Poland is currently an emerging economy in Europe. Due to its geographical location, the country exports tires to Germany, France, Italy, Spain, United Kingdom, Romania, Czech Republic, etc. The sales for passenger cars flourished in 2019 owing to the rising demand for luxury vehicles such as Sedans, SUVs, and Hatchbacks, etc. Moreover, rising vehicle fleet size in the country which is driving the sales for tires by OEMs is augmenting the overall tire industry.
According to the MarkNtel Advisors’ research report titled “Poland Tire Market Analysis, 2020”, the Tire market is anticipated to register a CAGR of around 3% during 2020-25. Online tire sales are currently experiencing an emerging demand in Poland. However, sales through online channels are not following a similar trajectory as followed by other product categories such as apparel, household products, eatables, etc. The growth has been quite slow and the same trend is expected during the forecast period as well. The dealers and distributors dominated the tire market with the highest market share in 2019 owing to the presence of a large number of dealers and exclusive stores operating in the country.
Replacement Demand from Trucks and Buses Enhancing the Overall Sales
The truck tire replacement sales exhibited only a slight increase after the positive results of the first quarter of 2019. The results till July 2019 remained positive with 5.4% overall increase. As the country has a presence of OEMs, the segment bagged a considerable market share. Thus, the replacement demand is expected to acquire the subsequent market share in the country.
According to the MarkNtel Advisors, the major players who has captured a significant market share in the Poland tire market include Goodyear Dunlop Tires, Michelin, Continental, Bridgestone, Pirelli, Hankook, Kumho, Cooper, Nokian, Apollo Vresdestein, etc. In 2019, Starco deliberated to build a plant for increasing the warehouse capacity and fitting facilities at the Mielec site. The site is expected to get operational by 2020.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report Poland Tire Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecasted up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million, while the market volume is measured in terms of Unit sold (Million Units).
Q. What would be the growth rate or CAGR of Poland Tire Market during 2020-25?
A. The market size of Poland Tire Market during 2020-25 is forecast to be around 3%.
Q. Who are the key competitors or players operating in Poland Tire Market?
A. Goodyear Dunlop Tires, Michelin, Continental, Bridgestone, Pirelli, Hankook, Kumho, Cooper, Nokian, Apollo Vresdestein and few others are the leading players in the Poland Tire Market.
Q. Does the report scope cover tire rim size wise market statistics also?
A. Yes, the scope of the report encompasses detailed tire rim size wise statistics such as market size, market segmentation, market overview based on various subcategories.
Q. Which sale channel would emerge as an opportunity area for players in Poland Tire Market?
A. The dealers and distributors dominated the tire market with the highest market share in 2019 owing to the presence of a large number of dealers and exclusive stores operating in the country. Online tire sales are an emerging trend in Poland. However, sales through online channels are not following a similar trajectory as followed by other product categories such as apparel, household products, eatables, etc.
Q. Which Vehicle type segment would emerge as an opportunity area for players in Poland Tire Market?
A. The passenger car vehicle segment holds the lion’s share in the Poland tire market. The sales for passenger cars flourished owing to the rising demand for luxury vehicles such as Sedans, SUVs, and Hatchbacks, etc. Moreover, mounting vehicle fleet size in the country is driving the sales for tires by OEMs is augmenting the overall tire industry.
Q. On demand basis which segment would emerge as an opportunity area for players in Poland Tire Market?
A. The truck tire replacement sales exhibited only a slight increase after the very good results of the first quarter of 2019. The results till July 2019 remained positive with 5.4% overall increase. As the country has a presence of OEMs, the segment bagged a considerable market share however, major market share was grabbed by the replacement demand.
Q. Which season tire type segment would emerge as an opportunity area for players in Poland Tire Market?
A. The winter tires have marked their footprints in the region, however, the all-season tires would continue to maintain their domination through 2025.
