UK Withstanding Truck Tyre/Retreading Downturn Well
Following a decade of steady growth in demand averaging 10 per cent, last October the financial and economic crisis pushed European retreading markets into a freefall. The largest decline was listed by market participants in the opening quarter of this year, and according to Marangoni demand for retreaded tyres in Europe reduced by a quarter. Yet at the same time, the market for new truck tyres dropped some 30 per cent. In the second quarter, demand was still some 15 per cent below that of the previous year, while the new tyre industry recorded sales a clear 25 per cent worse – another result reflecting the new tyre industry’s greater difficulties.