TYRE MARKET WATCH

 

 

OE
Repl
Repl ≥ 18''

April ’25 vs April ‘24

 

OE
Repl
Repl ≥ 18''

April ’25 vs April ‘24

 

April Car Tyre Market Highlights

  • Original Equipment tyre demand remained stable worldwide (flat YoY & YtD):
    • double digit decline in Europe (-11% YoY, -10% YtD) and North America (-11% YoY, -8% YtD) impacted by car production cuts and a volatile external scenario
    • strong growth in China (+9% YoY, +11% YtD), driven by government stimulus, including tax incentives for NEV
  • Replacement market was flat at global level (flat YoY, +1% YtD), while High Value continuing to outperform Standard:
    • slight decline in Europe (-2% YoY, +2% YtD), discounting a tough YoY comparison (exceptionally High in Apr’24, +22%), with Repl. ≥18’’ confirming its resilience (+2% YoY, +6% YtD),
    • mid-single digit growth in N. America (+6% YoY, +3% YtD), stronger in Repl. ≥18’’ (+7% YoY, +6% YtD)
    • in China, demand remained gloomy (flat YoY, -1% YtD), due to weak consumer sentiment

Last revised: 27 May 2025