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.