Europe Tire (Tyre) Market Outlook, 2027

Europe Tire (Tyre) Market Size, Share, Trend & Market Analysis By Type, By Distribution Channel, By End User, Competition Forecast & Opportunities.

Featured Companies

  • 1. Bridgestone
  • 2. Apollo Tyres
  • 3. Ceat Tyres
  • 4. Continental
  • 5. Giti Tire
  • 6. Goodyear Tyres
  • More...

The European tyre market is a developed market well progressed towards maturity. As vehicles are getting more efficient, roads are getting smoother; the European tyre market finds itself on a suitable pedestal to grow upon. As per the research conducted by Bonafide Research, and the report published under the title of, “Europe Tyre Market Outlook, 2027”, the market is evaluated to be worth USD 39.76 Billion as of 2021, and is expected to grow to 428.07 Million units in size by the year 2027 in volume terms. In order to assess and study the regional trends and patterns in the European tyre market, the research has been approached by looking at the market through appropriate segments and classification. The segments that were made during the comprehensive evaluation of the markets were on the basis of vehicle types, end-use demand, and the demand of tyres on the basis of their construction design. The vehicle types include vehicles such as passenger cars, light commercial vehicles, medium and heavy vehicles, 2 wheeler vehicles, 3 wheelers and other vehicles including bicycles. The categorization on the basis of end use demand includes demand for replacement tyres and OEM demand for tyres. On the basis of design types, the tyre market is segmented as radial tyres and bias-ply tyres. In order to have a broader understanding of the landscape of tyre market in Europe, further segmentation has been made on the basis of countries, and the sales channels through which the products are made available to the distributors and customers. The growth of the Europe Tire market can be attributed to the rising consumer demand for ultra-high-performance tires with high durability and reliability. Further, the growing need for automobile tires with increased sidewall puncture resistance, and high-design cushion for road-shock have also augmented the market growth in the region. Additionally, the high consumer living standards supported by their increasing per capita expenditures on luxury cars have propelled the demand for advanced and premium-quality tires. Moreover, the rising disposable income levels of the European middle-class population have significantly increased the demand for crossover utility vehicles (CUVs) and sport utility vehicles (SUVs), thereby catalyzing the market growth. Apart from this, growing presence of major tire manufacturing brands such as Continental AG, Michelin, Bridgestone, Goodyear, Pirelli, etc. is also driving the market. Moreover, due to the rising environmental concerns towards the high vehicular pollution level coupled with the launch of several programs by the European Commission for controlling pollution have led to the introduction of electric vehicles. On account of this, there is a high demand for compatible and durable tires for electric and autonomous vehicles.

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Besides, the growing awareness about the importance & benefits of timely inspection & maintenance of vehicles & tires is further generating growth opportunities for the leading players in the market to expand their product portfolio and offer lucrative tire replacement deals to customers. Moreover, an increasing number of construction projects in line with burgeoning infrastructural developments is surging the demand for heavy vehicles & construction equipment and, in turn, is infusing the production & sales of tires across the region. The Europe tyre market is majorly driven by Germany having 20% of the overall market share. France and Russia combined to share a little over 20% of the market, while Spain contributes the lowest share as of 2021. As many of the major national markets in the region are well saturated, Russia and Spain continue to show more growth prospects than others during the forecasted period of 2021 to 2027. However, during the same period, the rest of the European regional markets combined excluding the major economies are projected to be registering a growth rate of around 5%. In 2021, it was derived that about 290.36 Million units of passenger cars tyres were sold in the region, making it the biggest segment in the region. 3 wheeler and other tyres are expected to be the fastest-growing category during the 2021 to 2027 period, expected to grow at a CAGR of more than 6%. As the region is well penetrated with economy and premium vehicles of both passenger and commercial types, the radicalization of vehicle tyres is much higher in Europe as compared to the rest of the world, making it one of the major markets for radial tyres. COVID-19 Impact The advent of Covid-19 in 2020 had a harsh impact on most industries across Europe, where the automotive & tire markets were no exception. As governments across different European countries imposed stringent movement restrictions & lockdowns to curb the spread of this dreadful disease, the tire industry witnessed several unprecedented challenges. The cross-border trade limitations hampered the import of vehicles & tires as their sales significantly declined. As a result, prominent players in the market witnessed substantial financial losses owing to lower requirements for tires amidst the crisis as the majority of the people were spending only on essentials. Consequently, tire manufacturers reduced their production capacities, which, in turn, hampered the market growth.

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Arun Kalwani

Arun Kalwani

Research Analyst

Key Player: Apollo Tires, Bridgestone, CEAT Tires, Continental, Giti, Goodyears Tires, Hankook, JK tires, Kenda Kumho, Maxxis International, Michelin, MRF, Nexen Tire Corp, Nokian Tires, Pirelli, Sailun Group Co., Ltd, Titan International , Toyo Tire Corporation, Triangle Tire Co, Zhongce Rubber Group Co, Yokohama, Doublestar Tire, Linglong, Nankang Considered in the report • Geography: Europe • Base Year: 2021 • Historical year: 2016 • Forecasted Year: 2027 Countries covered • UK • Germany • France • Italy • Russia • Spain • Rest of Europe

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Arun Kalwani

Aspects covered in the report • Market Size by Value (2016-2027F) • Market Size by Volume (2016-2027F) • Market Share by Vehicle Type • Market Share by End Use • Market Share by Design • Market Share by Sales Channel • Market Share by Country The approach of the report: We keep an eye on evolving markets and try to evaluate the potential of the products and services. If we find the market interesting, we start working on it and create the desired table of content, considering all aspects of the business. We start by creating separate questionnaires for C-level executives, national/regional sales personnel, company owners, dealers, distributors, and end-users. Once the questionnaires have been finalized, we start collecting the primary data (mostly through phone calls) and try to understand the market dynamics regionally or tier-wise. This process gives us in-depth details of the market, including all present companies, the top-performing products with reasons why they dominate; we get the details of new players and their innovative approaches; market trends; dynamics; and all the small details of the market. After the collection of primary inputs, we then cross-check the same with secondary sources that include associations, trade journals, annual reports, paid databases, newspapers, magazines, press releases, government sources, etc. From this, we get a rough estimate of the market and start checking existing product price variants, trade, production, raw material scenarios, policies and regulatory landscape, etc. Then, to finalize the market, we start collecting financials of each player present in the market, including limited, private limited, and LLPs. Moreover, we perform cross-industry and cross-region analysis of the product, and based on collected primary inputs and using statistical modeling, we start forecasting the market. We follow our forecasting algorithm, which is unique for each product but gives more weight age to primary inputs. At the same time, the content team starts preparing company profiles, market dynamics, market trends, five forces, PEST analysis, etc. Once the data is verified by the data expert, the team (primary team, content team, and data team) together crosscheck the segmentations, validate the market, and then the designing team starts plotting the graphs. Once the file is ready, the content team completes the report and makes sure that all the discussed points have been covered and provides their valuable inputs in the form of strategic recommendations for new as well as existing players. The QC team then checks the overall report that includes spell check, data verification, and makes the same dispatch ready and error-free. Intended Audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Automotive and Transport industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Companies Mentioned

  • Bridgestone
  • Apollo Tyres
  • Ceat Tyres
  • Continental
  • Giti Tire
  • Goodyear Tyres
  • Hankook Tire
  • JK Tyre
  • Kenda Rubber
  • Kumho Tires
  • Maxxis International
  • Michelin
  • MRF
  • Nexen Tire Corp
  • Nokian Tyres
  • Pirelli
  • Sailun Group Co., Ltd
  • Titan International
  • Toyo Tire Corporation
  • Triangle Tyre Co
  • Zhongce Rubber Group Co
  • Yokohama
  • Doublestar Tire
  • Linglong
  • Nankang

Table of Contents

  • Table of Content
  • 1. Executive Summary
  • 2. Report Methodology
  • 3. Market Structure
  • 3.1. Market Considerate
  • 3.2. Market Definition
  • 4. Economic / Demographic Snapshot
  • 5. Global Tire Market Outlook
  • 5.1. Market Size by Value
  • 5.2. Market Size by Volume
  • 5.3. Market Share
  • 5.3.1. By Vehicle Type
  • 5.3.2. By End Use
  • 5.3.3. By Design
  • 5.3.4. By Sales Channels
  • 5.3.5. By Region
  • 5.3.6. By Country
  • 5.3.7. By Company
  • 6. Europe Tire Market Outlook
  • 6.1. Market Size by Value
  • 6.2. Market Size by Volume
  • 6.3. Market Share
  • 6.3.1. By Vehicle Type
  • 6.3.2. By End Use
  • 6.3.3. By Design
  • 6.3.4. By Sales Channels
  • 6.3.5. By Country
  • 6.4. Germany Tire Market Outlook
  • 6.4.1. Market Size by Value
  • 6.4.2. Market Share
  • 6.4.2.1. By Vehicle Type
  • 6.4.2.2. By End Use
  • 6.4.2.3. By Design
  • 6.5. United Kingdom Tire Market Outlook
  • 6.5.1. Market Size by Value
  • 6.5.2. Market Share
  • 6.5.2.1. By Vehicle Type
  • 6.5.2.2. By End Use
  • 6.5.2.3. By Design
  • 6.6. France Tire Market Outlook
  • 6.6.1. Market Size by Value
  • 6.6.2. Market Share
  • 6.6.2.1. By Vehicle Type
  • 6.6.2.2. By End Use
  • 6.6.2.3. By Design
  • 6.7. Spain Tire Market Outlook
  • 6.7.1. Market Size by Value
  • 6.7.2. Market Share
  • 6.7.2.1. By Vehicle Type
  • 6.7.2.2. By End Use
  • 6.7.2.3. By Design
  • 6.8. Italy Tire Market Outlook
  • 6.8.1. Market Size by Value
  • 6.8.2. Market Share
  • 6.8.2.1. By Vehicle Type
  • 6.8.2.2. By End Use
  • 6.8.2.3. By Design
  • 6.9. Russia Tire Market Outlook
  • 6.9.1. Market Size by Value
  • 6.9.2. Market Share
  • 6.9.2.1. By Vehicle Type
  • 6.9.2.2. By End Use
  • 6.9.2.3. By Design
  • 7. Market Dynamics
  • 7.1. Key Drivers
  • 7.2. Key Challenges
  • 8. Market Trends and Developments
  • 8.1. XXXXXXXXXXX
  • 8.2. XXXXXXXXXXX
  • 8.3. XXXXXXXXXXX
  • 8.4. XXXXXXXXXXX
  • 9. Company Profiles
  • 9.1. Apollo Tires
  • 9.2. Bridgestone
  • 9.3. CEAT Tires
  • 9.4. Continental
  • 9.5. Cooper Tires
  • 9.6. Giti
  • 9.7. Goodyear Tires
  • 9.8. Hankook
  • 9.9. JK Tires
  • 9.10. Kenda
  • 9.11. Kumho
  • 9.12. Maxxis International
  • 9.13. Michelin
  • 9.14. MRF
  • 9.15. Nexen Tire Corp
  • 9.16. Nokian Tires
  • 9.17. Pirelli
  • 9.18. Sailun Group Co., Ltd
  • 9.19. Yokohama Co.
  • 9.20. Titan International
  • 9.21. Toyo Tire Corporation
  • 9.22. Triangle Tire Co
  • 9.23. Zhongce Rubber Group Co
  • 10. Company Overview
  • 10.1. Doublestar Tire
  • 10.2. Linglong
  • 10.3. Nankang
  • 11. Strategic Recommendations
  • 12. Disclaimer

List of Tables
Table 1: Top 10 Counties Economic Snapshot 2021
Table 2: Economic Snapshot of Other Prominent Countries 2021
Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 4: Global Tire Market Share By Vehicle Type (Volume) (2016, 2021 & 2027F)
Table 5: Global Tire Market Share By End Use (2016, 2021 & 2027F)
Table 6: Global Tire Market Share By Design (2016, 2021 & 2027F)
Table 7: Global Tire Market Share By Sales Channel (2016, 2021 & 2027F)
Table 8: Global Tire Market Share by Region (2016, 2021 & 2027F)
Table 9: Global Tire Market Share by Country (2016, 2021 & 2027F)
Table 10: Global Tire Market Share by Company (2021)
Table 11: Europe Tire Market Share By Vehicle Type (Volume) (2016, 2021 & 2027F)
Table 12: Europe Tire Market Share By End Use (2016, 2021 & 2027F)
Table 13: Europe Tire Market Share By Design (2016, 2021 & 2027F)
Table 14: Europe Tire Market Share By Sales Channel (2016, 2021 & 2027F)
Table 15: Europe Tire Market Share by Country (2016, 2021 & 2027F)
Table 16: Germany Tire Market Share By Vehicle Type (2016, 2021 & 2027F)
Table 17: Germany Tire Market Value By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 18: Germany Tire Market Growth By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 19: Germany Tire Market Share By End Use (2016, 2021 & 2027F)
Table 20: Germany Tire Market Share By End Use (USD Billion) (2016, 2021 & 2027F)
Table 21: Germany Tire Market Growth By End Use (USD Billion) (2016, 2021 & 2027F)
Table 22: Germany Tire Market Share By Design (2016, 2021 & 2027F)
Table 23: Germany Tire Market Value By Design (USD Billion) (2016, 2021 & 2027F)
Table 24: Germany Tire Market Growth By Design (USD Billion) (2016, 2021 & 2027F)
Table 25: UK Tire Market Share By Vehicle Type (2016, 2021 & 2027F)
Table 26: UK Tire Market Value By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 27: UK Tire Market Growth By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 28: UK Tire Market Share By End Use (2016, 2021 & 2027F)
Table 29: UK Tire Market Share By End Use (USD Billion) (2016, 2021 & 2027F)
Table 30: UK Tire Market Growth By End Use (USD Billion) (2016, 2021 & 2027F)
Table 31: UK Tire Market Share By Design (2016, 2021 & 2027F)
Table 32: UK Tire Market Value By Design (USD Billion) (2016, 2021 & 2027F)
Table 33: UK Tire Market Growth By Design (USD Billion) (2016, 2021 & 2027F)
Table 34: France Tire Market Share By Vehicle Type (2016, 2021 & 2027F)
Table 35: France Tire Market Value By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 36: France Tire Market Growth By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 37: France Tire Market Share By End Use (2016, 2021 & 2027F)
Table 38: France Tire Market Share By End Use (USD Billion) (2016, 2021 & 2027F)
Table 39: France Tire Market Growth By End Use (USD Billion) (2016, 2021 & 2027F)
Table 40: France Tire Market Share By Design (2016, 2021 & 2027F)
Table 41: France Tire Market Value By Design (USD Billion) (2016, 2021 & 2027F)
Table 42: France Tire Market Growth By Design (USD Billion) (2016, 2021 & 2027F)
Table 43: Spain Tire Market Share By Vehicle Type (2016, 2021 & 2027F)
Table 44: Spain Tire Market Value By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 45: Spain Tire Market Growth By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 46: Spain Tire Market Share By End Use (2016, 2021 & 2027F)
Table 47: Spain Tire Market Share By End Use (USD Billion) (2016, 2021 & 2027F)
Table 48: Spain Tire Market Growth By End Use (USD Billion) (2016, 2021 & 2027F)
Table 49: Spain Tire Market Share By Design (2016, 2021 & 2027F)
Table 50: Spain Tire Market Value By Design (USD Billion) (2016, 2021 & 2027F)
Table 51: Spain Tire Market Growth By Design (USD Billion) (2016, 2021 & 2027F)
Table 52: Italy Tire Market Share By Vehicle Type (2016, 2021 & 2027F)
Table 53: Italy Tire Market Value By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 54: Italy Tire Market Growth By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 55: Italy Tire Market Share By End Use (2016, 2021 & 2027F)
Table 56: Italy Tire Market Share By End Use (USD Billion) (2016, 2021 & 2027F)
Table 57: Italy Tire Market Growth By End Use (USD Billion) (2016, 2021 & 2027F)
Table 58: Italy Tire Market Share By Design (2016, 2021 & 2027F)
Table 59: Italy Tire Market Value By Design (USD Billion) (2016, 2021 & 2027F)
Table 60: Italy Tire Market Growth By Design (USD Billion) (2016, 2021 & 2027F)
Table 61: Russia Tire Market Share By Vehicle Type (2016, 2021 & 2027F)
Table 62: Russia Tire Market Value By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 63: Russia Tire Market Growth By Vehicle Type (USD Billion) (2016, 2021 & 2027F)
Table 64: Russia Tire Market Share By End Use (2016, 2021 & 2027F)
Table 65: Russia Tire Market Share By End Use (USD Billion) (2016, 2021 & 2027F)
Table 66: Russia Tire Market Growth By End Use (USD Billion) (2016, 2021 & 2027F)
Table 67: Russia Tire Market Share By Design (2016, 2021 & 2027F)
Table 68: Russia Tire Market Value By Design (USD Billion) (2016, 2021 & 2027F)
Table 69: Russia Tire Market Growth By Design (USD Billion) (2016, 2021 & 2027F)
Table 70: Key Facts of Apollo Tires
Table 71: Key Facts of Bridgestone
Table 72: Key Facts of Ceat Tires
Table 73: Key Facts of Continental
Table 74: Key Facts of Cooper Tires
Table 75: Key Facts of Giti Tire
Table 76: Key Facts of Goodyear Tires
Table 77: Key Facts of Hankook Tire
Table 78: Key Facts of JK Tire
Table 79: Key Facts of Kenda Rubber
Table 80: Key Facts of Kumho Tires
Table 81: Key Facts of Maxxis International
Table 82: Key Facts of Michelin
Table 83: Key Facts of MRF
Table 84: Key Facts of Nexen Tire Corp
Table 85: Key Facts of Nokian Tires
Table 86: Key Facts of Pirelli
Table 87: Key Facts of Sailun Group Co., Ltd
Table 88: Key Facts of Yokohama Co.
Table 89: Key Facts of Titan International
Table 90: Key Facts of Toyo Tire Corporation
Table 91: Key Facts of Triangle Tire Co
Table 92: Key Facts of Zhongce Rubber Group Co

List of Figures
Figure 1: Global Tire Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 2: Global Tire Market Size – By Volume 2016 to 2027F (In Million Units)
Figure 3: Europe Tire Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 4: Europe Tire Market Size – By Volume 2016 to 2027F (In Million Units)
Figure 5: Germany Tire Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 6: UK Tire Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 7: France Tire Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 8: Spain Tire Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 9: Italy Tire Market Size – By Value 2016 to 2027F (In USD Billion)
Figure 10: Russia Tire Market Size – By Value 2016 to 2027F (In USD Billion)

Feed Phosphate Market Research FAQs

Europe Tire market is projected to expand with almost 5% CAGR for 2022-2027.

Above 300 million units of tires were consumed in Europe during the year of 2021.

The rising demand from high performance and electric vehicles are the key growth factors in the region.

The 3 Wheelers and other segment is expected to grow with the Highest CAGR of over 7% during the forecast period.

In 2021 the replacement category in the end use segment had the higher market share with value of USD 29 Billion.

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Europe Tire (Tyre) Market Outlook, 2027

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