Benelux Automotive Tire Market Outlook

the benelux automotive tire market has witnessed significant changes in terms of technology, players, and demand pattern in recent years. it is expected that from 2018 to 2023, the benelux automotive tire market will witness demand for technologically advanced and eco-friendly automotive tire products. the major factors driving growth in this market include rising disposable income, increasing automobile production, innovations in automobile technology, and increasing demand for oe tires. availability of custom-made tires, preference for eco-friendly tire products, and emergence of high-performance tires are some of the other factors projected to fuel the growth of this market. in terms of technology, the benelux automotive tire market is expected to be dominated by radial tires with tubeless tires being the most popular. radial tire technology is expected to be adopted due to its superior performance characteristics. in addition, the demand for run-flat tires is increasing as they allow the vehicle to move even after the tire has sustained puncture. the use of run-flat tires is expected to increase, particularly in the benelux markets, due to the increasing number of accidents and road mishaps. in terms of product type, the market is expected to witness demand for passenger car tires and light truck tires. passenger car tires are estimated to constitute majority share in the benelux automotive tire market in terms of revenue share. depending on their end-use applications, the market is estimated to witness demand for wide base tires for heavy commercial vehicles, narrow base tires for commercial and passenger vehicles, and run-flat tires for vehicles. in terms of end-use applications, the benelux automotive tire market is expected to witness rising demand from the oe and aftermarket sector. oe tires are expected to dominate the benelux automotive tire market in terms of revenue share, as it offers superior performance in comparison to aftermarket tires. various government regulations and initiatives taken by the automotive manufacturers for ensuring product performance and safety are projected to boost the oe tire market. moreover, increasing disposable income is expected to result in higher demand for aftermarket tire products. overall, benelux automotive tire market is expected to register a healthy growth over the forecast period. the demand for technologically advanced and eco-friendly automotive tire products is expected to be the key driver of the market over the same period.