Winter Tire Market in Belgium to grow at a CAGR of 1.85% over the period 2014-2019; Finds New Report

Report forecast the winter tire market in Belgium to grow at a CAGR of 1.85 percent over the period 2014-2019.

Winter tires, also referred to as snow tires, cold weather tires, and thermal tires, improve the road safety for vehicles during winter, and thus play an important role in reducing road accidents. These tires are made of soft rubber compared to the all-season or summer tires, which help achieve better grip during winters. Furthermore, the newer generation of winter tires is designed with a more flexible rubber compound that is less prone to stiffening in colder temperatures. Its tread is designed to provide improved traction on wet, slushy, snowy, icy, and dry cold surfaces. Winter tires are fitted in sets of four, because fitting only a pair affects the balance and stability of the automobile. Winter tires are of three types: performance, studded, and non-studded.

This report covers the present scenario and the growth prospects of the winter tire market in Belgium for the period 2015-2019. Forecasts and analysis of the market have been done in terms of volume. The market size is calculated on the basis of the unit sales of winter tires in Belgium. The market includes the following segments:

• Passenger car winter tires: includes passenger car and utility vehicle tires
• LCV winter tires
• Truck winter tires
• Bus winter tires

According to the report, OEMs buy a standard quantity of winter tires for installation on new vehicles. The requirement is huge in terms of volume; however, the bulk of the revenue is dependent on the replacement tire market. The replacement tire market has also reduced the dependence of tire manufacturers on OEMs for revenue and sales. In the replacement tire market, manufacturers experience less pricing pressure compared to OEMs. Also, in the replacement tire market, manufacturers of winter tires will have their own distribution systems for both global and local markets.

Winter Tire Market in Italy 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in Winter Tire Market in Belgium 2015-2019: Apollo Vredestein BV, Bridgestone Corp., BRISA Bridgestone Sabanci Tire Manufacturing and Trading Inc., Continental AG, Cooper Tire & Rubber Co., Debica SA, Deldo Autobanden NV, Falken Tyre Europe GmbH, Goodyear Dunlop Tyres UK Ltd., Goodyear Dunlop Tires Europe B.V., GT Radial, Hwa Fong Rubber Industries Co. Ltd., Kumho Tire Co. Inc., Maxxis International GmbH, Michelin Corp., Nankang Rubber Tire Corp. Ltd., Nexen Tire Corp., Nokian Tyres Inc., Pirelli Tyre SpA, Rosava Tyres, Sailun Group, Sumitomo Rubber Industries Ltd., Toyo Tire & Rubber Co. Ltd., Triangle Group, Vee Rubber Group and Yokohama Rubber Co. Ltd.

Market Driver

• Rise in Scope of Replacement Tire Segment
• For a full, detailed list, view our report

Market Challenge

• Availability of Substitutes
• For a full, detailed list, view our report

Market Trend

• Emergence of High-performance Winter Tires
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 215 pages, “Winter Tire Market in Belgium 2015-2019” report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Overview of Tire Market, Key Tire Manufacturers Segmentation by Geography, Tire Industry Supply Chain, Tires Classification, Tires: Distribution Channels, Life Cycle of Tires, Analysis of Raw Materials Prices, Factors Affecting Tire Prices, European Tire Labeling Regulation, Recent Trends in Tire Market in Europem Europe - Winter Tire Regulations, Belgium – An Introduction, General Overview of Tire Market in Belgium, Introduction, Market Landscape, Market Segmentation by Vehicle Type, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Tire Disposal, Vendor Landscape, Key Vendor Analysis.

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