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Europe Tyre (Tire) Market & Volume by New Vehicle, Replacement, Region, Company Analysis, Forecast – Renub Research

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Europe Tyre (Tire) Market & Volume by New Vehicle, Replacement, Region, Company Analysis, Forecast – Renub Research

June 02
20:00 2021
Europe Tyre (Tire) Market & Volume by New Vehicle, Replacement, Region, Company Analysis, Forecast - Renub Research

As per our research, Tire Market in Europe is poised to grow at a healthy CAGR of approximately 6.65% during 2020-2026.
Europe Tire Market is projected to be valued at US$ 67.73 Billion by 2026. Forecast by New Vehicle, Replacement (Consumer, Truck & Bus, Agriculture, Motor Cycle), Region, Company Analysis.

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.

Request a Free Sample Copy of the Report: https://www.renub.com/request-sample-page.php?gturl=europe-tire-market-p.php

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

Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/europe-tire-market-p.php

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

Company Insights:

1. Bridgestone Europe NV/SA
2. Michelin
3. Continental AG
4. Sumitomo Rubber Industries Ltd.
5. Yokohama Rubber Co. Ltd.

Industry Related Opportunity:

Autonomous Vehicles Market: https://www.renub.com/autonomous-vehicles-market-p.php

United States Used Car Market: https://www.renub.com/united-states-used-car-market-p.php

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Our core team is comprised of experienced people holding graduate, postgraduate and PhD degrees in Finance, Marketing, Human Resource, Bio-Technology, Medicine, Information Technology, Environmental Science and many more. Our research helps to make business decisions: on strategy, organization, operations, technology, mergers & acquisitions etc. We support many blue chip companies by providing them with findings and perspectives across a wide range of markets. Our research reports offer a blend of information insight, analysis and forecasting that is essential in today’s ultra-competitive markets.

Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +91–120–421–9822 (IND)
Email: info[at]renub[dot]com
Web: https://www.renub.com
Follow on Linkedin: https://www.linkedin.com/company/renub-research

Media Contact
Company Name: Renub Research
Contact Person: Rajat Gupta
Email: Send Email
Phone: 16783020700
Address:Roswell, GA 30076
City: Roswell
State: GA
Country: United States
Website: www.renub.com/logistics-and-automotive-31-c.php


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