Dublin, July 06, 2023 (GLOBE NEWSWIRE) -- The "Europe PCLT Tire Market Supply & Demand Forecasts to 2028" report has been added to ResearchAndMarkets.com's offering.
The supply of tires across Europe continues to evolve. Sanctions imposed against Russia impacted imports into Western and Central Europe from the second half of 2022.
Nokian is clearly the most affected, and it is in the process of securing alternative capacity, whilst Pirelli has also adjusted its production. Meanwhile Toyo and Linglong have both started production at their new plants in Serbia and Sentury Tire of China has proposed building a plant in Spain.
Whilst demand for new cars in Europe picked up significantly in 2022, recovery in vehicle production, and the original equipment tire market, was held back by major shortages of components, specifically semiconductors. Supply chain disruption continued in 2022, compounded by the conflict between Russia and Ukraine. This has delayed the recovery in the OE tire market, and whilst the impact of supply shortages is now lessening, vehicle demand in the region is now expected to be affected by an economic slowdown brought on by sharply higher inflation.
After sharp declines in 2020, the European PCLT replacement tire market made a strong recovery in 2021 as vehicle kilometres travelled increased. The future outlook is now more uncertain; increased fuel costs slowed the recovery in road traffic during 2022, whilst household budgets and spending are being squeezed across the region.
Meanwhile the supply of tires across Europe continues to evolve. Sanctions imposed against Russia impacted imports into Western and Central Europe in the second half of 2022. Nokian is clearly the most affected, and it is in the process of securing alternative capacity, whilst Pirelli has also adjusted its production. Meanwhile Toyo and Linglong have both started production at their new plants in Serbia and Sentury Tire of China has proposed building a plant in Spain.
This report is provided as a PowerPoint briefing, giving a detailed review of the developments in the European 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 and PCLT tire production capacity by region (West Europe, Central Europe, Russia CIS) 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
Key Topics Covered:
1.0 Global Strategic Overview
2.0 European Light Vehicle Registration & Parc Forecasts
3.0 European Tire Market Forecasts
4.0 European Original Equipment Tire Market Forecasts
5.0 European Replacement Tire Market Forecasts
6.0 European PCLT Tire Capacity Forecasts
7.0 European PCLT Tire Capacity Forecasts by Company
8.0 Western & Central European PCLT Tire Supply Balances
9.0 Russia and Eastern European PCLT Tire Supply Balances
10.0 Data Tables
11.0 Glossary and Definitions
A selection of companies mentioned in this report includes
- Apollo
- Bridgestone
- Continental Tire
- Cooper
- Goodyear
- Hankook
- Linglong
- Michelin
- Nexen
- Nokian
- Pirelli
- Sentury Tire
- Sumitomo Rubber [SRI]
- Toyo
- Yokohama
For more information about this report visit https://www.researchandmarkets.com/r/sj4a80
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
