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Europe Tire Market Analysis and Insights:
The Europe Tire Market size is estimated to grow at a CAGR of around 5% during the forecast period, i.e., 2023-28.
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Europe Tire Market Dynamics
Key Driver: Ever-Increasing Demand for Replacement Tires to Cater to the Large Vehicle Fleet
Europe has a massive vehicle fleet, which includes passenger cars, commercial vehicles, and two-wheelers. As the number of these vehicles on the road is increasing, so is the need for replacing their tires, mainly due to their wear & tear over time on account of diverse terrains, climates, & driving conditions. Hence, in order to ensure optimal performance, safety, and fuel efficiency, replacement tires are witnessing huge demand in the region and, consequently, driving the Europe Tire Market.
Europe Tire Market Report Segmentation:
The report has segmented the market into the following categories:
By Type of Vehicle
-Passenger Car
-Light Commercial Vehicle
-Medium & Heavy Commercial Vehicle
-Two Wheelers
-Off the Road (OTR) Vehicles
By Demand Category
-OEM
-Replacement
By Type of Tire
-Radial
-Bias
By Sales Channel
-Direct Sales
-Multi-Brand Outlets
-Exclusive Outlets
-Online
By Season
-All Season
-Winter
By Price Category
-Budget
-Economy
-Premium
By Rim Diameter
-Up to 12”
-12.1” to 15”
-15.1” to 18”
-18.1” to 20”
-20.1” to 26”
-26.1to 35”
– 35.1” to 47”
-Above 47”
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Market Divided by Region/Country:
By Country
-The UK
-Germany
-France
-Italy
-Spain
-Poland
-The Netherlands
-Romania
-Belgium
-Slovakia
-Finland
-Norway
-Sweden
-Denmark
-Rest of Europe
Who are the top Companies in the Europe Tire Market?
Michelin, Continental, Bridgestone, Pirelli, Dunlop, Hankook, Goodyear, Nokian, Yokohama, Cooper Tires, Kumho, Vredestein, Toyo, Others
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