Figures from the European Tyre and Rubber Manufacturers Association (ETRMA) show first quarter double digit growth in almost all tyre segments.
The first quarter saw the consumer segment grow by 10% and the truck and bus sector by 16%.
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When evaluating national results for these two segments, almost all countries showed an increase, which was particularly high for the DACH region (Germany, Switzerland and Austria), which boosted total European sales.
Agricultural tyres also showed a 7% growth, while motorcycle and scooter tyres grew by 12%.
“A good start is half the battle and we can expect also in the coming months a positive development of the market, with a growth between 3 to 4% at the end of the year, compared to 2013,” said ETRMA secretary general, Fazilet Cinaralp.
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By GlobalData
