1. Market Research
  2. > Automotive
  3. > Tire Market Trends

Luxembourg Tire Market Forecast and Opportunities, 2021

  • March 2016
  • 82 pages
  • TechSci Research
Report ID: 3703395

Summary

Table of Contents

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.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global Tire Market Forecast & Opportunities, 2022

  • $ 10000
  • Industry report
  • April 2017
  • by TechSci Research

Global tire market witnessed a marginal growth during 2012-16, predominantly due to prevailing effects of Eurozone Crisis and slump in the crude oil prices which impacted the global automobile industry. ...

Isoprene Market by Type, Application, End-Use Industry, and Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • April 2017
  • by MarketsandMarkets

“The isoprene market is expected to grow at a CAGR of 7.4% during forecast period” The isoprene market is projected to reach USD 2.96 billion by 2021, at a CAGR of 7.4% from 2016 to 2021. Isoprene ...

Tires Market for OE & Replacement by Rim Size, Replacement Market, Aspect Ratio, Section Width, Retreading Market and OHV Tires Market, Application, and Region - Global Forecast to 2021

  • $ 5650
  • Industry report
  • March 2017
  • by MarketsandMarkets

“Increasing demand for low rolling resistance tires driving the tires OE (Original Equipment) market” The tires OE market is projected to grow at a CAGR of 5.48% from 2016 to 2021, to reach a market ...


Download Unlimited Documents from Trusted Public Sources

Tire Demand Statistics in Japan

  • May 2017
    11 pages
  • Tire  

  • Japan  

View report >

Tire Markets

  • May 2017
    2 pages
  • Tire  

View report >

Tire Market in Europe

  • May 2017
    2 pages
  • Tire  

    Automotive  

  • Europe  

    North America  

View report >

Global Tire Industry

30 days ago

Related Market Segments :

Tire

ref:plp2016

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.