UK's tire market is expected to witness a modest growth at a CAGR of 2.0% during the forecast period (2020-2026). The country is one of the major vehicle industries all across the globe. As per the OICA, the country produced around 1.4 million vehicles in 2019. Out of this, 1.3 million were passenger cars and around 78,000 were commercial vehicles. The country has a vehicle fleet of around 40 million in 2018. Out of this, the share of passenger cars was 34.9 million, whereas the commercial vehicle was 5.1 million in 2018. However, decreasing vehicle sales, and Brexit are some of the restraining factors for the country’s market.
Get Free Sample Copy @ https://www.omrglobal.com/request-sample/uk-tire-market
UK tire market is segmented on the basis of vehicle type, road application, construction, tire type, and sales channel. By the sales channel, the market is bifurcated into OEM and aftermarket. OEM is expected to hold a major market share during the forecast period.
Browse for Full Report Description@ https://www.omrglobal.com/industry-reports/uk-tire-market
Some of the key players of the UK tire market include Bridgestone Corp., Continental AG, Cooper Tire & Rubber Co., Goodyear Tire and Rubber Co., Michelin Group, Nokian Tyres PLC, Pirelli & C. S.p.A., The Yokohama Rubber Co, Ltd., Trelleborg AB among others. The market players are significantly contributing to the market growth by adopting various strategies including mergers, & acquisitions, collaborations, new product launch, and geographical expansion, to stay competitive in the market.
Market Segmentation
UK Automotive Tire Market By Vehicle Type
• Passenger Cars
• Light & Medium Commercial Vehicle
• Heavy Commercial Vehicle
• Two-Wheeler
• Other (Construction, Agricultural, Customized Sports)
UK Automotive Tire Market By Road Application
• All-Season Tire
• Summer Tire
• Winter Tire
• Other (All-Terrain Tire)
UK Automotive Tire Market By Construction
• Radial Tire
• Bias Ply Tire
UK Automotive Tire Market By Tire Type
• Tubeless Tire
• Tubbed Tire
UK Automotive Tire Market By Sales Channel
• OEM (Original Equipment Manufacturer)
• Aftermarket (Replacement)
Company Profiles
• Apollo Tires Ltd.
• Bridgestone Corp.
• Cheng Shin Rubber Ind. Co. Ltd.
• Continental AG
• Cooper Tire & Rubber Co.
• Goodyear Tire and Rubber Co.
• Hankook Tire Co. Ltd.
• Michelin Group
• Pirelli & C. S.p.A.
• Toyo Tire Corp.
• Trelleborg AB
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/uk-tire-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: [email protected]
Contact no: +91 780-304-0404