Netherlands Tire Market to Be Dominated By Passenger Car Tire Segment By 2025
Increasing
investment by government in automotive manufacturing sector is a major factor
propelling the growth of Netherlands tire market in coming years.
According to TechSci Research report, “Netherlands
Tire Market By Vehicle Type (Passenger
Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM
Vs. Replacement), By Radial Vs Bias, By Region, Forecast & Opportunities, 2015-
2025”, Netherlands tire market is poised to
undergo a CAGR of around 4.69% through 2025. Major factors propelling the
growth of Netherlands tire market are increasing passenger car fleet, high
purchasing power of people and improving economic conditions of the country. After
the establishment of a stable government in 2012, the country has witnessed
significant structural and fiscal consolidation, which had a positive impact on
the country automotive industry and hence on tire industry. Moreover,
increasing investment by government in manufacturing sector is also supporting
the growth of Netherlands tire market. However, due to an import driven
automobile market, there is a lack of tire manufacturing industry present in
the country.
Browse 77 market data Figures and Tables
spread through 115 Pages and an in-depth TOC on "Netherlands Tire Market"
https://www.techsciresearch.com/report/netherlands-tire-market/5134.html
Netherlands tire market is segmented based on vehicle
type, demand category, radial vs bias and region. Based on vehicle type, the
market can be categorized into passenger car, LCV, M&HCV, OTR, two-wheeler
and three -wheeler. Among them, the passenger car tire segment held dominant
position with 81.45% market share in 2019. The segment is further expected to
continue its dominance during the forecast period on the back of increasing
passenger car fleet.
Based on demand category, Netherlands tire market can be
segmented into OEMs vs replacement. Among the two, replacement tires are poised
to dominate the Netherlands tire market during the forecast period as tire manufacturers
experience less pricing pressure in replacement tires when compared with OEMs
and average lifecycle of vehicle is long requiring replacement tire.
Leading market players in Netherlands tire market are Apollo
Vredestein, Bridgestone Europe N.V./SA, Nb, Cooper Tire & Rubber, Goodyear
Dunlop Tires Europe BV, Deldo Autobanden, Falken Tyre Europe, Michilin, BRISA
Bridgestone Sabanci Tire Manufacturing and Trading, Sumitomo Rubber Industries
and Toyo Tire & Rubber. Among them, Apollo Tire is the only domestic tire
manufacturer operating in the country, hence majority of the tire demand in the
country is met by tire imports by various leading global players like Goodyear
and Bridgestone. Leading tire manufacturers operating in Netherlands are
adopting growth strategies such as new product launches, mergers &
acquisitions and joint ventures.
“Netherlands was hit by the Eurozone crisis, which shrunk
the purchasing power of consumers, consequently hindering the growth of
automotive market including the country’s tire industry over the last few
years. However, the country’s economy has revived over the years and there is a
significant demand in passenger car tires. The segment is projected to hold a
market share of around 80.88% by 2025. Moreover, after the outbreak of
COVID-19, tire manufacturers are now adopting to new normal and focusing on
e-commerce as their key distribution channel. The country has witnessed
significant boost in online segment which is why tire manufacturers are also
inclined towards online mode of business,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=5134
Customers can also request for 10% free
customization on this report.
“Netherlands Tire Market By Vehicle Type (Passenger Car,
LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM
Vs. Replacement), By Radial Vs Bias, By Region, Forecast & Opportunities, 2015-
2025” has
analyzed the potential of Netherlands tire market, and provides information and
statistics on market structure, size and trends. The report is designed to provide
the intending clients with cutting-edge market intelligence and help them in
taking sound investment decisions. The report also identifies and analyzes
emerging trends along with essential drivers and key challenges faced by Netherlands
tire market.
About TechSci Research
TechSci Research
is a leading global market research firm publishing premium market research
reports. Serving 700 global clients with more than 600 premium market research
studies, TechSci Research is serving clients across 11 different industrial
verticals. TechSci Research specializes in research based consulting
assignments in high growth and emerging markets, leading technologies and niche
applications. Our workforce of more than 100 fulltime Analysts and Consultants
employing innovative research solutions and tracking global and country
specific high growth markets helps TechSci clients to lead rather than follow
market trends.
Contact
Mr. Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York – 10017
Tel:
+1-646-360-1656
Email:
[email protected]