Latest update: April 2023

Whilst demand for new cars in Europe picked up significantly in 2021 and 2022, recovery in vehicle production and the original equipment tire market was held back by major shortages of components, specifically semiconductors. Supply chain disruption was 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 expected 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 kilometres travelled increased. The recovery slowed in 2022 and into 2023, however, as increased fuel costs put pressure on growth road traffic and now household budgets and spending are being squeezed across the region.

Meanwhile the supply of tires across Europe continues to evolve. Sanctions imposed against Russia have ended imports into Western and Central Europe from the second half of 2022. Nokian was clearly the most affected, and it is in the process of securing alternative capacity, including building a new plant in Romania. Pirelli has also adjusted its production, shifting some sourcing to Romania and Turkey. Elsewhere, 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

Country coverage: West Europe: Austria, Belgium & Luxembourg, Cyprus, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom; Central & East Europe: Baltic States, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Serbia, Slovakia, Slovenia

Format: PDF report and Excel data-book

Price: £2,995 (Country Licence; please enquire for other licences)

Product ID: GRR0012

• Existing subscribers to Tyres & Accessories and Tyrepress.com can acquire these reports at a special price (sign in and your special price will be applied automatically).

• If you do not currently subscribe, you will receive a complimentary 12-month subscription to Tyres & Accessories magazine alongside full access to Tyrepress.com.

Latest update: April 2023

Whilst demand for new cars picked up significantly in 2021, both in the domestic Asia Pacific sector and key vehicle export destinations, the recovery in the volume of new vehicles produced – and therefore the original equipment tire market – has been held back by shortages in the supply chain, specifically semiconductors. Supply chain disruption continued in 2022, compounded by the conflict between Russia and Ukraine and Covid-related lockdowns in China. This delayed the recovery in the OE tire market. Whilst the impact of supply chain issues is now lessening, vehicle demand in some export regions – particularly Europe – has been affected by economic uncertainty caused by sharply higher inflation.

Whilst the PCLT replacement tire market in the Asia Pacific region began to recover in 2021, following the sharp declines in 2020, Covid-related disruption continued in 2022. This was most notable in the region’s biggest market, China where a strict lock-down policy has limited mobility, impacting replacement tire sales. Although the strict lock-down policy has been abandoned, consumers have not yet fully returned to their previous habits.

This report is provided as a PowerPoint briefing, giving a detailed review of the developments in the Americas replacement PCLT tire market and forecasts for the period to 2028.

The Excel data-pack contains detailed data on PCLT replacement tire volumes by region (Greater China, Japan & Korea, ASEAN, India, Oceania, Rest of Asia Pacific) 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: China, Japan, India, South Korea, Thailand, Indonesia, Malaysia, Vietnam, Taiwan, Australia, New Zealand, Rest of Asia Pacific

Format: PDF report and Excel data-book

Price: £1,995 (Country Licence; please enquire for other licences)

Product ID: GRR0009

• During the month of October, existing subscribers to Tyres & Accessories and Tyrepress.com can acquire these reports at a special price (sign in and your special price will be applied automatically).

• If you do not currently subscribe, you will receive a complimentary 12-month subscription to Tyres & Accessories magazine alongside full access to Tyrepress.com.

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