TYRE MARKET WATCH
OE
Repl
Repl ≥ 18''
Feb ’25 vs Feb ‘24
OE
Repl
Repl ≥ 18''
Feb ’25 vs Feb ‘24
February Car Tyre Market Highlights
- Original Equipment demand showed a mixed trend worldwide (+8% YoY, +1% YTD):
- confirmed negative trends in Europe (-15% YoY, -14% YTD) and North America (-9% YoY, -8% YTD) in line with lower car production;
- positive trend in China (+39% YoY, +14% YTD), mainly driven by a favorable YoY comparison due to calendar effect (-26% in February 2024): Chinese New Year in 2025 was in January vs February in 2024.
- Replacement market was slightly positive worldwide (+1% YoY, +1% YTD), while HV continued to outperform Standard:
- after a strong start of the year (+7% YoY in January 2025) the European market showed slight growth in February (+1% YoY, +3% YTD). Repl. ≥18’’ continued to grow mid-single digit (+4% YoY, +8% YTD);
- North America market was negative mid-single digit (-4% YoY, flat YTD) due to a tough comparison YoY, while Repl. ≥18’’ confirmed its resilience (+1% YoY, +4% YTD);
- significant growth in China (+20% YoY, -2% YTD) benefitting from a favorable calendar effect (-26% in February 2024).