• Resources
  • Blog
  • Journalists
  • Log In
  • Sign Up
  • Data Privacy
  • Send a Release
Cision PR Newswire: news distribution, targeting and monitoring home
  • News
  • Products
    • Overview
    • Distribution by PR Newswire
    • Cision Communications Cloud®
    • Cision IR
    • Sponsored Placement
    • All Products
  • Contact
    • General Inquiries
    • Request a Demo
    • Editorial Bureaus
    • Partnerships
    • Media Inquiries
    • Worldwide Offices

 

When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • All Public Company
      • English-only
      • News Releases Overview

      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
      • Multimedia Gallery Overview

      • Trending Topics

      • All Trending Topics
  • Business & Money
      • Auto & Transportation

      • All Automotive & Transportation
      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • Auto & Transportation Overview

      • View All Auto & Transportation

      • Business Technology

      • All Business Technology
      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • Business Technology Overview

      • View All Business Technology

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Financial Services & Investing

      • All Financial Services & Investing
      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • Financial Services & Investing Overview

      • View All Financial Services & Investing

      • General Business

      • All General Business
      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • General Business Overview

      • View All General Business

  • Science & Tech
      • Consumer Technology

      • All Consumer Technology
      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • Consumer Technology Overview

      • View All Consumer Technology

      • Energy & Natural Resources

      • All Energy
      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • Energy & Natural Resources Overview

      • View All Energy & Natural Resources

      • Environ­ment

      • All Environ­ment
      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • Environ­ment Overview

      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • All Heavy Industry & Manufacturing
      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • Heavy Industry & Manufacturing Overview

      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • All Telecomm­unications
      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • Telecomm­unications Overview

      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • All Consumer Products & Retail
      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • Consumer Products & Retail Overview

      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • All Entertain­ment & Media
      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • Entertain­ment & Media Overview

      • View All Entertain­ment & Media

      • Health

      • All Health
      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • Health Overview

      • View All Health

      • Sports

      • All Sports
      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • Sports Overview

      • View All Sports

      • Travel

      • All Travel
      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • Travel Overview

      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • All Policy & Public Interest
      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • Policy & Public Interest Overview

      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • All People & Culture
      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • People & Culture Overview

      • View All People & Culture

      • In-Language News

      • español
      • português
      • Česko
      • Danmark
      • Deutschland
      • España
      • France
      • Italia
      • Nederland
      • Norge
      • Polska
      • Portugal
      • Россия
      • Slovensko
      • Suomi
      • Sverige
  • Overview
  • Distribution by PR Newswire
  • Cision Communications Cloud®
  • Cision IR
  • Sponsored Placement
  • All Products
  • General Inquiries
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices
  • PR Newswire: news distribution, targeting and monitoring
  • Send a Release
    • ALL CONTACT INFO
    • Contact Us

      888-776-0942
      from 8 AM - 10 PM ET

  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
    • Trending Topics
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR
  • Overview
  • Distribution by PR Newswire
  • Cision Communications Cloud®
  • Cision IR
  • All Products
  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR
  • General Inquiries
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices
  • Send a Release
  • Sign Up
  • Log In
  • Resources
  • Blog
  • Journalists
  • RSS
  • GDPR

Europe Tire Market Forecast & Opportunities, 2021: TechSci Research Report


News provided by

TechSci Research

Aug 31, 2016, 11:30 ET

Share this article

Share this article


NEW YORK, August 31, 2016 /PRNewswire/ --

With more than 90 tire manufacturing facilities, 16 research and development centres and 12 leading tire manufacturers currently operational in Europe, the region continues to be the epicentre of all the major global advancements in tire technology. European tire market is directly dependent on the Europe automobile sector, which witnessed sluggish growth during 2011-15. Eurozone crisis is the major factor which has resulted in weak demand for tires across the Europe region.

New Age TechSci Research Logo (PRNewsFoto/New Age TechSci Research)
New Age TechSci Research Logo (PRNewsFoto/New Age TechSci Research)

     (Logo: http://photos.prnewswire.com/prnh/20140117/663730 )

Europe Tire Market: Outlook 

Europe tire market is underpinned by several micro and macro-economic factors which impact the automobile industry. During 2011-15, both automobile production and sales grew at sluggish pace. Key reasons for the weak demand can be attributed to Eurozone crisis which weakened the European economy. Eurozone crisis and poor economic situation led to stagnant tire market in Europe during the period.

However, post 2013 Europe witnessed a substantial comeback from the economic crisis. Increasing urbanization and consistent growth in infrastructure development led to increase in sale of automobiles and subsequently lead to larger automobile fleet size. Automobile production and sales in Europe are expected to recover during the forecast period, on the back of anticipated economic recovery and infrastructure development. On account of this, the demand for tires in OEM and replacement market is expected to grow during the forecast period.

In 2015, the Europe tire market was dominated by Germany, United Kingdom, France, and Spain. These countries accounted for a cumulative market share of more than 50% in volume terms. It is forecast that Germany, United Kingdom, France, and Spain would continue to dominated the Europe tire market over the next five years owing to expected increase in the vehicle production, sales and expand vehicle fleet, which would drive the overall Europe tire market.

Europe Tire Market: Key Drivers 

With constantly increasing automobiles on the European roads, the demand for tires has increased, however, the growth has been marginal over the last few years due to economic slowdown. However, the tire sales are expected to increase during the forecast period. Europe tire market is forecast to recover at a healthy pace over the next couple of years. Further, backed by stabilizing economy, legislative initiatives to foster modernization of car parc, growing per capita income, launch of new car models and increasing consumer base, Europe tire market is forecast to grow at a healthy rate. Moreover, the Europe tire market, which was dominated by the passenger car tire segment in 2015, is anticipated to continue its dominance during the forecast period as well.

However, it is forecast that commercial vehicle tire market will also grow at a healthy rate due to an anticipated surge in the construction activities in Europe, especially Eastern Europe, until 2021.

Europe Tire Market: Segment Wise Outlook

The report is divided into five major segments: Passenger Cars tires, Light Commercial Vehicles tires, Medium & Heavy Commercial Vehicles tires, Two-Wheelers tires and Off-the-Road Vehicles tires. For each stated segment, the market size is closely estimated and future forecasts have been given. In 2015, the Europe tire market was dominated by the passenger car tire segment, which captured major share in overall Europe tire market. Growing per capita income and anticipated increase in the launch of new models are few of the key factors to drive the demand for passenger car tires over the next five years.

Europe Tire Market: Segmentation 

Europe Tire Market can be segmented on the basis of vehicle type.

Based on the Vehicle Type, Europe Tire Market is divided into the following segments: 

  • Passenger Cars (PC) Tires
  • Light Commercial Vehicles (LCV) Tires
  • Medium & Heavy Commercial Vehicles (M&HCV) Tires
  • Two-Wheelers (2W) Tires
  • Off-The-Road (OTR) Vehicles Tires

Based on the Country, Europe Tire Market is divided into the following Countries: 

  • Germany
  • United Kingdom
  • France
  • Spain
  • Poland
  • Netherlands
  • Belgium
  • Slovakia
  • Hungary
  • Romania`
  • Slovenia
  • Rest of Europe

Europe Tire Market: Key Players 

  • Key players in the Europe Tire market include Michelin, Continental, Goodyear, Bridgestone, Pirelli, Nokian, Hankook, etc.
  • Information on these key players is covered in the Europe Tire market report. The report provides detailed company profiles with key segments including business segments, product offerings, and facts and figures along with the historical data and operating history of the company.

Why You Should Buy This Report? 

  • To gain an in-depth understanding of the Europe Tire market
  • To identify the on-going trends and anticipated growth over next five years
  • To help industry consultants and automobile manufacturers, to align their market strategies
  • To obtain research-based business decisions and add weight to presentations and marketing material
  • To gain competitive knowledge of leading market players
  • To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer's specific needs

The report is an outcome of in-depth primary and secondary research by industry experts. This market research report is a strategic guide to industry players catering to the tire market of Europe. The key trends and growth drivers, challenges, etc. have been taken into consideration before devising the market size and market share of the the Europe Tire market. The report discusses in detail about the reasoning behind current market growth as well as historical market size and analysis, along with the forecast market size and key reasons for the same for overall as well as various segments of the report.

Report Highlights: 

  • Europe Tire Market Size, Share & Forecast
  • Country Analysis
  • Segmental Analysis - By vehicle Type, By Offline Vs Online Sales, By Radial Vs. Bias, By Country, By Demand Category and By Company
  • Market Attractiveness Index
  • Market Dynamics
  • Changing Market Trends & Emerging Opportunities
  • Competitive Landscape & Strategic Recommendations

Key Questions This Study Will Answer 

  • What are the key drivers which will drive the market to next level?
  • Which are the demand generating regions and how these regions will grow in the coming years?
  • Who all are the key players in the tire market of the Europe? What is the market share of key players in the Europe tire market and how market share dynamics will change in the coming years?
  • What are the market shares of passenger cars tires, light commercial vehicles tires, medium & heavy commercial vehicles tires, two-wheelers tires and off-the-road vehicles tires?
  • Which are the Countries with major dominance of the Europe tire market?

About TechSci Research 

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

Contact 

Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York - 10017
Tel: +1-646-360-1656
Email: [email protected]

Connect with us on Twitter - https://twitter.com/TechSciResearch
Connect with us on LinkedIn - https://www.linkedin.com/company/techsci-research

SOURCE TechSci Research

Modal title

Contact Cision

  • Cision Distribution 888-776-0942
    from 8 AM - 9 PM ET

  • Chat with an Expert
  • General Inquiries
  • Request a Demo
  • Editorial Bureaus
  • Partnerships
  • Media Inquiries
  • Worldwide Offices

Products

  • Cision Communication Cloud®
  • For Marketers
  • For Public Relations
  • For IR & Compliance
  • For Agency
  • For Small Business
  • All Products

About

  • About PR Newswire
  • About Cision
  • Become a Publishing Partner
  • Become a Channel Partner
  • Careers
  • COVID-19 Resources
  • Accessibility Statement
  • Asia
  • Brazil
  • Canada
  • Czech
  • Denmark
  • Finland
  • France
  • Germany
  • India
  • Israel
  • Italy
  • Mexico
  • Middle East
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • Russia
  • Slovakia
  • Spain
  • Sweden
  • United Kingdom

My Services

  • All New Releases
  • Online Member Center
  • ProfNet

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Terms of Use
  • Privacy Policy
  • Information Security Policy
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2022 Cision US Inc.