Europe Tire (Tyre) Market Growth, Size, Trends, Revenue, Share, Challenges and Future Competition: SPER Market Research

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Published: Jun 2023	Report ID: AMIN23102	Pages: 1 - 156	Formats^*:
Category : Automotive & Transportation

Europe Tire (Tyre) Market Overview

According to SPER Market Research, the Europe Tire (Tyre) Market is estimated to reach USD 0.59 billion by 2033 with a CAGR 3.35%.

Tyres are essential for vehicle performance and safety. They surround the wheels and provide a secure connection to the road. Tyres support the weight of the vehicle, provide traction, and absorb shocks. Their tread patterns boost grip, channel water away, and improve wet-surface driving. Tyres are made of natural and synthetic rubber and have fabric layers, steel belts, and other materials for strength and stability. The outer layer, the tread, provides traction and durability. Tyre care is critical, which includes maintaining proper pressure, monitoring tread depth, and rotating tyres. Neglecting maintenance can have a negative impact on handling, fuel efficiency, and tyre wear. Regular maintenance enhances tyre life and guarantees safer driving.

Exploring the Growth Drivers of the Europe Tire (Tyre) Industry

The Europe tire (tyre) market is growing as a result of numerous important causes. First of all, the rising car industry is important. The need for tyres grows as more people buy cars and other vehicles. Tyres are an important component of cars because they ensure safe and efficient transportation. This rising demand drives up tyre production and sales in Europe. Furthermore, there is an increasing emphasis on safety in the tyre industry. Both vehicle makers and buyers are concerned about safety. Tyres are essential for traction, stability, and control on the road. With stronger road safety laws and growing consumer awareness, there is a greater need for high-quality tyres that provide improved grip, handling, and braking. To meet these standards, tyre manufacturers are producing tyres with enhanced safety features.

What challenges does the Europe Tire (Tyre) Market face?

The Europe tyre market is facing operating and growth challenges. Many tyre producers try to attract customers by enhancing quality and offering reasonable rates. Inflation and changes in consumer expenditure can have an impact on tyre demand. Environmental rules necessitate environmentally friendly tyres, which can be pricey for producers. Tyres must stay up with increasing standards as car technology advances. Consumer preferences, such as sustainability and certain performance characteristics, also have an impact on the market. Tyre firms must innovate, adapt to changes, and spend in research and development to prosper. Understanding these problems allows students to obtain a more comprehensive understanding of the tyre market.

In what ways has the COVID-19 pandemic affected Europe Tire (Tyre) Market?

The COVID-19 epidemic has had a substantial influence on several businesses around the world, including the Europe tyre market. During the peak of the epidemic, the tyre business in Europe, like many others, experienced disruptions in production, supply networks, and demand. The temporary shutdown of manufacturing facilities and disruptions in the supply chain were substantial consequences on the European tyre market. Government-imposed lockdowns and limitations to control the spread of the virus led in plant shutdowns and lowered production capacity. This reduced the market availability of tyres and contributed to supply constraints.

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Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Vehicle Type, By Demand Category, By Tire Construction Type, By Rim Size, By Sales Channel.
Regions covered	Germany, France, UK, Italy, Russia, Rest of Europe.
Companies Covered	Bridgestone Corporation, Continental AG, Goodyear Tire & Rubber Company, Hankook Tire Co. Ltd, KUMHO Tire Co, MICHELIN, Pirelli Tyre S.p.A, Sumitomo Corporation, Toyo Tire Corporation, Yokohama Tire Corporation.

Key Target Audience

Automotive Manufacturers
Automotive Service Centers
Commercial Fleet Operators
Individual Consumers
Tire Retailers and Distributors

Europe Tire (Tyre) Market Segmentation:

1. By Vehicle Type:

Europe Tire (Tyre) Market Value Share and Forecast, By Vehicle Type, 2023-2033
Light Commercial Vehicle
Medium & Heavy Commercial Vehicle
OTR
Passenger Car
Two-Wheeler

2. By Demand Category:

Europe Tire (Tyre) Market Value Share and Forecast, By Demand Category 2023-2033
OEM
Replacement

3. By Tire Construction Type:

Europe Tire (Tyre) Market Value Share and Forecast, By Tire Construction Type, 2023-2033
Bias
Radial

4. By Rim Size:

Europe Tire (Tyre) Market Value Share and Forecast, By Rim Size, 2023-2033
Up to 19”
20 – 25”
Above 25

5. By Region:

Germany
France
UK
Italy
Russia
Rest Of Europe

Key Topics Covered in the Report

Europe Tire (Tyre) Market Size (FY’2023-FY’2033)
Overview of Europe Tire (Tyre) Market
Segmentation of Europe Tire (Tyre) Market By Vehicle Type (Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, OTR, Passenger Car, Two-Wheeler)
Segmentation of Europe Tire (Tyre) Market By Demand Category (OEM, Replacement)
Segmentation of Europe Tire (Tyre) Market By Tire Construction Type ( Bias, Radial)
Segmentation of Europe Tire (Tyre) Market By Rim Size ( Up to 19”, 20 – 25”, Above 25)
Segmentation of Europe Tire (Tyre) Market By Sales Channel (Offline, Online)
Statistical Snap of Europe Tire (Tyre) Market
Growth Analysis of Europe Tire (Tyre) Market
Problems and Challenges in Europe Tire (Tyre) Market
Competitive Landscape in the Europe Tire (Tyre) Market
Impact of COVID-19 and Demonetization on Europe Tire (Tyre) Market
Details on Recent Investment in Europe Tire (Tyre) Market
Competitive Analysis of Europe Tire (Tyre) Market
Key Players in the Europe Tire (Tyre) Market
SWOT Analysis of Europe Tire (Tyre) Market
Europe Tire (Tyre) Market Future Outlook and Projections (FY’2023-FY’2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the Europe Tire (Tyre) Market

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTER’s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Europe Tire (Tyre) Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Europe Tire (Tyre) Market

7. Europe Tire (Tyre) Market, By Vehicle Type (USD Million)

7.1. Europe Tire (Tyre) Market Value Share and Forecast, By Vehicle Type, 2023-2033
7.2. Light Commercial Vehicle
7.3. Medium & Heavy Commercial Vehicle
7.4. OTR
7.5. Passenger Car
7.6. Two-Wheeler

8. Europe Tire (Tyre) Market, By Demand Category (USD Million)

8.1. Europe Tire (Tyre) Market Value Share and Forecast, By Demand Category 2023-2033
8.2. OEM
8.3. Replacement

9. Europe Tire (Tyre) Market, By Tire Construction Type (USD Million)

9.1. Europe Tire (Tyre) Market Value Share and Forecast, By Tire Construction Type, 2023-2033
9.2. Bias
9.3. Radial

10. Europe Tire (Tyre) Market, By Rim Size (USD Million)

10.1. Europe Tire (Tyre) Market Value Share and Forecast, By Rim Size, 2023-2033
10.2. Up to 19”
10.3. 20 – 25”
10.4. Above 25

11. Europe Tire (Tyre) Market, By Sales Channel (USD Million)

11.1. Europe Tire (Tyre) Market Value Share and Forecast, By Sales Channel, 2023-2033
11.2. Offline
11.3. Online

12. Europe Tire (Tyre) Market Forecast, 2019-2033 (USD Million)

12.1. Europe Tire (Tyre) Market Size and Market Share

13. Europe Tire (Tyre) Market, By Vehicle Type, 2019-2033 (USD Million)

13.1. Europe Tire (Tyre) Market Size and Market Share by Vehicle Type (2019-2026)
13.2. Europe Tire (Tyre) Market Size and Market Share by Vehicle Type (2027-2033)

14. Europe Tire (Tyre) Market, By Demand Category, 2019-2033 (USD Million)

14.1. Europe Tire (Tyre) Market Size and Market Share by Demand Category (2019-2026)
14.2. Europe Tire (Tyre) Market Size and Market Share by Demand Category (2027-2033)

15. Europe Tire (Tyre) Market, By Tire Construction Type, 2019-2033 (USD Million)

15.1. Europe Tire (Tyre) Market Size and Market Share by Tire Construction Type (2019-2026)
15.2. Europe Tire (Tyre) Market Size and Market Share by Tire Construction Type (2027-2033)

16. Europe Tire (Tyre) Market, By Rim Size, 2019-2033 (USD Million)

16.1. Europe Tire (Tyre) Market Size and Market Share by Rim Size (2019-2026)
16.2. Europe Tire (Tyre) Market Size and Market Share by Rim Size (2027-2033)

17. Europe Tire (Tyre) Market, By Sales Channel, 2019-2033 (USD Million)

17.1. Europe Tire (Tyre) Market Size and Market Share by Sales Channel (2019-2026)
17.2. Europe Tire (Tyre) Market Size and Market Share by Sales Channel (2027-2033)

18. Europe Tire (Tyre) Market, By Region, 2019-2033 (USD Million)

18.1. Europe Tire (Tyre) Market Size and Market Share by Region (2019-2026)
18.2. Europe Tire (Tyre) Market Size and Market Share by Region (2027-2033)
18.3. Germany
18.4. France
18.5. UK
18.6. Italy
18.7. Russia
18.8. Rest Of Europe

19. Company Profile

19.1. Bridgestone Corporation

19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments

19.2. Continental AG

19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments

19.3. Goodyear Tire & Rubber Company

19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments

19.4. Hankook Tire Co. Ltd

19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments

19.5. KUMHO TIRE Co

19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments

19.6. MICHELIN

19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments

19.7. Pirelli Tyre S.p.A

19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments

19.8. Sumitomo Corporation

19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments

19.9. Toyo Tire Corporation

19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developments

19.10. Yokohama Tire Corporation

19.10.1. Company details
19.10.2. Financial outlook
19.10.3. Product summary
19.10.4. Recent developments

19.11. Others

20. List of Abbreviations

21. Reference Links

22. Conclusion

23. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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Frequently Asked Questions About This Report

How big is the Europe Tire (Tyre) Market?

Europe Tire (Tyre) Market is projected to reach USD 0.59 billion by 2033, growing at a CAGR of 3.35% during the forecast period.

What is the growth rate of the Europe Tire (Tyre) Market?

Europe Tire (Tyre) Market grew in market size from 2022. The Market is expected to reach USD 0.59 billion by 2033, at a CAGR of 3.35% during the forecast period.

What is the anticipated CAGR of the Europe Tire (Tyre) Market?

Europe Tire (Tyre) Market CAGR of 3.35% during the forecast period.

How can I get a sample report on the Europe Tire (Tyre) Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Europe Tire (Tyre) Market?

Europe Tire (Tyre) Market size is USD 0.59 billion from 2023 to 2033.

Which segment is expected to Europe Tire (Tyre) Market?

Europe Tire (Tyre) Market Segment is covered By Vehicle Type, By Demand Category, By Tire Construction Type, By Rim Size, By Sales Channel.

Which region is expected to have the highest market share in the Europe Tire (Tyre) Market?

The Europe region is anticipated to have the highest market share in the Europe Tire (Tyre) Market.

Who are the key players in Europe Tire (Tyre) Market?

The key players in the market include Companies Covered Bridgestone Corporation, Continental AG, Goodyear Tire & Rubber Company, Hankook Tire Co. Ltd, KUMHO Tire Co, MICHELIN, Pirelli Tyre S.p.A, Sumitomo Corporation, Toyo Tire Corporation, Yokohama Tire Corporation.

What is the conclusion of the Europe Tire (Tyre) Market?

The need for tyres grows as more people buy cars and other vehicles. Tyres are an important component of cars because they ensure safe and efficient transportation. This rising demand drives up tyre production and sales in Europe.