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Slovakia Tire Aftermarket, Tire Replacement Market Forecast 2022-2028


The Slovakia tire aftermarket, tire replacement market is predicted to record a 6.66% CAGR during the forecasting years, 2022-2028. The robust automotive industry, significant investments in the automobile industry, and innovative manufacturing technologies drive market growth in the country.


A tire constitutes a rubber component used to cover vehicle wheel rims externally. Tires provide a flexible cushion, absorbing the vehicle's shock by lessening the impact of vibrations. The components of rubber tires are jointless cap heaps, tread, beads, etc. In Slovakia, with the intensifying competition among tire manufacturers and the rise in automotive sales and production across various vehicle segments, the demand for tire aftermarket replacement is anticipated to accelerate rapidly. In addition, the cutting-edge technologies employed in manufacturing processes are projected to propel the expansion of Slovakia's automobile tire industry.

Furthermore, the sale of vehicles in Slovakia is expected to boost the tire replacement market in Slovakia. According to data provided by the European Automobile Manufacturers Association (ACEA), registrations of new commercial vehicles in Slovakia increased by 31% in the first nine months of 2021. Also, registrations of new light commercial vehicles have surged by 28% in the same period. In addition, new registrations of medium and heavy commercial vehicles increased by 46% annually. The rise in the sale of vehicles is expected to boost the tire replacement market in the country.


Key players operating in the market are Pirelli & C SpA, Michelin, Bridgestone Corporation, Continental AG, Goodyear Tires, etc.

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Slovakia Tire Aftermarket, Tire Replacement Market Forecast 2022-2028
Published By :Inkwood Research
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