2024: Bridgestone launched a new premium type of winter van tire which in all winter conditions delivers some special benefits like longevity, safety, and efficiency.
According to MarkNtel Advisors study, The Luxembourg Tire Market size was valued at around USD 68 million in 2023 and is estimated to grow at a CAGR of around 2.25% during the forecast period, i.e., 2024-30.
The continuously growing demand for passenger cars in the country is expected to boost the Luxembourg tire industry in the forecast period, owing to the surge in vehicle fleets in the country. The higher GDP per capita and disposable income of the country make it easy for individuals to spend on the purchase of their vehicles and fulfill their necessities and luxuries. The increasingly wide spending capabilities of the country are making the ownership of cars and other personal vehicles a necessary item for daily use for transportation and travel solutions. So to meet the rapidly growing demand coming from the car market for tires is expected to boost the tire industry in the country. Therefore, the increasing inclination of individuals towards the ownership of the vehicle is projected to create lucrative opportunities for the Luxembourg Tire companies.
✅In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.
Download Free Sample Copy @ https://www.marknteladvisors.com/query/request-sample/luxembourg-tire-market.html
Key Findings in Luxembourg Tire Market:
|
Historical Years |
2019-2022 |
|
Base Years |
2023 |
|
Forecast Years |
2024-2030 |
|
Key Report Highlights |
· Market Dimensions & Projections
· Pricing Evaluation, · Recent Strategic Moves by Companies, · Primary Stakeholders, · Analysis of Import and Export Trends, · Competitive Landscape Assessment, · Emerging Opportunities, · Market Trends and Indicators |
|
Reports Delivery Format
|
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address. |
Luxembourg Tire Market Key Players:
Goodyear Dunlop Tires, Michelin, Continental, Bridgestone, Pirelli, Hankook, Yokohama, Nokian, Apollo, and others
Market Segmentation Overview:
By Type of Vehicles
-Passenger Car
-Light Commercial Vehicle
-Buses and Trucks
-Medium and Heavy Commercial Vehicles
-Off the Road (OTR)
-Two Wheelers
By Demand Category
-OEM
-Replacement
By Type of Tire
-Radial
-Bias
In recent years, the largest share of the Luxembourg Tire Market was taken up by the radial tires segment, and it is estimated that this trend will go on during the forecast period. This is mainly due to the lower gap between the prices of both radial and bias tires and bias tires and the high performance offered by radial tires. Further, the durability of the radial tires is comparatively higher than the Bias tires, which also adds to the increasing demand for radial tires. Therefore, benefits associated with radial tires are positioning this segment in the leading position in the tire industry of the country.
By Sales Channel
-Dealer/Exclusive Outlets
-Online
-Others
By Season
-All season
-Summer
-Winter
By Price Category
-Budget (Up to USD)
-Economy (USD-USD
-Premium (Above USD)
By Rim Diameter
-Up to 12”
-1” to 15”
-1.” to 18”
-1” to 20”
-1” to 22.5”
-6” to 26”
-1” to 35”
-1” to 47”
-Above 47”
Read Full Report @ https://www.marknteladvisors.com/research-library/luxembourg-tire-market.html
The Luxembourg Tire Industry Recent Development:
2023: Continental became the first manufacturer in the European Union to launch Series tire which has a large share of the sustainable materials in the manufacturing.
Note: If you require specific information not covered in the current report, we can provide it through customized option
Explore Related Reports: –
About MarkNtel Advisors:
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.
Being one of the most efficient market research companies in India, our specialized team of experienced & efficient market research professionals is capable of grasping every minute and valuable information & data of the market to offer our clients with satisfactory details. Our company has served the biggest market research firms in India at leading positions and is proficient in managing all types of market research projects.
Have an Any Query,
Call Us – US Office: +1 628 895 8081
Email – [email protected]
Address Sales Office: 564 Prospect St, B9, New Haven, Connecticut, USA-06511
Address Corporate Office: Office No.109, H-159, Sector 63, Noida, Uttar Pradesh-201301, India
