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Hungary Tire Market Forecast and Opportunities , 2021
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
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T a b l e o f C o n t e n t s
S No. Contents
1. Product Overview
2. Research Methodology
3. Analyst View
4. Hungary Tire Production Overview
5. Hungary 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), Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV), Two-Wheeler (2W) & Off-The-Road(OTR))
5.2.2. By Company
5.2.3. By Region
5.2.4. By Demand Category (OEM Vs Replacement)
5.2.5. By Online Vs Offline
5.2.6. By Radial vs Bias
5.3. Prominent Tire Sizes
5.4. Market Attractiveness Index, By Region
5.5. Market Attractiveness Index, By Vehicle Type
6. Hungary Passenger Car (PC) Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
Market Share & Forecast
6.2.1. By Vehicle Type (Sedan, SUV & Hatchback)
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T a b l e o f C o n t e n t s
S No. Contents
6.2.2. By Demand Category (OEM Vs Replacement)
6.2.3. By Radial Vs Bias
7. Hungary Light Commercial Vehicle (LCV) Tire Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type (Light Truck & Light Bus)
7.2.2. By Demand Category (OEM Vs Replacement)
7.2.3. By Radial Vs Bias
8. Hungary Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type (Truck & Bus)
8.2.2. By Demand Category (OEM Vs Replacement)
8.2.3. By Radial Vs Bias
9. Hungary Two-Wheeler 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 (Motorcycle & Scooters)
9.2.2. By Demand Category (OEM Vs Replacement)
9.2.3. By Radial Vs Bias
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T a b l e o f C o n t e n t s
S No. Contents
10. Hungary OTR Tire Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Vehicle Type (Industrial Equipment Vehicles & Agriculture Equipment Vehicles)
10.2.2. By Demand Category (OEM Vs Replacement)
10.2.3. By Radial Vs Bias
11. Import-Export Analysis
12. Market Dynamics
12.1. Drivers
12.2. Challenges
13. Market Trends & Developments
13.1. Growing Tire Radialization
13.2. Growing Penetration of Chinese Tires
13.3. Increasing Domestic Tire Production
13.4. Increasing Penetration of Online Tire Sales
13.5. Dominance of Passenger Car Segment
14. Policy & Regulatory Landscape
15. Hungary Economic Profile
16. Competitive Landscape
16.1. Hankook Tire Hungary Ltd.
16.2. Continental Hungaria Kft.
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T a b l e o f C o n t e n t s
S No. Contents
16.3. Michelin Hungaria Tyre Manufacture Ltd.
16.4. Goodyear Dunlop Tires Hungary Kft.
16.5. Bridgestone Hungary Kft.
16.6. Kumho Tire Co., Inc
16.7. Nokian Tyres plc
16.8. Cooper Tire & Rubber Company
16.9. Pirelli Hungary Tyre Trading and Services Ltd
16.10. Apollo Vredestein Kft.
17. Strategic Recommendations
18. About Us & Disclaimer
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Vehicle Segment Sub-Segment Customer Segment
Passenger Car
Sedan
IndividualsSUV
Hatchback/Small Car
Light Commercial Vehicles (LCVs)
Light Trucks Logistics, Small Business Entrepreneurs, etc.Light Bus
Medium and Heavy Commercial Vehicles
(M&HCV’s)
TrucksTransport Companies, Logistics, Small Business Entrepreneurs, Government
Bus
Two-Wheelers
Motorcycle
Individuals
Scooters
OTRIndustrial Equipment Vehicles Construction and Mining Companies, Military
and Adventure purposes, Sports & RacingAgriculture Equipment Vehicles
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
P r o d u c t O v e r v i e w
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•In-depth secondary research was used todetermine top players in Hungary tiremarket, overall market size and to identifytop automobile tire manufactures.
Market Profiling
•In order to conduct industry expertsinterviews, TechSci Research formulated adetailed questionnaire.
Formulating Questionnaire
•List of industry players (manufacturers),distributors, retailers, and industry specialistswas developed.
Developing list of respondents
•TechSci Research conducted interviews withindustry experts, industry players, for datacollection and verification.
Data Collection
•Data obtained as a result of primary andsecondary research was validated throughrigorous triangulation.
Data Validation
•The data was scrutinized using MS-Excel andstatistical tools such as Time Series analysisetc. to obtain qualitative and quantitativeinsights about Hungary tire market.
Data Analysis
Data Collection
Data Filter& Analysis
Research &Intelligence
ActionableInsights
BusinessSolution
A
C
B
Primary Research
Company Analysis
Desk Research
Identifying Key Opinion
Leaders
Questionnaire Design
In-depth Interviews
Market Participants
Key Strengths
Tire Portfolio
OEM Tie-ups
Recent
Developments
Market Changing
Aspects/Dynamics
Government
Policies
Final Conclusion
TechSci Internal database
Factiva Hoovers
Paid Sources
Company Website Company Annual
Reports White Paper
Study Financial Reports Investor
Presentations Regulatory Body, Associations, etc.
Secondary Research
Primary Research
R e s e a r c h M e t h o d o l o g y
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I n d u s t r y B r i e f
Hungary Tire Market to Grow at 9% till 2021
Continuously expanding automobile production and fleet size, coupled with growing sales of automobiles todrive Hungary tire market through 2021
According to TechSci Research report, “Hungary Tire Market Forecast and Opportunities, 2021”, Hungary tiremarket is forecast to grow at a CAGR of over 9%, in value terms, during 2016-2021, on account of growingautomobile sales and expanding automobile fleet size. Growing demand for tires and increasing vehicle fleetin the country is anticipated to encourage new flagship tire manufacturers to enter the country in order tocapitalize on the bolstering demand for tires in Hungary.
In 2015, Hungary recorded GDP per capita of around USD12,259. Government of Hungary has initiatedseveral infrastructural projects and developments and this has propelled demand for commercial vehicles aswell as related tires in the country. Moreover, growing demand for radial tires in Hungary can be attributed tobenefits such as high fuel efficiency, improved mileage, etc. Few of the prominent tire manufacturingcompanies that have a strong presence in the country include Michelin, Hankook, Continental, Goodyear,Bridgestone, etc.
Hungary’s strategic geographical location in Central Europe, and supportive investment policies has made thecountry a prominent investment destination for various automotive companies. Robust growth in productionof vehicles in the country is further forecast to boost the country’s automotive industry in the coming years.Further, rising penetration of internet and smartphones in the country from 68% in 2011 to about 72.8% in2015 is projected to drive sales of tires through online channels due to benefits such as availability of variousflagship tire brands, discounts and other value-added features including fitment of tires at their preferred tirestores. These factors are anticipated to augur well for the country’s tire market through 2021, said Mr. KaranChechi, Research Director with TechSci Research, a research based global management consulting firm.
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S a m p l e D a t a - S n a p s h o t
Hungary Tire Market Size, By Value (USD Billion),
By Volume (Million Unit), 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 Billion) Volume (Million Units)
Source:XXXXXNote: These are dummy figures; please purchase our report for actual data
5% 5% 5% 5% 5% 5% 5%10% 10% 10% 10% 10% 10% 10%
15% 15% 15% 15% 15% 15% 15%
20% 20% 20% 20% 20% 20% 20%
25% 25% 25% 25% 25% 25% 25%30% 30% 30% 30% 30% 30% 30%
2015 2016E 2017F 2018F 2019F 2020F 2021F
Hankook Continental Michelin Goodyear Bridgestone Others*
Hungary Tire Market Share, By Company, By Volume, 2015-2021F
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
0.00 1.00 2.00 3.00 4.00 5.00 6.00
Hungary Tire Market Attractiveness Index, By Vehicle
Type, By Volume, 2015-2021F
Passenger Car
Light Commercial Vehicle
OTR
Two-Wheeler
Medium & Heavy Commercial
Vehicle
Hungary Tire Market Share, By Region, By Volume, 2015-2021F
1% 1% 1% 1% 1% 1% 1%5% 5% 5% 5% 5% 5% 5%
10% 10% 10% 10% 10% 10% 10%
15% 15% 15% 15% 15% 15% 15%
20% 20% 20% 20% 20% 20% 20%
25% 25% 25% 25% 25% 25% 25%
30% 30% 30% 30% 30% 30% 30%
2015 2016E 2017F 2018F 2019F 2020F 2021F
Central Hungary Northern Great Plain
Southern Great Plain Northern Hungary
Central Transdanubai Western Transdanubai
Hungary Tire Market Share, By Region, By Volume, 2015 & 2021F
2015: X%2021F: X%
2015: X% 2021F: X%
2015: X%2021F: X%
Western Transdanubia
Central Transdanubai
Southern Transdanubai
2015: X%2021F: X%
2015: X% 2021F: X%
2015: X%2021F: X%
Southern Great
Plain
Northern Great Plain
Northern Hungary
2015: X%2021F: X% Central Hungary
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R e p o r t O r d e r i n g
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Report Price
Report Name: Hungary Tire Market Forecast and Opportunities, 2021
License Type Price
Electronic Access - Single User License $2700
CD-ROM Mail Delivery $3200
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TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides
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of the opportunities available in the market.
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