2020 MARKET OUTLOOK

MARKET VIEW ON THE COVID OUTBREAK IMPACT

GLOBAL FY 2020E Δ YoY

1. IHS 30th March
2. Pirelli estimates


2020-2022 Market assumptions will be revised within 4Q 2020


The Covid emergency will impact the global economy with a general fall in production and consumption.

In light of the elements available today and based on a prudent scenario, Pirelli now expects a fall of 2020 GDP at the global level of ~-2.8% (+2.7% the outlook foreseen in the Industrial Plan presented on February 19). In this scenario, the expectations for the overall car tyre market are for a decline of ~-19% with:

  • -21% in the Original Equipment channel (prior estimate -2.4%) as a result of the global fall in the production of new vehicles;
  • -18% in the Replacement channel (prior estimate +0.5%), taking also into account the measures restricting circulation adopted by various countries.

The expectations for the Car New Premium segment (Car tyres ≥18’’) are for a decline of -14% (prior indication +6%), more contained than the expected fall of -20% (prior indication ~-2%) for the Standard segment (Car tyres ≤17’’).

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At the following page is available the press release and presentation

Last revised: 14 Apr 2020