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Auto tech creating US $350 billion of supplier opportunities

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Fuel efficiency, weight reduction, advanced safety technologies, human machine interface (HMI), lighting and consumer comfort features will drive US$350 billion in incremental automotive supplier business opportunities, by 2021 — but not without initial challenges. The findings are based on recent research included in SupplierInsight and Component Forecast Analytics, a new platform from IHS Automotive, part of business information provider IHS Markit.

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Related news:

  1. Global ADAS market to surpass 302 million units a year in 2022
  2. ACEA: European car sales up 9.3% in 2015
  3. Michelin predicts significant slowdown in car and truck tyre demand
  4. Global light vehicle market continues recovery
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UHP tyre prices recovering…

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…but price erosion has forced mid-range prices down too Elsewhere in this feature we have examined sell-out data, which revealed a growth trend in the UHP segment as well as details of which UHP sizes are most popular. However, this dataset was not designed to show the prices consumers are being quoted in relation to […]

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Related news:

  1. Tyre sell-out up 4% overall, value tyre sales growth outpaces premium 4:1
  2. Pirelli’s flagship Burton Performance Centre shows what can be done with tyre retail
  3. On the up? Pricing trends in the UK car tyre aftermarket
  4. Growth in every size segment from 17” up, but rapidly slowing
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Encircle Marketing launches new website and reporting centre

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After 20 months of development and two delayed launches, Encircle Marketing has rolled-out the first phase of its new corporate website and reporting centre.

According to the company, the completely re-built corporate site coupled with user login portal, gives Encircle a fresh and modern look after eight years of reporting to the tyre industry.

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Related news:

  1. JAXQuickfit Launches New Website
  2. Everything pointed to UK tyre market growth in 2014, but…
  3. UHP tyre prices recovering…
  4. New market data source: Tyre Intelligence Europe
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UK truck tyre market size shift continues

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Tyre manufacturers are reporting that UK truck tyre replacement demand is steadily shifting to 315/70 R22.5 fitments over traditional sizes such as 295/80 R22.5. According to Michelin, which published a statement on the trend on 4 May, the trend is being driven by the growth of Euro VI registrations and “operators realising the total cost of ownership benefits offered”.

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Related news:

  1. Iveco chooses Michelin OE tyres for Stralis XP truck
  2. A Davies Transport reports reduced downtime and costs on Michelin
  3. Scottish Borders Council gritters choose Michelin XDW Ice Grip policy
  4. Wheely-Safe wins National Technology Award
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ETRMA data: Imports growing as retreading decline continues

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The European tyre market is up, but imports are growing too, meaning ETRMA members are not benefiting from the increase as much as others. At the same time, the retread market decreased for the fourth consecutive year, and in 2015 it expected to plunge a further 10 per cent to 4.2 million tyres.

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Related news:

  1. Goodyear Dunlop Regaining Lost UK Truck Tyre Market Share
  2. “Re Tyre" aimed at securing the future of medium-sized retreaders
  3. Europe’s retreading market – is a structural change in full swing?
  4. Tyre demand declining 15 to 26 per cent in 2020
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Avis: UK business drivers rent most cars

Avis UK has released findings from business traveller behaviour and attitude research showing that UK businesses are the most frequent renters of cars. While the results do not refer to tyre consumption directly, the trends picked up in the research do inform the tyre market.

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Related news:

  1. UK truck tyre market size shift continues
  2. 2018 UK truck tyre market data overview
  3. Goodyear: Fleet managers not taking truck tyres seriously
  4. High costs mean fewer miles, less maintenance
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All-new policy?

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On the one hand, a steadily growing economy and healthily increasing commercial vehicle registrations figures appear to point to a bright future for the UK truck tyre segment. However, on the other hand, the situation is complicated by the increasing imports of low-cost and often un-reported Chinese tyre imports – something that is particularly affecting both current and future retread sales, owing to these products’ lack of retreadability.

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Related news:

  1. Tyre sell-out up 4% overall, value tyre sales growth outpaces premium 4:1
  2. Everything pointed to UK tyre market growth in 2014, but…
  3. Looking up? Why there’s more room for tyre demand improvements
  4. Tyre production in China – where are the ‘tier one’ manufacturers?
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European two-wheel tyre sales down 3% in second quarter

Following on from the publication of European tyre sales figures relating to car, truck and agricultural products sold in the first half of 2015, European tyre association ETRMA has also release two-wheel tyre demand data. In short, the performance of the two-wheel sector appears to be somewhere between the relative success of car and truck tyres, but not as bad as the declining agricultural tyre figures of the first report.

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Related news:

  1. ETRMA: Tyre sales show double digit growth in 1Q 2014
  2. European tyre markets up across all segments in 1H 2014
  3. ETRMA tyre sales up 2-3 per cent
  4. ETRMA: Truck tyre replacement sales up 9 per cent
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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
  3. Giti enters the top 10 of leading tyre manufacturers
  4. Full house of UK’s biggest CV tyre brands at CV Show 2015
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ATS Euromaster back in the black

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At the start of the year that ATS Euromaster marks its 50th anniversary, the leading tyre retail chain is kick-starting 2015 with the welcome news that it has returned to profitability after a challenging few years in the red. According to executives, this comes as the result of the successful implementation of a five-year turnaround plan and means ATS Euromaster is on-track to significantly increase profits over the next couple of years.

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Related news:

  1. UK tyre retailers continue right-sizing
  2. Michelin buys Blackcircles.com for £50 million
  3. Micheldever’s TyreClick to support independents’ online competitiveness
  4. Michelin launches Click2Sell website solution to tyre dealerships
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Saudi Arabia tyre market to follow vehicle market expansion

In 2013, about 0.74 million units of commercial vehicles and passenger cars were sold in Saudi Arabia, giving the Kingdom one of the highest per capita vehicle totals globally. However, virtually all of this is imported as Saudi Arabia is also home to a huge vehicle production deficit. Nevertheless, a new report distributed by Bharat books suggests expanding growth potential in the automobile sector is attracting several vehicle manufacturers to Saudi Arabia.

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Related news:

  1. Saudi Arabia tyre sales to grow at 12% CAGR
  2. Membat attending Automechanika Jeddah
  3. Apollo Tyres enters Saudi Arabia tyre market
  4. Ssangyong Motorsport fits Yokohama Geolandar on 2020 Dakar Rally
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Looking up? Why there’s more room for tyre demand improvements

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Our review of the year at the end of last year, pointed out how many sources had expected better times for the tyre retail market in 2014. Now as we move forward into 2015, Tyres & Accessories examines the current case for the demand recovery in the market. Many of the wider economic indicators point to broad economic recovery. At the same time pay is rising and inflation is levelling off at around 1 per cent, meaning household incomes should be rising. Furthermore fuel prices are lower than they have been for years. And of course, all this should lead to greater tyre sales volumes and even improved product mix. It is customary to be positive and even optimistic at this time of year, wishing everyone a happy new year etc, but the question remains with regard to our tyre market predictions – will it?

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Related news:

  1. Continental: UK car tyre market stable, getting larger and AFV fitments growing
  2. High performance tyre segment growing across Europe
  3. All-new policy?
  4. GfK: SUV sales drive UK tyre market post-Brexit
/by

12% CAGR projected in Thailand tyre market

The tyre market in Thailand is forecast to grow at a CAGR of more than 12 per cent between 2014 and 2019. Anticipated double digit growth in automobile production, expanding automobile fleet size, upcoming important infrastructure developments and growth-focused initiatives being undertaken by the government are expected to propel tyre sales in the country through 2019.The two-wheeler tyre segment accounted for the largest market share in 2013, followed by commercial vehicle, passenger car and OTR tyre segments. While the two-wheeler tyre segment is expected to retain its dominance, in volume terms, in the Thailand tyre market, the passenger car tyre segment is expected to surpass the commercial vehicle tyre segment and capture the second largest market share by 2019.

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Related news:

  1. Survey: Thailand home to 3,200 tyre shops
  2. Tyre prices stable, local product demand rising in SE Asia – GfK survey
  3. Encircle Marketing launches new website and reporting centre
  4. Trending? Tyres and economic trends
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Report: Philippines tyre market to experience double digit growth

The tyre market in the Philippines is forecast to grow at a CAGR of about 13.85 per cent between 2014 and 2019, according to a report published by TechSci. The report suggests the growth will be fuelled by a growing vehicle parc, infrastructure development and growth-focused initiatives taken by the government. While two-wheeler tyres accounted for a majority of the market share in 2013, the NCR region remained the highest contributor in tyre sales due to a large population living in the region and rapid development in industries located in the region.

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Related news:

  1. GfK: Central Malaysia PCR sales 1.2 million units in 1Q 2013
  2. 12% CAGR projected in Thailand tyre market
  3. Saudi Arabia tyre market to follow vehicle market expansion
  4. Michelin predicts significant slowdown in car and truck tyre demand
/by

Continental: UK car tyre market stable, getting larger and AFV fitments growing

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Continental executives opened their annual market trends briefing in London with the positive assertion that the 2014 UK car tyre market demand is stable at roughly 35 million tyres for the year. Conti’s definition of the market includes imported tyres, 4×4 tyres and part worns, so this figure is broadly in line with other estimates.

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Related news:

  1. Still going strong: 4×4 tyres continue to overcome obstacles
  2. 30th consecutive month of growth in UK car registrations – SMMT
  3. UHP tyre prices recovering…
  4. Tyre sell-out up 4% overall, value tyre sales growth outpaces premium 4:1
/by

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