TechNavio today launched its report Car and Van Aftermarket Tires in Europe 2012-2016 based on an in-depth analysis covering Europe. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Automotive team said: ”The Car and Van Aftermarket Tires in Europe market is highly fragmented. Players in the marketplace include independent companies, manufacturer/OEM-owned dealers, and manufacturer-authorized dealers. The vendors of car and van aftermarket tires in Europe continue to consolidate to remain competitive. The aim to become a desirable supplier prompts the largest producers to acquire smaller companies in the market. In addition, falling prices and reduced profit margins have led to market consolidation, which will make it difficult for small players to stay competitive in the market.”
According to the report, increasing safety concerns is one of the major drivers in the Car and Van Aftermarket Tires in Europe market. The increased occurrence of road accidents has increased safety concerns across Europe, as a result of which various governments across Europe are encouraging the usage of good quality tires in automobiles. This has led to the increase in the usage of winter tires and tubeless tires across Europe. Additionally, the other advantages of tubeless tires such as improved fuel efficiency, improved heat dissipation, and reduced tube cost are propelling the growth of the Car and Van Aftermarket Tires in Europe.
Further, the report states that the increased cost of raw materials is one of the major challenges in the Car and Van Aftermarket Tires in Europe market.
The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this market space are Bridgestone Corp., Compagnie G©n©rale des Etablissements Michelin SCA, Continental AG, and The Goodyear Tire and Rubber Co. The other vendor mentioned in the report is Hankook Tire Co. Ltd.
The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this market space are Bridgestone Corp., Compagnie G©n©rale des Etablissements Michelin SCA, Continental AG, and The Goodyear Tire and Rubber Co. The other vendor mentioned in the report is Hankook Tire Co. Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/car-and-van-aftermarket-tires-europe-20…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Automotive market research, please visit https://www.technavio.com/automotive
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TechNavio Announces the Publication of its Research Report – Car and Van Aftermarket Tires in Europe 2012-2016
