Europe - All-season Tire Market by Distribution Channel and End-user - Forecast and Analysis 2024-2028

Published: Jan 2024

Pages: 154

SKU: IRTNTR43822

Snapshot

Europe - All-season Tire Market 2024-2028

The Europe - All-season Tire Market size is forecast to increase by USD 2.20 billion, at a CAGR of 5.87% between 2023 and 2028.

The report includes a comprehensive outlook on the Europe - All-season Tire Market offering forecasts for the industry segmented by Distribution Channel which includes offline and online. Additionally, it categorizes End-user into aftermarket and OEM. The market analysis and report provides market size, historical data from 2018-2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.

What will be the Size of the Europe All-season Tire Market During the Forecast Period?

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Europe All-season Tire Market: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2023 as the base year and the key drivers, market growth and trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Europe All-season Tire Market Driver

Performance advantages of all-season tires are notably driving the market growth. The all-season tires market in Europe is growing owing to the performance benefits of using such tires on the road. Such benefits increase the overall value proposition of all-season tires and make them attractive to consumers. All-season tires have been specifically developed for the European climatic conditions, which are characterized by a mix of wet climates, light winters, snowfall, and light summers. Though they are not developed to perform efficiently under either of the extreme climatic conditions, their all-around performance makes them an optimum fit.

However, these tires are designed in a way that they have longer tread life, which means longer treadwear compared with summer or winter tires. They enable stability at cornering and provide good traction in wet and dry conditions, ensuring a smoother and quieter ride. In addition, these tires usually have a long warranty period, which can be as long as 100,000 miles. These tires are available in different sizes and for various vehicle segments. Thus, the performance advantages of all-season tires will drive the market during the forecast period.

Key Europe All-season Tire Market Trends

The adoption of nanotechnology by all-season tire companies is an emerging trend shaping the market growth. Tire manufacturers are increasingly leveraging nanotechnology to reduce the wear and tear of heavy-duty vehicle tires significantly. Nanotechnology products offer stronger grips to winter tires when traversing snow-covered pavements. These tires give superior performance in extreme conditions. Neoprene, a high-performance rubber additive, is used with the rubber mixture of the tire tread, which significantly helps reduce wear and tear.

Moreover, nanotechnology, such as single-walled carbon nanotubes, allows tires to become more durable, maintain the black color longer, improve the heat qualities, and require minimum product input. Thus, the adoption of nanotechnology will positively impact the market during the forecast period.

Major Europe All-season Tire Market Challenge

Limitations of all-season tires in extreme summer or winter seasons are a significant challenge hindering the market growth. The performance of all-season tires is limited to summers or winters. Their performance in terms of controllability, braking, sliding, and aquaplaning is below average in extreme summer and winter conditions. These drawbacks hinder the adoption of all-season tires. All-season tires are designed to offer all-round performance in different climatic conditions. However, these tires cannot perform well on roads with more than light snow or during extreme cold and extreme summer temperatures. This is because the tread pattern and the design are not made to handle the above-moderate climatic conditions.

For instance, in extreme winters or snowfall, the tire tread hardens, resulting in loss of traction and stability. All-season tires have a shallow tread pattern, which is not designed to perform in the above-mentioned conditions. In addition, these tires do not offer adequate safety when driving at high speeds. Thus, limitations of all-season tires in extreme summer or winter seasons will negatively impact the market during the forecast period.

Europe All-season Tire Market Customer Landscape

The market research and growth report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Europe All-season Tire MarketCustomer Landscape

Who are the Major Europe All-season Tire Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Apollo Tyres Ltd. - The company offers all season tires such as Alnac 4G and Altrust for cars and vans.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Qualitative and quantitative market growth and forecasting of companies have been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Europe All-season Tire Market?

The offline segment is estimated to witness significant growth during the forecast period. The presence of numerous physical stores in the automotive market in Europe is one of the major drivers for the offline segment. Moreover, benefits associated with purchasing through offline stores, such as the look and feel factor, increase the adoption of all-season tires through the offline segment.

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The offline was the largest segment and was valued at USD 4.15 billion in 2018. In addition to just the sale of tires, they also offer several other essential services, which include tire balancing, wheel alignment, and a complimentary tire health checkup. Additionally, the players operating in the offline segment regularly work on enhancing the store layout and appearance to offer a unique consumer experience. This is becoming more important now as consumers prefer to make online purchases due to the ease and convenience associated with the online channel. This is leading to increased activities in the offline space for tire sales to retain customers. It is expected that the offline channel to dominate the Europe - all-season tire market because there are still a considerable number of consumers that prefer to go to brick-and-mortar stores to buy automotive products, like tires, as this gives them the advantage of being able to physically see and check out the product. Also, such advantages will drive the market during the market forecast period.

Segment Overview

The Europe All-season Tire Market report forecasts market growth by revenue and provides an analysis of the latest market trends and analysis and growth opportunities from 2018 to 2028.

Distribution Channel Outlook
- Offline
- Online

End-user Outlook
- Aftermarket
- OEM

Europe All-season Tire MarketScope
Report Coverage	Details
Page number	154
Base year	2023
Historic period	2018-2022
Market forecasting period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 5.87%
Market Growth 2024-2028	USD 2.20 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	5.32
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Apollo Tyres Ltd., Bridgestone Corp., Continental AG, Federal Corp., Giti Tire, HACI OMER SABANCI HOLDING A.S., Hankook Tire and Technology Co. Ltd., Kenda Rubber Industrial Co. Ltd., Kumho Tire Co. Inc., Maxxis International, Michelin Group, MRF Ltd., NEXEN TIRE Co. Ltd., Nokian Tyres Plc, Pirelli and C S.p.A, Sumitomo Rubber Industries Ltd., The Goodyear Tire and Rubber Co., Toyo Tire Corp., Yokohama Tire Corp., and Zhongce Rubber Group Co. Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Europe All-season Tire Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2024 and 2028
Precise estimation of the market size and its contribution of the market in focus to the parent market
Accurate predictions about upcoming trends and changes in consumer behaviour
Growth of the market across Europe
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Europe: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Regional - Market size and forecast 2023-2028 ($ billion)

4 Historic Market Size

4.1 All-season tire market in Europe 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on all-season tire market in Europe 2018 - 2022 ($ billion)

4.2 Distribution Channel Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ billion)

4.3 End-user Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 22: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 25: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 26: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 27: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Distribution Channel

6.1 Market segments
- Exhibit 29: Chart on Distribution Channel - Market share 2023-2028 (%)
- Exhibit 30: Data Table on Distribution Channel - Market share 2023-2028 (%)

6.2 Comparison by Distribution Channel
- Exhibit 31: Chart on Comparison by Distribution Channel
- Exhibit 32: Data Table on Comparison by Distribution Channel

6.3 Offline - Market size and forecast 2023-2028
- Exhibit 33: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
- Exhibit 34: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Chart on Offline - Year-over-year growth 2023-2028 (%)
- Exhibit 36: Data Table on Offline - Year-over-year growth 2023-2028 (%)

6.4 Online - Market size and forecast 2023-2028
- Exhibit 37: Chart on Online - Market size and forecast 2023-2028 ($ billion)
- Exhibit 38: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Chart on Online - Year-over-year growth 2023-2028 (%)
- Exhibit 40: Data Table on Online - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by Distribution Channel
- Exhibit 41: Market opportunity by Distribution Channel ($ billion)
- Exhibit 42: Data Table on Market opportunity by Distribution Channel ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 43: Chart on End-user - Market share 2023-2028 (%)
- Exhibit 44: Data Table on End-user - Market share 2023-2028 (%)

7.2 Comparison by End-user
- Exhibit 45: Chart on Comparison by End-user
- Exhibit 46: Data Table on Comparison by End-user

7.3 Aftermarket - Market size and forecast 2023-2028
- Exhibit 47: Chart on Aftermarket - Market size and forecast 2023-2028 ($ billion)
- Exhibit 48: Data Table on Aftermarket - Market size and forecast 2023-2028 ($ billion)
- Exhibit 49: Chart on Aftermarket - Year-over-year growth 2023-2028 (%)
- Exhibit 50: Data Table on Aftermarket - Year-over-year growth 2023-2028 (%)

7.4 OEM - Market size and forecast 2023-2028
- Exhibit 51: Chart on OEM - Market size and forecast 2023-2028 ($ billion)
- Exhibit 52: Data Table on OEM - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Chart on OEM - Year-over-year growth 2023-2028 (%)
- Exhibit 54: Data Table on OEM - Year-over-year growth 2023-2028 (%)

7.5 Market opportunity by End-user
- Exhibit 55: Market opportunity by End-user ($ billion)
- Exhibit 56: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 57: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 58: Chart on Market share by geography - 2023-2028 (%)
- Exhibit 59: Data Table on Market share by geography - 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 60: Chart on Geographic comparison
- Exhibit 61: Data Table on Geographic comparison

9.3 Germany - Market size and forecast 2023-2028
- Exhibit 62: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 63: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 64: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 65: Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.4 UK - Market size and forecast 2023-2028
- Exhibit 66: Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibit 67: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibit 68: Chart on UK - Year-over-year growth 2023-2028 (%)
- Exhibit 69: Data Table on UK - Year-over-year growth 2023-2028 (%)

9.5 France - Market size and forecast 2023-2028
- Exhibit 70: Chart on France - Market size and forecast 2023-2028 ($ billion)
- Exhibit 71: Data Table on France - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Chart on France - Year-over-year growth 2023-2028 (%)
- Exhibit 73: Data Table on France - Year-over-year growth 2023-2028 (%)

9.6 Italy - Market size and forecast 2023-2028
- Exhibit 74: Chart on Italy - Market size and forecast 2023-2028 ($ billion)
- Exhibit 75: Data Table on Italy - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Chart on Italy - Year-over-year growth 2023-2028 (%)
- Exhibit 77: Data Table on Italy - Year-over-year growth 2023-2028 (%)

9.7 Rest of Europe - Market size and forecast 2023-2028
- Exhibit 78: Chart on Rest of Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 79: Data Table on Rest of Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Chart on Rest of Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 81: Data Table on Rest of Europe - Year-over-year growth 2023-2028 (%)

9.8 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ billion)
- Exhibit 83: Data Table on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 84: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 85: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 86: Overview on factors of disruption

11.4 Industry risks
- Exhibit 87: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 88: Vendors covered

12.2 Market positioning of vendors
- Exhibit 89: Matrix on vendor position and classification

12.3 Apollo Tyres Ltd.
- Exhibit 90: Apollo Tyres Ltd. - Overview
- Exhibit 91: Apollo Tyres Ltd. - Business segments
- Exhibit 92: Apollo Tyres Ltd. - Key offerings
- Exhibit 93: Apollo Tyres Ltd. - Segment focus

12.4 Bridgestone Corp.
- Exhibit 94: Bridgestone Corp. - Overview
- Exhibit 95: Bridgestone Corp. - Business segments
- Exhibit 96: Bridgestone Corp. - Key news
- Exhibit 97: Bridgestone Corp. - Key offerings
- Exhibit 98: Bridgestone Corp. - Segment focus

12.5 Continental AG
- Exhibit 99: Continental AG - Overview
- Exhibit 100: Continental AG - Business segments
- Exhibit 101: Continental AG - Key offerings
- Exhibit 102: Continental AG - Segment focus

12.6 Federal Corp.
- Exhibit 103: Federal Corp. - Overview
- Exhibit 104: Federal Corp. - Key offerings

12.7 Hankook Tire and Technology Co. Ltd.
- Exhibit 105: Hankook Tire and Technology Co. Ltd. - Overview
- Exhibit 106: Hankook Tire and Technology Co. Ltd. - Product / Service
- Exhibit 107: Hankook Tire and Technology Co. Ltd. - Key offerings

12.8 Kenda Rubber Industrial Co. Ltd.
- Exhibit 108: Kenda Rubber Industrial Co. Ltd. - Overview
- Exhibit 109: Kenda Rubber Industrial Co. Ltd. - Product / Service
- Exhibit 110: Kenda Rubber Industrial Co. Ltd. - Key offerings

12.9 Kumho Tire Co. Inc.
- Exhibit 111: Kumho Tire Co. Inc. - Overview
- Exhibit 112: Kumho Tire Co. Inc. - Product / Service
- Exhibit 113: Kumho Tire Co. Inc. - Key offerings

12.10 Maxxis International
- Exhibit 114: Maxxis International - Overview
- Exhibit 115: Maxxis International - Product / Service
- Exhibit 116: Maxxis International - Key offerings

12.11 Michelin Group
- Exhibit 117: Michelin Group - Overview
- Exhibit 118: Michelin Group - Business segments
- Exhibit 119: Michelin Group - Key news
- Exhibit 120: Michelin Group - Key offerings
- Exhibit 121: Michelin Group - Segment focus

12.12 Nokian Tyres Plc
- Exhibit 122: Nokian Tyres Plc - Overview
- Exhibit 123: Nokian Tyres Plc - Business segments
- Exhibit 124: Nokian Tyres Plc - Key news
- Exhibit 125: Nokian Tyres Plc - Key offerings
- Exhibit 126: Nokian Tyres Plc - Segment focus

12.13 Pirelli and C S.p.A
- Exhibit 127: Pirelli and C S.p.A - Overview
- Exhibit 128: Pirelli and C S.p.A - Business segments
- Exhibit 129: Pirelli and C S.p.A - Key offerings
- Exhibit 130: Pirelli and C S.p.A - Segment focus

12.14 Sumitomo Rubber Industries Ltd.
- Exhibit 131: Sumitomo Rubber Industries Ltd. - Overview
- Exhibit 132: Sumitomo Rubber Industries Ltd. - Business segments
- Exhibit 133: Sumitomo Rubber Industries Ltd. - Key offerings
- Exhibit 134: Sumitomo Rubber Industries Ltd. - Segment focus

12.15 The Goodyear Tire and Rubber Co.
- Exhibit 135: The Goodyear Tire and Rubber Co. - Overview
- Exhibit 136: The Goodyear Tire and Rubber Co. - Business segments
- Exhibit 137: The Goodyear Tire and Rubber Co. - Key offerings
- Exhibit 138: The Goodyear Tire and Rubber Co. - Segment focus

12.16 Toyo Tire Corp.
- Exhibit 139: Toyo Tire Corp. - Overview
- Exhibit 140: Toyo Tire Corp. - Business segments
- Exhibit 141: Toyo Tire Corp. - Key news
- Exhibit 142: Toyo Tire Corp. - Key offerings
- Exhibit 143: Toyo Tire Corp. - Segment focus

12.17 Yokohama Tire Corp.
- Exhibit 144: Yokohama Tire Corp. - Overview
- Exhibit 145: Yokohama Tire Corp. - Product / Service
- Exhibit 146: Yokohama Tire Corp. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 147: Inclusions checklist
- Exhibit 148: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 149: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 150: Research methodology
- Exhibit 151: Validation techniques employed for market sizing
- Exhibit 152: Information sources

13.5 List of abbreviations
- Exhibit 153: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

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What are the revenue-generating key market segments?
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Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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