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You are here: Home1 / market analysis

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Europe will overtake the US in the electric and hybrid cars market, says MarketLine

Market Info, Product News

The hybrid and electric cars market has seen strong growth globally as countries work to meet ambitious CO2 targets, rising at a compound annual growth rate (CAGR) of 12.6 per cent. Scandinavian countries such as Sweden will enjoy exceptional growth forecast growth of 27.9 per cent between 2016 and 2021, according to research firm MarketLine.

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  1. SMMT urges government to back new-tech diesel following market decline, uncertainty
  2. Behr Hella Service expands compressor range for hybrid and electric vehicles
  3. Bright future for collaborative technology the key message from Cenex-LCV2018
  4. Falken hybrid and electric vehicle tech on show at E-Mobility Days Munich
27th July 2017/by Andrew

The future’s bright for Poland’s electromobility market, says Frost & Sullivan

International News, Market Info

Poland’s electromobility market is ripe for growth. Favourable government initiatives such as the Electromobility Plan and Electromobility and Alternative Fuels Act are reshaping local mobility and igniting innovative clean technologies to achieve higher competitiveness and energy optimization. Growth will be augmented by consumer incentives and the simultaneous development of infrastructure, energy distribution, and product offerings. Players should look for opportunities in charging point infrastructure development, automotive supply chain transformation, and public transport modernisation to gain a competitive advantage.

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Related news:

  1. GfK: UK still amongst largest and fastest growing SUV tyre markets
  2. Europe will overtake the US in the electric and hybrid cars market, says MarketLine
  3. 21 million more electric vehicles expected worldwide by 2030
  4. European commission approves 3.2 billion euros of battery research support
28th June 2017/by Andrew

GfK: SUV sales drive UK tyre market post-Brexit

Premium, Product News, UK News

GfK reports that 2016 was a successful year for tyre manufacturers in the UK. This is said to have been driven by “the increasing number of SUVs on the road”, which naturally does its part to improve product mix. To be specific, according to GfK, 4×4 tyre sales leapt up 18 per cent in terms of units sold year-on-year. However, taking the year as a whole (including other passenger vehicle fitments), last year GfK’s Panel Market GB was flat.

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Related news:

  1. GfK: UK still amongst largest and fastest growing SUV tyre markets
  2. 4×4 SUV tyre sector value up 18 per cent
  3. UK amongst the largest 4×4 tyre markets in Europe
  4. Mid-range all-season tyres lead market growth
21st February 2017/by admin

Indonesia set to become main ASEAN automotive production hub, says report

International News, Market Info

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
10th March 2016/by Andrew

GfK: UK still amongst largest and fastest growing SUV tyre markets

International News, Premium, Product News

The UK is still one of the largest and fastest growing 4×4/SUV tyre markets in Europe. In fact, according to the latest data compiled by market research specialists GfK Automotive, the UK is the second largest in Europe with sales of 1.157 million 4×4 tyres in 2015. Speaking with GfK Automotive account director Kevin Glynn, Tyres & Accessories learnt that only Italy’s annual sales of 1.4 million 4×4 tyres last year was bigger.

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Related news:

  1. GfK: SUV sales drive UK tyre market post-Brexit
  2. 4×4 SUV tyre sector value up 18 per cent
  3. Event Tyres launching three new products at Autopromotec
  4. Dakar involvement bolsters Cooper’s 4×4 tyre strength
23rd February 2016/by admin

High growth forecast for carbon black market

Company News, International News

Two recent reports are predicting increased use of carbon black in different industries over the next few years. BCC Research forecasts in its new report that carbon black is expected to show a five-year compound annual growth rate (CAGR) of 4.2 per cent from 2014-2019, leading to a global market size of US$36 bln in the end year.

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  1. Strong export growth at Jiangxi Blackcat
  2. European Commission Awards LIFE-Environment Grant to Goodyear
  3. RockTron Seals Energy Deal in Malaysia
  4. Bridgestone exhibits ‘100% sustainable’ concept tyre
8th September 2015/by admin

ETRMA: increased car demand lifted European premium tyre markets

Company News, Premium

Increased demand for new car purchases has led to increased tyre demand across Europe, according to the latest data released by the European Tyre Manufacturer’s Association. The ETRMA statistics reveal that consumer OE tyre sales were up 12 per cent, while truck tyre OE was up a 21 per cent. The association linked this increase directly to new vehicle OE growth, which in the case of passenger cars, grew 14.6 per cent in the period.

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Related news:

  1. ETRMA tyre sales up 2-3 per cent
  2. Michelin European distribution centre launch ‘Dawning of a new era’ in Stoke
  3. Conti: UK market 35 million units
  4. Tyre demand declining 15 to 26 per cent in 2020
20th July 2015/by admin

West European trailer market starts 2015 well

Company News, International News

A new report suggests demand for heavy goods trailers in Western Europe was strong at the start of 2015. Registrations of new trailers are forecast to grow by 12.8 per cent in the first half and 4.7 per cent in the second, according to the research conducted by Clear International. Overall the market is expected to be stronger than anticipated six months ago.

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Related news:

  1. 2014 Eastern European trailer market flatlining
  2. German industry leads the West European trailer market recovery
  3. CV trailer market to grow 2% despite weak 1H
  4. East European trailer market stalls…again
17th June 2015/by admin

Giti: Rim sizes getting larger, and the UK is more ‘high-performance’ than many think

Legislation, Premium, Product News, UK News

Having heard both the consensus and a third party perspective on what the high performance tyre market is and what is happening in it, when Tyres & Accessories asked Neil Hendry, general manager – Passenger Car Tires, Europe for Giti Tire for his and Giti’s view, he offered another perspective again.

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Related news:

  1. An influx of imports is making the car tyre market even more competitive
  2. High performance tyre segment growing across Europe
  3. GT Radial presents 3-year development programme at European dealer event
  4. New GT Radial Savero SUV targets growing compact, medium sized market
19th May 2015/by admin

High performance tyre segment growing across Europe

International News, Premium, Product News, UK News

As we have seen, the high performance tyre market is a complex and competitive environment. The fact that most manufacturers define and therefore calculate the market in a slightly different way adds to the complexity. With this in mind, Tyres & Accessories asked GfK automotive account director Kevin Glynn for some outside insights into what is going on in the world of high performance tyres.

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Related news:

  1. Giti: Rim sizes getting larger, and the UK is more ‘high-performance’ than many think
  2. Tyre sell-out up 4% overall, value tyre sales growth outpaces premium 4:1
  3. Growth in every size segment from 17” up, but rapidly slowing
  4. Ultra high performance tyres – a premium market place?
19th May 2015/by admin

Size matters: The makings of a high performance tyre market

Premium, Product News, UK News

At the start of 2015 we examined the wider car tyre segment as part of Tyres & Accessories February’s “Passenger Car Tyre” feature. In short, we examined the spectrum of figures offered for the size of UK demand and found that most sources settle between 31 and 38 million units a year. Interestingly, some of the latest data points to the market being at the higher end of the spectrum – something that has not been very widely or openly acknowledged in the past.

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Related news:

  1. 4×4 or SUV tyre sector?
  2. Top tyre manufacturers deny involvement in tyre test manipulation
  3. Giti enters the top 10 of leading tyre manufacturers
  4. Full house of UK’s biggest CV tyre brands at CV Show 2015
18th May 2015/by admin

Connected cars to boost UK employment

Career Tracks, UK News

Research commissioned by the SMMT has found that the development of connected and autonomous vehicles will help generate 320,000 jobs in the UK. Researchers from KPMG found that these new vehicles will deliver a £51 billion boost to the UK economy and reduce serious road traffic accidents by more than 25,000 a year by 2030. It also forecasts the UK will be a global leader in the production of this next generation of vehicles.

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Related news:

  1. 21 million more electric vehicles expected worldwide by 2030
  2. UK in pole position in £62 billion self-driving car race
  3. Britishvolt appoints Charles Morgan to advisory board
  4. Korean demand for British-built cars up 476% since 2009
26th March 2015/by admin

Michelin: European tyre demand improving, emerging markets face headwinds

Company News, International News

Michelin’s February tyre demand data shows a sequential improvement in replacement demand in most markets. With China and Brazil being the only real exceptions, basically every other showed month-on-month increases – the first positive uptick months.

The situation in China however, is somewhat bleaker. According to the Michelin tyre demand data, Chinese passenger car tyre replacement demand dropped -13 per cent from growth of +18 per cent in January. “This is a worrying indicator for broader China consumer demand”, Morgan Stanley market analysts wrote in an investor’s note data 13 March 2015.

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Related news:

  1. Decade of Action gets underway – Michelin signs on
  2. Hyosung to Buy Goodyear Tyre Cord Plants
  3. European PCR, OE truck markets down in March
  4. Tyre markets – June 2013
16th March 2015/by admin

An influx of imports is making the car tyre market even more competitive

Market Info, Premium, Product News, UK News

On 27 January the UK economy registered growth of 2.6 per cent in 2014. Of course it has not been the same across Europe, but with record new car registrations in the UK and 32 consecutive months of growth in that figure, you could be forgiven for asking why the UK tyre market came out as flat according to both the sell-in and sell-out measurements in 2014. At the same time it is important to set all this into its wider European context, something which this month’s analysis of the passenger car tyre market attempts to embark on.

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Related news:

  1. 4×4 or SUV tyre sector?
  2. Size matters: The makings of a high performance tyre market
  3. Giti: Rim sizes getting larger, and the UK is more ‘high-performance’ than many think
  4. Michelin the number one consumer researched tyre brand: Tyre Reviews
6th February 2015/by admin

Looking up? Why there’s more room for tyre demand improvements

Premium, UK News

Our review of the year at the end of last year, pointed out how many sources had expected better times for the tyre retail market in 2014. Now as we move forward into 2015, Tyres & Accessories examines the current case for the demand recovery in the market. Many of the wider economic indicators point to broad economic recovery. At the same time pay is rising and inflation is levelling off at around 1 per cent, meaning household incomes should be rising. Furthermore fuel prices are lower than they have been for years. And of course, all this should lead to greater tyre sales volumes and even improved product mix. It is customary to be positive and even optimistic at this time of year, wishing everyone a happy new year etc, but the question remains with regard to our tyre market predictions – will it?

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Related news:

  1. Continental: UK car tyre market stable, getting larger and AFV fitments growing
  2. High performance tyre segment growing across Europe
  3. All-new policy?
  4. GfK: SUV sales drive UK tyre market post-Brexit
23rd December 2014/by admin
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