
Greece Tire Market, By Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCVs), Medium & Heavy Commercial Vehicles (M&HCVs), Off-the-Road (OTR) Vehicles, Two Wheelers); By Demand Category (OEM, Replacement); By Type of Tires (Radial, Bias); By Sale
Description
Liner Hanger System Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019–2029, Segmented By Type (Mechanical Liner Hanger, Hydraulic Liner Hanger, Expandable Liner Hanger); By Location (Onshore, Offshore); By Well Type (Horizontal, Vertical); By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa)
Greece Tire Market Size Set to Grow at Steady CAGR of 2.3% to Reach USD 499.2 Million by 2029
Greece tire market is flourishing due to growing vehicle ownership, increasing urbanization, and a robust tourism industry, advancements in tire technology, road infrastructure development, and environmental regulations promoting fuel-efficient and eco-friendly tires.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Greece tire market size at USD 425.73 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Greece tire market size to grow at a CAGR of 2.3% reaching a value of USD 499.19 million by 2029. The growth of the Greece tire market is primarily driven by several key factors. Firstly, an expanding automotive industry and increasing vehicle ownership rates boost demand for replacement tires. Growing awareness of the importance of road safety and tire maintenance encourages regular tire replacements. Further, the country's thriving tourism sector fuels demand for commercial vehicle tires, as well as rental car and tour bus fleets. Environmental concerns and government regulations promoting fuel-efficient and eco-friendly tires also contribute to market growth. Also, advancements in tire technology, such as improved durability and performance, attract consumers seeking high-quality products.
Tire – Overview
A tire is a crucial component of a vehicle, serving as the only point of contact between the vehicle and the road surface. Typically made of rubber and reinforced with various materials, tires provide traction, support, and cushioning for smooth and safe transportation. They come in various sizes, designs, and types to suit different vehicles and driving conditions, including passenger cars, trucks, bicycles, and motorcycles. Tires play a significant role in vehicle performance, affecting aspects like handling, fuel efficiency, and safety. Regular maintenance, including proper inflation and tread inspection, is essential to ensure tire longevity and roadworthiness.
Impact of COVID-19 on Greece Tire Market
The COVID-19 pandemic had a significant impact on the Greece tire market. Lockdowns and travel restrictions reduced vehicle usage, leading to a decline in tire demand. Manufacturing and supply chain disruptions also affected tire production and availability. With economic uncertainties, consumers postponed non-essential purchases, including tire replacements, impacting sales. However, as restrictions eased, there was a gradual recovery in the market due to pent-up demand and increased emphasis on personal vehicles over public transport. The pandemic accelerated the shift towards e-commerce in tire sales, as consumers sought contactless shopping options. Overall, the Greece tire market experienced a downturn initially but showed signs of resilience and adaptation.
Greece Tire Market - By Type of Tire
On basis of the type of tire, Greece tire market is split into Radial and Bias segments. The radial segment emerges as a larger and more prominent market segment. Radial tires, known for their advanced construction and performance characteristics, have gained significant traction within the Greek market, surpassing bias tires in popularity and market share. This dominance can be attributed to radial tires' superior traction, fuel efficiency, and overall durability, making them the preferred choice among consumers and businesses alike. As a result, radial tires continue to drive growth and innovation in the Greek tire industry, reflecting the evolving preferences of consumers and the automotive sector.
Competitive Landscape
Greece tire market is fiercely competitive. Major companies in the market include Michelin, Bridgestone, Continental, Goodyear, Pirelli, Dunlop, Yokohama, Toyo, Hankook, and Kormoran. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Greece Tire Market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Greece Tire Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Greece Tire Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
240 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. Greece Tire Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Drivers
- 3.2.1.1. Growing vehicle fleet
- 3.2.1.2. Increasing urbanization
- 3.2.1.3. Rising disposable incomes
- 3.2.2. Restraints
- 3.2.2.1. Economic uncertainty
- 3.2.2.2. Counterfeit tires
- 3.2.3. Opportunities
- 3.2.3.1. Development of new tire technologies
- 3.2.3.2. Growth of the tourism industry
- 3.2.4. Challenges
- 3.2.4.1. Competition from foreign tire manufacturers
- 3.2.4.2. High cost of production
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. Greece Tire Market Overview
- 4.1. Market Size & Forecast, 2019–2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Vehicle Type
- 4.2.1.1. Passenger Cars
- 4.2.1.2. Light Commercial Vehicles (LCVs)
- 4.2.1.3. Medium & Heavy Commercial Vehicles (M&HCVs)
- 4.2.1.4. Off-the-Road (OTR) Vehicles
- 4.2.1.5. Two Wheelers
- 4.2.2. By Demand Category
- 4.2.2.1. OEM
- 4.2.2.2. Replacement
- 4.2.3. By Type of Tires
- 4.2.3.1. Radial
- 4.2.3.2. Bias
- 4.2.4. By Sales Channel
- 4.2.4.1. Dealer/Exclusive Outlets
- 4.2.4.2. Online
- 4.2.4.3. Others
- 4.2.5. By Tube Type
- 4.2.5.1. Tube
- 4.2.5.2. Tubeless
- 5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. Greece Tire Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 6. Impact of Covid–19 on Greece Tire Market
- 7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 7.1. Michelin
- 7.2. Bridgestone
- 7.3. Continental
- 7.4. Goodyear
- 7.5. Pirelli
- 7.6. Dunlop
- 7.7. Yokohama
- 7.8. Toyo
- 7.9. Hankook
- 7.10. Kormoran
- 7.11. Other Prominent Players
- 8. Key Strategic Recommendations
- 9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Region
- 9.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 Greece Tire Segmentation
- Figure 2 Greece Tire Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Greece Tire Market Size, By Value (USD Million), 2019–2029
- Figure 5 Greece Tire Market Share, By Vehicle Type, By Value, 2019–2029
- Figure 6 Greece Tire Market Share, By Demand Category, By Value, 2019–2029
- Figure 7 Greece Tire Market Share, By Type of Tires, By Value, 2019–2029
- Figure 8 Greece Tire Market Share, By Sales Channel, By Value, 2019–2029
- Figure 9 Greece Tire Market Share, By Tube Type, By Value, 2019–2029
- List of Tables
- Table 1 Greece Tire Market Size, By Value (USD Million), 2019–2029
- Table 2 Greece Tire Market Share, By Vehicle Type, By Value, 2019–2029
- Table 3 Greece Tire Market Share, By Demand Category, By Value, 2019–2029
- Table 4 Greece Tire Market Share, By Type of Tires, By Value, 2019–2029
- Table 5 Greece Tire Market Share, By Sales Channel, By Value, 2019–2029
- Table 6 Greece Tire Market Share, By Tube Type, By Value, 2019–2029
- Table 7 Michelin Company Overview
- Table 8 Michelin Financial Overview
- Table 9 Bridgestone Company Overview
- Table 10 Bridgestone Financial Overview
- Table 11 Continental Company Overview
- Table 12 Continental Financial Overview
- Table 13 Goodyear Company Overview
- Table 14 Goodyear Financial Overview
- Table 15 Pirelli Company Overview
- Table 16 Pirelli Financial Overview
- Table 17 Dunlop Company Overview
- Table 18 Dunlop Financial Overview
- Table 19 Yokohama Company Overview
- Table 20 Yokohama Financial Overview
- Table 21 Toyo Company Overview
- Table 22 Toyo Financial Overview
- Table 23 Hankook Company Overview
- Table 24 Hankook Financial Overview
- Table 25 Kormoran Company Overview
- Table 26 Kormoran Financial Overview
- Table 27 Other Prominent Players Company Overview
- Table 28 Other Prominent Players Financial Overview
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