Lithuania Tire Market Forecast & Opportunities, 2021

  • ID: 3820765
  • Report
  • Region: Lithuania
  • 102 pages
  • TechSci Research
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The Tire Market in Lithuania is Projected to Grow at a CAGR of Over 9% During 2016-2021

FEATURED COMPANIES

  • Bridgestone Baltic SIA
  • Hankook Tire Company Ltd.
  • Nokian Tyres plc
  • Pirelli & C. S.p.A.
  • Yokohama Denmark A/S
  • MORE
Lithuania is a country located in the Baltic region of Northern Europe. Despite being largely impacted by the Eurozone crisis, the country’s automotive sector managed to grow at a steady pace during 2011 - 2015. In Lithuania, automobile sales grew at a CAGR of around 5.9% during 2011-2015.

Moreover, the country’s automotive industry is likely to perform better during the forecast period on account of anticipated increase in the Foreign Direct Investment (FDI) inflows in the Baltic States by the European Commission.

Anticipated expansion in the country’s vehicle fleet coupled with rising disposable income, increasing urbanization and growing infrastructure sector are expected to positively influence tire market in Lithuania over the next five years. As of 2015, Lithuania’s tire market was entirely import driven as no tire manufacturing facility was being operating in the country.

According to “Lithuania Tire Market Forecast & Opportunities, 2021”, the tire market in Lithuania is projected to grow at a CAGR of over 9% during 2016-2021. The vehicle fleet of the country is dominated by passenger car segment, followed by the commercial vehicle segment. As a result, the passenger car tire segment held a major volume share in the country’s tire market in 2015 and its dominance is anticipated to continue during the forecast period as well.

Region wise, Vilnius County is the largest demand generator for tire in the country, followed Kaunas, Klaipeda, Šiauliai and Panevežys counties. In 2015, these five counties cumulatively accounted for more than three-fourths of the tire sales in the country. Leading global tire companies operating in Lithuania include Continental, Goodyear, Michelin and Bridgestone, among others.

“Lithuania Tire Market Forecast & Opportunities, 2021” discusses the following aspects of tire market in Lithuania:

- Lithuania Tire Market Size, Share & Forecast
- Segmental Analysis - Passenger Car Tires, Medium and Heavy Commercial Tires, Light Commercial Vehicle Tires, OTR Tires & Two Wheeler Tires
- Policy & Regulatory Landscape
- Changing Market Trends and Emerging Opportunities
- Competitive Landscape and Strategic Recommendations

Why You Should Buy This Report?

- To gain an in-depth understanding of tire market in Lithuania
- To identify the on-going trends and segment wise anticipated growth in the coming years
- To help industry consultants, tire companies, distributors and other stakeholders to align their market-centric strategies
- To obtain research based business decision and add weight to presentations and marketing material
- To gain competitive knowledge of leading players
- To avail of 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs.

Report Methodology

The information contained in this report is based on both primary and secondary sources. Primary research includes interviews with tire companies, distributors and industry experts. Secondary research includes an exhaustive search of relevant publications such as company annual reports, financial reports and proprietary databases.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bridgestone Baltic SIA
  • Hankook Tire Company Ltd.
  • Nokian Tyres plc
  • Pirelli & C. S.p.A.
  • Yokohama Denmark A/S
  • MORE
1. Product Overview

2. Research Methodology

3. Analyst View

4. Lithuania Tire Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Share & Forecast
4.2.1. By Vehicle Type
4.2.2. By Company
4.2.3. By Region

5. Lithuania Passenger Car (PC) Tire Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (SUV & MPV, Sedan and Hatchback)

6. Lithuania Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume

7. Lithuania off-The-Road (OTR) Tire Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume

8. Lithuania Light Commercial Vehicle (LCV) Tire Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume

9. Lithuania Two-Wheeler (2W) Tire Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type (Mopeds and Motorcycles)

10. Import-Export Analysis

11. Market Dynamics
11.1. Drivers
11.2. Challenges

12. Market Trends & Developments
12.1. Increasing Focus on Public Transportation
12.2. Increasing Penetration of Chinese Brand Tires
12.3. Growth in Domestic Retread Tire Market
12.4. Tire Import Scenario from Major Countries
12.5. Impelling Demand for All Season Tires

13. Policy & Regulatory Landscape

14. Lithuania Economic Profile

15. Competitive Landscape
15.1. Bridgestone Baltic SIA
15.2. Continental Aktiengesellschaft
15.3. Pirelli & C. S.p.A.
15.4. Goodyear Dunlop Tires Baltic OÜ
15.5. Hankook Tire Company Ltd.
15.6. Toyo Tire & Rubber Co., Ltd
15.7. Yokohama Denmark A/S
15.8. Nokian Tyres plc
15.9. Compagnie Générale des Établissements Michelin
15.10. Belshina Open Joint Stock Company

16. Strategic Recommendations

List of Figures

Figure 1: Lithuania Tire Market Size, By Value (USD Million), By Volume (Million Unit), 2011-2021F
Figure 2: Lithuania Tire Market Share, By Vehicle Type, By Volume, 2015-2021F
Figure 3: Lithuania Tire Market Share, By Company, By Volume, 2015-2021F
Figure 4: Lithuania Tire Market Share, By Region, By Volume, 2015 & 2021F
Figure 5: Lithuania Tire Market Share, By Region, By Volume, 2015-21F
Figure 6: Lithuania Passenger Car Tire Market Size, By Value (USD Million), By Volume (Million Unit), 2011-2021F
Figure 7: Lithuania Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2011-2021F
Figure 8: Lithuania Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Size, By Value (USD Million), By Volume (Million Unit), 2011-2021F
Figure 9: Lithuania Off-The-Road (OTR) Vehicle Tire Market Size, By Value (USD Million), By Volume (Million Unit), 2011-2021F
Figure 10: Lithuania Light Commercial Vehicle (LCV) Tire Market Size, By Value (USD Million), By Volume (Million Unit), 2011-2021F
Figure 11: Lithuania Two-Wheeler Tire Market Size, By Value (USD Million), By Volume (Million Unit), 2011-2021F
Figure 12: Lithuania GNI per capita, 2011-2014
Figure 13: Lithuania Two-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2011-2021F
Figure 14: Lithuania Passenger Car Tire Imports, By Value, 2011-2015 (USD Million)
Figure 15: Lithuania Commercial Vehicle Tire Imports, By Value, 2011-2015 (USD Million)
Figure 16: Lithuania Off-The-Road Tire Imports, By Value, 2011-2015 (USD Million)
Figure 17: Lithuania Two-Wheeler Tire Imports, By Value, 2011-2015 (USD Million)
Figure 18: Lithuania Tire Imports Share, By Vehicle Type, By Value, 2015
Figure 19: Lithuania Passenger Car Tire Exports, By Value, 2011-2015 (USD Million)
Figure 20: Lithuania Commercial Vehicle Tire Exports, By Value, 2011-2015 (USD Million)
Figure 21: Lithuania Off-The-Road Tire Exports, By Value, 2011-2015 (USD Million)
Figure 22: Lithuania Two-Wheeler Tire Exports, By Value, 2011-2015 (USD Million)
Figure 23: Lithuania Tire Exports Share, By Vehicle Type, By Value, 2015

List of Tables

Table 1: Lithuania Automobile Market Size*, By Volume, 2011-2015 (Units)
Table 2: Lithuania Vehicle Fleet Size, By Volume, 2011-2015 (Million Units)
Table 3: Lithuania Passenger Car Sales, 2011-2015 (Units)
Table 4: Partial List of Prominent Construction Projects in Lithuania
Table 5: List of Lithuania Strategic and Infrastructure Projects, 2015
Table 6: Lithuania Light Commercial Vehicle (LCV) Sales, By Volume, 2011-2015 (Units)
Table 7: Lithuania Two-Wheeler Sales, By Volume, 2011-2015 (Units)
Table 8: Lithuania Construction Sector Market Size, By County, By Value, 2011-2015 (USD)
Table 9: Lithuania Automobile Fleet, By Vehicle Type, By Volume, 2011-2015 (Million Units)
Table 10: Lithuania Number of Bus Routes, By County, By Volume, 2010-2014 (Units)
Table 11: Tire Imports from China, By HS Code, By Vehicle Type, By Volume, 2011-2015 (Units)
Table 12: Lithuania Retread Tire Imports, By HS Code, By Vehicle Type, By Volume, 2011-2015 (Units)
Table 13: Lithuania Top Tire Importing Countries, By Country, By HS Code, By Value, 2011-2015 (USD Million)
Table 14: List of Import Duty on Tires, By HS Code, By Vehicle Type, 2015
Note: Product cover images may vary from those shown
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- Belshina Open Joint Stock Company
- Bridgestone Baltic SIA
- Compagnie Générale des Établissements Michelin
- Continental Aktiengesellschaft
- Goodyear Dunlop Tires Baltic OÜ
- Hankook Tire Company Ltd.
- Nokian Tyres plc
- Pirelli & C. S.p.A.
- Toyo Tire & Rubber Co., Ltd
- Yokohama Denmark A/S
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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