UK car tyre market relatively flat, but growth persists in high rim diameter, all-season segments
The picture painted by this February’s snapshot of the UK passenger car and light truck tyre segment is on the face of it one of relative stability, with little change in price tier segmentisation, and relatively moderate movement in the value and unit share of even the premiumised tyre segments. However, part of this is the somewhat glacial pace at which the mature car tyre markets of Western Europe develop. Within these slight movements are contained the continuing story of a market increasingly enamoured of the low-cost budget segment, and the ways in which premium tyre makers are focused on differentiation in higher technology segments like the all-season tyre market, and such growth areas as SUVs.