Europe Original Equipment & Replacement PCLT Tire Market Forecasts

Whilst demand for new cars in Europe picked up significantly in 2021, recovery in vehicle production, and the original equipment tire market, was held back by major shortages of components, specifically semiconductors. Supply chain disruption continued in 2022, compounded by the conflict between Russia and Ukraine. This delayed the recovery in the OE tire market, and whilst the impact of supply shortages is now lessening in 2023, vehicle demand in the region is now expected to be affected by an economic slowdown brought on by sharply higher inflation.

After a major decline in 2020, the European PCLT replacement tire market started to make a strong recovery in 2021 as vehicle kilometres travelled increased. The future outlook is now more uncertain; increased fuel costs have slowed the recovery in road traffic and household budgets and spending are under pressure. Nevertheless, the value of the market has risen sharply as tire manufacturers pass on significantly higher raw material costs and high rim diameter tires take 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 and replacement PCLT tire market and forecasts for the period to 2028.

The Excel data-pack contains detailed data on PCLT original equipment and replacement tire volumes by region (West Europe, Central Europe, Russia CIS) and country from 2018 and forecasts to 2028.

The data-pack also includes forecasts of new light vehicle registrations and light vehicle parc by country to 2028

Country coverage:

West Europe: Austria, Belgium & Luxembourg, Cyprus, Denmark, Finland, France, Germany, Greece, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, United Kingdom; Central & East Europe: Baltic States, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Serbia, Slovakia, Slovenia