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

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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

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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




6.2.1.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




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S. No. Contents

8. Luxembourg Two-Wheeler (2W) Tire Market Outlook



9. Luxembourg Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook




9.2.1. By Vehicle Type (HCV and MCV)

10. Luxembourg Off-The Road (OTR) Tire Market Outlook



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


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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

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•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

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•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

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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


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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


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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 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

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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.

http://www.techsciresearch.com/report/luxembourg-tire-market-forecast-and-opportunities-2021/621.html

S a m p l e D a t a - S n a p s h o t

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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)

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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

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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.

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