Pirelli has issued its latest Tyre Market Watch, which covers global original equipment and replacement tyre markets in December 2024 and the entirety of last year. The overall picture was one of resilience, with mixed results recorded across regions and segments.
The European Tyre and Rubber Manufacturers’ Association (ETRMA) has published its members’ replacement tyre sales figures for the third quarter and first nine months of 2024, comparing these results with statistics for tyre imports during the period. Adam McCarthy, the association’s Secretary General, notes that while member sales volumes for Consumer segment tyres are improving, mainly driven by rising demand for all-season tyres, volumes are still negative in the Truck segment. Significantly, both are still far from their pre-pandemic volumes.
Following a challenging 2023, the European Tyre & Rubber Manufacturers Association (ETRMA) has reported positive developments in the first half of 2024. ETRMA members recorded a year-on-year increase in replacement consumer PCLT (passenger car, light truck) and agricultural tyre sales in H1 2024, with particularly strong performance in the second quarter. However, PCLT tyre imports grew at a faster rate than member sales.
Goodyear has placed Frank Titz in charge of its passenger car tyre replacement sales in the DACH region (Germany, Austria and Switzerland). Titz took over from Dr André Weisz, who is to take on global responsibilities at the manufacturer, in the new year, according to Tyrepress’s German sister site. Weisz will continue to act as managing director of the Goodyear companies in the DACH market, such as Goodyear Germany GmbH (Hanau).
The European Tyre and Rubber Manufacturers’ Association (ETRMA) has published its members’ replacement tyre sales data for Europe during the third quarter of 2023, reporting a “significant decline across all segments” that continues the negative market trend seen in the first half of the year.
The Goodyear Tire & Rubber Company has reported a second quarter 2023 net loss of $208 million compared to net income of $166 million a year ago. According to executives, the sharp drop was primarily due to lower sales volume and higher “other expense”, driven by lower net gains on asset sales and higher pension costs.
Tyre sales in the European replacement market remained low in Q2 2023. The European Tyre and Rubber Manufacturers’ Association (ETRMA) reports negative evolution in all segments, with inflation driving costs increases that, combined with global economic insecurity, are stifling demand.
Manufacturer association ETRMA reports that its members experienced a “significant drop” in replacement market sales demand during Q1 2023. Compared to Q1 2022, sales within the replacement consumer tyre segment declined 12% and replacement truck and bus tyre market sales demand shrank by 18%. While sales of moto tyres were just 3% below the prior year figure, agricultural tyre sales were 39% lower.
A positive first half of 2022 gave way to an increasingly bleak picture for replacement tyre sales according to overall figures published today by European Tyre and Rubber Manufacturers’ Association (ETRMA) members. Overall this meant replacement consumer tyre sales were 2 per cent down on 2021. Commercial replacement tyre sales remained largely flat, except for the agricultural tyre market, which was down more than a fifth (-22 per cent), having been in contraction all year. Quarter four saw double-digit percentage falls versus the fourth quarter of 2021 as the effects of war in Ukraine, including spiralling energy prices and a continental cost of living crisis, bit. The European replacement tyre segment’s first half of the year had been relatively buoyant, with double-digit growth in replacement truck and bus tyres the highlight.
Reporting market trends for the month of June, Michelin notes that the current shortage of semiconductors strongly dampened recovery within the global automotive industry, which impacted upon sales of original equipment passenger vehicle and light truck tyres.
While sales of consumer replacement tyres in Europe are once again approaching 2019 levels, the all-season tyre segment has grown significantly – primarily at the expense of winter tyre sales.
Although a mild improvement was seen within the truck, agricultural and two-wheeler tyre segments in the third quarter of 2020, the European Tyre and Rubber Manufacturers’ Association (ETRMA) reports that the results for the first nine months of this year still show that the COVID-19 pandemic is “delivering worrying sales results for the industry.”
The second quarter of 2020 provided the worst quarterly sales results in recorded memory, the European Tyre and Rubber Manufacturers’ Association (ETRMA) states. Publishing its members’ replacement tyre sales for the Covid-19 pandemic stricken quarter, ETRMA secretary general Fazilet Cinaralp said: “The tyre sector’s full recovery is still far away. For the moment, we can only hope for the market to stabilise in the second half of the year. Our outlook for 2020 remains bleak with a double-digit drop in sales expected across all segments.”
Continental has merged its passenger and truck tyres replacement businesses in Europe, the Middle East, and Africa. Philipp von Hirschheydt, former head of the passenger tyres replacement business in the EMEA region, leads the new business unit. This transformation started on 1 January, 2020, becoming effective on 1 July, 2020. Conti states that it has merged the businesses to “increase customer centricity while increasing the overall efficiency of the organisations.” In making this organisational change, Conti has shifted its structure to align with customer groups rather than product categories.
Fresh figures from the European Tyre and Rubber Manufacturers’ Association (ETRMA) show the extent to which COVID-19 control measures have impacted upon Europe’s tyre markets. The year-on-year slowdown in tyre replacements and sales in the first quarter of 2020 has been “dramatic”, the ETRMA reports.
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