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