Tyre Market Data Shows Growth in All Regions
According to data released by Pirelli & C. SpA, Europe’s passenger car and light commercial vehicle replacement tyre market grew 14 per cent year-on-year during April 2010, below the 20 per cent improvement observed in March yet a three point improvement on the market’s 10.5 per cent year-to-date improvement. Original equipment sales of all tyre brands in Europe improved one per cent year-on-year during April, considerably lower than the 19.25 per cent improvement seen in the year-to-date. Replacement market truck tyre sales showed a 20 per cent year-on-year improvement during the month, down on the year-to-date increase of 32.75 per cent. The original equipment truck tyre market in Europe shot up 60 per cent in April, by far the largest monthly year-to-date growth so far this year. Year-to-date, growth in this sector have improved by 16 per cent over last year.
In the North American NAFTA region, replacement passenger car and light truck tyre sales rose 13 per cent year-on-year in April, contributing towards a 9.25 per cent year-to-date improvement. Sales to original equipment customers jumped 48 per cent, with year-to-date sales a respectable 66.75 per cent. Replacement market truck tyre sales in the NAFTA area are also on the rise. According to Pirelli’s figures, the replacement market grew 33 per cent year-on-year in April 2010, a 21.5 per cent year-to-date growth improvement. A 40 per cent growth was seen in the original equipment truck tyre market; year-to-date, the market has grown 21.25 per cent.
In South America’s Mercosur trade region, the replacement market passenger car and light truck tyre grew 23 per cent year-on-year in April and is up 24.5 per cent year-to-date. The original equipment segment grew 15 per cent year-on-year during the month, contributing to a 23.5 per cent year-to-date growth figure. The truck tyre replacement market grew 26 per cent year-on-year during April and has grown 30 per cent year-to-date, while the original equipment market grew a respectable 64 per cent in April 2010. Year-to-date, this segment has shown a 60.25 per cent growth.
April 2010 market data for China and OE market data for Japan is not yet available. In the Japanese replacement tyre segment, an 11 per cent growth was seen in the passenger car and light commercial vehicle market, adding to an 8.75 per cent year-to-date growth, and the truck tyre market grew 20 per cent in the month. Year-to-date, Japan’s replacement truck tyre market has grown 16.75 per cent.