Europe PCLT Tire Market Supply & Demand Forecasts to 2028

Whilst demand for new cars in Europe picked up significantly in 2021, recovery in vehicle production, and the original equipment tire market, was held back by major shortages of components, specifically semiconductors.

Supply chain disruption continued in 2022, compounded by the conflict between Russia and Ukraine. This has delayed the recovery in the OE tire market, and whilst the impact of supply shortages is now lessening, vehicle demand in the region is now expected to be affected by an economic slowdown brought on by sharply higher inflation.

After sharp declines in 2020, the European PCLT replacement tire market made a strong recovery in 2021 as vehicle kilometres travelled increased. The future outlook is now more uncertain; increased fuel costs have slowed the recovery in road traffic, whilst household budgets and spending are being squeezed across the region.

Meanwhile, the supply of tires across Europe continues to evolve. Sanctions imposed against Russia have impacted imports into Western and Central Europe since the second half of 2022. Nokian is clearly the most affected, and it is in the process of securing alternative capacity, whilst Pirelli has also adjusted its production. Toyo and Linglong have both started production at their new plants in Serbia and Sentury Tire of China has proposed building a plant in Spain.    

This report is provided as a PowerPoint briefing, giving a detailed review of the developments in the European PCLT tire market and forecasts for the period to 2028.

• The data-pack is a spreadsheet with detailed data on PCLT original equipment and replacement tire volumes and PCLT tire production capacity by region (West Europe, Central Europe, Russia CIS) and country from 2018 and forecasts to 2028.
• The data-pack includes forecasts of new light vehicle registrations and light vehicle parc by country to 2028

Country coverage:

• West Europe: Austria, Belgium  & Luxembourg, Cyprus, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom;
• Central Europe: Baltic States, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia
• East Europe: Russia, Belarus, Uzbekistan

This package includes post-purchase analyst support

TABLE OF CONTENTS

1.0 Global Strategic Overview

Fig 1 Global Light Vehicle Registrations by Region 2019-2022

Fig 2 Global Light Vehicle Registrations by Region Forecast to 2028

Fig 3 Impact of CASE Trends on Future Tire Demand

2.0 European Light Vehicle Registration  & Parc Forecasts to 2028

Fig 4 Quarterly Change in New Registrations by Country to Q2-2023

Fig 5 European Light Vehicle Registrations by Country Forecast to 2028

Fig 6 Indexed trends in European Personal Mobility to 2022

Fig 7 European Light Vehicle Parc by Region Forecast to 2028

Fig 8 European Light Vehicle Parc by Country Forecast to 2028

Fig 9 European Light Vehicle Parc Density by Region Forecast to 2028

Fig 10 European Light Vehicle Parc Density by Country 2017-2022

3.0 European Tire Market Forecasts to 2028

Fig 11 European Original Equipment and Replacement PCLT Tire Segments Forecast to 2028

Fig 12 European Original Equipment and Replacement PCLT Tire Volume by Country Forecast, 2028

Fig 13 Share of OE and Replacement PCLT Tire Volumes by Country Forecast, 2028

Fig 14 Market Potential - Tires for Plug-In Electric Cars in Europe to 2030

4.0 European Original Equipment Tire Market Forecasts to2028European OE Tire Market Development

European OE Tire Market Developments by Vehicle Manufacturer

Fig 15 European OE PCLT Tire Volume by Country 2019-2022

Fig 16 European OE PCLT Tire Volume by Region Forecast to 2028

Fig 17 European OE PCLT Tire Volume by Country Forecast to 2028

Fig 18 Share of European OE PCLT Tire Volume by Country 2028

European OE Tire Market Development by Country (Germany, Spain, France)

European OE Tire Market Development by Country (Russia)

European OE Tire Market Development by Country (United Kingdom)

European OE Tire Market Development by Country (Czech Republic, Slovakia)

European OE Tire Market Development by Country (Italy, Hungary, Poland)

5.0 European Replacement Tire Market Forecasts to 2028

Fig 19 European Replacement PCLT Tire Volume by Country 2019-2022

Fig 20 European Replacement PCLT Tire Volume by Region Forecast to 2028

Fig 21 European Replacement PCLT Tire Volume by Country Forecast to 2028

Fig 22 Share of European Replacement PCLT Tire Volume by Country 2028

Fig 23 Value of the European Replacement PCLT Tire Market to 2022

Fig 24 Market Segmentation, Summer, Winter and All-Season Tires

Fig 25 European Replacement PCLT Tire Volume by Rim Diameter Forecast to 2028

Fig 26 Segmentation of ≥18" European Replacement Tire Volumes Forecast to 2028

6.0 European PCLT Tire Capacity Forecasts to 2028

Fig 27 European PCLT Tire Manufacturing Capacity by Region 2013-2028

Fig 28 Share of European PCLT Tire Manufacturing Capacity by Region 2013-2028

Fig 29 European PCLT Tire Manufacturing Capacity by Country, 2013 & 2028

Fig 30 Net Change in European PCLT Tire Manufacturing Capacity by Country, 2013-2028

Fig 31 PCLT Tire Manufacturing Capacity in Central  & Eastern Europe, 2013-2028

Fig 32 PCLT Tire Manufacturing Capacity in Western Europe, 2013-2028

Fig 33 Share of PCLT Tire Manufacturing Capacity by Country,2022

Fig 34 Average PCLT Tire Plant Capacity Region, 2013-2028

Fig 35 Average PCLT Tire Plant Capacity Country, 2013  & 2028

7.0 European PCLT Tire Capacity Forecasts by Company to 2028

Fig 36 Net Change in European PCLT Tire Manufacturing Capacity by Company, 2013-2028

Fig 37 Net Change in European PCLT Tire Manufacturing Capacity by Company, 2013-2022 and 2023-2028

Fig 38 European PCLT Tire Manufacturing Capacity by Company,2013-2028

Fig 39 Net Change in European PCLT Tire Manufacturing Capacity by Company and Region, 2013-2028

Fig 40 PCLT Tire Manufacturing Capacity by Company and Region, 2013-2028

8.0 Western  &Central European PCLT Tire Supply Balances

Fig 41 Western  &Central European PCLT Tire Production & Capacity Utilisation, 2017-2022

Fig 42 Western  &Central European PCLT Tire Supply Balances, 2017-2022

Fig 43 EU-27+UK PCLT Tire Imports (units), 2017-2022

Fig 44 EU-27+UK PCLT Tire Imports from Russia, Belarus, Ukraine, 2017-2022

Fig 45 EU-27+UK PCLT Tire Imports by Source, 2019-2022

Fig 46 EU-27+UK PCLT Tire Exports to Russia, Belarus, Ukraine, and the Rest of Region 2017-2022

9.0 Russia and Eastern European PCLT Tire Supply Balances

Fig 47 PCLT Tire Demand in Eastern Europe, 2017-2022

Fig 48 PCLT Tire Demand in Russia by Segment, 2017-2022

Fig 49 Tire Production in Russia by Segment 2013-2022

Fig 50 PCLT Tire Capacity Utilisation in Russia, 2013-2022

Fig 51 Structure of PCLT Tire Manufacturing Capacity in Eastern Europe, 2008-2028

Fig 52 Share of Competitors Capacity located in Russia, 2022

Fig 53 Export Share of Competitors PCLT Tire Production in Russia, 2022

Fig 54 PCLT Tire Imports into Russia, 2013-2022

Fig 55 Import Penetration in the Russian PCLT Tire Market, 2013-2022

Fig 56 Russian PCLT Tire Imports by Source, 2017-2022

Fig 57 Russian PCLT Tire Exports, 2013-2022

Fig 57 Russian PCLT Tire Exports by Destination, 2017-2022

10.0 Data Tables

Table 1 European Original Equipment Tire Market Demand By Region and Country 2018-2028

Table 2 Growth in European Original Equipment Tire Market Demand By Region and Country 2018-2028

Table 3 Share of European Original Equipment Tire Market Demand By Region and Country 2018-2028

Table 4 European Replacement Tire Market Demand By Region and Country 2018-2028

Table 5 Growth in European Replacement Tire Market Demand By Region and Country 2018-2028

Table 6 Share of European Replacement Tire Market Demand By Region and Country 2018-2028

Table 7 European New Vehicle Registrations by Region and Country 2018-2028

Table 8 European Light Vehicle Parc by Region and Country 2018-2028

11.0 Glossary and Definitions

TABLE OF CONTENTS – EXCEL DATA PACK

Europe – Original Equipment PCLT Tire Market Forecast

Europe - Replacement PCLT Tire Market Forecast

Europe - PCLT Tire Production Capacity Forecast

Europe - New Light Vehicle Registrations

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