Albany, NY -- (SBWIRE) -- 06/23/2015 -- The automotive industry in the UK is one of the critical industries as it contributes around 4% to the UK's GDP. The global economic recession of 2008-209 had negatively impacted this industry and was further affected by the eurozone crisis. The industry experienced the negative effects of such incidents only for a short term. Post the recession, the scenario has changed completely, and the industry is growing at a rapid rate, creating thousands of jobs, and attracting more investments from automakers.

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The passenger car tires market in the UK is a derived market, and it completely depends on passenger car sales and demand from the replacement market. Though the automotive industry in the UK is one of the most mature industries worldwide, still it offers a lot of growth opportunities for manufacturers, in terms of volume and revenue. For tire manufacturers, the OEM segment forms an important source of revenue. The passenger car tires market in the UK to grow at a CAGR of 2.98% over the period 2014-2019.

Based on distribution channel, the passenger car tires market in the UK can be segmented into two: OEM and replacement. To calculate the market size, the report considers revenue generated through the combined sales of tires from these two segments.

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Passenger Car Tires Market in the UK 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Market Driver:
Favorable Government Policies
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Key Market Challenge:
Pricing Pressure
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Key Market Trend:
Tire Labelling Regulations
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Key Questions Answered in this Report:

What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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