The Economic Impact of the EU Tyre Manufacturing Industry
Commissioned by the European Tyre & Rubber Manufacturers’ Association
This report assesses the impact of the tyre manufacturing industry on the EU economy through an economic impact assessment, trade analysis, and analysis of the tyre manufacturer’s R&D spending in the region.
Tyres are an important enabler of mobility, allowing the transport of people and goods within and between economies. In this study, commissioned by the European Tyre and Rubber Manufacturers’ Association, we assess the economic impact of the EU tyre manufacturing industry on the EU economy
Our analysis reveals that, in 2023, the EU tyre manufacturing industry supported an estimated €43.9 billion total GDP contribution to the EU economy, as well as almost half a million jobs. Throughout the report, we also assess the economic impact of the industry in 2014 and 2019, discuss the importance of the trade in tyres to the EU economy, and quantify the impact of R&D spending by EU tyre manufacturers on long-term productivity in the region.
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The experts behind the research
Our Economic Consulting team are world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques. Lead consultants on this project were:
Rosie Nolan
Senior Economist, Economic Footprint & Sustainability
Stephen Foreman
Associate Director, Economic Footprint & Sustainability
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