The Poland Tire Market is expecting around 3% CAGR during 2022-27, cites MarkNtel Advisors in their recent research report. The expanding vehicle fleet in Poland, owing to various construction projects in line with the growing government focus on infrastructural developments, i.e., surging the demand for light, medium, & heavy commercial vehicles and driving the market.
Besides, the active participation of prominent automakers in increasing the sales of commercial vehicles has made Poland the largest tire manufacturer in Europe and is playing a crucial role in generating growth opportunities for tire manufacturers to expand their scalability over the coming years. Moreover, with favorable government policies, the country is attracting massive Foreign Direct Investments in the automotive industry, i.e., positively influencing the growth of the tire market.
Furthermore, the swift improvement in the economic conditions of the people & their burgeoning inclination toward private vehicle ownership is another prominent reason behind the escalating vehicle fleet and mounting demand for tires across Poland, further states the research report, “Poland Tire Market Analysis, 2022.”
Increasing Manufacturing of Commercial Vehicles across Poland to Drive the Tire Market through 2027
Medium & Heavy Commercial Vehicles are expecting the largest share in the Poland Tire Market during 2022-27. It attributes principally to the growing requirements for commercial vehicles in construction cities due to rigorous infrastructural developments, i.e., infusing the demand for robust tires.
Besides, Poland, a major manufacturer of commercial vehicles across Europe's Central & Eastern parts, is generating remunerative prospects for the leading tire manufacturers to set up their production plants across the country and, in turn, promote the overall market growth, reveals MarkNtel Advisors in their research report, "Poland Tire Market Analysis, 2022."
The leading players in the Poland Tire Market are Goodyear Dunlop Tires, Michelin, Continental, Bridgestone, Pirelli, Hankook, Kumho, Cooper, Nokian, and Apollo Vredestein.
Key Questions Answered in the Research Report