According to TechSci Research report “Greece Tire Market Forecast & Opportunities, 2021”, tire market in Greece is projected to cross $ 3.4 billion by 2021.

1. Greece Tire Market
Forecast & Opportunities, 2021
M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

2. © TechSci Research
2
Ta b l e o f C o n t e n t s
S. No. Contents
1. Product Overview
2. Research Methodology
3. Analyst View
4. Greece Tire Market Outlook
4.1. Market Size & Forecast
4.1.1. By Value & Volume
4.2. Market Share & Forecast
4.2.1.
By Vehicle Type (Passenger Car, Two-Wheeler, Light Commercial Vehicle, Off-the-
Road and Medium & Heavy Commercial Vehicle)
4.2.2. By Company
4.2.3. By Region
5. Greece Passenger Car (PC) Tire Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1.
By Vehicle Type (Small & Medium, Sports Utility Vehicle (SUV) & Multi Purpose
Vehicle (MPV) & Sedan)
6. Greece Two-Wheeler Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (Motorcycle & Moped)

3. © TechSci Research
3
Ta b l e o f C o n t e n t s
S. No. Contents
7. Greece Light Commercial Vehicle (LCV) Tire Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
8. Greece Off-The-Road (OTR) Tire Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type (Agricultural Vehicle & Construction, Mining & Industrial Vehicle)
9. Greece Medium & Heavy Commercial Vehicle (M&HCV) Tire Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1.
By Vehicle Type (Medium Commercial Vehicles (MCV) Vs. Heavy Commercial
Vehicles (HCV))
10. Import-Export Analysis
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
12.1. Increasing Online Tire Sales
12.2. Growing Demand for OTR Tires
12.3. Surging Chinese Tire Penetration

4. © TechSci Research
4
Ta b l e o f C o n t e n t s
S. No. Contents
12.4. Declining Tire Imports
12.5. Dominance of Foreign Tire Manufacturers
13. Policy & Regulatory Landscape
14. Greece Economic Profile
15. Competitive Landscape
15.1. Elastika Michelin A.E
15.2. Bridgestone Europe NV/SA
15.3. Goodyear Dunlop Tires Hellas SAIC
15.4. Continental AG
15.5. Elastika Pirelli C.S.A.
15.6. Hankook Tire Company Ltd.
15.7. Cooper Tire & Rubber Company
15.8. Yokohama Rubber Co., Ltd
15.9. Kumho Tire Italia
15.10. Toyo Tire and Rubber Co., Ltd.
16. Strategic Recommendations
17. About Us & Disclaimer

5. © TechSci Research
5
P r o d u c t O v e r v i e w
Product Definition
Global tire supplier Michelin defines tire as, “A precisely engineered assembly of rubber,
chemicals, fabric, and metal, designed to provide traction, cushion road shock and
carry a load under varying conditions.”
Classification According to Vehicle Type
Vehicle Segment Sub-Segment Customer Segment
Passenger Car
Small & Medium Cars
IndividualsSedan
Sports Utility Vehicle (SUV) & Multi
Purpose Vehicle (MPV)
Two-Wheeler
Mopeds
Individuals
Motorcycles
Light Commercial Vehicle -
Transportation & Logistics, Small
Medium Enterprises (SMEs)
Off-the-Road (OTR) Vehicle
Industrial Equipment Vehicle
Farming, Mining & Quarrying
Companies
Agricultural Equipment Vehicle
Medium & Heavy Commercial Vehicle
Medium Commercial Vehicle (MCV) Transport Companies, Logistics &
Cargo
Heavy Commercial Vehicle (HCV)

6. R e s e a r c h M e t h o d o l o g y
6
© TechSci Research
Baseline Methodology:
For the study, TechSci Research has gathered information through primary research surveys with
leading tire suppliers based in Greece, and subsequently, verified information from major distributors of
automobile tires in the country. We also put through an exhaustive search of credible paid databases
such as Business Week, Factiva, Hoovers, etc., including our internal database. Our team of analysts has
then prudently evaluated all the collected information and presented the same in chronological order to
depict a meaningful and clear picture of the tire market in Greece.
While compiling the data, we have also cross checked all the collected information from multiple sources
and data warehouses, so as to present the most accurate and precise information of the concerned
industry. We use innovative business model that focuses on improving productivity, while ensuring
creation of high-quality reports. The reports are prepared with in-depth primary research, followed by
exhaustive secondary research.
Primary Research - Companies Interviewed
S.
No.
Company Name
1. Elastika Michelin A.E
2. Goodyear Dunlop Tires Hellas SAIC
3. Bridgestone Europe NV/SA
4. Elastika Pirelli C.S.A.
5. Yokohama Scandinavia AB
Few of Sources of Secondary Research
S.
No.
Secondary Source
1. Central Statistics Bureau (CSB)
2.
Association of Motor Vehicle Importers
Representatives (AMVIR)
3.
European Automobile Manufacturers
Association (ACEA)
4.
International Organization of Motor Vehicle
Manufacturers (OICA)
5. World Bank

7. © TechSci Research
For the preparation of Greece tire report, bottom up model has been used, which has been later on cross
validated by using top down approach.
Tire Production
As of 2015, there are no tire manufacturing facility in Greece.
Vehicle Sales & Fleet Size
The basic data points that are needed for the analysis of Greece tire market are the historical, current
and forecast figures for vehicle sales and fleet size. As the country does not produce vehicles, data for
fleet size has been extracted through various government sources and credible data portals. TechSci
Research has maintained a database for vehicle sales and fleet size for each vehicle segment (passenger
cars, light commercial vehicle, medium & heavy commercial vehicles, two-wheelers & off-the-road
vehicles), which is regularly updated through various primary research surveys and secondary sources
such as automotive associations & government publications.
Tire Demand
OEM Tire Sales
There is no OEM tire demand, due to absence of any automobile manufacturing facility in Greece. 7
R e s e a r c h M e t h o d o l o g y

8. © TechSci Research
Replacement Tire Sales
Replacement tire demand of a particular country is directly dependent on country’s vehicle fleet size and
historical vehicle sales. The replacement demand is therefore extracted by multiplying the vehicle fleet
with the replacement tire ratio, which is obtained by conducting a series of surveys with car owners to
understand the frequency of tire replacement as it varies for different countries depending upon factors
such as road conditions, climate, economic and regulatory policies applicable in a country. The
replacement ratio is expressed as a percentage; and is considered to be 100% if one tire is replaced per
vehicle per year.
Example for passenger car replacement tire demand calculation:
The calculated replacement tire demand data is further analyzed by TechSci Research through Delphi
technique i.e. multiple rounds of telephonic interviews were conducted with tire companies/dealers in
Greece. The information thus gathered through primary interviews was cross-verified through industry
experts and secondary sources such as annual reports and paid databases to generate meaningful
results.
Total Tire Market
Tire Trade (Imports & Exports)
TechSci Research has analyzed tire imports and exports in Greece. The data has been gathered through
government agencies and credible paid databases. The total tire trade has been segmented in accordance
with below mentioned HS codes:
8
R e s e a r c h M e t h o d o l o g y
Passenger Car Fleet
Size (Volume)
X
Replacement Ratio
(in %)
X
No. of
Tires
=
Replacement Tire
Demand
X X X% X 4 = X Tires
OEM Tire Sales + Replacement Tire Sales = Total Tire Market

9. © TechSci Research
The import and export figures for each HS Code have been depicted in Value (USD Million) and Volume
(Million Units).
Tire Brands Mapping
TechSci Research has mapped all tire brands being sold in Greece. TechSci Research has gathered this
information through primary and secondary research. The brands that are being sold in Greece are
further segmented into “domestically manufactured” and “domestically non-manufactured” categories.
The objective behind brand mapping is to understand more about the competition such as market share,
current targets, future strategy, etc.
Forecast
For forecasting the numbers, we have used time series analysis along with regression analysis, followed
by judgmental analysis. 9
R e s e a r c h M e t h o d o l o g y
HS Code Description Tire Type
XXXX Motor Cars Passenger Car Tire
XXXX Bus or Lorries Tire Commercial Vehicle Tire
XXXX Motorcycle Tire Two-Wheeler Tire
XXXX Tire Having a "Herring Bone" OTR Tire
XXXX Tire Having a "Herring Bone"
XXXX Tire Having a "Herring Bone"
XXXX Tire Having a "Herring Bone"
XXXX Tire Having a "Herring Bone"
XXXX Agriculture Tire
XXXX Construction/Industrial Tire
XXXX Construction/Industrial Tire
XXXX Others Other Tires

10. I n d u s t r y B r i e f
10
Greece Tire Market to Reach € 3.4 Billion by 2021
According to recently released TechSci Research report, “Greece Tire Market Forecast & Opportunities, 2021”, tire
market in Greece is projected to cross US$ 3.4 billion (Euro 3 Bn) by the end of 2021. Owing to the Eurozone crisis, the
country’s economy witnessed severe setbacks over the last few years, with almost all major industries, including
automotive, registering a considerable decline during 2011 - 2015. However, owing to several bailout packages by the
European Union and the International Monetary Fund (IMF) coupled with the introduction of various favorable
government initiatives, the country’s tire market is expected to revive over the next five years.
Greece’s motorization rate has been quite stagnant over the last few years, with the same standing at 583 per 1,000
inhabitants in 2013 to 582 per 1,000 inhabitants in 2014. Moreover, the automotive fleet (including passenger cars &
commercial vehicle) of the country also shrunk from 6,552 thousand units in 2011 to 6,456 thousand units in 2015.
However, the scenario is expected to change over the next five years, and one of the key reasons forecast to contribute
to the growth revival in the country’s tire market is booming tourism sector. As per the World Travel & Tourism Council,
the contribution of travel & tourism sector in the country’s GDP was around 7% in 2014, which amounts to around US$
13 billion.
Passenger car segment is forecast to dominate Greece tire market over the next five years, owing to increasing
purchasing power and rising number of nuclear families in the country. Region-wise, in 2015, Northern Greece region
accounted for the largest volume share in the country’s tire market, and the same trend is anticipated to continue
through 2021. Few of the major companies operating in Greece tire market include Michelin, Bridgestone, Goodyear,
Continental and Pirelli, among others.
“Due to lack of automobile manufacturing plants in the country, the country’s automotive market is entirely dependent
on imports from European and Asian manufacturers. The country’s vehicle fleet is dominated by the passenger car
segment. As a result, over three-fourths of the tire demand emanating in the country is accounted for by the passenger
car tire segment.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.

11. S a m p l e D a t a - S n a p s h o t
11
© TechSci Research
Greece Tire Market Size, By Value (USD Million), By
Volume (Thousand Units), 2011-2021F
1 2 3 4 5 7 8 9 10 11 12
3 5 7 9 11 15 17 19 21 23 25
2011 2012 2013 2014 2015 2016E2017F2018F2019F2020F2021F
Value (USD Billion) Volume (Million Units)
5% 5% 5% 5% 5% 5% 5%
10% 10% 10% 10% 10% 10% 10%
15% 15% 15% 15% 15% 15% 15%
20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%
25% 25% 25% 25% 25% 25% 25%
30% 30% 30% 30% 30% 30% 30%
2015 2016E 2017F 2018F 2019F 2020F 2021F
Michelin Bridgestone Goodyear Continental Others* Pirelli
Greece Tire Market Share, By Company, By Volume, 2015-2021F
Greece Tire Market Share, By Region, By Volume, 2015-2021F
1% 1% 1% 1% 1% 1% 1%
4% 4% 4% 4% 4% 4% 4%
9% 9% 9% 9% 9% 9% 9%
14% 14% 14% 14% 14% 14% 14%
19% 19% 19% 19% 19% 19% 19%
24% 24% 24% 24% 24% 24% 24%
29% 29% 29% 29% 29% 29% 29%
2015 2016E 2017F 2018F 2019F 2020F 2021F
Ionian islands Aegean Islands Central Greece Peloponnese
Crete Attica Northern Greece
Greece Passenger Car Tire Market Size, By Value (USD
Million), By Volume (Thousand Units), 2011-2021F
1 2 3 4 5 7 8 9 10 11 12
3 5 7 9 11 15 17 19 21 23 25
2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F
Value (USD Billion) Volume (Million Units)
PC Tires,
25.00%
CV Tires,
25.00%
OTR Tires,
25.00%
Two-Wheeler Tires, 25.00%
Greece Tire Imports Share, By
Vehicle Type, By Value, 2015
PC Tires, 25.00%
CV Tires,
25.00%
OTR Tires,
25.00%
Two-Wheeler Tires, 25.00%
Greece Tire Exports Share, By
Vehicle Type, By Value, 2015
Greece Passenger Car Tire
Imports, By Value, 2011-2015
(USD Million)
1
2
3
4
5
2011 2012 2013 2014 2015
Greece Passenger Car Tire
Exports, By Value, 2011-2015
(USD Million)
1
2
3
4
5
2011 2012 2013 2014 2015
30% 30% 30% 30% 30% 30% 30%
70% 70% 70% 70% 70% 70% 70%
2015 2016E 2017F 2018F 2019F 2020F 2021F
Motorcycles Mopeds
Greece Two-Wheeler Tire Market Share, By
Vehicle Type, By Volume, 2015-2021F

12. © TechSci Research
12
R e p o r t O r d e r i n g
To View Sample OR Purchase Report
Report Price
Report Name: Greece Tire Market Forecast & Opportunities, 2021
License Type Price
Electronic Access - Single User License $2500
CD-ROM Mail Delivery $3000
Hard Copy Mail Delivery $3500
Electronic Access - Multi-User License $5000

13. A b o u t U s & D i s c l a i m e r
© TechSci Research
13
TechSci Research – North America
708 Third Avenue, Manhattan,
New York, United States
Tel: +1- 646- 360- 1656
Email: sales@techsciresearch.com
www.techsciresearch.com
About Us
TechSci Research is a global market research and consulting company with offices in the US, the UK and India. TechSci Research
provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on
improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both
industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional
and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich
evaluation of the opportunities available in the market.
Related Reports
Global OTR Tire Market, Competition Forecast & Opportunities, 2011-2021
United States Tire Market Forecast & Opportunities, 2020
United Kingdom Tire Market Forecast and Opportunities, 2021
Partial List of Clients
Disclaimer
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that
it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources
including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any
information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it
has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change
without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of
the same for purpose other than internal will require prior approval of TechSci Research.
TechSci Research – Europe
54, Oldbrook, Bretton,
Peterborough,
United Kingdom
Email: sales@techsciresearch.com
www.techsciresearch.com
TechSci Research – Asia-Pacific
B - 44, Sector -57, Noida, National
Capital Region, U.P. - India
Tel: +91-120-4523900
Email: sales@techsciresearch.com
www.techsciresearch.com