The European Rubber Tyres and Tubes market saw a varied turnover in 2023, with France leading at 12.15 billion Euros, followed by Germany at 8.84 billion Euros, and Italy at 6.56 billion Euros. France experienced a significant year-on-year increase of 6.43%, while Germany's turnover was relatively stable with a slight 0.1% increase. Italy and other key players like Poland, Romania, and Slovakia saw moderate growth. However, some countries like Spain, the United Kingdom, and Estonia witnessed declines in turnover, with significant drops observed in Greece (-23.86%) and Denmark (-11.79%). Notably, Bulgaria had a remarkable increase of 87.22% compared to 2022.
Future trends in the European Rubber Tyres and Tubes market are expected to focus on the increasing adoption of sustainable and eco-friendly tyres, advancements in tyre technology, and a potential shift towards electric vehicles which may impact the demand dynamics. Collaboration between tyre manufacturers and automotive firms to meet new regulatory standards for lower emissions and environmental impact will be crucial. Monitoring these factors will help anticipate changes in market turnover by country.
Top countries in Rubber Tyres and Tubes Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 12,150 | 2023 | +28.91% | +6.43% | View data |
| 2 | 2 Germany | 8,840 | 2023 | +3.72% | +0.1% | View data |
| 3 | 3 Italy | 6,560 | 2023 | +6.13% | +1.63% | View data |
| 4 | 4 Czech Republic | 3,690 | 2023 | +3.99% | +0.96% | View data |
| 5 | 5 Spain | 3,360 | 2023 | +2.79% | -0.11% | View data |
| 6 | 6 Poland | 2,650 | 2023 | +5.05% | +2.36% | View data |
| 7 | 7 Romania | 2,200 | 2023 | +3.63% | +3.19% | View data |
| 8 | 8 Slovakia | 2,100 | 2023 | +7.7% | +4.33% | View data |
| 9 | 9 Hungary | 1,990 | 2023 | +6.84% | +2.73% | View data |
| 10 | 10 United Kingdom | 1,530 | 2023 | -2.85% | -1.91% | View data |
