Whilst demand for new cars in Europe picked up significantly in 2021, the recovery in the volume of new vehicles produced - and therefore the original equipment tire market - was held back by shortages in the supply chain, specifically semiconductors.
Shortages continued in 2022, compounded by the conflict between Russia and Ukraine, delaying the recovery in the OE tire market. Whilst supply chain issues have improved significantly, vehicle demand (and production) in the region will continue to be affected by the tougher economic environment.
After sharp declines in 2020, the European PCLT replacement tire market made a strong recovery in 2021 as vehicle miles travelled increased sharply. The tougher economic environment has limited the recovery in road traffic in 2022 and 2023. The PCLT tire sell-out market has been impacted by economic conditions, constraining growth in consumer spending, whilst sell-out volumes have been impacted in 2023 by de-stocking as supply chains improve, reducing the need for buffer stocks.
This report is provided as a PowerPoint briefing, giving a detailed review of the developments in the European original equipment and replacement PCLT tire market and forecasts for the period to 2028.
The Excel data-pack contains detailed data on PCLT original equipment and replacement tire volumes by region (West Europe, Central Europe) and country from 2018 and forecasts to 2028.
The data-pack also includes forecasts of new light vehicle registrations and light vehicle parc by country to 2028
Country coverage:
West Europe: Austria, Belgium & Luxembourg, Cyprus, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom;
Central Europe: Baltic States, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia
Fig 1 Global Light Vehicle Registrations by Region 2019-2022
Fig 2 Global Light Vehicle Registrations by Region Forecast to 2028
Fig 3 Impact of CASE Trends on Future Tire Demand
Fig 4 Quarterly Change in New Registrations by Country to Q2 2023
Fig 5 European Light Vehicle Registrations by Country Forecast to 2028
Fig 6 European Light Vehicle Parc by Region Forecast to 2028
Fig 7 European Light Vehicle Parc by Country Forecast to 2028
Fig 8 European Light Vehicle Parc Density by Region Forecast to 2028
Fig 9 European Light Vehicle Parc Density by Country Forecast to 2028
Fig 10 Trends in European Personal Mobility Indexed to 2002
Fig 11 European Original Equipment and Replacement PCLT Tire Segments Forecast to 2028
Fig 12 European Original Equipment and Replacement PCLT TireVolume by Country Forecast, 2028
Fig 13 Share of OE and Replacement PCLT Tire Volumes by Country Forecast, 2028
European OE Tire Market Development European OE Tire Market Developments by Vehicle Manufacturer
Fig 14 European OE PCLT Tire Volume by Country 2019-2022
Fig 15 European OE PCLT Tire Volume by Region Forecast to 2028
Fig 16 European OE PCLT Tire Volume by Country Forecast to 2028
Fig 17 Share of European OE PCLT Tire Volume by Country 2028
European OE Tire Market Development by Country (Germany, Spain, France)
European OE Tire Market Development by Country (Rest of West Europe)
European OE Tire Market Development by Country (Central Europe)
Fig 18 European Replacement PCLT Tire Volume by Country 2019-2022
Fig 19 European Replacement PCLT Tire Volume by Region Forecast to 2028
Fig 20 European Replacement PCLT Tire Volume by Country Forecast to 2028
Fig 21 Share of European Replacement PCLT Tire Volume by Country 2028
Fig 22 Value of the European Replacement PCLT Tire Market to 2022
Fig 23 Market Segmentation, Summer, Winter and All-Season Tires
Fig 24 European Replacement PCLT Tire Volume by Rim Diameter Forecast to 2028
Fig 25 Segmentation of ≥18" European Replacement Tire Volumes Forecast to 2028
Table 1 European Original Equipment Tire Market Demand By Region and Country 2018-2028
Table 2 Growth in European Original Equipment Tire MarketDemand By Region and Country 2018-2028
Table 3 Share of European Original Equipment Tire MarketDemand By Region and Country 2018-2028
Table 4 European Replacement Tire Market Demand By Regionand Country 2018-2028
Table 5 Growth in European Replacement Tire Market Demand By Region and Country 2018-2028
Table 6 Share of European Replacement Tire Market Demand By Region and Country 2018-2028