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You are here: Home1 / Astutus Research

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Chinese tyre import share rises above 50% in declining European market

Company News, International News, Premium, Product News
Linglong

China accounted for more than half of all passenger car and light truck (PCLT) tyres entering the European Union and the United Kingdom for the first time during the first eight months of 2020. Comparatively, the then 28 EU nations imported 105 million passenger car and light truck (PCLT) tyres from outside the region in the same period of 2019.* The major impact on tyre demand of the coronavirus pandemic, as well as varying degrees of disrupted production, led to the EU-27 and UK together importing 21 million fewer tyres in the corresponding period of 2020, a reduction of 20 per cent. The Eurostat and HMRC data was compiled by leading data analyst Astutus Research.

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Related news:

  1. Re-globalisation of the international tyre market?
  2. EU makes final truck tyre anti-dumping duties decision, retains fixed rates for manufacturers
  3. Pearls of the Orient
  4. Emissions inspections push Chinese tyremakers to the brink
23rd October 2020/by Andrew

UHP tyres one-third of European replacement market by 2024: Astutus

Market Info, Premium, Product News
Hankook

Leading tyre market data analyst Astutus Research has predicted that the European trend for higher performance tyres looks set to continue. The analyst’s report, ‘Future Dynamics of the European PCLT Tire Industry’, published in association with Tyrepress, has been updated for 2019 with an eye to the trends of the next five years. The analyst states: “The movement towards tyres with a higher rim diameter is clear within the European PCLT tyre replacement market. This reflects the trend towards larger tyres on new car models and changes in the composition of the car parc, with a greater share of SUVs. The replacement market reflects the changes in the original equipment segment, albeit with a lag.

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Related news:

  1. Growth in every size segment from 17” up, but rapidly slowing
  2. Cooper adds new sizes to A-rated Zeon CS Sport UHP tyre range
  3. Sailun, DistriCash demonstrate UHP tyre performance gains in France
  4. Sailun launches new Atrezzo PCR tyres
8th June 2020/by Andrew

China now in 3rd place as source for EU truck tyre imports

Premium, Product News, UK News

In previous features on commercial vehicle tyres, Tyres & Accessories has noted the varied effects European Union tariffs on product manufactured in China have had on the market. Questioning whether the tariffs have “worked” is a complex question, because their effect on new tye segmentation and retreads have been varied across Europe’s major markets. Truck tyre markets in France and Germany reacted in very different ways to the UK, at least partially because the latter market was contracting anyway.

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  1. US Companies Asked to Provide Details of Recalled Tyres
  2. Bridgestone staying strong in a growing truck tyre market
  3. Giti releases details of 6 Giti-branded tyres on CV Show 2017 stand
  4. Giti launches key commercial tyre sizes one year since rebranding at CV Show 2018
4th March 2020/by Andrew

Decennial shift in global PCLT tyre volume market share

Company News, Market Info, Premium

The latest global tyre market share figures from tyre industry analyst Astutus Research show how long-established, leading players headquartered in Japan, Europe, and North America have seen their volume share diminish, while Chinese, ASEAN, and selected other markets’ tyre manufacturers’ share has risen. The analyst states that in aggregate, the ten leading PCLT tyre manufacturers based in Japan, Europe and North America (J-E-NA) have lost almost 6 percentage points of market share since the end of 2011 (OE and replacement segments combined, volumes in tyre units). In part this reflects a strategic choice of some to focus on the higher value premium segments of the market.

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Related news:

  1. Zhongce Rubber enters global top ten tyre manufacturers
  2. Giti enters the top 10 of leading tyre manufacturers
  3. Shifts in leading tyre manufacturer rankings, 2015-2019
  4. Pirelli, Hankook continue close rivalry in list of Leading Tyre Manufacturers
29th November 2019/by Andrew

Serbia to become PCLT tyre production hub

Company News, International News, Premium, Product News

When Toyo recently announced its intention to build a new tyre plant in Serbia it consolidated the country’s position as the leading location for new passenger car and light truck (PCLT) tyre manufacturing capacity in Europe. Toyo’s proposal follows Linglong’s decision to build its new European plant in the country and Cooper Tire’s plan to double the size of its facility there. Based on analysis of all announced capacity actions by Astutus Research (plant opening and expansion net of closures and downsizing), the Czech Republic is a distant second in terms of planned capacity additions between 2018 and 2026.

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Related news:

  1. Linglong to become first Chinese global Top 10 car tyre manufacturer by 2019 – analyst
  2. Toyo investing 390 million euros in Serbia tyre factory
  3. Decennial shift in global PCLT tyre volume market share
  4. Is Continental about to break into PCLT tyre global big 3?
10th September 2019/by Andrew

Linglong to become first Chinese global Top 10 car tyre manufacturer by 2019 – analyst

Company News, Market Info, Premium

New research by London based independent research company Astutus Research suggests that a domestic Chinese company could be about to join the top 10 global manufacturers of passenger car and light truck (PCLT) tyres. Linglong Tyre, currently ranked 12th globally in the segment by unit sales, is forecast to take tenth place by 2019, replacing South Korea’s Kumho Tyre. The move would make the manufacturer the first from China to enter the PCLT top 10.

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Related news:

  1. Decennial shift in global PCLT tyre volume market share
  2. ZC Rubber still number one tyre manufacturer in China 
  3. Premium tyremakers continue to lead global top 20
  4. ZC Rubber, Bekaert sign strategic cooperation agreement
4th June 2018/by Andrew

Is Continental about to break into PCLT tyre global big 3?

Company News, International News, Premium, Product News

A glance at the archives of Tyres & Accessories’ global tyre manufacturer rankings reveals that the ‘Big Three’ are quite stable fixtures at the top of the table. However, new analysis from Astutus Research suggests that the perennial fourth-placed Continental Tire could be about to break the stranglehold of Bridgestone, Michelin, and Goodyear in the passenger car and light truck tyre segment (PCLT). According to Astutus’s latest report, the German manufacturer appears to have closed the gap on Goodyear, and is set to jump up a place in the rankings.

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Related news:

  1. Michelin the number one consumer researched tyre brand: Tyre Reviews
  2. Linglong to become first Chinese global Top 10 car tyre manufacturer by 2019 – analyst
  3. Decennial shift in global PCLT tyre volume market share
  4. Goodyear: New EfficientGrip Performance 2 tyre offers 20% more mileage than Michelin
22nd February 2018/by Andrew

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