A report prepared for the European Tyre and Rubber Manufacturers’ Association (ETRMA) shows the extent of the European tyre industry’s contribution to the regional economy last year. This analysis by Oxford Economics shows that in 2023, the tyre manufacturing sector supported an estimated total contribution to the European Union’s GDP of around €44 billion and sustained almost 500,000 jobs across the region.
Tyre industry data analyst Astutus Research has produced a new analysis of vehicle kilometres travelled (VKMT) in 26 European markets. This metric is a key figure in determining tyre sell-out volumes, though the data can often be untimely or inaccurate data. With its new reports, which can be tailored to particular requirements, Astutus says it can offer up-to-date analysis of VKMT, with more than 20 years of historic data [from 2000], and forecasts to 2028, within the passenger car and light commercial vehicle segments. More information can be found in the Tyrepress Report Shop. Several analyses of global tyre markets are available now on Tyrepress.
A new study from market research firm Global Market Insights expects the airless tyre market to surpass 139,000 units by 2024. The researcher said that stimulated production of military and heavy commercial vehicles in the Asia Pacific region would boost the segment. Also backed by urbanisation trends in the region, Global Market Insights estimates that APAC will account for more than 34 per cent of the global market by 2024.
The Tyre Recovery Association (TRA) has responded to an assertion by the European Tyre and Rubber Manufacturers’ Association (ETRMA) that “some discussions seem to have recently kicked-off in the UK to study the feasibility of introducing an EPR [extended producer responsibility] regime” following an enquiry by Tyres & Accessories. The TRA states that there have been “no discussions at Federation level” looking into a similar collective scheme approved by national authorities to that implemented by 23 European countries. It adds that it will seek clarification from the UK’s Department for Environment, Food & Rural Affairs. The 2 May statement accompanied an ETRMA report on the collection and treatment of tyres in European markets.
A consolidated report on used tyres arising in Europe in 2016 shows 94 per cent were collected and treated. In compiling the data, the European Tyre and Rubber Manufacturers’ Association (ETRMA), consolidated used tyre (UT) management data for 2016 covering 32 countries, including the EU28, Norway, Serbia, Switzerland, and Turkey.
The viability of a sustained winter tyre market in the UK has long been categorised as doubtful, with sales rarely climbing to 2 per cent. Meanwhile recent improvements in tyre technology and the introduction of products looking to change their perception, led by the Michelin CrossClimate’s success in the fleet market, have seen all-season tyres become an increasingly attractive proposition.
Market research publisher Bharat books has released a new report on the UK tyre market. Introducing the new product, the company contexualises the research against the backdrop of “anticipated growth in the UK automotive industry and expansion in the overall automotive fleet”, saying these markets are “expected to boost tyre demand in the United Kingdom”. Without giving any further details, the publisher suggest that there are “growing online sales of replacement tyres” and “rising demand for retreaded tyres, especially in commercial vehicles”.
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Global Market Insights