The European Green Tire Market can be segmented based on vehicle type, product type, end-user and rim size. Based on vehicle type, the region’s green tire market can be segmented into passenger car, LCV and HCV. Passenger cars lead automobile production in Europe and the segment is expected to grow at a brisk rate during the forecast period. Moreover, automakers are focusing on enhancing the fuel efficiency of vehicles, which is resulting in high demand for fuel-efficient tires, thereby driving the green tire market in Europe. Based on product type, the market can be bifurcated into radial and bias. Consumers prefer radial tires due to their advantages, such as flexible sidewalls and reduced fuel consumption due to less vibration and resistance over their counterparts.
The Green tire market in Europe is registering growth, on account of rising vehicle production and sales as well as increasing government regulations on tire energy labelling that is increasing the installation rate of green tires. In terms of regional analysis, the market has been segmented into Germany, France, Spain, Italy, and UK. Germany accounts for the largest share in the region’s green tire market, primarily due to large existing fleet of passenger cars in the country. Being one of the major exporting hubs for automobile producers, Germany’s automotive industry is known worldwide for its high-quality automobile manufacturing. Moreover, the country is the fourth largest in terms of total vehicle production, globally, after China, US and Japan. High vehicle ownership coupled with moderate growth in new vehicle sales is expected to continue boosting green tire sales in Germany in the coming years.
Some of the major players operating in the European Green Tire Market are Compagnie Générale des Établissements Michelin, Goodyear Dunlop Tires Europe B.V., Continental Aktiengesellschaft, Bridgestone Europe NV/SA, Pirelli & C. S.p.A., Nokian Tyres Plc, Yokohama Europe Gmbh, Hankook Reifen Deutschland GmbH, Apollo Vredestein B.V., and Cooper Tire & Rubber Company Europe Limited. Key players operating in the market are investing in innovations to earn sound returns on investments. Moreover, strategic moves such as mergers and collaborations are also helping the key players to increase their customer base and expand sales & distribution networks.
Years considered for this report:
- Historical Years: 2014-2017
- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2020-2024
- To analyze and forecast the European Green Tire Market size.
- To classify and forecast the European Green Tire Market based on vehicle type, product type, end-user, rim size and country.
- To identify drivers and challenges for the European Green Tire Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the European Green Tire Market.
- To conduct pricing analysis for the European Green Tire Market.
- To identify and analyze the profile of leading players operating in Europe green tire market.
Both primary as well as exhaustive secondary research were performed for this study. Initially, Researchers sourced a list of leading manufacturers across the region. Subsequently, They conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, they could include the manufacturers which could not be identified due to the limitations of secondary research. The author analyzed the product offerings, distribution channels and presence of all major players operating in green tire market in Europe.
The author calculated the European Green Tire Market size by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. Researchers sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Green tire manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to green tire market
- Market research and consulting firms
In this report, the European Green Tire Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Market, By Product Type:
- Passenger Car
- 12-15 Inch
- 16-20 Inch
- Above 20 Inch
- United Kingdom
- Company Profiles: Detailed analysis of the major companies present in the European Green Tire Market.
With the given market data, the author offers customizations according to a client's specific needs.
2. Research Methodology
3. Analyst View
4. Voice of Customer
4.1. Factors Influencing Purchase Decision
4.2. Brand Recall
4.3. Brand Satisfaction Level
5. Europe Green 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 (PC, LCV, M&HCV)
5.2.2. By Radial Vs Bias
5.2.3. By Demand Category (OEM Vs Replacement)
5.2.4. By Rim Size
5.2.5. By Company
5.2.6. By Country
5.3. Market Attractiveness Index – By Vehicle Type
6. Europe: Country Analysis
6.1. Germany Green Tire Market Outlook
6.1.1. Market Size & Forecast
22.214.171.124. By Value & Volume
6.1.2. Market Share & Forecast
126.96.36.199. By Vehicle Type
188.8.131.52. By Radial Vs Bias
184.108.40.206. By Demand Category (OEM VS. Replacement)
220.127.116.11. By Rim Size
6.1.3. Market Attractiveness Index (Vehicle Type)
6.2. France Green Tire Market Outlook
6.2.1. Market Size & Forecast
18.104.22.168. By Value & Volume
6.2.2. Market Share & Forecast
22.214.171.124. By Vehicle Type
126.96.36.199. By Radial Vs Bias
188.8.131.52. By Demand Category (OEM VS. Replacement)
184.108.40.206. By Rim Size
6.2.3. Market Attractiveness Index (Vehicle Type)
6.3. United Kingdom Green Tire Market Outlook
6.3.1. Market Size & Forecast
220.127.116.11. By Value & Volume
6.3.2. Market Share & Forecast
18.104.22.168. By Vehicle Type
22.214.171.124. By Radial Vs Bias
126.96.36.199. By Demand Category (OEM VS. Replacement)
188.8.131.52. By Rim Size
6.3.3. Market Attractiveness Index (Vehicle Type)
6.4. Italy Green Tire Market Outlook
6.4.1. Market Size & Forecast
184.108.40.206. By Value & Volume
6.4.2. Market Share & Forecast
220.127.116.11. By Vehicle Type
18.104.22.168. By Radial Vs Bias
22.214.171.124. By Demand Category (OEM VS. Replacement)
126.96.36.199. By Rim Size
6.4.3. Market Attractiveness Index (Vehicle Type)
6.5. Spain Green Tire Market Outlook
6.5.1. Market Size & Forecast
188.8.131.52. By Value & Volume
6.5.2. Market Share & Forecast
184.108.40.206. By Vehicle Type
220.127.116.11. By Radial Vs Bias
18.104.22.168. By Demand Category (OEM VS. Replacement)
22.214.171.124. By Rim Size
6.5.3. Market Attractiveness Index (Vehicle Type)
7. Market Trends & Developments
8. Market Dynamics
8.1. Competitive Landscape
8.2. Compagnie Générale des Établissements Michelin
8.3. Bridgestone Europe NV/SA
8.4. Continental Aktiengesellschaft
8.5. Goodyear Dunlop Tires Europe B.V.
8.6. Pirelli & C. S.p.A.
8.7. Nokian Tyres PLC
8.8. Hankook Reifen Deutschland GmbH
8.9. Yokohama Europe Gmbh
8.10. Apollo Vredestein B.V.
8.11. Cooper Tire & Rubber Company Europe Limited
8.12. Strategic Recommendations
- Compagnie Générale des Établissements Michelin
- Bridgestone Europe NV/SA
- Continental Aktiengesellschaft
- Goodyear Dunlop Tires Europe B.V.
- Pirelli & C. S.p.A.
- Nokian Tyres PLC
- Hankook Reifen Deutschland GmbH
- Yokohama Europe Gmbh
- Apollo Vredestein B.V.
- Cooper Tire & Rubber Company Europe Limited