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Europe Tire Aftermarket, Tire Replacement Market 2022-2028

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    Report

  • 117 Pages
  • January 2023
  • Region: Europe
  • Triton Market Research
  • ID: 5715293

Advancements in the automotive sector to drive the tire aftermarket, tire replacement market

MARKET OUTLOOK

The publisher's report infers that the tire aftermarket, tire replacement market in Europe is deemed to advance at a compound annual growth rate of 4.04% in revenue during the forecast years 2022-2028. Germany, Italy, Slovakia, Czech Republic, Spain, France, the United Kingdom, and the Rest of Europe are considered in the region.

In the United Kingdom, the growing disposable income contributes considerably to the expansion of the automobile sector. In recent years, vehicle manufacturing has soared, resulting in a competitive supply chain. Given these factors, the country's economy heavily relies on the development of the automotive sector. In this regard, tire aftermarket offers the nation direct and indirect financial benefits. Further, the studied market's expansion is anticipated to be fueled by a rise in the automotive fleet and infrastructure development during the forecast period.

On the other hand, the automotive industry represents 10% of Spain's GDP. The sector is engaged in robust research and development efforts, resulting in the advancements of electric models. Estimates indicate that the industry spends billions yearly on upgradation and plant expansion. Therefore, the growing demand for vehicles is expected to accelerate the growth of the tire aftermarket, tire replacement market across Spain.

COMPETITIVE OUTLOOK

The prominent companies in the tire aftermarket, tire replacement market include Michelin, Pirelli & C SpA, Apollo Tyres, MRF, CEAT Limited, JK Tyre, and Continental AG.

Table of Contents

1. Europe Tire Aftermarket, Tire Replacement Market - Summary

2. Industry Outlook
2.1. Key Insights
2.1.1. Growing Inclination Toward the Development of Airless Tires
2.1.2. Tire Customization and Personalization Accelerate Market Expansion
2.2. Impact of Covid-19 on the Tire Aftermarket, Tire Replacement Market
2.3. Porter's Five Forces Analysis
2.3.1. Threat of New Entrants
2.3.2. Threat of Substitutes
2.3.3. Bargaining Power of Buyers
2.3.4. Bargaining Power of Suppliers
2.3.5. Threat of Competitive Rivalry
2.4. Market Attractiveness Index
2.5. Vendor Scorecard
2.6. Key Market Strategies
2.6.1. Mergers & Acquisitions
2.6.2. Product Launches & Developments
2.6.3. Partnerships
2.6.4. Business Expansions & Divestitures
2.7. Market Drivers
2.7.1. Spike in Demand for Fuel-Efficient Tires
2.7.2. Mandatory Tire Labeling Norms
2.8. Market Challenge
2.8.1. Uncertainty in the Pricing of Automotive Raw Materials
2.9. Market Opportunity
2.9.1. Electric Vehicle Tire Replacement is a Lucrative Segment

3. Europe Tire Aftermarket, Tire Replacement Market - by Tire Type
3.1. Radial Tire
3.2. Bias Tire

4. Europe Tire Aftermarket, Tire Replacement Market - by Rim Size
4.1. 13- 15 Inches
4.2. 16 -18 Inches
4.3. 19-21 Inches
4.4. More Than 21 Inches

5. Europe Tire Aftermarket, Tire Replacement Market - by Distribution Channel
5.1. Original Equipment Supplier (Oes)
5.2. Independent Aftermarket (Iam)

6. Europe Tire Aftermarket, Tire Replacement Market - Country Outlook
6.1. United Kingdom
6.2. Germany
6.3. France
6.4. Spain
6.5. Italy
6.6. Slovakia
6.7. Czech Republic
6.8. Rest of Europe

7. Competitive Landscape
7.1. Michelin
7.2. Bridgestone Corporation
7.3. Continental AG
7.4. Goodyear Tires
7.5. Pirelli & C Spa
7.6. Sumitomo Rubber Industries Ltd
7.7. Toyo Tires
7.8. The Yokohama Rubber Co Ltd
7.9. Apollo Tyres
7.10. Mrf
7.11. Ceat Limited
7.12. Nexen Tire Corporation
7.13. Hankook Tire & Technology Co Ltd
7.14. Jk Tyre
7.15. Maxxis

8. Research Methodology & Scope
8.1. Research Scope & Deliverables
8.2. Sources of Data
8.3. Research Methodology

List of Tables
Table 1: Europe Tire Aftermarket, Tire Replacement Market, by Country Outlook, 2022-2028 (In $ Billion)
Table 2: Vendor Scorecard
Table 3: Lists the Mergers & Acquisitions
Table 4: List of Product Launches & Developments
Table 5: List of Partnerships
Table 6: List of Investments
Table 7: Europe Tire Aftermarket, Tire Replacement Market, by Country Outlook, 2022-2028 (In $ Billion)
Table 8: Europe Tire Aftermarket, Tire Replacement Market, by Tire Type, 2022-2028 (In $ Billion)
Table 9: Europe Tire Aftermarket, Tire Replacement Market, by Rim Size, 2022-2028 (In $ Billion)
Table 10: Europe Tire Aftermarket, Tire Replacement Market, by Distribution Channel, 2022-2028 (In $ Billion)

List of Figures
Figure 1: Market Attractiveness Index
Figure 2: Europe Tire Aftermarket, Tire Replacement Market, by Tire Type, 2021 & 2028 (In %)
Figure 3: Europe Tire Aftermarket, Tire Replacement Market, by Radial Tire, 2022-2028 (In $ Billion)
Figure 4: Europe Tire Aftermarket, Tire Replacement Market, by Bias Tire, 2022-2028 (In $ Billion)
Figure 5: Europe Tire Aftermarket, Tire Replacement Market, by Rim Size, 2021 & 2028 (In %)
Figure 6: Europe Tire Aftermarket, Tire Replacement Market, by 13- 15 Inches, 2022-2028 (In $ Billion)
Figure 7: Europe Tire Aftermarket, Tire Replacement Market, by 16 -18 Inches, 2022-2028 (In $ Billion)
Figure 8: Europe Tire Aftermarket, Tire Replacement Market, by 19 -21 Inches, 2022-2028 (In $ Billion)
Figure 9: Europe Tire Aftermarket, Tire Replacement Market, More Than 21 Inches, 2022-2028 (In $ Billion)
Figure 10: Europe Tire Aftermarket, Tire Replacement Market, by Distribution Channel, 2021 & 2028 (In %)
Figure 11: Europe Tire Aftermarket, Tire Replacement Market, by Original Equipment Supplier (Oes), 2022-2028 (In $ Billion)
Figure 12: Europe Tire Aftermarket, Tire Replacement Market, by Independent Aftermarket (Iam), 2022-2028 (In $ Billion)
Figure 13: Europe Tire Aftermarket, Tire Replacement Market, by Country Outlook, 2021 & 2028 (In %)
Figure 14: United Kingdom Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)
Figure 15: Germany Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)
Figure 16: France Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)
Figure 17: Spain Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)
Figure 18: Italy Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)
Figure 19: Slovakia Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)
Figure 20: Czech Republic Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)
Figure 21: Rest of Europe Tire Aftermarket, Tire Replacement Market 2022-2028 (In $ Billion)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Michelin
  • Bridgestone Corporation
  • Continental AG
  • Goodyear Tires
  • Pirelli & C Spa
  • Sumitomo Rubber Industries Ltd
  • Toyo Tires
  • the Yokohama Rubber Co Ltd
  • Apollo Tyres
  • Mrf
  • Ceat Limited
  • Nexen Tire Corporation
  • Hankook Tire & Technology Co Ltd
  • Jk Tyre
  • Maxxis

Methodology

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