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Base Year: 2024
Companies covered: 20
Tables & Figures: 180
Countries covered: 22
Pages: 165
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Europe Wheel Excavator Tire Market
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Europe Wheel Excavator Tire Market Size
The Europe wheel excavator tire market was valued at USD 82.8 million in 2024 and is projected to grow at a CAGR of 5.8% between 2025 and 2034, driven by rising construction and infrastructure development across the region. According to Cartan Trade, an Insurance Company, construction sector alone constitutes over 10% of the European Union's GDP, creating millions of jobs which further drives the need for advanced construction machinery.
Wheel excavators along with their specialized tires are still in great demand and the ongoing civil engineering construction projects across Europe continues to drive that demand. According to Eurostat, as of June 2024, construction output increased by 1.7% in the euro area and by 1.4% in the EU relative to May 2024. Eurostat data also indicates that the civil engineering sector which embodies a significant proportion of the wheel excavator market grew by 1.1%.
The shifting of technology with new advancements in manufacturing of tire base walls, especially the load bearing, durable sections and even fuel consumption area, is creating impacts on the market. Tires are manufactured with great precision these days to ensure the best performance during the extreme working condition to decrease the idle time and improve the operational efficiency.
The emphasis on the environment is changing how Europe designs and constructs tires. There has been a shift towards less environmentally damaging and more environmentally friendly production which drives innovation with the tire material and the means used to make the tire itself.
Europe Wheel Excavator Tire Market Trends
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Europe Wheel Excavator Tire Market Analysis
Based on the tire, the market is segmented into radial, solid, bias, and others. In 2024, the radial segment was worth over USD 50 million and is expected to cross USD 300 million by 2034.
Based on the sales channel, the market is divided into OEM and aftermarket. The aftermarket segment held a major market share of around 54% in 2024 and is expected to grow significantly over the coming years.
Based on tire size, the market is segmented into below 20 inches, 20-30 inches, and above 30 Inches. The 20-30 inches segment dominated the market and accounted for over USD 47 million in 2024.
Based on application, the market is segmented into construction and mining. The construction segment dominated the market and accounted for over USD 60 million in 2024.
Western Europe dominated the Europe wheel excavator tire market with a major share of over 38% in 2024 and Germany leads the market in Western division and it is expected that sales in terms of shipment will go above 15,000 Units by 2034.
The UK wheel excavator tire market in Northern Europe is expected to experience significant and promising growth from 2025 to 2034.
The Spain wheel excavator tire market in the Southern Europe is anticipated to witness lucrative growth between 2025 and 2034.
The Poland wheel excavator tire market in Eastern Europe is expected to experience significant and promising growth from 2025 to 2034.
Europe Wheel Excavator Tire Market Share
Europe Wheel Excavator Tire Market Companies
Major players operating in the Europe wheel excavator tire industry include:
To address changes in Europe’s wheel excavator market, leading companies are prioritizing development in technology. Innovations in tire technology are centered on new, more durable rubber compounds that increase traction, new designs for reinforced sidewalls that increase resistance to puncture, and specific tread design for specialized operating conditions.
Manufacturers are actively working toward an industry standard that integrates sustainability into the entire value chain. This includes eco-sensitive manufacturing steps along with sustainable production of the tires themselves, thus integrating reduced ecological footprint into their business model. This model is in compliance with European sustainable business frameworks and responds to the growing call for fairness in business across the construction and mining value chains.
Europe Wheel Excavator Tire Industry News
The Europe wheel excavator tire market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue ($Mn/Bn) abd shipment (Units) from 2021 to 2034, for the following segments:
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Market, By Tire
Market, By Tire Size
Market, By Sales Channel
Market, By Application
The above information is provided for the following regional divisions and countries: