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Hungary Tyre Market Forecast & Opportunities, 2020

  • January 2016
  • -
  • TechSci Research
  • -
  • 107 pages

Hungary’s favorable geographical location in Central Europe, expanding vehicle fleet, stable political environment and supportive investment policies make the country an ideal investment destination for automotive companies. With a population of around 9.9 million as of 2014, Hungary offers various economic advantages such as low interest rate scenario, near-zero inflation and favourable government policies for expansion of agriculture and construction sector. All these factors are expected to hugely benefit the automobile industry in the coming years, and thereby boost tyre demand in the country during 2015 - 2020.

According to TechSci Research report, “Hungary Tyre Market Forecast & Opportunities, 2020”, the country’s tyre market is projected to grow at over 8% during 2015 - 2020. In 2014, the replacement tyre segment in Hungary accounted for more than 50% of market share. The passenger car tyres segment accounted for more than 90% volume share in the Hungary tyre market, followed by light commercial vehicle tyre, medium & heavy commercial vehicle tyre, two-wheeler tyre and OTR tyre segments. Hankook, Bridgestone and Michelin operate their tyre manufacturing plants in the country, while global tyre companies like Goodyear, Pirelli, Continental, Vredestein, etc., operate through their sales offices in Hungary. “Hungary Tyre Market Forecast & Opportunities, 2020” report elaborates following aspects of tyre market in Hungary:
- Hungary Tyre Market Size, Share & Forecast
- Segmental Analysis – Passenger Car Tyres, Light Commercial Vehicle Tyres, Off-The-Road (OTR) Tyres, Medium and Heavy Commercial Tyres & Two-Wheeler Tyres
- Policy & Regulatory Landscape
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations

Why You Should Buy This Report?

- To gain an in-depth understanding of tyre market in Hungary
- To identify the on-going trends and anticipated growth in the next five years
- To help industry consultants, tyre companies and other stakeholders to align their market-centric strategies
- To obtain research based business decision and add weight to presentations and marketing material
- To gain competitive knowledge of leading players
- To avail 10% customization in the report without any extra charges and get research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based on both primary and secondary sources. Primary research included interviews with vehicles manufactures, tyre companies, distributors and industry experts. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

Table Of Contents

Hungary Tyre Market Forecast and Opportunities, 2020
1. Research Methodology
2. Analyst View
3. Product Overview
4. Hungary Tyre Production Overview
5. Hungary Tyre Market Outlook
5.1. Market Size and Forecast
5.1.1. By Value and Volume
5.2. Market Share and Forecast
5.2.1. By Vehicle Type (Passenger Cars, LCVs, MandHCVs, 2W and OTR)
5.2.2. By Company
5.2.3. By Region
5.2.4. By Demand Category (OEM and Replacement)
6. Hungary Passenger Car (PC) Tyre Market Outlook
6.1. Market Size and Forecast
6.1.1. By Value and Volume
6.2. Market Share and Forecast
6.2.1. By Vehicle Type (Sedan, Hatchback and SUV and MPV)
6.2.2. By Demand Category (OEM and Replacement)
7. Hungary Medium and Heavy Commercial Vehicle (MHCV) Tyre Market Outlook
7.1. Market Size and Forecast
7.1.1. By Value and Volume
7.2. Market Share and Forecast
7.2.1. By Vehicle Type (Trucks and Buses)
7.2.2. By Demand Category (OEM and Replacement)
8. Hungary Light Commercial Vehicle (LCV) Tyre Market Outlook
8.1. Market Size and Forecast
8.1.1. By Value and Volume
8.2. Market Share and Forecast
8.2.1. By Demand Category (OEM and Replacement)
9. Hungary Off-The-Road (OTR) Tyre Market Outlook
9.1. Market Size and Forecast
9.1.1. By Value and Volume
9.2. Market Share and Forecast
9.2.1. By Vehicle Type (Agriculture and Industrial Vehicles)
9.2.2. By Demand Category (OEM and Replacement)
10. Hungary Two-Wheeler (2W) Tyre Market Outlook
10.1. Market Size and Forecast
10.1.1. By Value and Volume
10.2. Market Share and Forecast
10.2.1. By Vehicle Type (Scooters and Motorcycles)
10.2.2. By Demand Category (OEM and Replacement)
11. Import-Export Analysis
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends and Developments
13.1. Growing Retreaded Tyre Market
13.2. Rising Winter Tyre Penetration
13.3. Increasing Tyre Recycling
13.4. Rising Online Tyre Sales
13.5. Increasing Domestic Tyre Production
14. Policy and Regulatory Landscape
15. Hungary Economic Profile
16. Competitive Landscape
16.1. Bridgestone Hungary Kft.
16.2. Michelin Hungária Abroncsgyártó Kft.
16.3. Hankook Tire Budapest Kereskedelmi Kft.
16.4. Continental Hungaria Kft.
16.5. Apollo Vredestein Kft.
16.6. Kumho Tire Co., Inc
16.7. Goodyear Dunlop Tires Hungary Trading Limited Liability Co.
16.8. Pirelli Hungary Tyre Trading and Services Ltd
16.9. Nokian Tyres P.L.C.
16.10. Cooper Tire and Rubber Co
17. Strategic Recommendations

List of Figures

Figure 1: Hungary Tyre Market Size, By Value (USD Million), By Volume (Million Units), 2010-2020F
Figure 2: Hungary Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F
Figure 3: Hungary Tyre Market Share, By Company, By Volume, 2014-2020F
Figure 4: Hungary Tyre Market Share, By Region, By Volume, 2014 and 2020F
Figure 5: Hungary Tyre Market Share, By Demand Category, By Volume, 2010-2020F
Figure 6: Hungary Passenger Car Tyre Market Size, By Value (USD Million), By Volume (Million Units), 2010-2020F
Figure 7: Hungary Passenger Car Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F
Figure 8: Hungary Passenger Car Tyre Market Share, By Demand Category, By Volume, 2010-2020F
Figure 9: Hungary Medium and Heavy Commercial Vehicle Tyre Market Size, By Value (USD Million), By Volume (Million Units), 2010-2020F
Figure 10: Hungary Medium and Heavy Commercial Vehicle Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F
Figure 11: Hungary Medium and Heavy Commercial Vehicle Tyre Market Share, By Demand Category, By Volume, 2010-2020F
Figure 12: Hungary Light Commercial Vehicle Tyre Market, By Value (USD Million), By Volume (Million Units), 2010-2020F
Figure 13: Hungary Light Commercial Vehicle Tyre Market Share, By Demand Category, By Volume, 2010-2020F
Figure 14: Hungary OTR Tyre Market Size, By Value (USD Million), By Volume (Million Units), 2010-2020F
Figure 15: Hungary Off-the-Road Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F
Figure 16: Hungary Off-the-Road Tyre Market Share, By Demand Category, By Volume, 2010-2020F
Figure 17: Hungary Two-Wheeler Tyre Market Size, By Value (USD Million), By Volume (Million Units), 2010-2020F
Figure 18: Hungary Two-Wheeler Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F
Figure 19: Hungary Two-Wheeler Tyre Market Share, By Demand Category, By Volume, 2010-2020F
Figure 20: Hungary Internet Penetration (per 100 people), 2010-2014 (%)

List of Tables

Table 1: Hungary Tyre Production Capacity of Major Players, By Volume, 2014 (Million Unit/Year)
Table 2: Hungary Automobile Production, By Volume, 2010-2014 (Absolute Units)
Table 3: Hungary Automobile Sales, By Volume, 2010-2014 (Million Units)
Table 4: Hungary Automobile Fleet, By Volume, 2010-2014 (Thousand Units)
Table 5: Hungary Automobile Production, By Volume, 2015E-2020F (Million Units)
Table 6: Hungary Tyre Market Size, By Demand Category, By Volume, 2010 - 2020 (Million Units)
Table 7: Hungary Passenger Car Sales, By Volume, 2010-2014 (Units)
Table 8: Hungary Passenger Car Fleet, 2010-2014E (Thousand Units)
Table 9: Hungary Passenger Car Production, 2010-2014 (Units)
Table 10: Hungary Passenger car Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F (Million Units)
Table 11: Hungary Passenger Car Tyre Market Size, By Demand Category, By Volume, 2010 - 2020F (Million Units)
Table 12: Hungary Medium and Heavy Commercial Vehicle Production, By Volume, 2010-2014 (Units)
Table 13: Hungary Medium and Heavy Commercial Vehicle Sales, By Volume, 2010-2014 (Units)
Table 14: Hungary MandHCV Tyre Market Size, By Demand Category, By Volume, 2010 - 2020F (Million Units)
Table 15: Hungary Light Commercial Vehicle Sales, By Volume, 2010-2014 (Units)
Table 16: Hungary Off-the-Road Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F (Million Units)
Table 17: Hungary Motorcycle Sales, By Volume, 2010-2013 (Units)
Table 18: Hungary Two-Wheeler Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F (Million Units)
Table 19: Hungary Tyre Imports, By Volume, 2010-2014 (Million Units)
Table 20: Hungary Tyre Exports, By Volume, 2010-2014 (Million Unit)
Table 21: Hungary Automobile Fleet Size, By Vehicle Type, By Volume, 2010-2014E (Million Units)
Table 22: Online Tyre Dealers in Hungary
Table 23: Hungary Custom Duties on Tyres, As of 2014


Companies Mentioned
1. Bridgestone Hungary Kft.
2. Michelin Hungária Abroncsgyártó Kft.
3. Hankook Tire Budapest Kereskedelmi Kft.
4. Continental Hungaria Kft.
5. Apollo Vredestein Kft.
6. Kumho Tire Co., Inc
7. Goodyear Dunlop Tires Hungary Trading Limited Liability Co.
8. Pirelli Hungary Tyre Trading and Services Ltd
9. Nokian Tyres P.L.C.
10. Cooper Tire and Rubber Co

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