Global Replacement PCLT Tire Market Forecasts

After a major decline in 2020, the global PCLT replacement tire market started to make a strong recovery in 2021 as vehicle kilometres travelled increased. Sharply higher fuel costs in 2022 slowed the recovery in road traffic in key markets such as Europe and the US and higher inflation is impacting household budgets and spending. In the Asia Pacific region, Covid-related disruption continued in 2022. This was most notable in the region’s biggest market, China, where a strict lock-down policy limited mobility, impacting replacement tire sales. Nevertheless, the value of the global market has risen sharply as tire manufacturers have passed on significantly higher raw material costs, with high rim diameter tires taking a larger share of the market.

This report is provided as a PowerPoint briefing, giving a detailed review of the developments in the European original equipment PCLT tire market and forecasts for the period to 2026.

The Excel data-pack contains detailed data on PCLT RE tire volumes by region (Greater China, Rest of Asia Pacific, North America, Southern & Central America, Europe, Middle East & Africa) and country from 2016 and forecasts to 2026.

The data-pack also includes forecasts of new light vehicle registrations by country to 2026

Country coverage includes Asia Pacific: China, Japan, India, South Korea, Thailand, Indonesia, Malaysia, Vietnam, Taiwan, Australia, New Zealand, Rest of Asia Pacific; Europe: Germany, Spain, France, Russia, Czech Republic, United Kingdom, Slovakia, Italy, Romania, Poland, Hungary, Portugal, Sweden, Rest of Europe; North America: USA, Canada, Mexico; South & Central America: Brazil, Argentina, Rest of South & Central America.