Luxembourg Tire (Tyre) Market Size, Growth, Trend & Forecast 2021

Summary

Report Description

With highest per capita, globally, Luxembourg is one of the stable economies in Europe and is hugely benefitted from its proximity to France, Germany and Belgium. Backed by sound economic fundamentals, stable business environment and low interest rates, the automotive industry in Luxembourg is anticipated to grow over next five years, which in turn, is expected to boost demand for tires in the country through 2021. Continuous rise in vehicle registrations is also supported by availability of easy finance options and introduction of new vehicle models at regular intervals by the leading automobile players. The country’s tire market is dominated by passenger car tire segment, followed by light commercial vehicle tires, which cumulatively accounted for a volume market share of around 95% in 2015.

According to report titled, “Luxembourg Tire Market Forecast & Opportunities, 2021’’, tire market in Luxembourg is projected to reach ~US$ 40 million by 2021. Rising vehicle sales on account of high income levels of consumers, coupled with expanding fleet size are among the major factors boosting tire sales in the country. Goodyear is the only tire company operating a manufacturing plant in Luxembourg. Other major tire players such as Michelin, Bridgestone, Nokian, Pirelli, etc. operate in the country through the import route. On account of highly efficient regulatory framework and high disposable income, penetration of low cost Chinese tires in the country is very low. “Luxembourg Tire Market Forecast & Opportunities, 2021” report elaborates the following aspects of tire market in Luxembourg:

Luxembourg Tire Market Size, Share & Forecast
Segmental Analysis – Passenger Car Tires, Light Commercial Vehicle Tires, Medium & Heavy Commercial Tires, Two Wheeler Tires, OTR Tires & Three-Wheeler Tires
Policy & Regulatory Landscape
Changing Market Trends and Emerging Opportunities
Competitive Landscape and Strategic Recommendations

Why You Should Buy This Report?

To gain an in-depth understanding of tire market in Luxembourg
To identify the on-going trends and segment wise anticipated growth in the coming years
To help industry consultants, tire companies and other stakeholders to align their market-centric strategies
To obtain research based business decision and add weight to presentations and marketing materials.
To gain competitive knowledge of leading players
To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based on both primary and secondary sources. Primary research includes interviews with tire companies, distributors, retailers and industry experts. Secondary research includes an exhaustive search of relevant publications such as company annual reports, financial reports and proprietary databases.

Table of content

1. Research Methodology

2. Analyst View

3. Product Overview

4. Luxembourg Tire Production Overview

5. Luxembourg Tire Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Vehicle Type (Passenger Car (PC), LCV, 2W, M&HCV and OTR)

5.2.2. By Region

5.2.3. By Company

6. Luxembourg Passenger Car (PC) Tire Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Vehicle Type (Small Cars (<1000 cc), Medium Cars (>1000 cc <2000 cc) and Large Cars (>2000 cc)

7. Luxembourg Light Commercial Vehicle (LCV) Tire Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

8. Luxembourg Two-Wheeler (2W) Tire Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

9. Luxembourg Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Vehicle Type (HCV and MCV)

10. Luxembourg Off-The Road (OTR) Tire Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

11. Import-Export Analysis

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

13.1. Rising Online Tire Sales

13.2. Increasing Penetration of Winter Tires

13.3. Growing Demand for High Performance Tires

13.4. Rising Demand for OTR Tires

14. Policy & Regulatory Landscape

15. Luxembourg Economic Profile

16. Competitive Landscape

16.1. Continental BeneLux BVBA

16.2. Michelin BeLux SA

16.3. Goodyear Dunlop Tires Operations S.A.

16.4. Bridgestone Europe S.A.

16.5. Pirelli Tyres BeLux NV/SA

16.6. N.V. Apollo Vredestein BeLux S.A.

16.7. Hankook Tire

16.8. Nokian Tyres PLC

16.9. N.V. YOKOHAMA BELGIUM S.A.

16.10. Cooper Tire & Rubber Company

17. Strategic Recommendations

Figures and Tables

List of Figures

Figure 1: Luxembourg Tire Market Size, By Value (USD Million), By Volume (Million Units), 2011-2021F

Figure 2: Luxembourg Tire Market Share, By Vehicle Type, By Volume, 2011-2021F

Figure 3: Luxembourg Tire Market Share, By Region, By Volume, 2015 & 2021F

Figure 4: Luxembourg Tire Market Share, By Region, By Volume, 2015-2021F

Figure 5: Luxembourg Tire Market Share, By Company, By Volume, 2015-2021F

Figure 6: Luxembourg Passenger Car Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F

Figure 7: Luxembourg Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2015-2021F

Figure 8: Luxembourg Per-Capita GDP, 2011-2014 (USD Thousand)

Figure 9: Luxembourg Light Commercial Vehicle Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F

Figure 10: Luxembourg Two-Wheeler Tire Market Size, By Value (USD Million), By Volume

(Thousand Units), 2011-2021F

Figure 11: Luxembourg Medium and Heavy Commercial Vehicle Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F

Figure 12: Luxembourg Medium and Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2021F

Figure 13: Luxembourg Off-The-Road Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F

Figure 14: Luxembourg Commercial Vehicle Tire Imports, By Value, 2010-2014 (USD Million)

Figure 15: Luxembourg Passenger Car Tire Imports, By Value, 2010-2014 (USD Million)

Figure 16: Luxembourg Off-The-Road Tire Imports, By Value, 2010-2014 (USD Million)

Figure 17: Luxembourg Two-Wheeler Tire Imports, By Value, 2010-2014 (USD Million)

Figure 18: Luxembourg Tire Imports Share, By Vehicle Type, By Value, 2014

List of Tables

Table 1: Luxembourg Tire Production Capacity, By Company & Plant Location, 2014 (Million Units/Year)

Table 2: Luxembourg Tire Market Size, By Region, By Volume, 2015–2021F (Thousand Units)

Table 3: Luxembourg Passenger Car Sales, By Volume, 2010–2014 (Units)

Table 4: Luxembourg Passenger Car Fleet, By Volume, 2010–2013 (Thousand Units)

Table 5: Luxembourg Passenger Car Tire Market Size, By Vehicle Type, By Volume, 2015-2021F (Thousand Units)

Table 6: Luxembourg LCV Sales, By Volume, 2010–2014 (Units)

Table 7: Luxembourg Two-Wheeler Sales, By Vehicle Type, By Volume, 2010–2014 (Units)

Table 8: Luxembourg Medium & Heavy Commercial Vehicle Fleet, By Vehicle Type, By Volume, 2010–2014 (Thousand Units)

Table 9: Luxembourg Medium & Heavy Commercial Vehicle Tire Market Size, By Vehicle Type, By Volume, 2015-2021F (Thousand Units)

Table 10: Luxembourg Partial List of Online Tire selling Companies

Table 11: Luxembourg off-The-Road Tire Imports, By Value, 2010-2014 (USD Million)

Table 12: Luxembourg Tire Trade Tariff Duties, By Tire Type, 2015

Frequently asked questions

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Press Release

Tire Market in Luxembourg to touch $ 40 Million Sales by 2021

Mar, 2016

Increasing production and sales of vehicles due to low interest rates on vehicle finance to drive tire sales in Luxembourg

Luxembourg Tire Market Forecast and Opportunities, 2021

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