Tag: MARKET DATA

Why sensorisation means ADAS and ADAS means calibration equipment

Why sensorisation means ADAS and ADAS means calibration equipment

13th December 2019 | 0 Comments

As the road to autonomy continues, companies such as Tesla, Uber, Ford, and Toyota are putting an increased emphasis on reaching the ultimate goal of ‘Level 5’ autonomous vehicle operation. With self-driving cars becoming closer to reality, advanced driver assistance systems (ADAS) are rapidly becoming commonplace in modern cars. Today, an increasing number of vehicles are equipped with ADAS, featuring collision avoidance, autonomous braking in emergencies, cruise control, and self-parking. Moreover, several safety organizations are lobbying governments to mandate at least two types of ADAS in all new vehicles. As of 2022, new safety technologies such as advanced emergency braking systems (AEBS) and forward collisions warning systems (FCWS) will become mandatory in vehicles in the US and Europe. With this in mind and following the publication of “ADAS Calibration Equipment Market” by Future Market Insights, Tyres & Accessories got in contact with one of the report’s writers, Alice Ajit Mutum, in order to find out more. According to her Future Market Insights biography, Mutum is an experienced market research writer and has written extensively on the industrial automation and equipment, and automotive domains.

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Tire Industry Project published ELT report

Tire Industry Project published ELT report

5th December 2019 | 0 Comments

On 4 December 2019 the Tire Industry Project (TIP) published its 2019 report on the global End-of-Life Tyre (ELT) business.

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Global CCD wheel alignment business to grow 4.2% CAGR 2017-2026

Global CCD wheel alignment business to grow 4.2% CAGR 2017-2026

18th October 2019 | 0 Comments

New research suggests that the volume of sales of Charged Coupled Device (CCD) wheel aligners will “remain robust” in the decade between 2017 and 2026. Specifically, the Fact MR report states that the Global CCD Wheel alignment business will grow at a Compound Annual Growth Rate (CAGR) of 4.2 per cent in the period between 2017 and 2026. To put this into context, another report published by Verified, suggests that the global automotive wheel alignment system market was valued at $388.6 Million in 2018 and is projected to grow at a CAGR of 4.47 per cent to reach $481.4 Million by 2026.

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East European trailer demand downgraded due to Turkey instability

18th October 2019 | 0 Comments

Demand for trailers grew by 4.4 per cent in Eastern Europe in 2018, according to the latest research released by Clear. The market has grown every year for the last six years, but that growth has been quite moderate.  Nevertheless, trailer sales in 2018 were the third highest on record, only surpassed in 2007 and 2008.  The forecast for 2023 is that registrations of new trailers will be heading towards an all-time record.

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Sales of zinc and steel balancing weights set to grow

28th August 2019 | 0 Comments

The latest report on the wheel balancing weights market by Persistence Research values the market at US$ 420 million in 2018. According to the report, it is anticipated to reach a value of US$ 750 million by the end of 2029, influenced by the cyclic trend of the automotive industry and new product launches. The wheel balancing weights market is expected to grow at a moderate compound annual growth rate (CAGR) of 6 per cent during the period.

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4×4 and SUV product mix shifting towards budget tyres

4×4 and SUV product mix shifting towards budget tyres

27th August 2019 | 0 Comments

Larger capacity, increased comfort in the cabin and multi-terrain capabilities are just some of the reasons why motorists are continuing to choose SUVs when purchasing a new vehicle. Indeed, SUVs and crossovers currently account for a third of the UK’s best-selling cars list of 2019 to date, with offerings from Nissan, Ford and Kia among the biggest sellers.

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Tyre dominance in overall aftermarket beginning to diminish

Tyre dominance in overall aftermarket beginning to diminish

2nd July 2019 | 0 Comments

The value of the United Kingdom (UK) automotive aftermarket grew by 4.9 per cent during the course of 2018. According to MarketLine, which produces its data in US-dollars across all markets worldwide, this means the UK automotive aftermarket was and is worth $28.5 billion (£22.53 billion) a year. However, the same research suggests that the value of the UK automotive aftermarket sector is increasing and in 2023 is forecast to be worth $34.4 billion (£27.2 billion), up 20.7 per cent compared with 2018.

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SUV tyres continue to drive 4×4 tyre sales growth

SUV tyres continue to drive 4×4 tyre sales growth

1st March 2019 | 0 Comments

Sales of SUV tyres continue to drive growth in the UK 4x4 tyre replacement market, with UHP-orientated tyres growing even faster. According to the latest data provided by market analysts GfK, these trends have come while there have been no clear changes in the market’s brand segmentation, which suggests product mix and volume growth must be behind the improvement.

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ETRMA: Truck tyre replacement sales up 9 per cent

ETRMA: Truck tyre replacement sales up 9 per cent

24th January 2019 | 0 Comments

The latest ETRMA data shows that the performance of the industry is generally stable and followed expectations, with a very positive evolution for truck tyre replacement (+9 per cent). Agricultural tyre sales performed poorly for the fifth year in a row (-4 per cent). As for the last quarter of 2018, all tyre segments showed […]

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The increasingly high-value UK tyre replacement market

The increasingly high-value UK tyre replacement market

7th December 2018 | 0 Comments

4x4/SUV and UHP markets continued to grow in 2018 As part of our review of 2018, Tyres & Accessories asked market research specialists to give an overview of some of the key trends that have taken place in the UK car, 4x4 and light truck replacement tyre market trends during the course of the year. In doing so, we have a good foundation for looking forward into 2019 and beyond. What we found was that UK tyre replacement market is increasingly high-performance and increasingly high-value. GfK’s Panelmarket data compares the period between November 2016 and October 2017 with November 2017 to October 2018. Reading left to right, the infographic below shows the percentage share of the panelmarket broken down by vehicle type (passenger car, 4x4 including SUV and light commercial vehicle); key changes in the panelmarket during the last 12 months broken down by rim diameter; brand tier split; and the two five tyre sizes.

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Dundee closure ‘supports Michelin’s intent to accelerate cost savings’ – analyst report

Dundee closure ‘supports Michelin’s intent to accelerate cost savings’ – analyst report

6th November 2018 | 0 Comments

An analyst report published by Jefferies International Limited has stated that the closure of Michelin’s Dundee plant “supports [the company’s] intent to accelerate cost savings during 2019-20.” Presenting its nine-month 2018 results in October, Michelin warned that demand had deflated in the car and truck markets and it was revising down its guidance; subsequently Michelin shares fell to a seven-year low.

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Michelin predicts significant slowdown in car and truck tyre demand

Michelin predicts significant slowdown in car and truck tyre demand

19th October 2018 | 0 Comments

While presenting its nine-month 2018 results, Michelin has predicted a significant slowdown in passenger and truck tyre market conditions in the second half of the year. However, the well-known tyre manufacturer also predicted “sustained growth” in the speciality sector, which consists of OTR, two-wheel, aircraft and agricultural tyres.

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Run-flats set for “huge growth” by 2023

15th October 2018 | 0 Comments

HTF MI has released a new market study on run-flats. The research study, which provides forecasts the size of the run-flat sector till 2025, suggest Bridgestone, Michelin, Goodyear, Continental, Pirelli, Hankook, Sumitomo Rubber, Yokohama, Giti, Kumho and Cheng Shin Rubber are key players.

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DriveRightData offering tyre-connected car parc data

22nd August 2018 | 0 Comments

DriveRightData is promoting its parc data as “the ultimate forecasting tool for the tyre professional”. According to the company, the strength of its system is that it matches “accurate and comprehensive reports on the number of vehicles in a territory…to DriveRightData’s unique tyre information”. Available in 77 countries and collated from national registration databases, the combination is only said to be supplied by DriveRightData.

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All-season tyre prices continue to grow, winter prices flatten

All-season tyre prices continue to grow, winter prices flatten

31st July 2018 | 0 Comments

Earlier research based on point of sales system-based sell-out data shows that mid-range all-season tyres are leading market growth, followed by premium tyres (see “Mid-range all-season tyres lead market growth” for more on this). At the same time 4x4 and SUV tyres specifically appear to be driving growth. Both facts point to the hypothesis that market growth is being driven by high-value products, which makes both all-season tyres in general and SUV/4x4 all-season tyres in particular attractive parts of the tyre business to engage in. But what evidence is there that this thesis is supported by sell-out pricing?

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