- Nov 20 2014
Germany the Market for Automotive Tires
About this product:
Although the German tire market experienced significant positive growth from 2004 to 2005, this growth was unevenly distributed across sub-sectors. The greatest sales growth took place in the replacement tire market for winter tires, which for the first time outsold summer tires in 2005 due to public debates about the implementation of a winter tire requirement and because of heightened interest in road safety. Other growth markets were run-flat tires, which are becoming standard issue on an increasing number of new cars, as well as off-road tires, which are growing in sales as sports utility vehicles (SUVs) gain popularity in Germany. Additionally, as the German domestic passenger vehicle market continues to recover, sales of tires for new cars are experiencing strong growth. These trends are expected to continue through 2006.