Problems in the automotive parts supply chain hit car makers hard in 2021. The knock-on effect for tyre manufacturers was an estimated $2 billion in lost revenues, as original equipment manufacturers around the world slowed or stopped production. This has throttled the speed of the return to pre-Covid levels, despite strong demand for new cars, particularly those with electric powertrains. Meanwhile, mileage in many markets recovered following the lockdowns of 2020, meaning the shortfall in OE tyres could be ameliorated somewhat by replacement market sales. Premium and upper mid-range tyre brands were most likely to be affected by the OE tyre market slump, but other headwinds, like increasing raw materials and shipping prices and supply chain difficulties, have affected pure replacement market players too. Tyres & Accessories takes in an overview of the car tyre market in the February issue.
The two-wheeler market enjoyed modest growth in 2021 and sales of electric models strongly increased year-on-year, with demand from commuters particularly strong. Against this positive backdrop, a number of new products are coming to market in 2022. We take a look at the latest two-wheeler ranges in our February magazine’s motorcycle tyre feature.