Slovakia Tire Aftermarket, Tire Replacement Market Forecast 2022-2028
KEY FINDINGS
The Slovakia tire aftermarket, tire replacement market is predicted to record a 6.66% CAGR during the forecasting years, 2022-2028. The robust automotive industry, significant investments in the automobile industry, and innovative manufacturing technologies drive market growth in the country.
MARKET INSIGHTS
A tire constitutes a rubber component used to cover vehicle wheel rims externally. Tires provide a flexible cushion, absorbing the vehicle’s shock by lessening the impact of vibrations. The components of rubber tires are jointless cap heaps, tread, beads, etc. In Slovakia, with the intensifying competition among tire manufacturers and the rise in automotive sales and production across various vehicle segments, the demand for tire aftermarket replacement is anticipated to accelerate rapidly. In addition, the cutting-edge technologies employed in manufacturing processes are projected to propel the expansion of Slovakia’s automobile tire industry.
Furthermore, the sale of vehicles in Slovakia is expected to boost the tire replacement market in Slovakia. According to data provided by the European Automobile Manufacturers Association (ACEA), registrations of new commercial vehicles in Slovakia increased by 31% in the first nine months of 2021. Also, registrations of new light commercial vehicles have surged by 28% in the same period. In addition, new registrations of medium and heavy commercial vehicles increased by 46% annually. The rise in the sale of vehicles is expected to boost the tire replacement market in the country.
COMPETITIVE INSIGHTS
Key players operating in the market are Pirelli & C SpA, Michelin, Bridgestone Corporation, 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-slovakia
- 2.1. Market Size & Estimates
- 2.2. Country Snapshot
- 2.3. Country Analysis
- 2.4. Key Growth Enablers
- 2.5. Key Challenges
- 3. Key Analytics
- 3.1. Impact Of Covid-19 On Tire Aftermarket, Tire Replacement Market
- 3.2. Key Market Trends
- 3.3. Porter’s Five Forces Analysis
- 3.3.1. Buyers Power
- 3.3.2. Suppliers Power
- 3.3.3. Substitution
- 3.3.4. New Entrants
- 3.3.5. Industry Rivalry
- 3.4. Opportunity Matrix
- 3.5. Pestle Analysis
- 3.5.1. Political
- 3.5.2. Economical
- 3.5.3. Social
- 3.5.4. Technological
- 3.5.5. Legal
- 3.5.6. Environmental
- 4. Market By Tire Type
- 4.1. Radial Tire
- 4.2. Bias Tire
- 5. Market By Rim Size
- 5.1. 13-15 Inches
- 5.2. 16-18 Inches
- 5.3. 19-21 Inches
- 5.4. More Than 21 Inches
- 6. Market By Distribution Channel
- 6.1. Original Equipment Supplier
- 6.2. Independent Aftermarket
- 7. Competitive Landscape
- 7.1. Key Strategic Developments
- 7.1.1. Acquisitions
- 7.1.2. Product Launches
- 7.1.3. Business Expansions
- 7.2. Company Profiles
- 7.2.1. Bridgestone Corporation
- 7.2.2. Continental Ag
- 7.2.3. Goodyear Tires
- 7.2.4. Michelin
- 7.2.5. Pirelli & C Spa
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