In 2023, Germany led the European sold production of new pneumatic rubber tyres for motor cars, valued at 2.6398 billion Euros. Romania, Czechia, Hungary, and Spain also demonstrated strong performances, with Romania experiencing a notable year-on-year growth of 2.53%. Conversely, France and Portugal faced challenges, with France declining by 5.38% and Portugal dropping significantly by 10.65%. Estonia and the UK also showed negative trends, while Poland exhibited a positive trend of 2.99% growth.
Looking ahead, the European tyre industry is expected to face dynamic market conditions influenced by advancements in electric vehicle adoption, shifts in consumer preferences towards sustainable products, and evolving regulatory standards aimed at reducing carbon emissions. These factors could drive innovation and strategic adjustments in production and market expansion strategies across Europe.
Top countries in Sold Production of New Pneumatic Rubber Tyres for Motor Cars by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,639,800,000 | 2023 | +7.12% | +0.97% | View data |
| 2 | 2 Romania | 1,526,200,000 | 2023 | +2.93% | +2.53% | View data |
| 3 | 3 Czechia | 1,470,500,000 | 2023 | |||
| 4 | 4 Hungary | 1,213,400,000 | 2023 | +3.11% | +2.38% | View data |
| 5 | 5 Spain | 1,103,200,000 | 2021 | +14.12% | +2.99% | View data |
| 6 | 6 Poland | 1,028,900,000 | 2023 | +2.02% | +2.99% | View data |
| 7 | 7 France | 927,150,000 | 2023 | -3.09% | -5.38% | View data |
| 8 | 8 Italy | 663,180,000 | 2023 | +2.39% | -0.24% | View data |
| 9 | 9 United Kingdom | 455,370,000 | 2023 | -1.23% | -3.05% | View data |
| 10 | 10 Estonia | 2,676,100 | 2023 | +32.88% | View data |
