There is an upward trend in the European market demand for tires
According to reports, the Canadian TechSciResearch company recently said that with the increase of car ownership in the European region, the region of the tire demand also will become a rising trend year by year. This trend is expected to will continue until at least 2019.
TechSciResearch in forecast a report mentioned that the rapid growth in Western Europe, central and Eastern Europe in the automotive industry, for the development of the tire industry in Europe brought strong driving force, the period from 2014 to 2019, the European tire market is expected to keep 5% compound annual growth rate. (steel structure welding equipment)
At present, Europe has more than 90 tire production plants and 15 tire R & D center, in the next few years, Europe will maintain the status of the global tire technology development center. (steel structure welding equipment)
The industry is expected that the next few years, the passenger car market will be the main battlefield of the European tire industry. By 2020, passenger cars and light commercial vehicles sales in Western Europe is expected to reach 16 million 900 thousand, sales in Central Europe is expected to reach 3 million 700 thousand units, sales in Eastern Europe will reach 4 million 600 thousand units. (steel structure welding equipment)
TechSciResearch researcher Mr.KaranChechi said that the recovery of the European car industry has also led to the development of automotive related industries, and tire manufacturing industry is precisely the most benefit of the industry. (steel structure welding equipment)