Recent research from PricewaterhouseCoopers (PwC) has shown that European production volumes of SUVs are expected to increase by 37% to 4.8 million units by 2018, compared to 2014. Last year, SUVs accounted for 20.1% of all new registrations in Europe, with sales growth of 18.6% over 2013.
This is good news for the supply base. Tyre suppliers have seen a rise in demand for larger tyres that carry higher margins, and interior suppliers are seeing growing demand for premium and luxury interiors.
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