1 Market
11.1.2 Volume
11.2 Truck & Bus Replacement Tyre
11.2.1 Market
11.2.2 Volume
11.3 Agriculture Replacement Tyre
11.3.1 Market
11.3.2 Volume
11.4 Motor Cycle Replacement Tyre
11.4.1 Market
11.4.2 Volume
12. FRANCE
12.1 Consumer Replacement Tyre (Car, SUVs and LCV)
12.1.1 Market
12.1.2 Volume
12.2 Truck & Bus Replacement Tyre
12.2.1 Market
12.2.2 Volume
12.3 Agriculture Replacement Tyre
12.3.1 Market
12.3.2 Volume
12.4 Motor Cycle Replacement Tyre
12.4.1 Market
12.4.2 Volume
13. UNITED KINGDOM
13.1 Consumer Replacement Tyre (Car, SUVs and LCV)
13.1.1 Market
13.1.2 Volume
13.2 Truck & Bus Replacement Tyre
13.2.1 Market
13.2.2 Volume
13.3 Agriculture Replacement Tyre
13.3.1 Market
13.3.2 Volume
13.4 Motor Cycle Replacement Tyre
13.4.1 Market
13.4.2 Volume
14. ITALY
14.1 Consumer Replacement Tyre (Car, SUVs and LCV)
14.1.1 Market
14.1.2 Volume
14.2 Truck & Bus Replacement Tyre
14.2.1 Market
14.2.2 Volume
14.3 Agriculture Replacement Tyre
14.3.1 Market
14.3.2 Volume
14.4 Motor Cycle Replacement Tyre
14.4.1 Market
14.4.2 Volume
15. NETHERLANDS
15.1 Consumer Replacement Tyre (Car, SUVs and LCV)
15.1.1 Market
15.1.2 Volume
15.2 Truck & Bus Replacement Tyre
15.2.1 Market
15.2.2 Volume
15.3 Motor Cycle Replacement Tyre
15.3.1 Market
15.3.2 Volume
16. TURKEY
16.1 Consumer Replacement Tyre (Car, SUVs and LCV)
16.1.1 Market
16.1.2 Volume
16.2 Truck & Bus Replacement Tyre
16.2.1 Market
16.2.2 Volume
17. CZECH REPUBLIC
17.1 Agriculture Replacement Tyre
17.1.1 Market
17.1.2 Volume
18. AUSTRIA
18.1 Agriculture Replacement Tyre
18.1.1 Market
18.1.2 Volume
19. GREECE
19.1 Motor Cycle Replacement Tyre
19.1.1 Market
19.1.2 Volume
20. COMPANY ANALYSIS
20.1 Bridgestone Europe NV/SA
20.1.1 Overview
20.1.2 Initiatives & Recent Developments
20.1.3 Revenue
20.2 Michelin
20.2.1 Overview
20.2.2 Initiatives & Recent Developments
20.2.3 Revenue
20.3 Continental AG
20.3.1 Overview
20.3.2 Initiatives & Recent Developments
20.3.3 Revenue
20.4 Sumitomo Rubber Industries Ltd.
20.4.1 Overview
20.4.2 Initiatives & Recent Developments
20.4.3 Revenue
20.5 Yokohama Rubber Co. Ltd.
20.5.1 Overview
20.5.2 Initiatives & Recent Developments
20.5.3 Revenue
