DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/7qwf9r/passenger_car) has announced the addition of the "Passenger Car Tires Market in Belgium 2015-2019" report to their offering.
The report covers the present scenario and the growth prospects of the passenger car tires market in Belgium for the period 2015-2019. Based on distribution channel, the passenger car tires market in Belgium can be segmented into two: OEM and replacement. To calculate the market size, the report considers revenue generated through sales from these two segments.
The passenger car tires market in Belgium is one of the key markets for tire manufacturers due to the presence of established automakers such as Audi and Volvo. Prior to the economic recession and eurozone crisis, the demand from OEMs as well as the replacement sector had been steady due to a sedate increase in new car sales.
The automotive industry in Belgium is one of the key export industries. In 2014, vehicle export in Belgium accounted for approximately 9.7% of total products exported from the country. The country's location is also beneficial for vehicle manufacturers to utilize Antwerp port to export vehicles. The Flanders region is equally important for automakers as it has several attractive tax schemes and incentives for manufacturers, especially for those who invest in R&D projects. Post-recession, the industry has been undergoing several changes to adjust to the effects of the eurozone crisis.
Commenting on the report, an analyst from the team said: Goodyear recently unveiled at the Geneva International Motor Show in March 2015, its concept tire BHO3 that transforms the heat generated by the rolling tire into electrical energy. This electrical energy can be used to charge EV batteries. Such tires would even use sunlight, as in when the sunlight hits the tires and the ground beneath, the tires start to warm. The tire is given an extra black coat to absorb maximum light and heat. The heat would be transferred to the car through thermoelectric materials that are under the tire's surface that are able to generate voltage as there is a change in temperature. The thermoelectric materials in the tire can also capture the energy from the heat and friction that is generated when the tire moves.
- Apollo Vredestein
- Bridgestone Europe
- Goodyear Dunlop (EMEA)
Other Prominent Vendors
- Cooper Tire & Rubber
- Hankook Tire Group
- Nankang Rubber Tire
- Nokian Tyres
- Syron Tires
For more information visit http://www.researchandmarkets.com/research/7qwf9r/passenger_car