Europe Tire Aftermarket, Tire Replacement Market Forecast 2022-2030
KEY FINDINGS
The Europe tire aftermarket, tire replacement market is estimated to propel with a 4.14% CAGR during the forecast years, 2022-2030. An increase in tire replacement rates due to longer vehicle lifespans and the thriving European automotive sector stimulate market growth in the region.
MARKET INSIGHTS
The Europe tire aftermarket, tire replacement market growth assessment entails a detailed analysis of Italy, Slovakia, United Kingdom, Spain, Germany, Czech Republic, France, and Rest of Europe. The Spanish economy relies heavily on the automotive sector. According to a government report, the automotive sector is one of the largest investors in research and development in Spain, spending an estimated €4 billion annually on plant expansion and modernization.
On the other hand, the automotive sector of France contributes a significant share of its GDP, and many companies, including vehicle makers, component makers, equipment makers, and engine manufacturers, are located in the country. Despite substantial growth in the new car market, the French automobile tire aftermarket industry has gradually developed. Additionally, as internet penetration grows, many e-commerce websites supply tires with enticing bargains and offers, which has had a favorable impact on the country’s tire aftermarket.
In contrast, In Italy, growth in the aftermarket industry has been affected, as automobiles require new components and services to improve performance and economy. Due to booming replacement tire demand and rising car sales, the primary element driving demand for automotive tire aftermarkets in the nation.
COMPETITIVE INSIGHTS
Key companies in the market include Bridgestone Corporation, JK Tyre & Industries, Continental AG, Goodyear Tires, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Estimates
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Key Drivers
- 3.1.1. Greater Requirement For Energy-efficient Tires
- 3.1.2. Stringent Government Regulations Regarding Tire Labeling
- 3.2. Key Restraints
- 3.2.1. Volatile Prices Of Rubber And Other Automotive Raw Materials
- 4. Key Analytics
- 4.1. Impact Of Covid-19 On Tire Aftermarket, Tire Replacement Market
- 4.2. Key Market Trends
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Buyers Power
- 4.3.2. Suppliers Power
- 4.3.3. Substitution
- 4.3.4. New Entrants
- 4.3.5. Industry Rivalry
- 4.4. Opportunity Matrix
- 4.5. Vendor Landscape
- 4.6. Regulatory Framework
- 5. Market By Tire Type
- 5.1. Radial Tire
- 5.2. Bias Tire
- 6. Market By Rim Size
- 6.1. 13-15 Inches
- 6.2. 16-18 Inches
- 6.3. 19-21 Inches
- 6.4. More Than 21 Inches
- 7. Market By Distribution Channel
- 7.1. Original Equipment Supplier
- 7.2. Independent Aftermarket
- 8. Geographical Analysis
- 8.1. Europe
- 8.1.1. Market Size & Estimates
- 8.1.2. Key Growth Enablers
- 8.1.3. Key Challenges
- 8.1.4. Key Players
- 8.1.5. Country Analysis
- 8.1.5.1. United Kingdom
- 8.1.5.2. Germany
- 8.1.5.3. France
- 8.1.5.4. Spain
- 8.1.5.5. Italy
- 8.1.5.6. Slovakia
- 8.1.5.7. Czech Republic
- 8.1.5.8. Rest Of Europe
- 9. Competitive Landscape
- 9.1. Key Strategic Developments
- 9.1.1. Mergers & Acquisitions
- 9.1.2. Product Launches & Developments
- 9.1.3. Partnerships & Agreements
- 9.1.4. Business Expansions & Divestitures
- 9.2. Company Profiles
- 9.2.1. Apollo Tyres
- 9.2.2. Bridgestone Corporation
- 9.2.3. Ceat Limited
- 9.2.4. Continental Ag
- 9.2.5. Goodyear Tires
- 9.2.6. Hankook Tire & Technology Co Ltd
- 9.2.7. Jk Tyre
- 9.2.8. Maxxis
- 9.2.9. Michelin
- 9.2.10. Mrf
- 9.2.11. Nexen Tire Corporation
- 9.2.12. Pirelli & C Spa
- 9.2.13. Sumitomo Rubber Industries Ltd
- 9.2.14. The Yokohama Rubber Company
- 9.2.15. Toyo Tires
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