United Kingdom Tyre Market Forecast and Opportunities, 2019

United Kingdom Tyre Market Forecast and Opportunities, 2019

Bharat Book Bureau presents the new report, on “United Kingdom Tyre Market Forecast and Opportunities, 2019”. Bridgestone and Continental have also set up their production units in the country and have plans to expand production capacity of existing plants, keenly eyeing opportunities unfolding in the UK tyre market.

Nov 21 , 2014- Mumbai, India :Bharatbook.com announces a new report on " United Kingdom Tyre Market Forecast and Opportunities, 2019”. The market is dominated by the passenger car tyre segment, which accounts for more than 80% of the total tyre demand in the country, followed by commercial vehicle, two-wheeler and off the road (OTR) tyre segments.

The United Kingdom comprises four countries, namely England, Scotland, Wales and Northern Ireland. England is the largest country in the United Kingdom in terms of both population and area. Supported by its vast population and landscape, the United Kingdom provides perfect opportunities for competition and innovative development in the automotive industry and allied markets, such as tyre market. Anticipated growth in the UK automotive industry and expansion in the overall automotive fleet is expected to boost tyre demand in the United Kingdom. Besides increasing passenger car sales, growing online sales of replacement tyres and rising demand for retreaded tyres, especially in commercial vehicles, is expected to propel tyre market in the United Kingdom over the next five years. Several leading global automotive OEMs like Nissan, Honda, etc. have established their production facilities in the United Kingdom. In addition, some of the world’s largest tyre manufacturing companies, such as Michelin, Goodyear & Dunlop, Pirelli, Bridgestone and Continental have also set up their production units in the country and have plans to expand production capacity of existing plants, keenly eyeing opportunities unfolding in the UK tyre market.

“United...