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You are here: Home1 / News2 / Company News3 / Michelin Data Confirms Market Uptick

Michelin Data Confirms Market Uptick

Date: 21st May 2010 Author: Admin Comments: 0

Information released by Michelin on July 19 paints a very similar picture of the current global tyre market as the Pirelli information published two days earlier. The French manufacturer reports a 13.4 per cent year-on-year growth in the European (including Turkey, excluding Russia) passenger car and light commercial vehicle tyre replacement market during April 2010, and a 21.2 per cent growth in the original equipment sector. This represents a year-to-date growth of 10.4 per cent for the replacement market and 33.6 per cent for original equipment. The replacement truck tyre market is reported to have grown 22.7 per cent, while the original equipment sector showed a year-on-year growth of 58.8 per cent during the month. Year-to-date, Michelin’s figures show the replacement truck tyre market to have grown 34.7 per cent, while growth in the original equipment sector is reported to be 10.7 per cent.

Chinese market figures, which were not available from Pirelli, show a passenger car and light commercial vehicle replacement tyre market growth of 34.1 per cent in April 2010. Year-on-year original equipment sector growth was 34.4 per cent. Year-to-date, the passenger car and light truck tyre replacement market in China has grown 24.8 per cent and original equipment 66.5 per cent. China’s replacement truck tyre market is said to have grown 11.9 per cent in April 2010 and the original equipment market 15.6 per cent. Growth year-to-date is 13.4 per cent for China’s truck tyre replacement market and 17.2 per cent for the original equipment sector.

The North American passenger car and light truck replacement tyre market grew 12.4 per cent and the original equipment market 45.8 per cent year-on-year. Michelin reports year-to-date growth as being 9.7 per cent in the replacement market and 64.7 per cent for original equipment. Truck tyre growth was 37.2 per cent for the replacement market and 40.8 per cent for original equipment. Year-to-date, the North American replacement truck tyre market has grown 24.7 per cent and the original equipment market 18.1 per cent.

Additional truck tyre market information records Brazil’s replacement market as growing 22.7 per cent and original equipment 60.1 per cent, contributing to year-to-date growth of 32.0 per cent and 55.6 per cent respectively, and Japan’s replacement tyre market as growing 15.2 per cent in April and its original equipment market a massive 160.9 per cent year-on-year during the month. Year-to-date, Japanese market growth is said to have been 14.4 per cent for the replacement truck tyre market and 106.5 per cent for original equipment.

 

Related News:

  • Tyre Market Data Shows Growth in All Regions
  • Pirelli: Tyre Demand Strong in April

Related news:

  1. June Growth Boosts Year to Date Global Market Figures
  2. OE Truck Tyres Sole European Market Highlight in October
  3. Goodyear sells global wire business
  4. Michelin releases latest market figures
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Brazil, China, Company News, MARKET DATA, Michelin, Pirelli, Russia

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