Passenger Car Tyre Segment to Continue its Dominance in Finland Tyre Market

 Rising automobile sales, expansion of automobile fleet and favourable government policies to drive Finland tyre market over the next five years

According to TechSci Research report, “Finland Tyre Market Forecast and Opportunities, 2020”, tyre market in Finland is dominated by the passenger car tyre segment, and this trend is expected to continue through 2020. High vehicle motorization rate coupled with the country’s robust road infrastructure and high living standards is expected to boost tyre demand in the country, especially in the replacement segment. Finland tyre market is dominated by replacement tyre segment, which accounted for over 90% of the market share in 2014.

Shortening replacement period and increasing passenger car sales are few of the major factors boosting tyre sales in the country. Over the last five years, tyre sales in the country have also been growing on account of changing consumer purchasing patterns, expanding consumer base and increasing adoption of electric and hybrid vehicles in Finland. Few of the major tyre companies operating in the country include Nokian Tyre Company, Continental, Michelin, Pirelli, Goodyear, Bridgestone, and Yokohama, among others.
“Finnish tyre market is a replacement driven tyre market, and with a high motorization rate, the tyre demand in the country is expected to emanate majorly from the replacement tyre segment. Moreover, with high anticipations about introduction of various favorable policy measures for the country’s automotive sector by the new government, elected in April 2015, portrays a positive outlook for the country’s tyre industry in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Finland Tyre Market Forecast and Opportunities, 2020” has evaluated the future growth potential of Finland tyre market and provides statistics and information on market structure, consumer behaviour and trends in Finland tyre market. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in Finland tyre market.