June Growth Boosts Year to Date Global Market Figures

Figures released by Pirelli and Michelin show growth in on-road tyre markets across all global regions during June 2010. The Italian and French tyre makers respectively estimated growth in Europe’s OE passenger car tyre market to be nine per cent and 8.9 per cent during the month, with year to date growth in this segment given as 22 per cent and 25.2 per cent. For the European replacement segment, Pirelli and Michelin report June market growth to have been 11 per cent and 9.8 per cent respectively, with year to date growth figures exactly the same for both companies. Within Europe the OE truck tyre market is estimated by Pirelli to have grown 69 per cent year-on-year in June, while Michelin logs a 74.7 per cent growth for the month. Year to date growth is given as 30 per cent and 28.7 per cent. According to Pirelli European replacement market truck tyre sales grew 20 per cent in June, with Michelin providing a very similar figure of 19.7 per cent. Year to date, Pirelli and Michelin estimate growth in this segment to be 27 per cent and 28.7 per cent respectively.

The increasingly important Chinese market also showed steady year-on-year growth. In the OE passenger car tyre segment Michelin and Pirelli estimated growth in June to have been 15.8 per cent and 18 per cent respectively, bringing year to date growth to 49.7 per cent and 46 per cent. Michelin alone provided June figures for the replacement passenger car sector; according to the French manufacturer, market growth during the month reached 22.8 per cent. For the year to date, Michelin and Pirelli offer very dissimilar growth figures; Michelin pegs this at 17.5 per cent while Pirelli opines that growth reached 38 per cent. Original equipment truck market growth in China during June was only 32.6 per cent year-on-year, reports Michelin, while Pirelli gives a figure of 62 per cent. Year to date results are more congruent; Michelin indicates a growth figure of 63.5 per cent and Pirelli 60 per cent. China’s truck tyre replacement market grew 12.7 per cent in June, says Michelin; Pirelli gives no monthly figure for this segment. Year to date, Michelin reports market growth of 11.7 per cent, while Pirelli gives a figure of 12 per cent.

Over in North America market growth for the OE passenger car tyre segment during June amounted to 82.4 per cent, says Michelin. Pirelli gives NAFTA region growth in this segment as being 93 per cent. Year to date, Michelin and Pirelli record OE passenger car tyre market growth as being 70.8 per cent and 74 per cent respectively. Replacement market growth in June was given by Michelin as 0.8 per cent, while Pirelli states the market remained the same as in June 2009. Year to date replacement market growth is 8.8 per cent, says Michelin, with Pirelli giving the figure as eight per cent. Truck tyre growth was stronger in North America, with Michelin recording OE segment growth there as 36.7 per cent; Pirelli’s figure is 38 per cent. OE growth year to date is 22.8 per cent according to Michelin and 26 per cent according to Pirelli’s figures. Replacement market truck tyre growth reached 15.9 per cent in North America during June, says Michelin, while Pirelli reports a growth of just 11 per cent. The French and Italian tyre makers’ year to date growth figures are 21.7 per cent and 21 per cent respectively.

Pirelli also provides figures for the South American Mercosur trade region; the passenger car tyre OE market there is said to have grown seven per cent in June, with year to date growth reaching 12 per cent. The replacement market remained at June 2009 levels, says Pirelli, while year to date it has grown eight per cent. The OE truck tyre market was a healthy 58 per cent year-on-year stronger in June 2010 and up 61 per cent year to date. The replacement truck tyre market grew 12 per cent in June to give a year to date growth figure of 19 per cent.

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