- The key vendors in the passenger car tires market in Belgium 2015-2019 are Apollo Vredestein, Bridgestone Europe, Compagnie Générale des Établissements Michelin, Continental AG, Goodyear Dunlop Tires Europe and Pirelli & C SpA
London, 13 July 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the passenger car tires market in Belgium 2015-2019. Tires especially designed for electric vehicles is one of the key trends being witnessed in this market. To address emission-related issues, new advances on the lines of lightweight vehicles, alternative drivetrains, and rolling resistance of tires are evident. Hybrids, plug-in hybrids, and EVs have now become an alternative and the most viable solution to the problem of emissions. The passenger car tires market in Belgium 2015-2019 is expected to grow at a CAGR of 2.38% during the forecast period of 2014-2019.
The passenger car tires market in Belgium has been one of the key markets for the tire manufactures because of the presence of established automakers such as Audi and Volvo. A categorical push to the original equipment manufacturers tires market is expected from electric vehicles, which have positive traction in the country.
“Radio frequency identification technologies have been in use for a long time and are used in a variety of applications ranging from tags in superstores, amusements park tickets, car rental services, and in the field of healthcare,” says Faisal Ghaus, Vice President of Technavio Research.
“Companies have started using RFID tags in their tires that would assist them to track the tires throughout the supply chain.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
