Europe Tire Market to Observe Prominent CAGR of 5% by 2028

Europe Tire Market to Observe Prominent CAGR of 5% by 2028

A Quick Overview of Europe Tire Market

The key object of this report on the Europe Tire Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the Europe Tire Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

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Europe Tire Market Scenario:

The Europe Tire Market is projected to grow at around 5% CAGR during the forecast period, i.e., 2023-28. The growth of the market would be propelled mainly by the increasing sales of vehicles due to the changing living standards and greater inclination of the people toward private vehicle ownership across Europe, i.e., directly impacting the demand for tires. As car owners across Europe are becoming increasingly aware of the importance of timely tire inspection & replacement to ensure utmost safety & excellent driving experience, more and more tire manufacturers are expanding their production facilities in the region. As a result, the tire industry in Europe is expanding at a rapid pace & generating lucrative prospects for the leading tire makers, thus enhancing the Europe Tire Market size as well.

Europe Tire Market - Industry Dynamics, Size, And Opportunity Forecast To 2028:

Market Driver - Ever-Increasing Demand for Replacement Tires to Cater to the Large Vehicle Fleet

Europe has a massive vehicle fleet, which includes passenger cars, commercial vehicles, and two-wheelers. As the number of these vehicles on the road is increasing, so is the need for replacing their tires, mainly due to their wear & tear over time on account of diverse terrains, climates, & driving conditions. Hence, in order to ensure optimal performance, safety, and fuel efficiency, replacement tires are witnessing huge demand in the region and, consequently, driving the Europe Tire Market.

Europe Tire Market Segmentation Analysis:

Europe Tire Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Type of Vehicle

  • Passenger Car- Market Size & Forecast 2018-2028, Thousand Units
  • Light Commercial Vehicle- Market Size & Forecast 2018-2028, Thousand Units
  • Medium & Heavy Commercial Vehicle- Market Size & Forecast 2018-2028, Thousand Units
  • Two Wheelers- Market Size & Forecast 2018-2028, Thousand Units
  • Off the Road (OTR) Vehicles- Market Size & Forecast 2018-2028, Thousand Units

By Demand Category

  • OEM- Market Size & Forecast 2018-2028, Thousand Units
  • Replacement- Market Size & Forecast 2018-2028, Thousand Units

By Type of Tire

  • Radial- Market Size & Forecast 2018-2028, Thousand Units
  • Bias- Market Size & Forecast 2018-2028, Thousand Units

By Sales Channel

  • Direct Sales- Market Size & Forecast 2018-2028, Thousand Units
  • Multi-Brand Outlets- Market Size & Forecast 2018-2028, Thousand Units
  • Exclusive Outlets- Market Size & Forecast 2018-2028, Thousand Units
  • Online- Market Size & Forecast 2018-2028, Thousand Units

By Season

  • All Season- Market Size & Forecast 2018-2028, Thousand Units
  • Winter- Market Size & Forecast 2018-2028, Thousand Units

By Price Category

  • Budget- Market Size & Forecast 2018-2028, Thousand Units
  • Economy- Market Size & Forecast 2018-2028, Thousand Units
  • Premium- Market Size & Forecast 2018-2028, Thousand Units

By Rim Diameter

  • Up to 12”- Market Size & Forecast 2018-2028, Thousand Units
  • 1” to 15”- Market Size & Forecast 2018-2028, Thousand Units
  • 1” to 18”- Market Size & Forecast 2018-2028, Thousand Units
  • 1” to 20”- Market Size & Forecast 2018-2028, Thousand Units
  • 1” to 26”- Market Size & Forecast 2018-2028, Thousand Units
  • 1to 35”- Market Size & Forecast 2018-2028, Thousand Units
  • 1” to 47”- Market Size & Forecast 2018-2028, Thousand Units
  • Above 47”- Market Size & Forecast 2018-2028, Thousand Units

By Country

  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Poland
  • The Netherlands
  • Romania
  • Belgium
  • Slovakia
  • Finland
  • Norway
  • Sweden
  • Denmark
  • Rest of Europe.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/europe-tire-market.html

Who are the Key Market Players in the Europe Tire Market?

In the fast-changing Europe Tire Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the Europe Tire market ruling the industry are:

List of Key Companies Profiled:

  • Michelin
  • Continental
  • Bridgestone
  • Pirelli
  • Dunlop
  • Hankook
  • Goodyear
  • Nokian
  • Yokohama
  • Cooper Tires
  • Others
  • Kumho
  • Vredestein
  • Toyo
  • Others.

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

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Akio Komatsu

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