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Passenger Car Tires Market in Belgium 2015-2019 |

(IT-NEWSWIRE.COM, July 23, 2015 ) The passenger car tires market in Belgium is one of the key markets for tire manufacturers due to the presence of established automakers such as Audi and Volvo. Prior to the economic recession and eurozone crisis, the demand from OEMs as well as the replacement sector had been steady due to a sedate increase in new car sales.

The automotive industry in Belgium is one of the key export industries. In 2014, vehicle export in Belgium accounted for approximately 9.7% of total products exported from the country. The country's location also serves beneficial for vehicle manufacturers to utilize Antwerp port to export vehicles. The Flanders region is equally important for automakers as it has several attractive tax schemes and incentives for manufacturers, especially for those invest in R&D projects. Post-recession, the industry has been undergoing several changes to adjust to the effects of the eurozone crisis.

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Technavio's analysts forecast the passenger car tires market in Belgium to grow at a CAGR of 2.38% over the period 2014-2019.

Covered in this Report
The report covers the present scenario and the growth prospects of the passenger car tires market in Belgium for the period 2015-2019. Based on distribution channel, the passenger car tires market in Belgium can be segmented into two: OEM and replacement. To calculate the market size, the report considers revenue generated through sales from these two segments.

Technavio's report, Passenger Car Tires Market in Belgium 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Vendors
Apollo Vredestein
Bridgestone Europe
Goodyear Dunlop (EMEA)

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Other Prominent Vendors
Cooper Tire & Rubber
Hankook Tire Group
Nankang Rubber Tire
Nokian Tyres
Syron Tires

Key Market Driver
Improving Economic Conditions
For a full, detailed list, view our report

Key Market Challenge
Availability of Imported Tires
For a full, detailed list, view our report

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Key Market Trend
Tires Designed for EVs
For a full, detailed list, view our report

Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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