Tires play a critical role in reducing pollutants and improving fuel efficiency. In addition, leading tire producers and automakers have teamed up to develop next-generation environmental-friendly tires. Furthermore, the European Commission has established CO2 emission requirements for passenger cars and commercial vehicles, which is likely to encourage the use of green tires in the region's OEM and aftermarket.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe automotive tire aftermarket market, which is expected to grow at a decent CAGR during the forecast period.
The Europe automotive tire aftermarket market is segmented into tire type, distribution channel, rim size, and country. The Europe automotive tire aftermarket market, based on tire type, is bifurcated into radial and bias. The radial segment held a larger market share in 2020. In terms of distribution channel, the Europe automotive tire aftermarket market is bifurcated into OES and IAM. The IAM segment held a larger market share in 2020. Based on rim size, the Europe automotive tire aftermarket market is segmented into 13–15, 16–18, 19–21, and more than 21. The 13–15 segment held the largest market share in 2020. Based on country, the Europe automotive tire aftermarket market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe.
Apollo Tires Ltd; Bridgestone Corporation; Continental AG; Michelin; NEXEN TIRE AMERICA INC; PIRELLI and C. S.P.A.; Sumitomo Rubber Industries, Ltd.; The Goodyear Tire and Rubber Company; Yokohama Rubber Co., Ltd; and ZHONGCE RUBBER GROUP CO. LTD. are among the leading companies in the Europe automotive tire aftermarket market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 28,177.04 Million |
| Market Size by 2028 | US$ 40,368.78 Million |
| CAGR (2021 - 2028) | 5.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Tire Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe Automotive Tire Aftermarket Market is valued at US$ 28,177.04 Million in 2021, it is projected to reach US$ 40,368.78 Million by 2028.
As per our report Europe Automotive Tire Aftermarket Market, the market size is valued at US$ 28,177.04 Million in 2021, projecting it to reach US$ 40,368.78 Million by 2028. This translates to a CAGR of approximately 5.3% during the forecast period.
The Europe Automotive Tire Aftermarket Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Automotive Tire Aftermarket Market report:
The Europe Automotive Tire Aftermarket Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Automotive Tire Aftermarket Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Automotive Tire Aftermarket Market value chain can benefit from the information contained in a comprehensive market report.
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