• Twitter
  • Facebook
  • Instagram
  • Subscribe
  • Free Newsletter
  • My Account
Tyrepress
  • 0Shopping Cart
  • NewsNews
    • Latest News
    • Company News
    • UK News
    • Product News
    • International News
    • Retreading
    • Career Tracks
    • Motorsport
    • Video
    • Tyrepress Videos
  • Data
    • Leading Tyre Manufacturers
    • Leading Retailers (UK)
    • Social Media Ranking
    • Online Branding
    • Brand Finance rankings
    • Blue Light Fleet Analysis
    • Astutus Research analysis
    • Tire Market Forecasts
  • Features
    • Goodyear to buy Cooper – special supplement
    • TPMS and Sensor Technology 2021
    • Tyre Industry Conference 2020
    • Online Tyre Business 2020
    • Kick-starting your business webinar May 2020
  • Business Directory
    • Browse Entries
    • List Your Company on the Business Directory
  • Jobs
    • Situations vacant
    • Career Tracks
  • Classifieds
  • Magazine
    • Latest Issue
    • Read Tyres & Accessories Magazine online
    • Tyres & Accessories Magazine Archive
  • Shop
    • Subscription Shop
    • Report Shop
    • Directory Shop
  • About
    • Company Profile
    • Media Information
    • Frequently Asked Questions (FAQs)
    • Legal
    • Contact Us
  • Tyre Tests
  • Search
  • Menu
You are here: Home1 / News2 / Editorial/Comment3 / Key tyre industry themes for 2022: acquisitions, consolidation and sus...

Key tyre industry themes for 2022: acquisitions, consolidation and sustainability

Date: 6th January 2022 Author: Chris Anthony Comments: 0

A quick glance at our recent top 10 articles of 2021 email offers a unique overview of the major themes of the last 12 months. Since most of those issues are ongoing stories, they bring with them a useful insight into some of the things we can expect in 2022 – an insight that can be summarised by these three words: acquisitions, consolidation and sustainability.

The biggest tyre industry purchase by far was Goodyear’s US$2.5 billion acquisition of Cooper, an integration that – as we read in last month’s magazine – is progressing well (see this month’s International Tyre Market section for more on this). However, there have also been a string of acquisitions in the UK tyre retail sector, which have already significantly altered the landscape.

Halfords got two mentions on 2021’s top 10 article list for its purchases of Universal Tyres and National Tyres and Autocare respectively. Both impacted the shape of UK tyre retail sector and signalled the company’s intentions to be a leading player, but it was the later acquisition of National Tyres and Autocare that demonstrated that Halfords wants to compete with long-term market leader Kwik-Fit for pole position (see pages 14 to 15 for further details of Halfords Group’s acquisition Axle Group/National Tyres and Autocare). With Bridgestone’s First Stop franchise network growing at a rate of knots and with growth scheduled at the Formula One Autocentres business along with the continued developments of other market players, the tyre retail landscape will be a different picture by the time we do our annual retail sector report in the spring.

The recent and ongoing changes in the UK tyre retail sector can certainly be described as consolidation, but the UK tyre retail isn’t the only place that experienced such a trend. In addition, a number of small, medium sized as well as a couple of large acquisitions have closed in the industrial/OTR tyre sector. For example, at the start of December Bridgestone invested AU$79 million (£42 million) in the acquisition of Australia-based OTR tyre management firm Otraco International. Also down-under, Magna Tyres bought Fennell Tyres International. Then there was Magna’s purchase of Polish tyre dealer Industra at the tail end of 2021. Around the same time Sri Lanka-based off-road tyre manufacturer GRI announced that it had bought Protyre in the Baltic region, cementing its position in Eastern Europe.

Continued consolidation in the OTR tyre segment

However, arguably the biggest story in the sector is the ongoing news that Trelleborg Wheel Systems is up for sale, with around 2 billion euros having been bid by Yokohama. Our reports that the industrial/OTR tyre major Trelleborg is in talks regarding the sale of its business were confirmed at the end of December in an official statement that said the firm had indeed been discussing the sale with “external parties” (see page 32 for complete coverage).

In response, Titan International chairman Morry Taylor released two fairly critical commentaries on the news. Perhaps the chairman does protest too much? Despite breaking in mid-December, the news that Trelleborg Wheel Systems is for sale ended up being one of the most popular articles of 2021 and – whatever happens next with the “external parties” – the implications for allcomers will inevitably reverberate into 2022. (For more on this business area, you can read our detailed coverage of developments in the agricultural part of the off-road tyre sector in this month’s Agricultural Tyre feature, which includes an exclusive interview with Trelleborg Wheel Systems managing director Paolo Pompei, from page 40 onwards).

Which just leaves the final mega-trend of 2021 remaining for discussion – sustainability. There’s no doubt that – partly due to the opportunities provided by the extensive disruption generated by the pandemic – the trend towards greater and more long-term ecological considerations in all aspects of the tyre business continues to rise in prominence. During 2021 and continuing into 2022 and beyond, the actions attached to such sentiments have become increasingly clear for all to see. Indeed, several manufacturers have committed to making tyres from 100 per cent sustainable raw materials by 2050. In addition, some have committed to ambitious intermediate milestones by 2030 (see page 23 for more on that).

Similarly, as well as optimising fuel/power and traction efficiency and effectiveness, TPMS has a key role to play in minimising carbon emissions. And that’s why more and more businesses are equipping their technicians with both the right technology and know-how to service tyre pressure monitoring systems. For our annual run-down of recent developments in the TPMS space, turn to page 24.

With all that said, and as we look forward into what the 12 months of 2022 bring, may you and your business benefit from the acquisitions, consolidation and growing influence of sustainability-thinking that are set to play key roles in the tyre business this year.

Tyres & Accessories logoLook out for all the articles referred to in this column in January’s Tyres & Accessories magazine, which will be distributed shortly. Not a subscriber? No problem, click here to become one.

Related news:

  1. Clever tyres – how tyres, TPMS and RFID are combining
  2. Kumho takeover implosion isn’t the end of market consolidation attempts
  3. Who cares what tyres are made from? – BTMA
  4. Eurotire Becomes Global PressurePro Distributor
Comments

Leave a Reply Cancel reply

Connect with:
Facebook Google Twitter

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

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on WhatsApp
  • Share on LinkedIn
  • Share on Reddit
  • Per E-Mail teilen

Advert Location 348

Related Tags

acquisitions, BTMA, consolidation, Halfords, National Tyres and Autocare, OTR tyres, sustainability, TPMS, Trelleborg

Advert Location 28

Top five articles this week

Advert Location 29

© 2020 - Tyrepress
  • Twitter
  • Facebook
  • Instagram
  • WhatTyre
  • Reifenpresse
  • PneusNews
Nokian Tyres’ Visitor Centre in Spain awarded green certification for sus... Bartec TPMS: Bartec navigates shortages to engineer strong sales for 2022
Scroll to top