Netherlands Tire Market
Netherlands Tire Market Size Set to Expand at Significant CAGR of 8.5% to Reach USD 4.3 Billion by 2029
Published | 06 October 2023
The Netherlands tire market is flourishing due to increasing vehicle ownership, rapid urbanization, expanding infrastructure development, and higher a focus on road safety.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Netherlands tire market size at USD 2.63 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Netherlands tire market size is to grow at a robust CAGR of 8.49% reaching a value of USD 4.29 billion by 2029. The Netherlands tire market is influenced by several driving factors. Firstly, the country's high vehicle ownership rate and a strong emphasis on road safety ensure consistent demand for tires. Environmental consciousness is also a significant driver, with a growing preference for eco-friendly and fuel-efficient tires. Also, the Dutch government's strict regulations on winter tires further boost market growth during the colder months. Further, innovations in tire technology, such as run-flat and self-sealing tires, play a role in shaping consumer preferences. Lastly, the Netherlands' strategic location as a transportation hub in Europe contributes to a steady demand for commercial vehicle tires.
The Netherlands Tire Market – Overview
Tires are essential components of vehicles, serving as the point of contact between the vehicle and the road. Typically made of rubber, they provide traction, cushioning, and support, enabling safe and efficient transportation. Tires come in various sizes and types to suit different vehicles and purposes, from passenger cars to trucks and bicycles. They consist of a tread pattern for grip, sidewalls for structural support, and an inner layer filled with compressed air or other materials. Regular maintenance, such as proper inflation and tread inspection, is crucial for safety and optimal performance.
Impact of COVID-19 on the Netherlands Tire Market
The COVID-19 pandemic significantly impacted the Netherlands tire market. Lockdowns and travel restrictions led to reduced vehicle usage, resulting in a decreased demand for tires. Manufacturing and supply chain disruptions also affected tire availability, leading to delays and increased prices. Moreover, economic uncertainty prompted consumers to postpone tire replacement, affecting aftermarket sales. However, as restrictions eased and the economy recovered, there was a gradual resurgence in the market as vehicle usage rebounded, but the industry faced challenges in managing supply chain disruptions and meeting fluctuating demand. The pandemic underscored the market's vulnerability to global crises and emphasized the need for resilience in industry.
The Netherlands Tire Market - By Origin
Based on origin, the Netherlands tire market is split into Local Manufacturing and Imports segments. This segmentation highlights the key factors influencing the market's dynamics. Local manufacturing signifies the production of tires within the Netherlands, while the imports segment encompasses tires brought in from other countries. This division underscores the market's reliance on both domestic production capabilities and international trade relationships, ultimately shaping its supply chain, pricing, and overall competitiveness. Understanding the balance between these segments is crucial for stakeholders in the Dutch tire market to make informed decisions and adapt to changing market conditions effectively.
Netherlands tire market is fiercely competitive. Major companies in the market include Apollo, Vredestein, Bridgestone Europe N.V./SA, Cooper Tire & Rubber, Goodyear Dunlop Tires Europe BV, Deldo Autobanden, Falken Tyre Europe, Michilin, BRISA Bridgestone Sabanci Tire Manufacturing and Trading, Sumitomo Rubber Industries, and Toyo Tire & Rubber. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Netherlands tire market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Netherlands Tire Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Netherlands Tire Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BlueWeave has built its reputation by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
BlueWeave Consulting & Research Pvt. Ltd
+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662
- Netherlands Tire Market, By Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCVs), Medium & Heavy Commercial Vehicles (M&HCVs), Off The Road (OTR) Vehicles, Two Wheelers, Three Wheelers); By Type of Tire (Radial, Bias); By Origin (Local Manufacturing, Imports); By Sales Channel (Dealer/Exclusive Outlets, Online); By Demand Category (OEM, Replacement), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
Publish Date: October 2023
Economic growth, vehicle sales, consumer preferences for all-season and winter tires due to varying weather conditions, government regulations promoting fuel efficiency and safety, and increasing environmental awareness driving demand for eco-friendly tire options contribute to the growth of the Netherlands Tire Market during the forecast period between 2023 and 2029.
Relevant Press Releases
- Indonesia Tire Market Set to Draw a Promising Growth: Slated to Grow at a CAGR of 9.9% by 2028
- Methacrylate Monomer Market to Reach USD 11,672 Million by 2028
- Saudi Arabia Tire Market Anticipating Strong Growth Prospects: Likely to Grow at a CAGR of 7.4% by 2027
- Global Cycling Helmet Market is Poised to Reach USD 833.5 Million by 2027
- Global Air Taxi Market Size Zooming at 31.4% CAGR to Cross USD 5.7 Billion by 2028