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You are here: Home1 / MARKET DATA

MARKET DATA

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Electric cars to be 33% of worldwide sales by 2031

International News

Electric vehicles are expected to account for more than 33 per cent of new car sales worldwide by 2031, according to new research compiled by GlobalData.

Electric vehicle (EV) sales have reached record numbers in recent years, with annual sales projected to increase ten-fold in the next 15 years, especially in China and Europe, due to favourable policies and auto manufacturer commitments, according to GlobalData.

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Related news:

  1. Global light vehicle market continues recovery
  2. Michelin predicts significant slowdown in car and truck tyre demand
  3. 21 million more electric vehicles expected worldwide by 2030
  4. Goodyear OE on Tesla Cyber Truck?
26th May 2022/by Peter Gardner

Is Britain really the 4th largest PCR tyre market in Europe?

International News
ETRMA

The overall trends illustrated by the most recent ETRMA tyre market data are undoubtedly useful to all parties, however some of the figures will raise eyebrows. For example, According to ETRMA’s full-year 2021 passenger car tyre data, Great Britain is the fourth-largest passenger car tyre market some way behind third-placed Italy. And is Turkey really Europe’s leading truck tyre business?

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Related news:

  1. ETRMA tyre sales up 2-3 per cent
  2. ETRMA: Tyre sales down slightly
  3. ETRMA: increased car demand lifted European premium tyre markets
  4. Tyre demand declining 15 to 26 per cent in 2020
20th January 2022/2 Comments/by Chris

Replacement tyre demand remains strong – ETRMA

International News, UK News

The latest European Tyre and Rubber Manufacturers’ Association (ETRMA) data suggest 2021 was “a positive year of recovery for the industry”, especially in the replacement sector. The biggest drop was in the Original Equipment (OE) consumer tyres segment (down 8 per cent) mainly due to the ongoing new vehicle chip shortage.

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Related news:

  1. Tyre unit sales stabilised amongst ETRMA members during Q3 2014
  2. Tyre demand declining 15 to 26 per cent in 2020
  3. MOTs worth £177 million a year in UK tyre sales
  4. European OE tyre sales down -18 to -23% in 2020 – ETRMA
20th January 2022/by Chris

4×4 and SUV tyre sales down 12 per cent

Premium, Product News, UK News
Dariusz Sankowski; Pixabay

For the last few years Sports Utility Vehicle (SUV) take-up has continued apace. Indeed, according to the latest UK vehicle registrations figures, cars that can be described as SUVs now occupy a significant portion of new vehicle market share. Indeed, the Nissan Qashqai crossover was the third most popular purchase in February 2021, according to the Society for Motor Manufacturers and Traders (SMMT). And the Volvo XC40 as well as the Volkswagen T-Roc and Tiguan also figure in the top 10. Of course, all these vehicles need tyres so there is every chance that the recent trend towards SUV tyre replacement sales is also going to continue over the next few years. But what about last year? With these trends in mind, the month’s SUV tyre feature takes a closer look the best products on the market beginning with a detailed look at the latest market data produced in association with GfK.

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Related news:

  1. The increasingly high-value UK tyre replacement market
  2. 4×4 tyre sales down 6%
  3. Some all-season 4×4 tyre sales growing despite lockdown
  4. SUV tyres continue to drive 4×4 tyre sales growth
24th March 2021/by Chris

Global retreaded tyre sales to hit $8.8 billion in 2021

International News, Retreading
C Technical; Pexels

Global retreaded tyre sales are expected to reach US$ 8.8 billion in 2021, according to research produced by ESOMAR-certified market research and consulting firm Future Market Insights. According to the new report entitled “Retread Tires Market”, the increase in average miles driven and growing vehicle parc will drive the tyre aftermarket, subsequently fuelling the demand for retreaded tyres.

Check out the Retreading Special supplement that ships with the March, June and September issues of Tyres & Accessories, which you can also read here as an e-paper, for more like this. Not yet a subscriber? No problem. You can change that here.

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Related news:

  1. Tire Industry Project published ELT report
  2. ETRMA data: Imports growing as retreading decline continues
  3. Global TBR market to reach $152.4 billion by 2027
  4. Why sensorisation means ADAS and ADAS means calibration equipment
22nd March 2021/by Chris

European OE tyre sales down -18 to -23% in 2020 – ETRMA

Company News, International News
ETRMA

The European Tyre and Rubber Manufacturers’ Association (ETRMA) published its members’ sales for the year 2020 as well as the last quarter of 2020, reporting that Covid 19 “strong affected” the market. The Original Equipment (OE) segments were said to have been “most strongly affected”, recording reductions of -23 per cent in the consumer tyre business and -18 per cent in truck tyres. That much is logical in light of the widespread closure of vehicle manufacturing under pandemic-related lockdown conditions across Europe during 2020.

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Related news:

  1. Tyre demand declining 15 to 26 per cent in 2020
  2. Looking forward to recovery – be it L, U or V-shaped
  3. Automakers have ‘no alternative but to shutter plants’
  4. Bridgestone EMIA resuming manufacturing
25th January 2021/by Chris

Tyre sales down, but not as much as feared – GfK

Company News, International News, Premium, UK News

5 November saw the inaugural virtual Tyre Industry Conference, with Tyres & Accessories bringing the traditional annual conference into the virtual arena due to Covid-19 restrictions. Produced in association with the NTDA and supported by Cam Systems, our expert panel was comprised of James Ward, senior insight manager, GfK; Andrea Manenti, VP north region, Bridgestone; and Pravesh Amtha, sales general manager Consumer UK&I, Goodyear. The wide-ranging 45-minute conversation covered a lot of bases, but the first session, which was designed to focus on the new tyre market’s recent trends and statistics began with a presentation from James Ward.

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Related news:

  1. Four out of five consumers changing tyre shopping behaviour
  2. 2018 UK truck tyre market data overview
  3. 4×4 tyre sales down 6%
  4. Goodyear’s European motorsport renaissance continues despite pandemic challenges
23rd November 2020/by Chris

Falken Tire takes pole position in 2020 global social media ranking

Company News, International News, Premium
Gerd Altman; Pixabay

As Tyres & Accessories annual global social media ranking enters its seventh edition, this year there is a new winner. Last year’s champion, Pirelli, has fallen two places to third position. At the same time, Sumitomo Rubber Industries’ Falken brand rose an impressive eight positions to take the top spot. And Pirelli wasn’t the only well-known name to downshift, with two other brands taking retrograde steps. At the same time, in a reflection of what has taken place in the UK-only ranking, the top 10 has a new entry, with previously 10th-ranked MRF being overtaken by another large Indian tyremaker.

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Related news:

  1. Michelin tops 2020 UK social media ranking, Davanti enters top 10
  2. Pirelli leading global social media tyre brand 2015
  3. Pirelli regains global social media crown
  4. Michelin takes global social media double
14th October 2020/by Chris

Online tyre prices went up as lockdown bit

Company News, International News, Premium
Peter Linforth; Pixabay

In October’s magazine, Tyres & Accessories takes a closer look at the latest developments in the multifaceted online tyre business. This article specifically looks at online tyre buying and pricing in conjunction with tyre pricing and selling-way data specialists Encircle Marketing. However, this is just one dimension in the online tyre business. In addition to online tyre retail, there is also the question of online marketing, an area in which social networks are playing an increasing important role (see separate article for further details). And on top of this, there is the electronic infrastructure necessary for the tyre business to participate – beginning with increasingly smart web sites and going onto integrated pricing and marketing tools.

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Related news:

  1. Tirescanner sales up 150% year-to-date
  2. Wide variation in prices achieved by different brands and platforms online
  3. Goodyear steps up tyre retail involvement with new UK digital platform
  4. Michelin tops 2020 UK social media ranking, Davanti enters top 10
14th October 2020/by Chris

Michelin tops 2020 UK social media ranking, Davanti enters top 10

International News, Premium, UK News
Photo Mix; Pixabay

For the fourth year in a row, Michelin can be found at the top of Tyres & Accessories’ 2020 UK social media ranking. Indeed, such is Michelin’s dominance in the annual table, only Goodyear (in 2012) and Dunlop (in 2016) have done enough to overtake the UK arm of the French tyre brand since our research began in 2011. In both cases, Michelin still managed to take second place.

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Related news:

  1. Michelin takes global social media double
  2. Falken Tire takes pole position in 2020 global social media ranking
  3. Cooper tops global social media ranking
  4. Pirelli leading global social media tyre brand 2015
14th October 2020/by Chris

How the increasingly online tyre business reacted before, during and after lockdown

Company News, UK News
Peter Linforth; Pixabay

On 3 September Amazon said it will create an extra 7,000 UK jobs this year to meet growing demand. Prior to this, the online retail giant had already added 3,000 roles in 2020. So, by the end of the year, it will have created a total of 10,000 new jobs. At the same time, the company has increased its involvement with the tyre market. While online tyre retail is about far more than Amazon, the news reflects increased demand both for online ordering in general and for online tyre sales in particular. But it is not just Amazon that has noticed this trend. Speaking during a webinar in June, GfK analysts highlighted how online tyre buying is increasing as a function of lockdown and the increased take-up of online shopping in general. Their thesis? More tyres will be sold online and the budget tyre sector will be the beneficiary.

Tyres & Accessories logoThis article, including three charts support the analysis, appears in full in the October edition of Tyres & Accessories. Not yet a subscriber? You can change that here.

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Related news:

  1. Encircle Marketing launches new website and reporting centre
  2. UK car drivers increasingly interested in all-season tyres
  3. UK social media ranking: Michelin continues to lead, but several changes and one new entry into top 10
  4. Martins Industries launches new tyre equipment web site
1st October 2020/by Chris

18 and 19-inch 4×4 tyres sizes experience price recovery

Premium, Product News, UK News
Encircle Marketing

4×4 tyre sales may have fallen due to the effects of coronavirus and lockdown, but prices in certain key sizes are actually higher than they were before those challenges presented themselves at the start of the year. Tyres & Accessories spoke to tyre market and pricing data experts Encircle Marketing in order to learn the details.

When you break the data down by size, a number of interesting trends are immediately identifiable. Firstly, there was a clear pre-lockdown price fall in February. The average price of a 255/55 R19 V tyre, for example, fell almost £6 from £138.10 to £132.86 between January and February. However, the average price of this size recovered to a point higher than the January starting point in March (£138.90).

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Related news:

  1. SUV tyre prices in the corona context: Channel makes more difference than brand
  2. UHP tyre prices recovering…
  3. All-season tyre prices continue to grow, winter prices flatten
  4. Some all-season 4×4 tyre sales growing despite lockdown
16th September 2020/by Chris

Some all-season 4×4 tyre sales growing despite lockdown

Product News, UK News
Dariusz Sakowski; Pixabay

The latest data might show that 4×4 replacement tyre sales are down 6 per cent, however Tyres & Accessories asked market analysts GfK how past trends compare with current realities and found: 4×4 tyres have been hit by the effects of the Covid-19 pandemic, but far less than most other segments. At the same time, the all-season 4×4 tyre sub-segment witnessed some examples of positive growth.

Read more

Related news:

  1. Tyre sell-out up 4% overall, value tyre sales growth outpaces premium 4:1
  2. SUV tyres continue to drive 4×4 tyre sales growth
  3. All-season tyre growth, especially for premium brands – GfK
  4. 18 and 19-inch 4×4 tyres sizes experience price recovery
15th September 2020/by Chris

4×4 tyre sales down 6%

Premium, UK News
Dariusz Sakowski; Pixabay

4×4 retail tyre sales have long been a growth area and the UK market constitutes one of the leading lights in Europe. More recent growth has been driven by similarly strong SUV vehicle sales as well as consumer switches towards all-season products. At the same time, more practical and off-road-orientated vehicles have also been supporting 4×4 tyre sales.

Tyres & Accessories logoThis article will appear in full in the September edition of Tyres & Accessories. Not yet a subscriber? You can change that here.

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Related news:

  1. The increasingly high-value UK tyre replacement market
  2. Tyre sell-out up 4% overall, value tyre sales growth outpaces premium 4:1
  3. Have the truck tyre import tariffs ‘worked’?
  4. Tyre sales down, but not as much as feared – GfK
7th September 2020/by Chris

Global light vehicle market continues recovery

International News, UK News

The global light vehicle market continued its post-corona recovery in June, market analysts report. Global light vehicle sales fell by 19.1 per cent in June, year-on-year, to 6.2 million for a seasonally adjusted annualised running rate (SAAR) of 73.1 million in the month, according to GlobalData.

Calum MacRae, Automotive Analyst at GlobalData, comments: “While these results are some way behind industry norms, they do demonstrate that the global market has recovered from its April low when a SAAR of 48.2 million was registered.”

Read more

Related news:

  1. ETRMA tyre sales up 2-3 per cent
  2. Nissan Sunderland plant uncertainties remind us of Brexit risks – GlobalData
  3. The year of disruption?
  4. NFDA, DWF, KPMG, Global Data and SMMT reactions to 2019 car registration figures
22nd July 2020/by Chris
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