What is the size of the Europe Tire Market?
The Europe Tire Market is projected to grow at around 5% CAGR during the forecast period, i.e., 2023-28. Reputable research company Markntel Advisors has conducted a thorough analysis of the Europe Tire market, taking into account a variety of factors including current developments, trade laws, import-export analysis, production trends, changes in market laws, value chain optimisation, and market share insights. The study is precisely organised, with well-defined sections, chapters, and sub-categories that make it easy for readers to navigate.
The Europe Tire Market Report also emphasises the importance of domestic and regional market players, developing revenue streams, strategic analysis of market growth, product approvals, the introduction of novel offerings, geographic expansions, and technological advancements. This report’s main goal is to give readers a thorough understanding of the market while highlighting the unique characteristics, contributing factors, and other components that can potentially limit market growth.
Market Drivers:
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.
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The market segments that make up the Europe Tire market are very diverse. These segments, which cover variations, trends, and market strategies, are precisely defined and clearly discussed. This all-inclusive strategy provides stakeholders with the crucial knowledge needed to take well-informed decisions and fully comprehend the market. The following segments make up the market:
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
-12.1” to 15”- Market Size & Forecast 2018-2028, Thousand Units
-15.1” to 18”- Market Size & Forecast 2018-2028, Thousand Units
-18.1” to 20”- Market Size & Forecast 2018-2028, Thousand Units
-20.1” to 26”- Market Size & Forecast 2018-2028, Thousand Units
-26.1to 35”- Market Size & Forecast 2018-2028, Thousand Units
– 35.1” 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
-Sweden
-Denmark
-Rest of Europe
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