Luxembourg tire market 2021 brochure
-
Upload
techsci-research -
Category
Business
-
view
223 -
download
0
Transcript of Luxembourg tire market 2021 brochure
M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
Luxembourg Tire Market Forecast and Opportunities , 2021
P r o d u c t O v e r v i e w
2
© TechSci Research
Vehicle Segment Sub-Segment Customer Segment
Passenger Car
Small Cars (<X cc)
IndividualsMedium Cars (>X cc <X cc)
Large (>X cc)
Light Commercial Vehicle N.A.Transport Companies, Logistics, Small Business Entrepreneurs, Delivery Services, Government
Medium & Heavy Commercial Vehicle
Medium Commercial Vehicle (X ton to X ton)
Logistics, SMEs, ConstructionHeavy Commercial Vehicle ( > 16 ton)
OTR (Off-the-Road) Vehicle
N.A.Farmers, Mining companies, ConstructionCompanies
Two-Wheeler N.A. Individuals, Delivery Services
Global tire supplier Michelin defines tire as, “A precisely engineered assembly of rubber,chemicals, fabric, and metal, designed to provide traction, cushion road shock andcarry a load under varying conditions.”
Classification According to Vehicle Type
Product Definition
T a b l e o f C o n t e n t s
3
© TechSci Research
S. No. Contents
1. Research Methodology
2. Analyst View
3. Product Overview
4. Luxembourg Tire Production Overview
5. Luxembourg Tire Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (Passenger Car (PC), LCV, 2W, M&HCV and OTR)
5.2.2. By Region
5.2.3. By Company
6. Luxembourg Passenger Car (PC) Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1.By Vehicle Type (Small Cars (<1000 cc), Medium Cars (>1000 cc <2000 cc) and Large Cars (>2000 cc)
7. Luxembourg Light Commercial Vehicle (LCV) Tire Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
T a b l e o f C o n t e n t s
4
© TechSci Research
S. No. Contents
8. Luxembourg Two-Wheeler (2W) Tire Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
9. Luxembourg Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type (HCV and MCV)
10. Luxembourg Off-The Road (OTR) Tire Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
11. Import-Export Analysis
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
13.1. Rising Online Tire Sales
13.2. Increasing Penetration of Winter Tires
13.3. Growing Demand for High Performance Tires Used in Electric Vehicles
13.4. Rising Demand for OTR Tires
T a b l e o f C o n t e n t s
5
© TechSci Research
S. No. Contents
14. Policy & Regulatory Landscape
15. Luxembourg Economic Profile
16. Competitive Landscape
16.1. Continental BeneLux BVBA
16.2. Michelin BeLux SA
16.3. Goodyear Dunlop Tires Operations S.A.
16.4. Bridgestone Europe S.A.
16.5. Pirelli Tyres BeLux NV/SA
16.6. N.V. Apollo Vredestein BeLux S.A.
16.7. Hankook Tire
16.8. Nokian Tyres PLC
16.9. N.V. YOKOHAMA BELGIUM S.A.
16.10. Cooper Tire & Rubber Company
17. Strategic Recommendations
18. About Us & Disclaimer
L i s t o f F i g u r e s
6
© TechSci Research
•Figure No. Title
•Figure 1: Luxembourg Tire Market Size, By Value (USD Million), By Volume (Million Units), 2011-2021F
•Figure 2: Luxembourg Tire Market Share, By Vehicle Type, By Volume, 2011-2021F
•Figure 3: Luxembourg Tire Market Share, By Region, By Volume, 2015 & 2021F
•Figure 4: Luxembourg Tire Market Share, By Region, By Volume, 2015-2021F
•Figure 5: Luxembourg Tire Market Share, By Company, By Volume, 2015-2021F
•Figure 6: Luxembourg Passenger Car Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
•Figure 7: Luxembourg Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2015-2021F
•Figure 8: Luxembourg Per-Capita GDP, 2011-2014 (USD Thousand)
•Figure 9: Luxembourg Light Commercial Vehicle Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
•Figure 10: Luxembourg Two-Wheeler Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
•Figure 11: Luxembourg Medium and Heavy Commercial Vehicle Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
•Figure 12: Luxembourg Medium and Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2021F
•Figure 13: Luxembourg Off-The-Road Tire Market Size, By Value (USD Million), By Volume (Thousand Units), 2011-2021F
•Figure 14: Luxembourg Commercial Vehicle Tire Imports, By Value, 2010-2014 (USD Million)
•Figure 15: Luxembourg Passenger Car Tire Imports, By Value, 2010-2014 (USD Million)
•Figure 16: Luxembourg Off-The-Road Tire Imports, By Value, 2010-2014 (USD Million)
•Figure 17: Luxembourg Two-Wheeler Tire Imports, By Value, 2010-2014 (USD Million)
•Figure 18: Luxembourg Tire Imports Share, By Vehicle Type, By Value, 2014
L i s t o f T a b l e s
7
© TechSci Research
•Figure No. Title
•Table 1: Luxembourg Tire Production Capacity, By Company & Plant Location, 2014 (Million Units/Year)
•Table 2: Luxembourg Tire Market Size, By Region, By Volume, 2015–2021F (Thousand Units)
•Table 3: Luxembourg Passenger Car Sales, By Volume, 2010–2014 (Units)
•Table 4: Luxembourg Passenger Car Fleet, By Volume, 2010–2013 (Thousand Units)
•Table 5: Luxembourg Passenger Car Tire Market Size, By Vehicle Type, By Volume, 2015-2021F (Thousand Units)
•Table 6: Luxembourg LCV Sales, By Volume, 2010–2014 (Units)
•Table 7: Luxembourg Two-Wheeler Sales, By Vehicle Type, By Volume, 2010–2014 (Units)
•Table 8:Luxembourg Medium & Heavy Commercial Vehicle Fleet, By Vehicle Type, By Volume, 2010–2014 (Thousand Units)
•Table 9:Luxembourg Medium & Heavy Commercial Vehicle Tire Market Size, By Vehicle Type, By Volume, 2015-2021F (Thousand Units)
•Table 10: Luxembourg Partial List of Online Tire selling Companies
•Table 11: Luxembourg off-The-Road Tire Imports, By Value, 2010-2014 (USD Million)
•Table 12: Luxembourg Tire Trade Tariff Duties, By Tire Type, 2015
R e s e a r c h M e t h o d o l o g y
8
© TechSci Research
Baseline Methodology:
For the study, TechSci Research gathered information through primary research surveys with leading tiresuppliers based in Luxembourg, and subsequently, verified information from major distributors of automobiletires in the country. We also put through an exhaustive search of credible paid databases such as BusinessWeek, Factiva, Hoovers, etc., including our internal database. Our team of analysts has then prudentlyevaluated all the collected information and presented the same in chronological order to depict a meaningfuland clear picture of the tire market in Luxembourg.
While compiling the data, we have also cross checked all the collected information from multiple sources anddata warehouses, so as to present the most accurate and precise information of the concerned industry. Weuse innovative business model that focuses on improving productivity, while ensuring creation of high-qualityreports. The reports are prepared with in-depth primary research, followed by exhaustive secondary research.
Primary Research - Companies Interviewed
S. No. Company Name
1 Goodyear Dunlop Tires Operation S.A.
2 Michelin Belux SA
3 Bridgestone Europe S.A
4 Pirelli Tyres Belux NV / SA
5 N.V. Apollo Vredestein BeLux S.A.
Few of Sources of Secondary Research
S. No. Secondary Source
1European Tyre and Rubber Manufacturers
Association (ETRMA)
2European Automotive Manufactures
Association (ACEA)
3 Eurostat
4International Organization of Motor Vehicle
Manufacturers (OICA)
6The Belgian Federation of Automobile and
Motorcycle
7European Association of Motorcycle
Manufacturers (ACEM)
8 World Bank
R e s e a r c h M e t h o d o l o g y
9
© TechSci Research
For the preparation of Luxembourg tire report, bottom up model has been used, which has been later on crossvalidated by using top down approach.
Vehicle Sales & Fleet Size
The basic data points that are needed for the analysis of Luxembourg tire market are the historical, current andforecast figures for vehicle production, sales and fleet size. Data for fleet size has been extracted through variousgovernment sources and credible data portals. TechSci Research also maintained a database for vehicle production,sales and fleet size for each vehicle segment (passenger cars, light commercial vehicle, medium & heavy commercialvehicles, two-wheelers & off-the-road vehicles), which is regularly updated through various primary research surveysand secondary sources such as automotive associations & government publications.
Tire Demand
Replacement Tire Sales
Replacement tire demand of a particular country is directly dependent on the country’s vehicle fleet size and historicalvehicle sales. The replacement demand is therefore extracted by multiplying the vehicle fleet with the replacementtire ratio, which is obtained by conducting a series of surveys with car owners to understand the frequency of tirereplacement as it varies from one country to another depending upon factors such as road conditions, climate,economic and regulatory policies applicable in a country. The replacement ratio is expressed as a percentage. Forexample, in case of passenger cars, replacement ratio is considered to be X% if four tire is replaced per vehicle peryear.Example for Passenger Car replacement tire demand calculation:
The calculated replacement tire demand data is further analyzed by TechSci Research through Delphi technique i.e.multiple rounds of telephonic interviews were conducted with tire companies/dealers in Luxembourg. The informationthus gathered through primary interviews was cross-verified through industry experts and secondary sources such asannual reports and paid databases to generate meaningful results.
Passenger
Car Fleet
Size
(Volume)
X
Replacement
Ratio
(in %)
X No. of Tires =Replacement
Tire Demand
X X X% X X = X tires
R e s e a r c h M e t h o d o l o g y
10
© TechSci Research
Tire Trade (Imports & Exports)
TechSci Research has analyzed tire imports and exports in Luxembourg. The data has been gathered throughgovernment agencies and credible paid databases. The total tire trade has been segmented in accordance withbelow mentioned HS codes:
The imports and exports figures for each HS Code have been depicted in Value (USD Million).
Tire Brands Mapping
TechSci Research has mapped all tire brands are being sold in Luxembourg. TechSci Research has gatheredthis information through primary and secondary research. The brands being sold in Luxembourg are importedfrom other countries. The objective behind brand mapping is to understand more about the competition suchas market share, current targets, future strategy, etc.
Forecast
For forecasting the numbers, we have used time series analysis along with regression analysis, followed byjudgmental analysis.
HS Code Description Tire Type
XXXX Motor Cars Passenger Car Tire
XXXX Bus or Lorries Tire Commercial Vehicle Tire
XXXX Motorcycle Tire Two-Wheeler Tire
XXXX Tire Having a "Herring Bone"
OTR Tire
XXXX Tire Having a "Herring Bone"
XXXX Tire Having a "Herring Bone"
XXXX Tire Having a "Herring Bone"
XXXX Tire Having a "Herring Bone"
XXXX Agriculture Tire
XXXX Construction/Industrial Tire
XXXX Construction/Industrial Tire
XXXX Others Other Tire
I n d u s t r y B r i e f
11
Tire Market in Luxembourg to touch $ 40 Million Sales by 2021
Increasing production and sales of vehicles due to low interest rates on vehicle finance to drive tire sales inLuxembourg
According to TechSci Research report, “Luxembourg Tire Market Forecast & Opportunities, 2021”, tire marketin Luxembourg is projected to reach around $ 40 million on account of increasing automobile sales, high percapita income of consumers and favourable taxation norms. Import of tires into Luxembourg by various globaltire brands such as Michelin, Bridgestone, Pirelli, Nokian and Hankook is a major source of meeting thecountry’s tire demand. Goodyear is the only tire company operating its tire manufacturing plant in thecountry. In 2015, passenger car tire segment dominated Luxembourg tire market with a market share of over90%, followed by light commercial vehicle tires, two-wheeler tires, medium & heavy commercial vehicle tiresand OTR tires.
Anticipated growth in various sectors such as logistics and construction is expected to have a positive impacton Luxembourg tire market during 2016-2021. The location of Luxembourg gives it a strategic advantage ofdelivering raw material and supplies to almost all neighbouring countries in a shorter duration, eventuallymaking country a hub of suppliers for almost all key industries. This fact has considerably boosted the logisticsand supply chain industry of the country, consequent to which, demand for commercial vehicles is increasing,in turn generating demand for tires from the replacement segment. On account of high population coupledwith huge tourist inflow, Luxembourg district accounted for the largest volume share of the country’s tiremarket, followed by Diekirch district and Grevenmacher district.
“Luxembourg’s tire market is a replacement driven market, with most of the tire demand being met throughtire imports. Yet, on account of high purchasing power of the people, coupled with favourable fiscal andmonetary policies, the tire market in the country is expected to grow over next five years.” said Mr. KaranChechi, Research Director with TechSci Research, a research based global management consulting firm.
S a m p l e D a t a - S n a p s h o t
12
© TechSci Research
Luxembourg Tire Market Share, By Vehicle
Type, By Volume, 2011-2021F
50% 51% 52% 53% 54% 55% 56% 57% 58% 59% 60%
Passenger Car
1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11%2% 3% 4% 5% 6% 7% 8% 9% 10% 11% 12%4% 5% 6% 7% 8% 9% 10% 11% 12% 13% 14%
6% 7% 8% 9% 10% 11% 12% 13% 14% 15% 16%
2011 2012 2013 2014 2015 2016E2017F2018F2019F2020F2021F
OTR M&HCV Two Wheeler LCV
Luxembourg Tire Market Share, By
Region, By Volume, 2015 & 2021F
Grevenmacher
2015 2021F
X% X%
Diekirch
2015 2021F
X% X%
Luxembourg
2015 2021F
X% X%
Luxembourg Tire Market Share, By Region, By Volume, 2015-2021F
11.00% 11.01% 11.02% 11.03% 11.04% 11.05% 11.06%15.00% 15.01% 15.02% 15.03% 15.04% 15.05% 15.06%
50.00% 50.01% 50.02% 50.03% 50.04% 50.05% 50.06%
2015 2016E 2017F 2018F 2019F 2020F 2021F
Grevenmacher District Diekirch District Luxembourg District
1 2 3 4 5 7 8 9 10 11 123 5 7 9 11
15 17 19 21 23 25
2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F
Value (USD Million) Volume (Thousand Units)
Luxembourg Light Commercial Vehicle Tire Market Size, By
Value (USD Million), By Volume (Thousand Units), 2011-2021F
Luxembourg Passenger Car Tire Market Size, By Value (USD
Million), By Volume (Thousand Units), 2011-2021F
1 2 3 4 5 7 8 9 10 11 12
3 5 7 9 1115 17 19 21 23 25
2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F
Value (USD Million) Volume (Thousand Units)
12
34
2011 2012 2013 2014
Luxembourg Per-Capita GDP, 2011-2014 (USD Thousand)
Luxembourg Medium and Heavy Commercial Vehicle Tire
Market Share, By Vehicle Type, By Volume, 2015-2021F
12.00% 12.01% 12.02% 12.03% 12.04% 12.05% 12.06%
80.00% 80.01% 80.02% 80.03% 80.04% 80.05% 80.06%
2015 2016E 2017F 2018F 2019F 2020F 2021F
MCV HCV
R e p o r t O r d e r i n g
To View Sample OR Purchase Report
Report Price
Report Name: Luxembourg Tire Market Forecast and Opportunities, 2021
License Type Price
Electronic Access - Single User License $2500
CD-ROM Mail Delivery $3000
Hard Copy Mail Delivery $3500
Electronic Access - Multi-User License $5000
13
A b o u t U s & D i s c l a i m e r
14
© TechSci Research
TechSci Research – North America
2950, Boundary Road, Burnaby,
British Columbia, Canada
Tel: +1- 646- 360-1656
Email: [email protected]
www.techsciresearch.com
About Us
TechSci Research is a global market research and consulting company with offices in Canada, India and the UK . TechSci Research
provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on
improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both
industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional
and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich
evaluation of the opportunities available in the market.
Related Reports
Argentina Tire Market Forecast & Opportunities, 2020
Iran Tire Market Forecast & Opportunities, 2020
Germany Tire Market Forecast & Opportunities, 2020
Partial List of Clients
Disclaimer
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made thatit is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sourcesincluding which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of anyinformation and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that ithas no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can changewithout notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage ofthe same for purpose other than internal will require prior approval of TechSci Research.
TechSci Research – Europe
54, Oldbrook, Bretton,
Peterborough,
United Kingdom
Email: [email protected]
www.techsciresearch.com
TechSci Research – Asia-Pacific
A – 51, Sector -57, Noida, National
Capital Region, U.P. - India
Tel: +91-120-4253900
Email: [email protected]
www.techsciresearch.com