Europe Racing Tires Market Size, Share & Trends Analysis Report By Tire Type (Racing Slick Tires, and Racing Treaded Tires), By Application (Auto Racing Tires, and Motorcycle Racing Tires), By Distribution Channel, By Country and Growth Forecast, 2023 - 2030
The Europe Racing Tires Market would witness market growth of 4.6% CAGR during the forecast period (2023-2030).
The Germany market dominated the Europe Racing Tires Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,271.4 Thousands by 2030. The UK market is exhibiting a CAGR of 3.7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.4% during (2023 - 2030).
In recent years, the adoption landscape has witnessed an intriguing diversification, influenced by the rise of alternative racing formats and the intersection of motorsports with emerging technologies. The electrification of vehicles, epitomized by the growth of electric racing series like Formula E, has introduced a new dimension to the market.
Moreover, electric vehicles (EVs) present unique challenges, requiring tire manufacturers to reevaluate traditional designs and develop solutions that cater to the distinct performance characteristics of electric race cars.
The development of cutting-edge racing cars in the UK necessitates corresponding advancements in tire technology. As per the Government of the United Kingdom, more Grand Prix cars have been made in Britain than in any other country throughout the last 7 decades. Hence, growing racing car events and racing car production in Europe will assist in the growth of the regional racing tires market.
Based on Tire Type, the market is segmented into Racing Slick Tires, and Racing Treaded Tires. Based on Application, the market is segmented into Auto Racing Tires, and Motorcycle Racing Tires. Based on Distribution Channel, the market is segmented into Replacement Tires, and OEMs. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- Bridgestone Corporation
- Continental AG
- Michelin
- Hankook Tire & Technology
- Pirelli & C. S.p.A.
- The Goodyear Tire & Rubber Company
- The Yokohama Rubber Co., Ltd.
- Zhongce Rubber Group Co., Limited
- Nexen Tire
- Maxxis International USA (Cheng Shin Rubber Industry Co.)
By Tire Type
- Racing Slick Tires
- Racing Treaded Tires
- Auto Racing Tires
- Motorcycle Racing Tires
- Replacement Tires
- OEMs
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Racing Tires Market, by Tire Type
- 1.4.2 Europe Racing Tires Market, by Application
- 1.4.3 Europe Racing Tires Market, by Distribution Channel
- 1.4.4 Europe Racing Tires Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Strategies Deployed in Racing Tires Market
- Chapter 5. Europe Racing Tires Market, By Tire Type
- 5.1 Europe Racing Slick Tires Market, By Country
- 5.2 Europe Racing Treaded Tires Market, By Country
- Chapter 6. Europe Racing Tires Market, By Application
- 6.1 Europe Auto Racing Tires Market, By Country
- 6.2 Europe Motorcycle Racing Tires Market, By Country
- Chapter 7. Europe Racing Tires Market, By Distribution Channel
- 7.1 Europe Replacement Tires Market, By Country
- 7.2 Europe OEMs Market, By Country
- Chapter 8. Europe Racing Tires Market, By Country
- 8.1 Germany Racing Tires Market
- 8.1.1 Germany Racing Tires Market, By Tire Type
- 8.1.2 Germany Racing Tires Market, By Application
- 8.1.3 Germany Racing Tires Market, By Distribution Channel
- 8.2 UK Racing Tires Market
- 8.2.1 UK Racing Tires Market, By Tire Type
- 8.2.2 UK Racing Tires Market, By Application
- 8.2.3 UK Racing Tires Market, By Distribution Channel
- 8.3 France Racing Tires Market
- 8.3.1 France Racing Tires Market, By Tire Type
- 8.3.2 France Racing Tires Market, By Application
- 8.3.3 France Racing Tires Market, By Distribution Channel
- 8.4 Russia Racing Tires Market
- 8.4.1 Russia Racing Tires Market, By Tire Type
- 8.4.2 Russia Racing Tires Market, By Application
- 8.4.3 Russia Racing Tires Market, By Distribution Channel
- 8.5 Spain Racing Tires Market
- 8.5.1 Spain Racing Tires Market, By Tire Type
- 8.5.2 Spain Racing Tires Market, By Application
- 8.5.3 Spain Racing Tires Market, By Distribution Channel
- 8.6 Italy Racing Tires Market
- 8.6.1 Italy Racing Tires Market, By Tire Type
- 8.6.2 Italy Racing Tires Market, By Application
- 8.6.3 Italy Racing Tires Market, By Distribution Channel
- 8.7 Rest of Europe Racing Tires Market
- 8.7.1 Rest of Europe Racing Tires Market, By Tire Type
- 8.7.2 Rest of Europe Racing Tires Market, By Application
- 8.7.3 Rest of Europe Racing Tires Market, By Distribution Channel
- Chapter 9. Company Profiles
- 9.1 Bridgestone Corporation
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental Analysis
- 9.1.4 Recent strategies and developments:
- 9.1.4.1 Product Launches and Product Expansions:
- 9.1.5 SWOT Analysis
- 9.2 Continental AG
- 9.2.1 Company Overview
- 9.2.2 Financial Analysis
- 9.2.3 Segmental and Regional Analysis
- 9.2.4 Research & Development Expense
- 9.2.5 Recent strategies and developments:
- 9.2.5.1 Partnerships, Collaborations, and Agreements:
- 9.2.5.2 Product Launches and Product Expansions:
- 9.2.6 SWOT Analysis
- 9.3 Michelin
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 SWOT Analysis
- 9.4 Hankook Tire & Technology
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Regional Analysis
- 9.4.4 Recent strategies and developments:
- 9.4.4.1 Partnerships, Collaborations, and Agreements:
- 9.4.4.2 Acquisition and Mergers:
- 9.4.5 SWOT Analysis
- 9.5 Pirelli & C. S.p.A.
- 9.5.1 Company Overview
- 9.5.2 Financial Analysis
- 9.5.3 Regional Analysis
- 9.5.4 Research & Development Expenses
- 9.5.5 Recent strategies and developments:
- 9.5.5.1 Partnerships, Collaborations, and Agreements:
- 9.5.5.2 Product Launches and Product Expansions:
- 9.5.6 SWOT Analysis
- 9.6 The Goodyear Tire & Rubber Company
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Research & Development Expenses
- 9.6.5 Recent strategies and developments:
- 9.6.5.1 Partnerships, Collaborations, and Agreements:
- 9.6.6 SWOT Analysis
- 9.7 The Yokohama Rubber Co., Ltd.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental Analysis
- 9.7.4 Recent strategies and developments:
- 9.7.4.1 Partnerships, Collaborations, and Agreements:
- 9.7.5 SWOT Analysis
- 9.8 Zhongce Rubber Group Co., Limited
- 9.8.1 Company Overview
- 9.8.2 SWOT Analysis
- 9.9 Nexen Tire
- 9.9.1 Company Overview
- 9.9.2 Financial Analysis
- 9.9.3 SWOT Analysis
- 9.10. Maxxis International–USA (Cheng Shin Rubber Industry Co.)
- 9.10.1 Company Overview
- 9.10.2 SWOT Analysis
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook