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Tyre demand declining 15 to 26 per cent in 2020

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Tyre demand decline predictionsenergepic.com; Pexels

Things are changing so quickly at the moment that most analyses end up little more than speculation two weeks later. That’s why Tyrepress contains both the latest news and seeks to set such developments into their medium- and long-term contexts. Take our Tyre Retail coverage for example (see “2020 UK tyre retail ranking” and “Which garages are open during lockdown“) where we list both the current proportions of open tyre retailers and analyse the overall UK tyre retail landscape in its seven-year context.

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Related news:

  1. Michelin temporarily closes some European factories, car tyre demand down 9%
  2. The tyre business is keeping countries rolling
  3. Michelin the number one consumer researched tyre brand: Tyre Reviews
  4. Micheldever/Protyre moves up to fourth, Lodge Tyres jumps in retail rankings
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Solid-state batteries growth ‘game-changers’ – Frost & Sullivan

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The electric vehicle (EV) market is experiencing rapid growth as a result of several global trends. Increasing city regulations, a decline in lithium-ion battery prices, and high demand in China are expected to push global EV sales to an unprecedented 1.6 million unit sales, with China leading the market at 49.5 per cent market share, followed by Europe with 25.6 per cent. Frost & Sullivan expects solid-state batteries to be a game-changer, potentially opening up significant growth opportunities for future battery chemistries due to manufacturers’ claims of an energy density 2.5 times higher than lithium-ion batteries.

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Related news:

  1. New battery could triple electric cars’ range
  2. US lab advocates tyre pyrolysis to supply EV batteries
  3. Tyre makers in the battery manufacturing space
  4. Fortum claims 80 per cent battery recycling rate
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ADL report predicts effect of future mobility solutions on automotive OEMs

Global management consultancy Arthur D. Little (ADL) has released a new study, “The Future of Automotive Mobility.” Based on a global survey of 6,500 participants, including customers, industry players and regulators, the report examines how the megatrends of electric mobility, car sharing and autonomous driving are likely to impact on the global automotive ecosystem and future OEM sales.

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Related news:

  1. Solid-state batteries growth ‘game-changers’ – Frost & Sullivan
  2. Ricardo and FMC to cooperate on electric vehicle development
  3. Bridgestone EMEA and Iris Capital announce innovation partnership
  4. Engineers respond to driverless shuttle bus launch
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Indonesia set to become main ASEAN automotive production hub, says report

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There is strong evidence Indonesia will eventually replace Thailand as the main automotive production hub in the Association of Southeast Asian Nations (ASEAN), according to Markus Scherer, global automotive sector leader at Ipsos Business Consulting. This could have major implications for automotive manufacturers and suppliers as well as policy planners in both countries, Scherer said.

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Related news:

  1. Positive Feedback from Automechanika Asia
  2. Advanced ID Opens Asian Office
  3. Management changes at Norbar
  4. Apollo drops European factory plans – report
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Report: Costa Rica tyre market on the up

The tyre market in Costa Rica is forecast to grow during the next few year due to “expanding vehicle fleet and upcoming government reforms to boost growth in construction and transportation sector”, according to the “Costa Rica Tyre Market Forecast & Opportunities, 2020” report published by TechSci.

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Related news:

  1. New biomass facility aiding Bridgestone’s carbon neutrality goals in Costa Rica
  2. Bridgestone US Executive Appointment
  3. Bridgestone Group Companies Donate to Haiti Relief Efforts
  4. Costa Rican president visits Bridgestone
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Even cheaper Chinese tyres?

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While ChemChina’s deal with Camfin to take over Pirelli officially got under way this month, not everyone connected to the economy in the People’s Republic was looking so positive. The stock market has been in freefall and industrial production looks to have taken a big hit. The Chinese state’s answer? To devalue the national currency (the yuan renminbi or RMB) three times in a week and make already cheap Chinese exports even cheaper.

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Related news:

  1. A tale of two markets…
  2. Tariff time again, but will they make a difference?
  3. Indian government moves to restrict tyre imports
  4. Re-globalisation of the international tyre market?
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