Wheels of change?

There may have been dark clouds during the past five years, but it does now look like the skies have cleared

The recession had a disproportionately large impact on the haulage industry. With many firms going to the wall and others trimming their fleets right back and running their tyres to death, this all had a similarly big impact on the truck tyre business too. Back in 2009 Tyres & Accessories observed that the combination of shrunken demand and aggressive competition from up-and-coming manufacturers (namely Hankook at that time) really shook the market up. Five years later, comparing the market then and now reveals that this “shake-up” trajectory continues well into the new decade, with both Hankook and Giti occupying significant market share positions that simply were not feasibly early in the new millennium.

The rest of this article is for subscribers only:
Log inSubscribe


Leave a Reply

Your email address will not be published. Required fields are marked *

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.