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EU-27 plus UK tyre imports rise 11% as winners and losers emerge from turbulent market

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Astutus Research

Since March, cumulative passenger car and light truck tyre imports to the European Union and UK have, for the first time, recovered to run above pre-pandemic levels. This is despite the well-documented impact of sharply higher ocean freight costs in this period, and disruption to production in some source countries. A newly published report by Astutus Research, “European PCLT Tire Demand and Supply Forecasts to 2026”, shows that in the first seven months of 2022, European (the EU-27 plus UK)* imports from outside the region were 11% higher than the same period last year and 5% higher than the equivalent pre-Covid period in 2019.

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UK’s LCV tyre market retained 2019 value in 2020 – GfK

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The UK light commercial vehicle tyre market had a relatively dynamic year in 2020, with value and volume changes in certain sub-segments driven by an increase in higher rim diameter tyre sizes, as well as increased demand for all-season – and even winter – performance. According to GfK panelmarket data, which tracks points of sale, comparing the calendar year 2020 to 2019, these growth subsegments supported a 2020 light commercial vehicle tyre market value change across all rim sizes of 0 per cent, while volume was down only -2 per cent. While LCV operators were not entirely immune to the effects of the Covid-19 pandemic and its attendant lockdowns, these figures show how the essential services supported by van operators, such as last mile delivery resulting from booming e-commerce, allowed LCV tyres to achieve results within touching distance of pre-pandemic norms.

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Related news:

  1. High performance tyre segment growing across Europe
  2. GfK: SUV sales drive UK tyre market post-Brexit
  3. Looking up? Why there’s more room for tyre demand improvements
  4. GfK: UK still amongst largest and fastest growing SUV tyre markets
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Europe will overtake the US in the electric and hybrid cars market, says MarketLine

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The hybrid and electric cars market has seen strong growth globally as countries work to meet ambitious CO2 targets, rising at a compound annual growth rate (CAGR) of 12.6 per cent. Scandinavian countries such as Sweden will enjoy exceptional growth forecast growth of 27.9 per cent between 2016 and 2021, according to research firm MarketLine.

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The future’s bright for Poland’s electromobility market, says Frost & Sullivan

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Poland’s electromobility market is ripe for growth. Favourable government initiatives such as the Electromobility Plan and Electromobility and Alternative Fuels Act are reshaping local mobility and igniting innovative clean technologies to achieve higher competitiveness and energy optimization. Growth will be augmented by consumer incentives and the simultaneous development of infrastructure, energy distribution, and product offerings. Players should look for opportunities in charging point infrastructure development, automotive supply chain transformation, and public transport modernisation to gain a competitive advantage.

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  2. Europe will overtake the US in the electric and hybrid cars market, says MarketLine
  3. 21 million more electric vehicles expected worldwide by 2030
  4. European commission approves 3.2 billion euros of battery research support
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GfK: SUV sales drive UK tyre market post-Brexit

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GfK reports that 2016 was a successful year for tyre manufacturers in the UK. This is said to have been driven by “the increasing number of SUVs on the road”, which naturally does its part to improve product mix. To be specific, according to GfK, 4×4 tyre sales leapt up 18 per cent in terms of units sold year-on-year. However, taking the year as a whole (including other passenger vehicle fitments), last year GfK’s Panel Market GB was flat.

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Related news:

  1. GfK: UK still amongst largest and fastest growing SUV tyre markets
  2. 4×4 SUV tyre sector value up 18 per cent
  3. UK amongst the largest 4×4 tyre markets in Europe
  4. Mid-range all-season tyres lead market growth
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Indonesia set to become main ASEAN automotive production hub, says report

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There is strong evidence Indonesia will eventually replace Thailand as the main automotive production hub in the Association of Southeast Asian Nations (ASEAN), according to Markus Scherer, global automotive sector leader at Ipsos Business Consulting. This could have major implications for automotive manufacturers and suppliers as well as policy planners in both countries, Scherer said.

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GfK: UK still amongst largest and fastest growing SUV tyre markets

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The UK is still one of the largest and fastest growing 4×4/SUV tyre markets in Europe. In fact, according to the latest data compiled by market research specialists GfK Automotive, the UK is the second largest in Europe with sales of 1.157 million 4×4 tyres in 2015. Speaking with GfK Automotive account director Kevin Glynn, Tyres & Accessories learnt that only Italy’s annual sales of 1.4 million 4×4 tyres last year was bigger.

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Related news:

  1. GfK: SUV sales drive UK tyre market post-Brexit
  2. 4×4 SUV tyre sector value up 18 per cent
  3. Event Tyres launching three new products at Autopromotec
  4. Dakar involvement bolsters Cooper’s 4×4 tyre strength
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High growth forecast for carbon black market

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Two recent reports are predicting increased use of carbon black in different industries over the next few years. BCC Research forecasts in its new report that carbon black is expected to show a five-year compound annual growth rate (CAGR) of 4.2 per cent from 2014-2019, leading to a global market size of US$36 bln in the end year.

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ETRMA: increased car demand lifted European premium tyre markets

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Increased demand for new car purchases has led to increased tyre demand across Europe, according to the latest data released by the European Tyre Manufacturer’s Association. The ETRMA statistics reveal that consumer OE tyre sales were up 12 per cent, while truck tyre OE was up a 21 per cent. The association linked this increase directly to new vehicle OE growth, which in the case of passenger cars, grew 14.6 per cent in the period.

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Related news:

  1. ETRMA tyre sales up 2-3 per cent
  2. Michelin European distribution centre launch ‘Dawning of a new era’ in Stoke
  3. Conti: UK market 35 million units
  4. Tyre demand declining 15 to 26 per cent in 2020
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West European trailer market starts 2015 well

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A new report suggests demand for heavy goods trailers in Western Europe was strong at the start of 2015. Registrations of new trailers are forecast to grow by 12.8 per cent in the first half and 4.7 per cent in the second, according to the research conducted by Clear International. Overall the market is expected to be stronger than anticipated six months ago.

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  4. East European trailer market stalls…again
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Giti: Rim sizes getting larger, and the UK is more ‘high-performance’ than many think

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Having heard both the consensus and a third party perspective on what the high performance tyre market is and what is happening in it, when Tyres & Accessories asked Neil Hendry, general manager – Passenger Car Tires, Europe for Giti Tire for his and Giti’s view, he offered another perspective again.

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Related news:

  1. An influx of imports is making the car tyre market even more competitive
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High performance tyre segment growing across Europe

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As we have seen, the high performance tyre market is a complex and competitive environment. The fact that most manufacturers define and therefore calculate the market in a slightly different way adds to the complexity. With this in mind, Tyres & Accessories asked GfK automotive account director Kevin Glynn for some outside insights into what is going on in the world of high performance tyres.

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Related news:

  1. Giti: Rim sizes getting larger, and the UK is more ‘high-performance’ than many think
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  4. Ultra high performance tyres – a premium market place?
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Size matters: The makings of a high performance tyre market

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At the start of 2015 we examined the wider car tyre segment as part of Tyres & Accessories February’s “Passenger Car Tyre” feature. In short, we examined the spectrum of figures offered for the size of UK demand and found that most sources settle between 31 and 38 million units a year. Interestingly, some of the latest data points to the market being at the higher end of the spectrum – something that has not been very widely or openly acknowledged in the past.

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Related news:

  1. 4×4 or SUV tyre sector?
  2. Top tyre manufacturers deny involvement in tyre test manipulation
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Connected cars to boost UK employment

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Research commissioned by the SMMT has found that the development of connected and autonomous vehicles will help generate 320,000 jobs in the UK. Researchers from KPMG found that these new vehicles will deliver a £51 billion boost to the UK economy and reduce serious road traffic accidents by more than 25,000 a year by 2030. It also forecasts the UK will be a global leader in the production of this next generation of vehicles.

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Michelin: European tyre demand improving, emerging markets face headwinds

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Michelin’s February tyre demand data shows a sequential improvement in replacement demand in most markets. With China and Brazil being the only real exceptions, basically every other showed month-on-month increases – the first positive uptick months.

The situation in China however, is somewhat bleaker. According to the Michelin tyre demand data, Chinese passenger car tyre replacement demand dropped -13 per cent from growth of +18 per cent in January. “This is a worrying indicator for broader China consumer demand”, Morgan Stanley market analysts wrote in an investor’s note data 13 March 2015.

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  4. Tyre markets – June 2013
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