Passenger Car Tires Market in the UK 2015-2019

Passenger Car Tires Market in the UK 2015-2019

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USA – CANADA – UK – CHINA – INDIA


The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Buying Criteria

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

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Passenger Car Tires Market in the UK 2015-2019,

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Key Trends

Technavio’s Senior Analyst says, “Over the years, the prospects of the market have improved primarily based on the demand generated from multiple vehicle segments, especially from the passenger car segment. Other industry verticals that need specific tires based on differentiated applications include the defense, aviation, construction, mining, and agricultural sectors.”

• The automotive industry in the UK is one of the critical industries as it contributes around 4% to the UK's GDP. The global economic recession of 2008-209 had negatively impacted this industry and was further affected by the eurozone crisis. The industry experienced the negative effects of such incidents only for a short term.

• Technavio's analysts forecast the passenger car tires market in the UK to grow at a CAGR of 2.98% over the period 2014-2019.

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver, challenge

and trend isavailable in our report:



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Vendors

To understand the vendor landscape and for a full list of vendors view our report:


Apollo Vredestein

Bridgestone Europe

Continental

Apollo Vredestein was established in 1946 and is headquartered in Enschede, Netherlands. The company designs, manufactures, and markets a comprehensive range of tires for cars, two wheelers, and agricultural and industrial vehicles.

Bridgestone Europe was founded in 1990 and is headquartered in Zaventem, Belgium. The company operates as a subsidiary of Bridgestone.

Continental was founded in 1871 and is headquartered in Hannover, Germany. It is an automotive manufacturing company that manufactures brake systems, tires, automotive safety systems, powertrain components, chassis components, and other parts for the Automotive industry.




Market Landscape

• The market is a derived market with its growth or decline depending on the sales of passenger cars and the demand from the replacement market.

• The automotive market in the UK is one of the most mature markets in the world, yet it offers many growth opportunities for manufacturers in terms of volume and revenue.

• For tire manufacturers, the OEM segment forms an important source of revenue and is critical to the industry's growth.

• The economic recession of 2008 negatively impacted the tire industry as the recession curtailed consumers' spending capacity on purchasing new vehicles.


Market OutlookGuest Bloggers• There has been an increase in focus nowadays on environmental protection by

governments and authorities worldwide.

• Being a key industry, the automotive industry too is subject to the emissions regulations adopted worldwide.

• Over time, manufacturers have been focusing on reducing vehicle weight, alternate drivetrains, and changes in tire tread patterns and designs to ensure their contribution to reducing harmful emissions.

• To that end, the concept of eco-friendly tires has been gaining popularity.

• The concept of eco-friendly tires deals with the environmental effects of the tire manufacturing process, the impact tires have on the environment during their life, and the effect of tires on the environment after they are disposed.

• Tire manufacturers are trying to focus on raw materials, rolling resistance, and recycling of tires to reduce the impact on the environment.

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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Passenger Car Tires Market in the UK 2015-2019

Automotive

Transcript of Passenger Car Tires Market in the UK 2015-2019