2020 MARKET OUTLOOK

Source: Pirelli internal estimates based on third party data


KEY TRENDS IN 2H TYRE MARKET DEMAND

Assuming no 2nd wave of COVID

Channels

  • O.E.: down double digit in line with car production;
  • Repl.: down high single digit, with still a weak 3Q (slow Winter in EU and still low miles driven in US).

High Value Regions

  • APac: down mid-single digit (China rebound counterbalanced by other countries); positive Repl. ≥18”;
  • EU: down double digit in both channels;
  • NA: repl. down double digit, faster recovery in O.E.

Standard Regions

  • LatAm and Russia: down double digit, mainly in O.E.

Last revised: 05 Aug 2020