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AEB market to reach $68.25 billion by 2033

In 2022, the automotive emergency braking (AEB) systems market was estimated to be worth US$29.52 billion. And the industry is projected to be valued at $31.61 billion by the end of 2023, both figures according to a recently published Future Market Insights report. In addition, the global market for AEB systems will likely expand at an 8 per cent compound annual growth rate (CAGR) over the course of the next decade, with a projected value of $68.25 billion by 2033.

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  1. Global ADAS market to surpass 302 million units a year in 2022
  2. Why sensorisation means ADAS and ADAS means calibration equipment
  3. ADAS market set to reach $211.71 billion by 2034
  4. Brembo fourth-quarter net profit up +17.5%
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Does Apollo occupy 35% of the Indian tyre market?

At the start of 2022, several sources on social media shared a chart suggesting that Apollo Tyres is the biggest tyre manufacturer by market share. And what’s more, Michelin was nowhere to be seen. “Don’t believe every meme you see” is great advice for everyone, but for us “check your sources” is a basic rule of thumb. So, we had to take a closer look at those market share claims and found that, while there’s no smoke without fire and they do relate some truth, there is also a fair bit more to the story.

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Related news:

  1. Indian tyre makers investing to boost local rubber production
  2. Indian Tyremakers to Spend £670 million
  3. Sonil Ventilfabrik Hosts 27th ITTAC Meeting
  4. Lower rubber prices push up Indian tyre shares
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Analysts: Conti ’missed’ EBIT by 15%, notwithstanding better Tires performance

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Following the news that Continental AG has pre-released fourth-quarter 2020/full-year 2022 sales, adjusted pre-tax profit (EBIT) margin and free-cash-flow figures, financial analysts immediately began sharing their verdict.

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  1. VW reports first quarterly loss in 15 years
  2. Continental expected to outperform Q4 2020 estimates
  3. Michelin third-quarter 2022 sales ‘strong’ – analysts
  4. Volume and price-mix performance current keys to success of premium tyre brands
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Michelin third-quarter 2022 sales ‘strong’ – analysts

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Following the news that Michelin reported third-quarter 2022 group sales of 6,012 million euros, financial analysts responded by describing the company’s results as “strong”. Michelin’s third-quarter sales figure is both up 8.7 per cent year-on-year and 3.6 per cent above the consensus of analyst expectations (5,801 million euros).

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Related news:

  1. Were communications issues behind premium tyremakers share price drop?
  2. Michelin publishes Universal Registration Document
  3. Michelin sales contract 20.6% in first half of 2020
  4. Conti shares rated as a post-US election ‘buy’
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Conti shares rated as a post-US election ‘buy’

David Dibert; Pixabay

With the 2020 US election shaping up to be the closest in the last two decades, no-one can yet say who will be the winning. However, share price analysts that are literally experts at hedging their bets, have compiled a list of post-Election share picks. In short, while growth is expected across the board in 2021, the recently-berated Goodyear is not the only tyre brand that would stand to gain from the end of Trump presidency.

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Related news:

  1. Titan to Trump: We’re not the Goodyear you want to avoid
  2. Goodyear: Protect our good name – Bad year for the White House tweeter
  3. US military not swayed by Trump’s call for Goodyear boycott
  4. Trump, the presidential limo and its tyres
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Michelin world’s most valuable tyre brand, but Bridgestone well-placed to regain pole

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Brand Finance

In addition to being the strongest brand globally, according to Brand Finance, Michelin has been named the world’s most valuable tyre brand for the third year in a row. However, the gap between first position and second-placed Bridgestone narrowed, meaning the Japanese tyre manufacturer is well-placed to regain pole.

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Related news:

  1. Michelin becomes world’s most valuable tyre brand
  2. Michelin, Bridgestone in top 300 world’s most valuable brands, but fall in rankings
  3. Michelin maintains position as world’s most valuable tyre brand: Brand Finance
  4. Shifts in leading tyre manufacturer rankings, 2015-2019
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How the UK aftermarket is enduring Brexit and lockdown weather

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Perfect Storm? How the UK aftermarket is enduring the Brexit and lockdown weather (Photo: Herbert Santos; Pexels)Herbert Santos; Pexels

The last time Tyres & Accessories took a close look at the aftermarket sector back in July 2019, we took the optimistic view that the UK aftermarket space would be able to weather the Brexit storm. Of course, back then Brexit and trans-Atlantic trade wars were the most significant pressures on aftermarket parts segment. Now, however, things are considerably more complex and unpredictable. So, in this analysis we examine the most recent pre-lockdown data as well the latest mid-lockdown information in order to answer the question: is the UK aftermarket still weathering the storm?

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Related news:

  1. Tyre dominance in overall aftermarket beginning to diminish
  2. MOTs worth £177 million a year in UK tyre sales
  3. All-new policy?
  4. Long-term trend shows winter tyres receding, all-season rising in UK
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JATO Dynamics appoints new CEO

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JATO Dynamics

JATO Dynamics, which provides global automotive data, has David Krajicek as its CEO, effective 13 April 2020. Dr Krajicek has over 25 years’ experience. He joins from GfK where he had been at the helm as CEO of GfK Research since 2017.

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  1. Encircle Marketing launches new website and reporting centre
  2. Trending? Tyres and economic trends
  3. European new car sales continue YOY growth – JATO Dynamics
  4. Report: Philippines tyre market to experience double digit growth
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Analysts upgrade Conti despite OEM shutdowns

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Financial analysts have upgraded Continental AG shares to buy on the basis that car manufacturer shutdowns will only be a limited measure. Writing in an investors note dated 25 March, Jefferies analysts explained their rationale:

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Related news:

  1. Continental recommends global OEMs adopt direct TPMS technology
  2. Automakers have ‘no alternative but to shutter plants’
  3. Continental appoints new truck tyre OE head
  4. 2017‑2021 trailer demand could set five-year record
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Automakers have ‘no alternative but to shutter plants’

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Following the news that Volkswagen Group is planning to temporarily suspend production at its European plants due to the deepening impact of the coronavirus (COVID-19) crisis, David Leggett, Automotive Editor at GlobalData, commented:

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Related news:

  1. 1 million fewer cars – coronavirus’s impact on automotive production
  2. Bridgestone EMIA resuming manufacturing
  3. 2017‑2021 trailer demand could set five-year record
  4. VW shuttering vehicle production in Europe
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So long, farewell, auf wiedersehen, goodbye EU

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Good bye handshake Brexit

As the February 2020 issue of Tyres & Accessories goes to press, the United Kingdom is officially leaving the European Union after three years of intense dispute and debate. At the same time, 2019 wasn’t a great year for the automotive and tyre industries (see page 36 onwards for further details of what has transpired during the last 12 months). And with a no-deal scenario presenting the possibility of import tariffs on and parts, 2020 doesn’t look like it is going to be a whole bunch better. However, while the disappointing performance of the car and tyre markets is linked to Brexit, the issues are not one and the same.

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Related news:

  1. UK Automotive industry demands Brexit safeguards
  2. Conti CEO: Brexit vote “very worrying”
  3. UK CV manufacturing 8.5% up in 2018
  4. UK car production falls -4.0% in October
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2017‑2021 trailer demand could set five-year record

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Following the news that West European economies have had their forecasts for economic growth downgraded for 2019/20, analysts have concluded that suggestions of a slowdown in demand for trailers in the region during 2019 are likely to be correct.

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Related news:

  1. West European trailer demand could fall 10%
  2. Turkey leads strong Eastern Europe heavy trailer demand
  3. HGV trailer sales fell 6.3 per cent in 2012
  4. East European trailer market stalls…again
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Were communications issues behind premium tyremakers share price drop?

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Michelin’s predictions that market demand has been tough and will continue to be sluggish till at least the end of the year (see “Michelin predicts significant slowdown in car and truck tyre demand“ for further details) sent shockwaves through the financial markets. Shares started off bad, falling 6 per cent in early Paris trading to a seven-year low, but continued downwards and were down more than 9 per cent by mid-afternoon to 89.54 euros. Ultimately, shares in tyre manufacturers dropped by as much as 10 per cent on the day (Friday 19th October 2018).

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Related news:

  1. Michelin accused of Indonesia natural rubber deforestation “cover-up”
  2. Michelin catering to a proliferation of performance sizes
  3. Michelin adds winter tyre to scooter portfolio
  4. A close technical collaboration – Michelin and the Ferrari 458 Speciale
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Growth in every size segment from 17” up, but rapidly slowing

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The UK’s high performance tyre sector – in this case defined by tyre diameters of 17” and above – has continued its growth trend, but at a very much slower rate than in 2017.

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Related news:

  1. Ultra high performance tyres – a premium market place?
  2. High performance tyre segment growing across Europe
  3. UHP tyre prices recovering…
  4. Tyre sell-out up 4% overall, value tyre sales growth outpaces premium 4:1
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Ultra high performance tyres – a premium market place?

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The UK ultra-high performance sector (defined as 17-inch diameters and above) now represents some 38.8 per cent of the UK tyre market. That’s according to the latest market data produced by experts at GfK whose Point of Sales Tracking data compared sales in the period between May 2015 to April 2016 with May 2016 to April 2017. In order to better understand the high performance sector, Tyres & Accessories took a close look at the latest GfK information.

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Related news:

  1. Growth in every size segment from 17” up, but rapidly slowing
  2. High performance tyre segment growing across Europe
  3. UHP tyre prices recovering…
  4. Tyre sell-out up 4% overall, value tyre sales growth outpaces premium 4:1
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