Test World reports that it is remaining open to “operate and fulfill a busy schedule of indoor tyre and vehicle testing during the global COVID-19 pandemic”. Writing in an email to customers and contacts published 31 March 2020, company representatives said: “Operating within official health guidance to the strictest degree and treating the health and wellbeing of its staff as the utmost priority, Test World strives to minimise disruption to the industry in these unprecedented times.”
Apollo Vredestein is scaling back production at its European plants in Hungary and the Netherlands in addition to “taking measures to protect our workforce in line with government health advisory and measures” against coronavirus/Covid-19.
In spite of what it calls a “soft” market for car tyres in Europe last year, Nokian Tyres maintained its level of net sales throughout the period. Operating profit was lower year-on-year, and profit considerably increased. Operating profit is expected to take another tumble in 2020.
Various road and climatic conditions are encountered within the Continental Tire division’s Europe, Middle East and Africa (EMEA) business, and for this reason, it is introducing commercial trailer tyres that reflect regional requirements. The first of these is the Conti Hybrid HT3 WR.
Goodyear has launched a direct to consumer online tyre retail solution in the European market. The roll-out begins with a pilot project in Germany. The direct-to-consumer approach is said to be in addition to existing distribution channels. Based at goodyear.com/shop, the site aims to “seamlessly plan the purchase from choosing the right tyre to assembling with a local trading partner”.
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.
In mid-November, the Green Party in the EU Parliament put out a statement on twitter saying: “tyres release more than 500,000 tonnes of microplastics into the environment?”. Stating that this means it is “time to reinvent the wheel”, the green party added: “Yesterday [13 November] we fought hard and we managed to convince the EU to label tyre abrasion in order to tackle plastic pollution”. With this in mind, Tyres & Accessories asked ETRMA what the pan-European tyre industry is adding to the discussion.
Since the last report in May, Clear market research analysts are now reporting that several West European economies have had their forecasts for 2019/20 economic growth downgraded yet again. In the first six months trailer demand was up by 0.4 per cent but a fall of 14.9 per cent is forecast for the second half. As a result, the market will be down 6.6 per cent for the year.
Linglong Tire hosted its first European Dealers Conference in Cyprus between 11 and 13 October. With nearly 60 European distributors gathering to discuss the company’s achievements and challenges in overseas market development, brand promotion, and product innovation as well as strategic planning, the company said the event was “a success”.
With just over one month to go before the UK is due to leave the EU, the European automotive industry today made a united call for the UK and the EU to avoid a ‘no deal’ Brexit scenario. The lead organisations representing vehicle and parts manufacturers across the EU, the European Automobile Manufacturers Association (ACEA) and European Association of Automotive Suppliers (CLEPA), have joined forces with 21 national associations, including the UK’s Society of Motor Manufacturers and Traders (SMMT), to stress the impact a ‘no deal’ Brexit would have on what they call “one of Europe’s most valuable economic assets.”
Brexit is perhaps just over a month away, and while many companies face an uncertain future, Nokian Tyres is in the happy position of being relatively unconcerned about the UK rescinding its European Union membership. That’s just as well, as the Finnish tyre maker has other things to worry about.
Lassa Tyres has reported that the brand has grown international exports by 60 per cent during the last five years. Top countries, where Lassa Tyres were sold during 2018 include Egypt, Italy, Germany, Austria, Ukraine and Morocco.
With a global market share of over 34 per cent in 2018, Europe is expected to become the leading region in the automotive diagnostic scan tools market in the next few years. At the same time, the automotive diagnostic scan tools market and is estimated grow to a US$15 billion market size by 2025 – all of which adds up to a very positive diagnosis for those wishing to offer diagnostic servicing to consumers. With this in mind, Tyres Accessories analysed the latest market data in order to find the consensus of opinions relating to the future of the diagnostic tools market.