Pirelli Estimates Continued Global Market Growth
Information supplied by Pirelli indicates continued year-on-year growth in European OE and replacement sectors for both passenger car and commercial vehicle tyres. During May 2010 the OE and replacement passenger markets in Europe grew nine and 14 per cent respectively, the tyre maker estimates, bringing year-to-date growth to 28 and 11 per cent. For the commercial vehicle market, Pirelli estimates a respective year-on-year growth for the OE and replacement segments of 72 per cent and 16 per cent. Year-to-date, the European OE truck tyre market has grown 13 per cent and the replacement market 33 per cent.