European Tire Market Recovery

According to the Jan 19th official report released by European Tyre & Rubber Manufacturers' Association (ETRMA), 2021 is a year of recovery for the European tire industry. Besides agricultural tires, the whole replacement tire market performed splendidly in 2021.

The Original Equipment (OE) Truck Tyre sales increased by 25%, reaching 5.83 million units; Replacement Consumer tire sales rose to 14% to 219.5 million units. All-season Car tires sales increased sharply by 35% to 28.17 million units, while replacement moto & scooter tire sales increased by 14% in 9.697 million units.

On the other side, replacement agricultural tire sales fell by 3% to 1.12 million units in 2021, including a significant drop of 11% in the last quarter of 2021. OE consumer tire sales declined by 8% to 61.82 million units due to the semiconductor chips shortage in the automotive industry.

"Despite a very challenging environment, manufacturers are facing multiple opportunities as the sector is rapidly transforming in response to new developments in-vehicle technology, mobility, and regulatory policies," said Mrs. Cinaralp, Secretary-General of ETRMA, "Our sector has been resilient through the pandemic, and we look forward to this positive trend to be confirmed and the growth to consolidate in 2022, back to 2019 volumes".

In conclusion, the future tire industry will gradually rebound with positive growth as it once was. Please make the most out of the opportunity that lies ahead by visiting at China International Tire Expo Direct; We help you find your reliable tire sourcing partner!

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