Latest Pirelli Figures Show Tyre Market Was Strong in 3Q 2010
Pirelli’s latest “Tyre Market Watch” figures show that first half 2010 passenger car tyre volumes increased by approximately 20 per cent. Third quarter volumes are said to have remained strongly in the double digit growth range, but moving at roughly half the pace of the first half at +10 per cent. Truck tyre volumes were said to have been much stronger growing at +20 per cent and +25 per cent respectively.
Truck tyre original equipment demand was much stronger (+84% in Europe, +35% in North America, +49% in Latin America) than in the replacement sector (+15% in Europe and in North America, +23% in Latin America). In passenger tyres, demand was stronger in replacement sector in Europe (+6 per cent) than in OE (-2%), and the opposite in North America (OE +27%, replacement 0%).
Commenting on the recent research, which Deutsche Bank characterised as “restricted”, analyst Gaetan Toulemonde wrote: “Overall, tyre volumes remained strong in the third quarter with a slightly negative OE/replacement tyre mix.”