MarkNtel Advisors recently released a research report focusing on the Europe Tire Market for the forecast period of 2023-28. This approach enhances user understanding and supports well-informed decision-making. The report comprehensively addresses significant changes, gap analyses, emerging opportunities, trends, industry dynamics, and competitive challenges using qualitative and quantitative data. To familiarize established businesses and newcomers with the present market scenario, the report offers detailed growth prospects for the industry and concise insights into competitors.
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Europe Tire Market Insight and Analysis:
The Europe Tire Market is projected to grow at a CAGR of around 5% during the forecast period, i.e., 2023-28.
Ever-Increasing Demand for Replacement Tires to Cater to the Large Vehicle Fleet: Key Driver to Watch
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 Industry Segmentation:
Based on 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
Based on Demand Category
– OEM- Market Size & Forecast 2018-2028, Thousand Units
– Replacement- Market Size & Forecast 2018-2028, Thousand Units
Based on Type of Tire
– Radial- Market Size & Forecast 2018-2028, Thousand Units
– Bias- Market Size & Forecast 2018-2028, Thousand Units
Based on 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
Based on Season
– All Season- Market Size & Forecast 2018-2028, Thousand Units
– Winter- Market Size & Forecast 2018-2028, Thousand Units
Based on 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
Based on 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
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Geographically Analysis:
– The UK
– Germany
– France
– Italy
– Spain
– Poland
– The Netherlands
– Romania
– Belgium
– Slovakia
– Finland
– Norway
– Sweden
– Denmark
– Rest of Europe
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐏𝐫𝐨𝐦𝐢𝐧𝐞𝐧𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
A thorough examination of the competitive landscape of the market involves a comprehensive analysis of its key competitors. This analysis delves deep into each company’s profile, financial achievements, market presence, potential, Research and Development (R&D) expenditures, recent strategic initiatives in the market, footprint, strengths, weaknesses, and market dominance. The information provided offers a comprehensive overview of the leading market players, including Michelin, Continental, Bridgestone, Pirelli, Dunlop, Hankook, Goodyear, Nokian, Yokohama, Cooper Tires, Kumho, Vredestein, Toyo, other.
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