All-season Tire Market in Europe to Reach USD 3.42 Billion by 2024, Bridgestone Corp. and Continental AG Emerge as Key Contributors to Growth | Technavio

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the all-season tire market in Europe and it is poised to grow by USD 3.42 billion during 2020-2024, progressing at a CAGR of almost 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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This Report Addresses:

• The market size from 2020-2024
• Expected market growth until 2024
• Forecast of how market drivers, restraints, and future opportunities will affect the market dynamics
• Segments and regions that will drive or lead market growth and why
• Comprehensive mapping of the competitive landscape
• In-depth analysis of key sustainability strategies adopted by market players

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Frequently Asked Questions-

• Based on segmentation by end-user, which is the leading segment in the market?

• The aftermarket segment is expected to be the leading segment in the global market.

• What are the major trends in the market?

• The implementation of regulations pertaining to the use of all-season tires is one of the major trends in the market.

• At what rate is the market projected to grow?

• Growing at a CAGR of almost 9%, the incremental growth of the market is anticipated to be USD 3.42 billion.

• Who are the top players in the market?

• Bridgestone Corp., Continental AG, Cooper Tire and Rubber Co., Hankook Tire Co. Ltd., Michelin Group, Nokian Tyres Plc, Pirelli Tyre Spa, Sumitomo Rubber Industries Ltd., The Goodyear Tire & Rubber Co., and Yokohama Rubber Co. Ltd. are some of the major market participants.

• What are the key market drivers and challenges?

• Growing adoption of nanotechnology is one of the major factors driving the market. However, the volatility of raw material prices restraints the market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Bridgestone Corp., Continental AG, Cooper Tire and Rubber Co., Hankook Tire Co. Ltd., Michelin Group, Nokian Tyres Plc, Pirelli Tyre Spa, Sumitomo Rubber Industries Ltd., The Goodyear Tire & Rubber Co., and Yokohama Rubber Co. Ltd. are some of the major market participants. The growing adoption of nanotechnology will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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All-season Tire Market in Europe 2020-2024: Segmentation

All-season Tire Market in Europe is segmented as below:

• End-user
  • Aftermarket
  • OEMs
• Distribution Channel
  • Offline
  • Online

All-season Tire Market in Europe 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The all-season tire market in Europe report covers the following areas:

• All-season Tire Market in Europe Size
• All-season Tire Market in Europe Trends
• All-season Tire Market in Europe Analysis

This study identifies implementation of regulations pertaining to the use of all-season tires as one of the prime reasons driving the all-season tire market growth in Europe during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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All-season Tire Market in Europe 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist all-season tire market growth in Europe during the next five years
• Estimation of the all-season tire market size in Europe and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the all-season tire market in Europe
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of all-season tire market vendors in Europe

Table of Contents:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019-2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• Aftermarket - Market size and forecast 2019-2024
• OEMs - Market size and forecast 2019-2024
• Market opportunity by End-user

Market Segmentation by Distribution channel

• Market segments
• Comparison by Distribution channel
• Offline - Market size and forecast 2019-2024
• Online - Market size and forecast 2019-2024
• Market opportunity by Distribution channel

Customer Landscape

• Volume drivers – Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Bridgestone Corp.
• Continental AG
• Cooper Tire and Rubber Co.
• Hankook Tire Co. Ltd.
• Michelin Group
• Nokian Tyres Plc
• Pirelli Tyre Spa
• Sumitomo Rubber Industries Ltd.
• The Goodyear Tire & Rubber Co.
• Yokohama Rubber Co. Ltd.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

   

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