European Tyre Markets Experience Steady Growth in 2010

Market figures released by Pirelli Tyre show Europe’s OE passenger car and light commercial vehicle tyre market to have grown 13 per cent year-on-year during 2010, while eight per cent growth was witnessed in the replacement market. The tyre maker’s information for the European truck tyre market shows 18 per cent growth in the replacement segment during the year. Information for the OE truck sector is currently not available.

During the month of December Europe’s OE passenger car and light commercial vehicle tyre market grew ten per cent year-on-year, with overall growth in the fourth quarter of 2010 reported by Pirelli to be five per cent. The replacement segment saw growth of 15 per cent in December and seven per cent in the fourth quarter. European truck tyre market figures are not yet available for the OE segment, however in the replacement segment Pirelli states that 25 per cent year-on-year growth occurred in December, while overall growth in the fourth quarter stood at nine per cent.