The European tire market is anticipated to grow with a modest CAGR of 2.1% during the forecast period (2020-2026). As the vehicle industry witnessed a fall in 2019 as compared to 2018, the tire sales also dropped in the region. As per The European Tyre & Rubber Manufacturers Association (ETRMA), a downfall of 5% in OEM passenger car tires was recorded in 2019 as compared to last year. OEM passenger car tiers sales in 2019 were 85.8 million as compared to 90.5 million in 2018. Whereas the downfall for the aftermarket segment was around 3% only. The aftermarket passenger car registered a sale of 218.7 million in 2019 from 225.2 million in 2018.
Browse the full report description of "Europe Tire Market Size, Share & Trends Analysis Report By Vehicle Type (Passenger Cars, Light & Medium Commercial Vehicle, Heavy Commercial Vehicle, Two-Wheeler and Other), By Road Application (All-Season Tire, Summer Tire, Winter Tire and Other), By Construction (Radial Tire and Bias Ply Tire), By Tire Type (Tubeless Tire and Tubbed Tire), By Sales Channel (OEM and Aftermarket) Forecast Period 2020-2026" at https://www.omrglobal.com/industry-reports/europe-tire-market
Some of the major markets for the tire industry in the region include Germany, UK, France, Italy, Spain, Turkey, Poland, and Finland. The replacement (aftermarket) consumer tires sales were highest in Germany in 2019 followed by France and Italy respectively. Whereas Germany was at the second position after Turkey for the sales of replacement bus & truck tires in 2019.
In the agricultural sector, France has the largest market share followed by Germany and Italy respectively. As the COVID-19 pandemic has created a steep fall in automotive sales, most of the market growth is expected from the replacement (aftermarket) segment in the region.
Market Coverage
o Vehicle Type
o Road Application
o Construction
o Tire Type
o Sales Channel
o Europe (Germany, UK, Italy, Spain, France, and Rest of Europe)
Key Questions Addressed by the Report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region
Europe Tire Market Report Segment
By Vehicle Type
By Road Application
By Construction
By Tire Type
By Sales Channel
Europe Tire Market Report Segment by Geography
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