European tyre markets up across all segments in 1H 2014

But UK and Spain report -1% growth

The European Tyre and Rubber Manufacturers Association (ETRMA) has published figures showing that is members experience sales increases across all segments in the first half of 2014.

The positive European market trend that began in the first quarter of 2014 was confirmed by data from April to June, which shows an overall stabilisation on a positive trend of the market in all segments. In the same was as the first quarter, truck and bus tyres remain the most successful segment, reporting 10 per cent growth compared to the first six months of the previous year. Car and two wheel tyres were similarly positive (up 8 per cent each in the period) and agricultural tyres showed a 4 per cent increase on the first half of 2013 figures.

When looking at the national results, all major markets registered positive figures for truck and bus tyres, with Germany leading the growth with a staggering +15 per cent. For consumer tyres, the results were more mixed with the majority of the biggest markets bringing positive results with the exception of the UK (-1 per cent) and Spain (-1 per cent).

Fazilet Cinaralp, Secretary General of ETRMA stated “The stabilisation of the market on a positive trend is very good news, which makes us hope for a positive end of year results after such a grim 2012 and 2013. Furthermore, the sell-in for winter tyres continues on a very high level, which hints to a nice picture for the consumer segment. However, it will be possible to have a “real life check” after the sell out from September throuh November”.

ETRMA member tyre  sales performance 2014