2020 MARKET OUTLOOK

Source: Pirelli internal estimates based on third party data


KEY TRENDS IN 4Q TYRE MARKET DEMAND

Cautious view on EU in light of mobility restrictions
(O.E. ~-10% as in 3Q; Repl. -10% vs. -4% in 3Q)

Channels

  • O.E.: down low-single-digit, in line with 3Q;
  • Repl.: down mid-single-digit with the exception of APac (improving vs. 3Q pulled by China) and Europe (impacted by mobility restrictions).

High Value Regions

  • APac: positive trend may continue driven by China in both O.E. and Repl.;
  • NA: to keep 3Q momentum (positive low single digit);
  • EU: down low single digit.

Standard Regions

  • LatAm and Russia down double-digit due to a weak economic environment.

Last revised: 11 Nov 2020