Industry Statistics and Trends
Rubber Product Manufacturing in Europe key trends
COVID-19 punctured tyre and rubber product sales.
The pandemic brought manufacturing to a standstill in 2020, with factory closures and global supply disruption decimating output.
Sustainable production and the use of recycled rubber are increasing.
More manufacturers will recover rubber from secondary raw materials, lessening their production's environmental impact. The Michelin Group is developing a 100% sustainable tyre made from green waste, packaging waste and worn tyres.
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Rubber Product Manufacturing in Europe
Industry Revenue
Total value and annual change from 2011-2029. Includes 5-year outlook.
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Rubber Product Manufacturing in Europe market size (2019-2024)
Industry revenue has declined at a CAGR of 7.7 % over the past five years, to reach an estimated €90.1bn in 2024.
Trends and Insights
The COVID-19 pandemic punctured tyre and rubber product sales
- COVID-19 brought car manufacturing to a standstill at the start of 2020, with factory closures and global supply disruption decimating output, driving a 19.8% contraction in industry revenue in 2020.
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Rubber Product Manufacturing in Europe outlook (2024-2029)
Market size is projected to grow over the next five years.
The importance of sustainable production and the use of recycled rubber is increasing
- The importance of sustainable production and corresponding ingredients will intensify as society's environmental awareness grows.
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Revenue
€90.1bn
Employees
522k
Wages
€XX.Xbn
European Leaders & Laggards
* CAGR values are for the years 2019-2024.
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Biggest companies in the Rubber Product Manufacturing in Europe
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Continental AG | 46,720.0 | 4,280.0 | 9.2 | |
Michelin Group | 30,911.5 | 3,266.3 | 10.6 | |
Pirelli & C SpA | 8,002.4 | 957.4 | 12.0 |
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Rubber Product Manufacturing in Europe
Products & Services Segmentation
Industry revenue broken down by key product and services lines.
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Top Questions Answered in this Report
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What is the market size of the Rubber Product Manufacturing industry in Europe in 2024?
The market size of the Rubber Product Manufacturing industry in Europe is €90.1bn in 2024.
How many businesses are there in the Rubber Product Manufacturing in Europe industry in 2024?
There are 13,405 businesses in the Rubber Product Manufacturing industry in Europe, which has grown at a CAGR of 1.8 % between 2019 and 2024.
Has the Rubber Product Manufacturing industry in Europe grown or declined over the past 5 years?
The market size of the Rubber Product Manufacturing industry in Europe has been declining at a CAGR of 7.7 % between 2019 and 2024.
What is the forecast growth of the Rubber Product Manufacturing industry in Europe over the next 5 years?
Over the next five years, the Rubber Product Manufacturing industry in Europe is expected to grow.
What does the Rubber Product Manufacturing in Europe include?
Tyre manufacturing and Other rubber product manufacturing are part of the Rubber Product Manufacturing industry.
Which countries have the most businesses in the Rubber Product Manufacturing industry in Europe?
The European country with the most businesses in the Rubber Product Manufacturing industry is Turkey.
How competitive is the Rubber Product Manufacturing industry in Europe?
The level of competition is moderate and increasing in the Rubber Product Manufacturing industry in Europe.
Related Industries
This industry is covered in 37 countries
- Rubber Product Manufacturing in Austria
- Rubber Product Manufacturing in France
- Rubber Product Manufacturing in Lithuania
- Rubber Product Manufacturing in the Netherlands
- Rubber Product Manufacturing in Belgium
- Rubber Product Manufacturing in Cyprus
- Rubber Product Manufacturing in Estonia
- Rubber Product Manufacturing in Iceland
- Rubber Product Manufacturing in Europe
- Tyre Manufacturing in the UK
- Tyre Manufacturing in Germany
- Other Rubber Product Manufacturing in Germany
- Rubber Product Manufacturing in Greece
- Rubber Product Manufacturing in Romania
- Rubber Product Manufacturing in Norway
- Rubber Product Manufacturing in Italy
- Rubber Product Manufacturing in the UK
- Rubber Product Manufacturing in Sweden
- Rubber Product Manufacturing in Germany
- Rubber Product Manufacturing in Latvia
- Rubber Product Manufacturing in Bosnia & Herzegovina
- Rubber Product Manufacturing in Luxembourg
- Rubber Product Manufacturing in Russia
- Rubber Product Manufacturing in Slovakia
- Rubber Product Manufacturing in Hungary
- Rubber Product Manufacturing in Denmark
- Rubber Product Manufacturing in Poland
- Rubber Product Manufacturing in Malta
- Rubber Product Manufacturing in Croatia
- Rubber Product Manufacturing in Slovenia
- Rubber Product Manufacturing in Spain
- Rubber Product Manufacturing in Portugal
- Rubber Product Manufacturing in Serbia
- Rubber Product Manufacturing in Switzerland
- Rubber Product Manufacturing in Czechia
- Rubber Product Manufacturing in Turkey
- Rubber Product Manufacturing in Ireland
- Rubber Product Manufacturing in Finland
- Rubber Product Manufacturing in Bulgaria
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture rubber tyres for vehicles, equipment, mobile machinery, aircraft, toys and furniture. They also manufacture pneumatic, solid and cushion tyres. Other rubber products manufactured by this industry include natural or synthetic rubber, like unvulcanised, vulcanised and hardened rubber products. Tube, pipe and hose production is also part of the industry.
Related Terms
VULCANISATIONPNEUMATIC TYRE / NON-PNEUMATIC TYRE COMPOUNDED RUBBER RETREADERSWhat's included in this industry?
Tyre manufacturing Other rubber product manufacturingCompanies
Continental AGMichelin GroupPirelli & C SpAIndustry Code
221 - Manufacture of rubber products in Europe
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Performance
Key Takeaways
The COVID-19 pandemic punctured tyre and rubber product sales
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Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue in the Rubber Product Manufacturing in Europe industry (2011 -2029)
- Employees in the Rubber Product Manufacturing in Europe industry (2011 -2029)
- Business in the Rubber Product Manufacturing in Europe industry (2011 -2029)
- Profit in the Rubber Product Manufacturing in Europe industry (2011 -2029)
Analysis
What's driving current industry performance in the Rubber Product Manufacturing in Europe industry?
Outlook
Analysis
What's driving the Rubber Product Manufacturing in Europe industry outlook?
Volatility
Analysis
What influences volatility in the Rubber Product Manufacturing in Europe industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Rubber Product Manufacturing in Europe industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Tyre manufacturers benefitted from a rebounding automotive sector. A resurgence in European motor vehicle manufacturing over 2022 and 2023 supported tyre manufacturing, with Michelin Group, Europe's largest manufacturer of tyres, growing substantially in recent years.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Rubber Product Manufacturing in Europe industry's products and services performing?
Analysis
What are innovations in the Rubber Product Manufacturing in Europe industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Rubber Product Manufacturing in Europe industry?
International Trade
Highlights
- Largest Importer
- Smallest Importer
- Total Imports into Europe
- Largest Exporter
- Smallest Exporter
- Total Exports into Europe
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Revenue by Region (2024)
- Share of Total Industry Enterprises by Region (2024)
- Share of Total Industry Employment by Region (2024)
- Share of Total Industry Wages by Region (2024)
Industry Geographic Breakdown
Data Tables
Values and annual change provided for 37 European countries:
- Revenue (2024)
- IVA (2024)
- Enterprises (2024)
- Employment (2024)
- Exports (2024)
- Imports (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Major companies dominate the tyre segment. The industry comprises a handful of prominent manufacturers like Continental AG, Michelin and Pirelli. They hold a substantial market share in the tyre segment, while rubber product manufacturing is more fragmented.
Supply Chain
Charts
Buyer and supply industries
Companies
Market Share
Charts
- Industry Market Share by Company (2019-2024)
Companies
Data Tables
Top 10 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit Margin (2024)
Data Tables
- Countries of operation for Continental AG
- Countries of operation for Michelin Group
- Countries of operation for Pirelli & C SpA
- Countries of operation for Yokohama Rubber Company Ltd
- Countries of operation for Nokian Tyres plc
- Countries of operation for Apollo Tyres Ltd
- Countries of operation for KRAIBURG Holding GmbH & Co KG
- Countries of operation for Repsol Quimica SA
- Countries of operation for Arkema SA
- Countries of operation for Recticel NV
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Manufacturers must comply with REACH Regulation (EC) 1907/2006. The REACH Regulation governs the EU's registration, evaluation, authorisation and restriction of chemicals. The REACH regulation mainly concerns the chemicals used in rubber goods manufacturing, including plasticisers, colourants and other additives.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Rubber Product Manufacturing in Europe industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Rising purchase costs weigh on profit. Lingering supply chain disruption inflated rubber prices over 2023. The effects of the higher purchase costs on profit are compounded by economic uncertainty and rising inflation, weakening sales
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Rubber Product Manufacturing in Europe industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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