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Luxembourg Tire Market Forecast and Opportunities, 2021

  • March 2016
  • -
  • TechSci Research
  • -
  • 82 pages

With highest per capita, globally, Luxembourg is one of the stable economies in Europe and is hugely benefitted from its proximity to France, Germany and Belgium. Backed by sound economic fundamentals, stable business environment and low interest rates, the automotive industry in Luxembourg is anticipated to grow over next five years, which in turn, is expected to boost demand for tires in the country through 2021. Continuous rise in vehicle registrations is also supported by availability of easy finance options and introduction of new vehicle models at regular intervals by the leading automobile players. The country’s tire market is dominated by passenger car tire segment, followed by light commercial vehicle tires, which cumulatively accounted for a volume market share of around 95% in 2015.

According to report titled, “Luxembourg Tire Market Forecast & Opportunities, 2021", tire market in Luxembourg is projected to reach ~US$ 40 million by 2021. Rising vehicle sales on account of high income levels of consumers, coupled with expanding fleet size are among the major factors boosting tire sales in the country. Goodyear is the only tire company operating a manufacturing plant in Luxembourg. Other major tire players such as Michelin, Bridgestone, Nokian, Pirelli, etc. operate in the country through the import route. On account of highly efficient regulatory framework and high disposable income, penetration of low cost Chinese tires in the country is very low.

“Luxembourg Tire Market Forecast & Opportunities, 2021” report elaborates the following aspects of tire market in Luxembourg:

- Luxembourg Tire Market Size, Share & Forecast
- Segmental Analysis – Passenger Car Tires, Light Commercial Vehicle Tires, Medium & Heavy Commercial Tires, Two Wheeler Tires, OTR Tires & Three-Wheeler Tires
- Policy & Regulatory Landscape
- Changing Market Trends and Emerging Opportunities
- Competitive Landscape and Strategic Recommendations

Why You Should Buy This Report?

- To gain an in-depth understanding of tire market in Luxembourg
- To identify the on-going trends and segment wise anticipated growth in the coming years
- To help industry consultants, tire companies and other stakeholders to align their market-centric strategies
- To obtain research based business decision and add weight to presentations and marketing materials.
- To gain competitive knowledge of leading players
- To avail 10% customization in the report without any extra charges and get the 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 includes interviews with tire companies, distributors, retailers and industry experts. Secondary research includes an exhaustive search of relevant publications such as company annual reports, financial reports and proprietary databases.

Table Of Contents

Luxembourg Tire Market Forecast and Opportunities, 2021
1. Research Methodology
2. Analyst View
3. Product Overview
4. Luxembourg Tire Production Overview
5. Luxembourg Tire 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 Car (PC), LCV, 2W, MandHCV and OTR)
5.2.2. By Region
5.2.3. By Company
6. Luxembourg Passenger Car (PC) Tire 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 (Small Cars (1000 cc 2000 cc)
7. Luxembourg Light Commercial Vehicle (LCV) Tire Market Outlook
7.1. Market Size and Forecast
7.1.1. By Value and Volume
8. Luxembourg Two-Wheeler (2W) Tire Market Outlook
8.1. Market Size and Forecast
8.1.1. By Value and Volume
9. Luxembourg Medium and Heavy Commercial Vehicle (MandHCV) Tire 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 (HCV and MCV)
10. Luxembourg Off-The Road (OTR) Tire Market Outlook
10.1. Market Size and Forecast
10.1.1. By Value and Volume
11. Import-Export Analysis
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends and Developments
13.1. Rising Online Tire Sales
13.2. Increasing Penetration of Winter Tires
13.3. Growing Demand for High Performance Tires
13.4. Rising Demand for OTR Tires
14. Policy and Regulatory Landscape
15. Luxembourg Economic Profile
16. Competitive Landscape
16.1. Continental BeneLux BVBA
16.2. Michelin BeLux SA
16.3. Goodyear Dunlop Tires Operations S.A.
16.4. Bridgestone Europe S.A.
16.5. Pirelli Tyres BeLux NV/SA
16.6. N.V. Apollo Vredestein BeLux S.A.
16.7. Hankook Tire
16.8. Nokian Tyres PLC
16.9. N.V. YOKOHAMA BELGIUM S.A.
16.10. Cooper Tire and Rubber Company
17. Strategic Recommendations


List of Figures

Figure 1: Luxembourg Tire Market Size, By Value (USD Million), By Volume (Million Units), 2011-2021F
Figure 2: Luxembourg Tire Market Share, By Vehicle Type, By Volume, 2011-2021F
Figure 3: Luxembourg Tire Market Share, By Region, By Volume, 2015 and 2021F
Figure 4: Luxembourg Tire Market Share, By Region, By Volume, 2015-2021F
Figure 5: Luxembourg Tire Market Share, By Company, By Volume, 2015-2021F
Figure 6: Luxembourg Passenger Car Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
Figure 7: Luxembourg Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2015-2021F
Figure 8: Luxembourg Per-Capita GDP, 2011-2014 (USD Thousand)
Figure 9: Luxembourg Light Commercial Vehicle Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
Figure 10: Luxembourg Two-Wheeler Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
Figure 11: Luxembourg Medium and Heavy Commercial Vehicle Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
Figure 12: Luxembourg Medium and Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2021F
Figure 13: Luxembourg Off-The-Road Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
Figure 14: Luxembourg Commercial Vehicle Tire Imports, By Value, 2010-2014 (USD Million)
Figure 15: Luxembourg Passenger Car Tire Imports, By Value, 2010-2014 (USD Million)
Figure 16: Luxembourg Off-The-Road Tire Imports, By Value, 2010-2014 (USD Million)
Figure 17: Luxembourg Two-Wheeler Tire Imports, By Value, 2010-2014 (USD Million)
Figure 18: Luxembourg Tire Imports Share, By Vehicle Type, By Value, 2014



List of Tables

Table 1: Luxembourg Tire Production Capacity, By Company and Plant Location, 2014 (Million Units/Year)
Table 2: Luxembourg Tire Market Size, By Region, By Volume, 2015-2021F (Thousand Units)
Table 3: Luxembourg Passenger Car Sales, By Volume, 2010-2014 (Units)
Table 4: Luxembourg Passenger Car Fleet, By Volume, 2010-2013 (Thousand Units)
Table 5: Luxembourg Passenger Car Tire Market Size, By Vehicle Type, By Volume, 2015-2021F (Thousand Units)
Table 6: Luxembourg LCV Sales, By Volume, 2010-2014 (Units)
Table 7: Luxembourg Two-Wheeler Sales, By Vehicle Type, By Volume, 2010-2014 (Units)
Table 8: Luxembourg Medium and Heavy Commercial Vehicle Fleet, By Vehicle Type, By Volume, 2010-2014 (Thousand Units)
Table 9: Luxembourg Medium and Heavy Commercial Vehicle Tire Market Size, By Vehicle Type, By Volume, 2015-2021F (Thousand Units)
Table 10: Luxembourg Partial List of Online Tire selling Companies
Table 11: Luxembourg off-The-Road Tire Imports, By Value, 2010-2014 (USD Million)
Table 12: Luxembourg Tire Trade Tariff Duties, By Tire Type, 2015


Companies Mentioned
1. Continental BeneLux BVBA
2. Michelin BeLux SA
3. Goodyear Dunlop Tires Operations S.A.
4. Bridgestone Europe S.A.
5. Pirelli Tyres BeLux NV/SA
6. N.V. Apollo Vredestein BeLux S.A.
7. Hankook Tire
8. Nokian Tyres PLC
9. N.V. YOKOHAMA BELGIUM S.A.
10. Cooper Tire and Rubber Company

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