Growth Seen in European On-Road Tyre Markets During November

Europe’s passenger car and light commercial vehicle tyre markets returned to year-on-year growth in November, reports Pirelli. The Italian tyre maker estimates a three per cent year-on-year growth in the region’s (excluding Russia) original equipment market plus replacement market growth of 15 per cent. Year to date, Pirelli’s estimates peg European OE market growth at 13 per cent and the aftermarket at eight per cent.

The region’s truck tyre market also experienced growth during the month, Pirelli reports. It estimates year-on-year growth in the OE market to be 78 per cent while the replacement truck tyre market grew 13 per cent. Year to date growth for Europe’s OE truck tyre market is estimated at 53 per cent, while the aftermarket grew an estimated 18 per cent.