UK tyre market forecast to 2021

Report highlights the opportunities within the market for tyres within the UK for the next five years.

Research and Markets has released a new report examining the forecast and opportunities within the market for tyres in the UK, with tyre replacement for fleet users being the largest opportunity within the country for the next 5 years.

The UK has a large fleet inventory of vehicles which is constantly expanding and this is having a very large and positive effect on the replacement tyre industry, with the market forecast to exceed 6 billion USD by 2021.

Last year, over 80% of the demand for replacement tyres in the country were for passenger cars with light commercial vehicles being the next largest segment followed by medium sized and heavy commercial vehicles.

Geographically, London and the South East of England are the most lucrative regions of the country due to the extensive fleet base in the area and the high level of urbanisation.

The report covers the whole market for the country and provides further analysis by segment as well as giving background information on the regulatory framework in the country and trends in the market for tyres.

Tyre companies covered within the report include Bridgestone, Continental, Goodyear, Hankook, Michelin, Pirelli and others.

The report can be purchased directly from the Research and Markets website here “UK Tyre Market – Analysis, Technologies & Forecasts Report 2016-2021”

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