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Passenger Car Tires Market in Belgium 2015-2019

Passenger Car Tires Market in Belgium 2015-2019

About Passenger Car Tires Market in Belgium

The passenger car tires market in Belgium is one of the key markets for tire manufacturers due to the presence of established automakers such as Audi and Volvo. Prior to the economic recession and eurozone crisis, the demand from OEMs as well as the replacement sector had been steady due to a sedate increase in new car sales. The automotive industry in Belgium is one of the key export industries. In 2014, vehicle export in Belgium accounted for approximately 9.7% of total products exported from the country. The country's location also serves beneficial for vehicle manufacturers to utilize Antwerp port to export vehicles. The Flanders region is equally important for automakers as it has several attractive tax schemes and incentives for manufacturers, especially for those invest in R&D projects. Post-recession, the industry has been undergoing several changes to adjust to the effects of the eurozone crisis.

Technavio's analysts forecast the passenger car tires market in Belgium to grow at a CAGR of 2.38% over the period 2014-2019.

Covered in this Report

The report covers the present scenario and the growth prospects of the passenger car tires market in Belgium for the period 2015-2019. Based on distribution channel, the passenger car tires market in Belgium can be segmented into two: OEM and replacement. To calculate the market size, the report considers revenue generated through sales from these two segments.

Technavio's report, Passenger Car Tires Market in Belgium 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Vendors

  • Apollo Vredestein
  • Bridgestone Europe
  • Continental
  • Goodyear Dunlop (EMEA)
  • Michelin
  • Pirelli
Other Prominent Vendors
  • Cooper Tire & Rubber
  • Debica
  • Hankook Tire Group
  • Nankang Rubber Tire
  • Nokian Tyres
  • Syron Tires
Key Market Driver
  • Improving Economic Conditions
  • For a full, detailed list, view our report
Key Market Challenge
  • Availability of Imported Tires
  • For a full, detailed list, view our report
Key Market Trend
  • Tires Designed for EVs
  • For a full, detailed list, view our report
Key Questions Answered in this Report
  • What will the market size be in 2019 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Passenger Car Tires Market in Belgium 2015-2019

Technavio recognizes the following companies as the key players in the Passenger Car Tires Market in Belgium: Apollo Vredestein, Bridgestone Europe, Continental, Goodyear Dunlop (EMEA), Michelin and Pirelli

Other Prominent Vendors in the market are: Cooper Tire & Rubber, Debica, Hankook Tire Group, Nankang Rubber Tire, Nokian Tyres and Syron Tires

Commenting on the report, an analyst from Technavio’s team said: “Goodyear recently unveiled at the Geneva International Motor Show in March 2015, its concept tire BHO3 that transforms the heat generated by the rolling tire into electrical energy. This electrical energy can be used to charge EV batteries. Such tires would even use sunlight, as in when the sunlight hits the tires and the ground beneath, the tires start to warm. The tire is given an extra black coat to absorb maximum light and heat. The heat would be transferred to the car through thermoelectric materials that are under the tire's surface that are able to generate voltage as there is a change in temperature. The thermoelectric materials in the tire can also capture the energy from the heat and friction that is generated when the tire moves.”

According to the report, the real GDP growth rate in Belgium in the past few years has been positive. The positive growth attended during 2012-2014 is expected to continue, which is expected to stabilize the economy at large. With the growth in GDP rate there would be a rise in real income and this would lead to a higher spending capacity of consumers that will have a positive impact on the automotive industry. Cars have high-income elasticity, i.e., a change in income would have a direct effect on the demand for cars. New car sales are estimated to grow in the forecast period, though marginally, but there is expected to be significant growth in the OEM tires market in Belgium.

Further, the report states that the presence of low cost imported Chinese tires is posing a challenge for the tire makers operating in Belgium.

Companies Mentioned

Apollo Vredestein, Bridgestone Europe, Continental, Goodyear Dunlop (EMEA), Michelin, Pirelli, Cooper Tire & Rubber, Debica, Hankook Tire Group, Nankang Rubber Tire, Nokian Tyres, Syron Tires

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market Overview
    • Product Offerings
  • Market Research Methodology
    • Market Research Process
    • Research Methodology
      • Table Market Research Methodology
  • Introduction
    • Tire Market Overview
    • Tire Classification by Application
      • Table Tire Classification by Application
    • Tire Classification by Construction Technology
    • Tires Classification by Weather Condition
      • Table Description of Tire Types by Weather Condition
    • Tires: Key Markets
    • Key Tire Manufacturers Segmentation by Geography
  • Tire Manufacturing Process
    • Table Tire Manufacturing Process
  • Life Cycle of Tires
  • Raw Materials Price Breakdown
    • Table Raw Materials Price Breakdown
  • Tire Industry Supply Chain
  • EU Tire Labeling Regulations
    • Tire Suppliers
    • Tire Distributors
    • Vehicle Suppliers and Distributors
  • Belgium: Automotive Industry Overview
  • Market Landscape
    • Market Overview
    • Market Size and Forecast
      • Table Passenger Car Tires Market in Belgium 2014-2019(million units)
  • Passenger Car Tires: Key Markets
    • OEM Passenger Car Tires Market in Belgium
      • Table OEM Passenger Car Tires Market in Belgium (million units)
    • Replacement Passenger Car Tires Market in Belgium
      • Table Replacement Passenger Car Tires Market in Belgium (million units)
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive Scenario
      • Apollo Vredestein
      • Bridgestone Europe
      • Continental
      • Goodyear Dunlop Tires Europe
      • Michelin
      • Pirelli
    • Other Prominent Vendors
  • Key Vendor Analysis
    • Apollo Vredestein
      • Key Facts
      • Business Overview
      • Product Segmentation
        • Table Apollo Vredestein: Product Segmentation
      • Geographical Segmentation
        • Table Apollo Vredestein: Geographical Segmentation
      • Recent Developments
      • SWOT Analysis
    • Bridgestone Europe
      • Key Facts
      • Business Overview
      • Product Segmentation
        • Table Bridgestone Europe: Product Segmentation
      • Geographical Presence
        • Table Bridgestone Europe: Geographical Presence
      • Business Strategy
      • Recent Developments
    • Continental
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Continental: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Continental: Business Segmentation by Revenue 2012 and 2013 (US$ billion)
      • Geographical Segmentation by Revenue 2013
        • Table Continental: Geographical Segmentation by Revenue 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Goodyear Dunlop Tires Europe
      • Key facts
      • Business overview
      • Product segmentation
        • Table Goodyear Dunlop Tires Europe: product segmentation
      • Recent developments
      • SWOT analysis
    • Michelin
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2014
        • Table Michelin: Business Segmentation by Revenue 2014
      • Business Segmentation by Revenue 2013 and 2014
        • Table Michelin: Business Segmentation by Revenue 2013 and 2014 (US$ billion)
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
    • Pirelli
      • Key Facts
      • Business Overview
      • Business Segmentation by Revenue 2013
        • Table Pirelli: Business Segmentation by Revenue 2013
      • Business Segmentation by Revenue 2012 and 2013
        • Table Pirelli: Business Segmentation by Revenue 2012 and 2013 (US$ million)
      • Geographical Segmentation by Revenue 2013
        • Table Pirelli: Geographical Segmentation by Revenue 2013
      • Sales Segmentation by End-markets 2013
        • Table Pirelli: Sales Segmentation by End-markets 2013
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
  • Other Reports in this Series

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