Passenger Car Tires Market in the Netherlands 2015-2019
About Passenger Car Tire Market in Netherlands
In 2011, the Netherlands had 471 cars per thousand people, and its total network of roads measured 137,692 km (85557.84 miles), indicating the commercial viability of the automotive sector in the country. Furthermore, the total number of cars in use during the same year was approximately 7.86 million. This translated into the well-being of associated markets such as the automotive tires market.
Though the Netherlands does not have mandatory winter tire regulations, vehicles do use winter tire fitments or snow chains depending on specific regional requirements. Though the country has little variation in climate, a considerable fall in temperature is observed during winters. This necessitates the need for different types of tires, including winter tires, which are typically meant for places that experience temperatures less than 45 degrees Fahrenheit. Some of the prominent local and multinational brands in the country include Pirelli, Cooper Tires, Goodyear Tires, and Continental Tires.
Technavio's analysts forecast the passenger car tire market in the Netherlands to grow at a CAGR of 1.64% over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the passenger car tire market in the Netherlands for the period 2015–2019. Forecasts and analysis of the market have been done in terms of volume. The market comprises the following segments:
Technavio Announces the Publication of its Research Report – Passenger Car Tires Market in the Netherlands 2015-2019
Technavio recognizes the following companies as the key players in the Passenger Car Tires Market in the Netherlands: Apollo Vredestein, Bridgestone Europe, BRISA Bridgestone Sabanci Tire Manufacturing and Trading, Continental, Cooper Tire & Rubber, Debica, Deldo Autobanden, Falken, Tyre Europe, Giti Tires, Goodyear Dunlop Tyres Europe, Goodyear Dunlop Tyres UK, Hwa Fong Rubber Industries, Interstate Tire & Rubber, Kumho Tire, Marangoni, Maxxis International, Michilin, Nankang Rubber Tire, Nexen Tire, Nokian Tyres, Pirelli Tyre, ROSAVA Tires, Sailun Group, Sumitomo Rubber Industries, Toyo Tire & Rubber, Triangle Group, Vee Rubber Group and Yokohama Rubber
Commenting on the report, an analyst from Technavio’s team said: “Tire vendors are developing innovative offerings to remain competitive in the market and increase their profits. Tire vendors are investing heavily in R&D to develop new concepts and products with innovative tread and groove patterns for the tire market in Europe. Leading vendors in the market face competition from companies offering similar products as well as from those offering inexpensive products. Some of the main areas of competition include technology, product performance, price, and customer preference. As a result of intense competition, the market is expected to witness increasing launches of innovative products. Tire manufacturers are also focusing on improving the fuel efficiency and durability of tires for better drive quality. For instance, Bridgestone, Continental, and Michelin are continuously upgrading their product portfolios to provide a better end-user experience.”
According to the report, OEMs buy a standard quantity of passenger car tires for installation on new vehicles. The requirement is huge in terms of volume; however, the bulk of the revenue is dependent on the replacement tire market. The replacement tire market has also reduced the dependence of tire manufacturers on OEMs for revenue and sales. In the replacement tire market, manufacturers experience less pricing pressure compared with OEMs. Also, in the replacement tire market, manufacturers of passenger car tires have their own distribution systems for both global and local markets. However, macro-economic indicators, such as economic growth and the purchasing power of the consumer influence the demand from the replacement tire market. Affected by the global financial crisis of 2008, passenger car sales in the Netherlands between 2008 and 2014 went down. This created serious repercussions for the OEM tire market; however, the replacement tire market was relatively stable.
Further, the report states that the passenger car tires market in the Netherlands also has low-cost imported tires that are proving to be a major challenge for the growth of several local and global vendors present in the market.
Apollo Vredestein, Bridgestone Europe, BRISA Bridgestone Sabanci Tire Manufacturing and Trading, Continental, Cooper Tire & Rubber, Debica, Deldo Autobanden, Falken, Tyre Europe, Giti Tires, Goodyear Dunlop Tyres Europe, Goodyear Dunlop Tyres UK, Hwa Fong Rubber Industries, Interstate Tire & Rubber, Kumho Tire, Marangoni, Maxxis International, Michilin, Nankang Rubber Tire, Nexen Tire, Nokian Tyres, Pirelli Tyre, ROSAVA Tires, Sailun Group, Sumitomo Rubber Industries, Toyo Tire & Rubber, Triangle Group, Vee Rubber Group, Yokohama Rubber
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