BRIEFING: A review of the European tyre market
The European passenger car tyre market represents 33% of the world total of 994m tyres. Of this, total original equipment accounts for some 28%. The market is expected to grow steadily over the next five years at a rate, according to Michelin, of 2.6% per annum. The growth in the replacement market is predicted to be slightly higher than that in OE. The OE growth is mainly driven by Asia with Europe only growing at 1.5% pa. The replacement growth is fairly balanced throughout the world with the European figure at 3.3% pa.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable