Europe Automotive Tire Aftermarket Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Tire Type (Radial Tire and Bias Tire), Distribution Channel (OES and IAM), and Rim Size (13–15, 16–18, 19–21, and More than 21)
The automotive tire aftermarket market in Europe is expected to grow from US$ 28,177.04 million in 2021 to US$ 40,368.78 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.
Germany, France, the UK, and Italy are among the major economies in Europe. The automotive industry contributes 7% to Europe’s GDP. The market's expansion may be linked to the flourishing European automotive sector and a rise in tire replacement rates owing to longer vehicle lifespans. Furthermore, strict European Union (EU) rules, the increased average age of operational cars, and a surge in demand for green tires contribute to Automotive Tire Aftermarket development. Furthermore, Europe is an essential market for automobiles in the 21st century, with a large consumer market, a highly skilled workforce, favorable infrastructure development, and local & state government incentives. All these factors are driving the growth of the European Automotive Tire Aftermarket. Furthermore, ISO 28580 tests tire rolling resistance throughout the EU, which regulates heavy-duty vehicle tire rolling resistance in California. The wet grip test technique of the United Nations Economic Commission for Europe (UN ECE) Regulation 117 is widely utilized in Europe to improve this element of safety.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.
Europe Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Get more information on this report :
Europe Automotive Tire Aftermarket Market Segmentation
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.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Automotive Tire Aftermarket Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Europe Automotive Tire Aftermarket Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Significant Demand for Fuel-Efficient Tires
5.1.2 Tough Government Regulations Regarding Tire Labelling
5.2 Market Restraints
5.2.1 Inconsistent Raw Material Prices
5.3 Market Opportunities
5.3.1 Significant Increment in Adoption of Electric Vehicles
5.4 Future Trends
5.4.1 High Demand for Green Tires in Fleets
5.5 Impact Analysis of Drivers and Restraints
6. Automotive Tire Aftermarket Market – Europe Analysis
6.1 Europe Automotive Tire Aftermarket Market Overview
6.2 Europe Automotive Tire Aftermarket Market Revenue Forecast and Analysis
7. Europe Automotive Tire Aftermarket Market Analysis – By Tire Type
7.1 Overview
7.2 Europe Automotive Tire Aftermarket Market, by Tire type (2020 And 2028)
7.3 Radial tire
7.3.1 Overview
7.3.2 Radial tire: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
7.4 Bias tire
7.4.1 Overview
7.4.2 Bias tire: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
8. Europe Automotive Tire Aftermarket Market Analysis – By Distribution Channel
8.1 Overview
8.2 Europe Automotive Tire Aftermarket Market, by Distribution channel (2020 and 2028)
8.3 OES
8.3.1 Overview
8.3.2 OES: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
8.4 IAM
8.4.1 Overview
8.4.2 IAM: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9. Europe Automotive Tire Aftermarket Market Analysis – By Rim Size
9.1 Overview
9.2 Europe Automotive Tire Aftermarket Market, by Rim Size (2020 And 2028)
9.3- 15
9.3.1 Overview
9.3.2- 15: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9.4-18
9.4.1 Overview
9.4.2-18: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9.5-21
9.5.1 Overview
9.5.2-21: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
9.6 More than 21
9.6.1 Overview
9.6.2 More than 21: Automotive Tire Aftermarket Market Revenue and Forecast To 2028 (US$ Million)
10. Europe Automotive Tire Aftermarket Market – Country Analysis
10.1 Overview
10.1.1 Europe: Automotive Tire Aftermarket Market, by Key Country
10.1.2 Germany: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.1.2.1.1 Germany: Automotive Tire Aftermarket Market, by Tire type
10.1.2.1.2 Germany: Automotive Tire Aftermarket Market, by Distribution channel
10.1.2.1.3 Germany: Automotive Tire Aftermarket Market, by Rim Size
10.1.3 France: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.1.3.1.1 France: Automotive Tire Aftermarket Market, by Tire type
10.1.3.1.2 France: Automotive Tire Aftermarket Market, by Distribution channel
10.1.3.1.3 France: Automotive Tire Aftermarket Market, by Rim Size
10.1.4 Italy: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.1.4.1.1 Italy: Automotive Tire Aftermarket Market, by Tire type
10.1.4.1.2 Italy: Automotive Tire Aftermarket Market, by Distribution channel
10.1.4.1.3 Italy: Automotive Tire Aftermarket Market, by Rim Size
10.1.4.2 UK: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.1.4.2.1 UK: Automotive Tire Aftermarket Market, by Tire type
10.1.4.2.2 UK: Automotive Tire Aftermarket Market, by Distribution channel
10.1.4.2.3 UK: Automotive Tire Aftermarket Market, by Rim Size
10.1.4.3 Russia: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.1.4.3.1 Russia: Automotive Tire Aftermarket Market, by Tire type
10.1.4.3.2 Russia: Automotive Tire Aftermarket Market, by Distribution channel
10.1.4.3.3 Russia: Automotive Tire Aftermarket Market, by Rim Size
10.1.4.4 Rest of Europe: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
10.1.4.4.1 Rest of Europe: Automotive Tire Aftermarket Market, by Tire type
10.1.4.4.2 Rest of Europe: Automotive Tire Aftermarket Market, by Distribution channel
10.1.4.4.3 Rest of Europe: Automotive Tire Aftermarket Market, by Rim Size
11. Automotive Tire Aftermarket Market-Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Development
12. Automotive Tire Aftermarket Market-Company Profiles
12.1 APOLLO TIRES LTD
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Continental AG
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 PIRELLI AND C. S.P.A.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Sumitomo Rubber Industries, Ltd.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 THE GOODYEAR TIRE AND RUBBER COMPANY
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 YOKOHAMA RUBBER CO., LTD
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 ZHONGCE RUBBER GROUP CO. LTD.
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 NEXEN TIRE AMERICA INC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 BRIDGESTONE CORPORATION
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 MICHELIN
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2020 and 2028)
Table 3. Germany: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 8. France: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 9. Italy: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 10. Italy: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 11. Italy: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 12. UK: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 13. UK: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 14. UK: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 15. Russia: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 16. Russia: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 17. Russia: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of Europe: Automotive Tire Aftermarket Market, by Tire type–Revenue and Forecast to 2028 (US$ Million)
Table 19. Rest of Europe: Automotive Tire Aftermarket Market, by Distribution channel–Revenue and Forecast to 2028 (US$ Million)
Table 20. Rest of Europe: Automotive Tire Aftermarket Market, by Rim Size–Revenue and Forecast to 2028 (US$ Million)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Automotive Tire Aftermarket Market Segmentation
Figure 2. Europe Automotive Tire Aftermarket Market Segmentation – By Country
Figure 3. Europe Automotive Tire Aftermarket Market Overview
Figure 4. Europe Automotive Tire Aftermarket Market, by Tire type
Figure 5. Europe Automotive Tire Aftermarket Market, by Country
Figure 6. Europe: PEST Analysis
Figure 7. Europe Automotive Tire Aftermarket Market- Ecosystem Analysis
Figure 8. Europe Automotive Tire Aftermarket Market Impact Analysis of Drivers and Restraints
Figure 9. Europe Automotive Tire Aftermarket Market Revenue Forecast and Analysis (US$ Million)
Figure 10. Europe Automotive Tire Aftermarket Market, by Tire type (2020 And 2028)
Figure 11. Europe Radial tire: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. Europe Bias tire: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 13. Europe Automotive Tire Aftermarket Market, by Distribution channel (2020 and 2028)
Figure 14. Europe OES: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe IAM: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Automotive Tire Aftermarket Market, by Rim Size (2020 and 2028)
Figure 17. Europe 13- 15 Radial tire: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe 16-18: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe 19-21: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. Europe More than 21: Automotive Tire Aftermarket Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe: Automotive Tire Aftermarket Market, by Key Country – Revenue (2020) (US$ Million)
Figure 22. Europe: Automotive Tire Aftermarket Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. Germany: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. France: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Italy: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. UK: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Russia: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Rest of Europe: Automotive Tire Aftermarket Market – Revenue and Forecast to 2028 (US$ Million)
- 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
- ZHONGCE RUBBER GROUP CO. LTD.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe automotive tire aftermarket market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe automotive tire aftermarket market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the automotive tire aftermarket market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution