Categories: Press Release

Europe Tire Market Analysis 2028 – Unveiling Size, Share, Growth, Trends, and Industry Insights

MarkNtel Advisors is not just a market research company; it is a cornerstone in the realm of research and consulting provide market research report titled as Europe Tire Market Size, Share, Analysis, Forecast 2023-2028.

Europe Tire Market Analysis and Insights:

The Europe Tire Market size is estimated to grow at a CAGR of around 5% during the forecast period, i.e., 2023-28.

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Europe Tire Market Dynamics

Key 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 Report Segmentation:

The report has segmented the market into the following categories:

By Type of Vehicle

-Passenger Car

-Light Commercial Vehicle

-Medium & Heavy Commercial Vehicle

-Two Wheelers

-Off the Road (OTR) Vehicles

By Demand Category

-OEM

-Replacement

By Type of Tire

-Radial

-Bias

By Sales Channel

-Direct Sales

-Multi-Brand Outlets

-Exclusive Outlets

-Online

By Season

-All Season

-Winter

By Price Category

-Budget

-Economy

-Premium

By Rim Diameter

-Up to 12”

-12.1” to 15”

-15.1” to 18”

-18.1” to 20”

-20.1” to 26”

-26.1to 35”

– 35.1” to 47”

-Above 47”

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Market Divided by Region/Country:

By Country

-The UK

-Germany

-France

-Italy

-Spain

-Poland

-The Netherlands

-Romania

-Belgium

-Slovakia

-Finland

-Norway

-Sweden

-Denmark

-Rest of Europe

Who are the top Companies in the Europe Tire Market?

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

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.