Passenger Cars Hold a Major Market Share in Germany Tire Market

The German tire market is anticipated to grow with a modest CAGR of 2.2% during the forecast period (2020-2026). Passenger cars hold the largest market share in the German tire industry. As per the European Automobile Manufacturers Association, out of the total vehicle fleet of 50.8 million in the country, 47.1 million are passenger cars in 2018. Increasing the average distance of vehicle per year, increasing demand for high-performance tiers, and growth in the passenger car export by the country are some of the major factors driving the growth of the passenger car tire segment. 

Browse the full report description of "Germany 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/germany-tire-market

Light & medium commercial vehicle holds the second largest market share in the country. In 2018, there was a fleet of 2.7 million light commercial vehicles as compared to 946,000 medium and heavy commercial vehicles. The country bus fleet was around 80,000 in 2018, which is also considered in the heavy commercial vehicle. Even with the highest vehicle fleet in Europe, modest growth in the vehicle fleet is registered in the last decade. Similar trends are expected to witness in the near future which will augment Germany’s tire market. 

Market Coverage

• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered- 

o Vehicle Type 

o Road Application 

o Construction 

o Tire Type 

o Sales Channel 

• Countries Covered- 

o Germany

• Competitive Landscape- Bridgestone Corp., Continental AG, Cooper Tire & Rubber Co., Goodyear Tire and Rubber Co., Michelin Group, Pirelli & C. S.p.A.

Key Questions Addressed by the Report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID-19 forecast

o Most affected region

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Germany Tire Market Report Segment

By Vehicle Type

• Passenger Cars 
• Light & Medium Commercial Vehicle 
• Heavy Commercial Vehicle 
• Two-Wheeler
• Other (Construction, Agricultural, Customized Sports)

By Road Application 

• All-Season Tire 
• Summer Tire 
• Winter Tire 
• Other

By Construction

• Radial Tire 
• Bias Ply Tire

By Tire Type

• Tubeless Tire 
• Tubbed Tire 

By Sales Channel 

• OEM 
• Aftermarket 

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