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European Tires Market by Top Players, size, Demands and forecast until 2022

12-26-2017 12:19 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Research Hub

European Tires Market by Top Players, size, Demands and forecast

To understand the European Tires Industry Status worldwide, Market Research Hub (MRH) has included the latest Forecast report titled “European Tires Market Report 2017” to its vast database. This report is a professional and in-depth analysis on the present state and future prospect for the global market. It provides valuable information to the industry insiders, potential entrants or investors. It includes an exhaustive enquiry with the reliability of logic and the comprehensiveness of contents.

Request Free Sample Report: https://www.marketresearchhub.com/enquiry.php?type=S&repid=1434740

"The European Tires Market, 2012 - 2022", a Trend Report by MRH, provides an executive-level overview of the European tires market today, with forecasts of values and volumes up to 2022. It delivers deep quantitative and qualitative insight into the European tires market, analyzing key trends in the market based on proprietary data from MRHs aftermarket databases.

It provides in-depth analysis of the following -
- Market volumes generally grew between 2012 and 2017 with relatively few markets stagnating and even fewer declining.
- Volumes have largely been dictated by relatively steady three-year replacement cycles, although with many motorists deferring tire replacement, particularly in the earlier years of the decade, growth was initially restricted.
- This position has now changed, and all markets except Greece and Slovenia recorded growth over the five year period.
- Over the next five years, many of Europes major tire markets are expected to show small increases in value, as markets continue to recover, sales of new vehicles continue to rise and the parc simultaneously grows and ages.
- Market value is expected to increase steadily between 2018 - 2022. Although value growth is anticipated to be faster than in previous years, an average increase of 19.9% is predicted across the European markets.
- Premium brands will continue to dominate, keeping market value high.
- The online channel is squeezing independent tire fitters. It is especially price sensitive as consumers seek the best prices. As a result, manufacturers and distributors have priced premium products aggressively in order to maintain market share.
- New vehicles are also now required to be fitted with a tire pressure monitoring system (TPMS) which affects the replacement times for tires, requiring more labour and consequently costing more to fit.

Scope

- The volume of tires sold in Europe rose 2.2% between 2016 and 2017.
- Over 47.1 million new tires will be added to the market by 2022, taking the total market volume to 342,654,427
- The value of tires sold in Europe grew by 4.5% between 2016 and 2017.
- The market value is forecast to grow by 19.6% between 2018 and 2022 to reach 39,481.9m.
- Market growth is being driven by manufacturers continuing to chase fuel efficiency gains through the use of different compounds and lightweight construction methods, consumer demand for premium tires over mid-range or budget tires and the continuing trend for vehicles to roll on super-sized rims.
- Tire specialists continue to lead the market in terms of value and volume shares, but increasingly VMNs and the online channel are taking a growing share. The online channel - often supplemented by mobile fitment options - are becoming increasingly popular.

Reasons to buy

- This Trend Report helps executives build proactive, profitable growth strategies by offering comprehensive, relevant analysis of the European tires market based on insights from within MRHs proprietary aftermarket database, consumer insight from our bespoke annual survey and interviews with industry experts.
- The report is designed for an executive-level audience, boasting presentation quality that allows it to be turned into presentable material immediately.
- The broad but detailed perspective will help manufacturers and retailers to understand and succeed in the challenging tires market.

Browse Full Report with TOC: https://www.marketresearchhub.com/report/the-european-tires-market-2012-2022-market-size-market-forecast-and-recommendations-report.html

Table of Content:

List of exhibits 4
Executive summary 5
Outlook 8
Section 1: Sector Trends 12
Section 2: Market Size: Volumes & Values 2012 - 2017 18
Section 2: Tires: Market Overview 2012 - 2017 19
Section 2: Tires: Market Volumes 2012 - 2017 21
Section 2: Tires: Market Values 2012 - 2017 26
Section 3: Market Forecast: Volumes & Values 2018 - 2022 32
Section 3: Tires: Market Overview 2018 - 2022 33
Section 3: Tires Rod Ends: Market Volumes 2018 - 2022 34
Section 3: Tires Rod Ends: Market Values 2018 - 2022 39
Section 4: Channel Shares 2017/ 2022 45
Tires: Channel Shares 2017 46
Tires: Channel Shares 2022 50
Appendix 52
Related Research 53
Featured Countries 54
Ask the Analyst 55

.. @@ continued

Enquire About This Report: https://www.marketresearchhub.com/enquiry.php?type=S&repid=1434740

About Market Research Hub

Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of Tyres market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

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