UK Tire Market to see Rapid Growth by 2028

UK's tire market is expected to witness a modest growth at a CAGR of 2.0% during the forecast period (2020-2026). The country is one of the major vehicle industries all across the globe. As per the OICA, the country produced around 1.4 million vehicles in 2019. Out of this, 1.3 million were passenger cars and around 78,000 were commercial vehicles. The country has a vehicle fleet of around 40 million in 2018. Out of this, the share of passenger cars was 34.9 million, whereas the commercial vehicle was 5.1 million in 2018. However, decreasing vehicle sales, and Brexit are some of the restraining factors for the country’s market. 

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UK tire market is segmented on the basis of vehicle type, road application, construction, tire type, and sales channel. By the sales channel, the market is bifurcated into OEM and aftermarket. OEM is expected to hold a major market share during the forecast period. 

full report of UK Tire Market available @ https://www.omrglobal.com/industry-reports/uk-tire-market

  • Market Coverage
  • Market number available for – 2022-2028
  • Base year- 2021
  • Forecast period- 2022-2028
  • Segment Covered- By Source, By Product Type, By Applications
  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill 
  • , and others

Market Segmentation

UK Automotive Tire Market By Vehicle Type

  • Passenger Cars 
  • Light & Medium Commercial Vehicle 
  • Heavy Commercial Vehicle 
  • Two-Wheeler
  • Other (Construction, Agricultural, Customized Sports)

UK Automotive Tire Market By Road Application 

  • All-Season Tire 
  • Summer Tire 
  • Winter Tire 
  • Other (All-Terrain Tire)

UK Automotive Tire Market By Construction

  • Radial Tire 
  • Bias Ply Tire

UK Automotive Tire Market By Tire Type

  • Tubeless Tire 
  • Tubbed Tire 

UK Automotive Tire Market By Sales Channel 

  • OEM (Original Equipment Manufacturer)
  • Aftermarket (Replacement)

Company Profiles

  • Apollo Tires Ltd.
  • Bridgestone Corp.
  • Cheng Shin Rubber Ind. Co. Ltd.
  • Continental AG
  • Cooper Tire & Rubber Co.
  • Goodyear Tire and Rubber Co.
  • Hankook Tire Co. Ltd.
  • Michelin Group
  • Pirelli & C. S.p.A.
  • Toyo Tire Corp.
  • Trelleborg AB

The Report Covers

  • Comprehensive research methodology of the UK Tire market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the UK Tire industry.
  • Insights about market determinants which are stimulating the UK Tire market.
  • Detailed and extensive market segments with regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.

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Posted in Business blogs on December 09 at 05:06 AM

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