Belgium Tire Market to Grow with a CAGR of 4.8% through 2030
The
Belgium tire market is growing due to rising e-commerce-driven logistics,
digital retail expansion, vehicle customization trends, and increased demand
for sustainable, high-performance tires across passenger and commercial
segments.
According to
TechSci Research report, “Belgium
Tire Market – By Region, Competition Forecast & Opportunities, 2030F”,
Belgium Tire Market was valued at
USD 1016.09 Million in 2024 and is expected to reach USD 1346.17 Million by
2030 with a CAGR of 4.8% during
the forecast period. The Belgium tire
market is undergoing a dynamic transformation, shaped by evolving consumer
behavior, technological adoption, and regulatory interventions. A notable
growth factor lies in the increasing digitalization of tire retailing.
Consumers are shifting towards online platforms for tire selection, price
comparison, and installation services, prompting traditional dealers to enhance
their digital presence. This digital shift has not only improved customer
convenience but also widened market accessibility for smaller players. Another
contributing factor is the rise in vehicle customization trends, where
performance and aesthetic enhancements—particularly in premium vehicles and
SUVs—are fueling demand for specialized and larger-diameter tires. Moreover,
Belgium’s position as a strategic European transit hub sustains continuous
commercial transport activities, generating strong demand for high-durability
tires across freight and utility fleets.
Despite
these growth enablers, the market faces some nuanced challenges. Fluctuations
in raw material prices—especially rubber, carbon black, and steel—are impacting
production costs and tightening profit margins for manufacturers and importers.
Additionally, the complex regulatory landscape around tire labeling, waste
disposal, and sustainable sourcing in the EU poses compliance pressures,
particularly on small and mid-sized retailers. Rising environmental
expectations are also pushing manufacturers to innovate in eco-friendly
compounds and circular tire solutions, which require significant R&D
investments. Balancing affordability with sustainability remains a strategic
dilemma. Furthermore, Belgium’s highly competitive aftermarket—with numerous
brands, private labels, and price-sensitive consumers—intensifies the need for
differentiation through performance, longevity, and service innovation. As the
market navigates through these challenges, its future trajectory will
increasingly depend on adaptability, sustainability-focused product
development, and the integration of digital customer touchpoints.
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"Belgium Tire Market.”
The Belgium Tire market is segmented into vehicle type, tire
construction, demand category and region.
Based on vehicle
type, the Light Commercial Vehicles (LCVs) segment is emerging as the
fastest-growing category in the Belgium tire market, primarily fueled by the
rapid expansion of urban logistics, the e-commerce boom, and government-driven
green mobility policies. As consumer preferences shift toward same-day or
next-day deliveries, logistics companies and retail businesses are increasingly
deploying LCVs for last-mile delivery across cities like Brussels, Antwerp, and
Ghent. This surge in operational fleets has led to a higher frequency of tire
wear and replacement cycles, especially due to increased urban mileage,
frequent braking, and load-bearing pressure.
Based on tire
construction, the market is classified into Radial Tires and Bias Tires, based
on the internal construction of the tire layers. Radial tires dominate the
Belgium market, accounting for many sales across all vehicle types. These tires
are characterized by their flexibility, better fuel efficiency, lower rolling
resistance, and longer tread life. They are standard for passenger cars, LCVs,
and MHCVs. Belgium’s preference for long-lasting and energy-efficient
tires—especially for long-distance travel and highway use—makes radial
construction the default. Additionally, European Union regulations on emissions
and fuel economy have further cemented radial tires’ dominance. Most OEMs and
premium aftermarket brands exclusively offer radial variants for mainstream
usage. Bias tires, with crisscrossed ply construction, offer advantages in load
distribution and rugged applications. In Belgium, their usage is limited
primarily to niche applications like agricultural equipment, some heavy-duty
off-road vehicles, and legacy industrial machinery. Despite their higher
resistance to punctures and better performance in harsh terrains, they are
being rapidly phased out in favor of radial designs even in the OTR segment due
to better performance and efficiency. However, in certain legacy machinery and
traditional farm equipment, bias tires retain a small but steady presence.
Based on region,
Wallonia, the southern region of Belgium, is currently the fastest-growing
region in the Belgium tire market. Major cities like Liège, Charleroi, and
Namur are experiencing rising vehicle ownership, infrastructure investments,
and growth in last-mile delivery services, all of which contribute to
increasing tire demand. While Wallonia trails Flanders in overall economic
output, the region benefits from EU-backed structural development funds, which
are being funneled into road transport upgrades and logistics improvements —
indirectly boosting tire sales, especially for light commercial vehicles and
medium & heavy trucks. Wallonia has a higher rural population density,
which means that personal vehicles are essential for mobility — translating to
higher per capita tire usage in some areas. Agricultural and forestry
activities in Wallonia also support a stable demand for off-the-road (OTR) and
bias tires. However, a growing shift toward modern farming machinery is nudging
the market gradually toward radial tire adoption. With vehicle electrification
slowly gaining ground in Wallonia, the segment for electric passenger cars and
associated tire demand is growing rapidly, albeit from a smaller base. Despite
having fewer premium dealerships and service centers than Flanders, Wallonia’s
tire replacement market is expanding due to increasing vehicle parc age and
road usage. Local tire dealers are leveraging online channels and value-based
offerings to cater to the cost-conscious consumer demographic. Government
incentives on electric vehicle purchases are further expected to accelerate the
shift toward higher-spec radial tires.
Major companies
operating in Belgium Tire market are:
- Bridgestone Corporation
- Continental AG
- Yokohama Rubber Company Limited
- Hankook Tire & Technology Co., Ltd.
- Compagnie Générale des Établissements Michelin SCA
- The Goodyear Tire & Rubber Company
- Pirelli & C. S.p.A.
- Sumitomo Rubber Industries Ltd.
- Toyo Tire & Rubber Co., Ltd.
- Shandong Wanda BOTO Tyre Co., Ltd.
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“In
recent years, the rapid
expansion of online and omnichannel retail. Online sales of replacement tires
have surged from just 8% of total after‑market volume in 2020 to an estimated
18% in 2024. Major European marketplaces (e.g., ReifenDirekt, Blackcircles,
Amazon EU) and national players (e.g., bol.com, ColliShop) offer comprehensive
selections, comparison tools, and home‑installation appointments, capturing
urban and tech‑savvy consumers. Meanwhile, OE and premium tiers remain strong
across omnichannel models—companies like D’Ieteren and Group Renault integrate
online purchase with in‑garage installation, offering “click‑and‑drive” models.”
Said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
Belgium Tire Market, By
Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy
Commercial Vehicle, Two Wheelers, OTR), By Tire Construction Type (Radial,
Bias), By Demand Category Type (OEM, Replacement), By Region, Competition,
Forecast & Opportunities,2020-2030F”, has evaluated
the future growth potential of Belgium
Tire market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the Belgium Tire market.
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