As of 2021-22, the European tyre market was valued at around USD44,996.46 million; this figure is predicted to rise by 3.84 percent during the forecast timeframe. Passenger vehicles and two-wheelers are more popular modes of mobility for Europeans than public transit. This is a contributing element to the increase in automobile sales across the globe. As a result of this growing demand, the area’s car manufacturing and automobile fleet are also growing. As a result of these reasons, Continental tyres Braintree demand, both for OEMs and aftermarkets, is expected to expand rapidly in the coming years.
UHP and LRR tyres represent the most rapidly expanding advancements and market segments in the tyre industry. With the major OEMs moving into this space to ensure that the greater net revenues are available. Light trucks are becoming more popular among travellers. There is also a demand for larger OEM tyre sizes and/or edge dimensions in the elite segment. Despite the fact that they are now advancing approaching their logical cut-off thresholds, they remain. Tyre industry research is an essential aspect of this step.
TYRE INDUSTRY FACTS
The range of sub and sizes offered by the tyre industry has expanded dramatically since the turn of the millennium. To meet customers’ demands, the delivery cycle is becoming shorter and stockrooms aren’t overflowing with goods. Let’s take a closer look at these facts:
- Multi-size and multi-type tyre production is becoming more and more common at a single tyre factory, especially new construction. For example, bicycles and gear tailored to a certain tyre size or type are considered here. And it’s possible to greatly reduce the complexity of the situation while increasing efficiency.
- To help tyre manufacturers deal with the challenges of global competition and union, innovative progress, and outdated quality management, automation has remained a key component. Computer-aided reasoning with a high degree of automation Industry 4.0, or the fourth modern upheaval, has been represented as including adaptive computations.
- Due to the irregular currents of air travelling across the Atlantic, Europe is susceptible to unfavourable weather patterns. All over North America, winter and all-weather tyres are in high demand because of the region’s bitter cold and soggy springtime. In addition, tyres wear out quickly in changeable weather conditions, so customers need to replace their tyres more regularly. The European tyre industry is benefiting from such circumstances.
- The govt says that car tyres must be in change after a certain amount of time and has to have a minimum depth of 3mm in the tread pattern. Because of this, the replacement tyre market becomes increasingly crowded. Winters and snow tyres must be for use only during the winter months in most European nations, where gov’ts have tight rules and policies. This is to have a big impact on the regional tyre market.
GREEN TYRES GROWING INDUSTRIAL MARKET
To say it simply, green tyres are constructed from sustainable and bio-sourced elements that are much more environmentally friendly to manufacture than regular tyres. When compared to ordinary rubber tyres, green tyres are both more wear-efficient and more road-resistant. As a result, green tyre use is increasing. As a result, tyre sales should continue to rise over the coming five years for the same reason.
EUROPEAN TYRE RECYCLING ASSOCIATION
To promote Europe’s autonomous tyre recycling industry, ETRA is the sole pan-European org. ETRA is the sector’s official representative in Brussels and a prominent player in several research initiatives. To assist in bringing new answers to old issues by bringing in new partners and seeking financing. Connecting together the worlds of science and business to develop high-value solutions. ETRA has an interest in promoting tyre recycling to a broader audience. And the variety of applications for tyre-derived compounds. Increasing the value of the reprocessing by moving it up the value chain.
As a method to raise awareness about the possibilities of tyre-derived substances as a substitute for exploiting important natural supplies or as the basic raw material for innovative ways to produce high-value goods such as Silicon Carbide, ETRA sponsors many meetings each year in this area.
TYRE MARKET GROWTH DURING COVID-19
When it came to health and business, COVID-19 was a tragic moment. As a result, the market fell. The market, on the other hand, seems to be on the mend after the financial setbacks caused by COVID-19. Most workers are still operating from the house as a result of the shift in working habits brought on by COVID-19, but this is resulting in a drop in the number of people who rely on mobility solutions to go to and from work. As a result of the current work-from-home trend, a large number of customers are avoiding driving themselves to work. Longer tyre life due to less commercial vehicle usage might slow the replacement tyre market’s growth pace in the area in the future years.
Note:
Tyre manufacturers must balance their production runs with requests, however, smaller item ranges and more complicated item mixes cause issues in the org of production and daily operations in the plant. In order for a tyre factory to be efficient, a well-thought-out production strategy is an imp. An in-depth, forward-looking development strategy is essential at any stage of a new cycle, regardless of whether it is a wasteland or a greenfield growth.
EUROPEAN TYRE MARKET CLASSIFICATION
Vehicle style, demand group, tyre building type, rim size and sales channel are some of the segments of the Europe tyre market. Passenger cars, light business vehicles, light and medium industrial vehicles, two-wheelers, and OTR make up the vehicle type market. Oem and replacing categories are for use to track the market. Radial and bias tyres make up the majority of the market, but there are some niches within each type. Customers can choose between 19″-19″ tyres and 20″-25″ tyres, and tyres over 25″ are in sell under three separate categories. Digital and offline marketing channels are in use to divide the market. The market is in division into Germany, Russia, and other countries. The countries of France, Italy, Spanish, the Uk, Poland, the Netherlands, Belgium, the Slovak Republic, Romania, and Hungary are all part of the European Union.
CONCLUSION
92% of EU homes will have net connectivity by the end of 2021, as per Eurostat. A rise of almost 20% from 2011 (about a 72% increase). In 2021, roughly 66% of EU citizens aged 16 to 74 years ordered or purchased products or services for their own use through the web. A 15% increase above 2016 levels was present (around a 51 percent increase). As a result of these severe changes, people are more willing to Buy Tyres Braintree online throughout the area, which in turn is boosting tyre sales in the coming years.
