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You are here: Home1 / Market research

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21 million more electric vehicles expected worldwide by 2030

International News, UK News

Deloitte’s latest electric vehicle (EV) research shows the pace of global EV adoption, rising from two million units in 2018, to four million in 2020, 12 million in 2025, before rising to 21 million in 2030. By 2030, Battery Electric Vehicles (BEVs) will significantly outperform the rest of the EV market, accounting for 70 per cent of total EV sales.

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Related news:

  1. Connected cars to boost UK employment
  2. Jaguar files electric car patents
  3. Horiba Mira and Coventry University launch Autonomous Vehicle research centre
  4. Maxxis gets huge e.GO boost with European partnership
22nd January 2019/by Chris

Global carbon black market to grow 5.6% CAGR by 2023

International News, Product News

The future of the global carbon black market looks good with the market expected to reach an estimated US$20.2 billion by 2023. This means that during the period between 2018 and 2023 the market will grow at a Compound Annual Growth Rate (CAGR) of 5.6 per cent.

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Related news:

  1. Birla increasing carbon black prices
  2. Tokai Carbon raises carbon black price
  3. China Synthetic Rubber considering India location
  4. Birla Carbon North America increases prices
25th June 2018/by Chris

Global automatic tyre inflation system market will be worth US$2.7 billion by 2027

Company News, International News

Automatic tyre inflation systems is set to become a multi-billion dollar global industry during the course of the next decade. According to a report produced by Future Market Insights, the market is anticipated to reach revenue of over US$1.500 billion in 2017 and grow at a steady compound annual growth rate (CAGR) of 5.6 per cent during the 10 year period between 2017 and 2027. The forecast predicts the market to reach a revenue of over $2.7 billion by the end of the forecast period in 2027.

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Related news:

  1. Continental recommends global OEMs adopt direct TPMS technology
  2. Do markets dream of electric cars?
  3. BH Sens introducing universal truck TPMS in Bologna
  4. BPW offers AirSave tyre pressure system
13th November 2017/by Tyrepress Editors

Global brake market to reach $31.11 billion by 2025

International News

The global automotive brake systems market is expected to be worth US$ 31.11 billion by 2025, according to a new study by Grand View Research, Inc. This is said to be being driven by rising vehicle production and sales and growing disposable income.

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Related news:

  1. Brembo OE on Polestar 2
  2. IAAF: Kia guilty verdict a major victory for aftermarket’
  3. Meritor names Chris Villavarayan as EVP and COO
  4. Zinc alloy car parts “more sustainable”
6th November 2017/by Tyrepress Editors

Long-term trend shows winter tyres receding, all-season rising in UK

Market Info, Premium, Product News, UK News

The viability of a sustained winter tyre market in the UK has long been categorised as doubtful, with sales rarely climbing to 2 per cent. Meanwhile recent improvements in tyre technology and the introduction of products looking to change their perception, led by the Michelin CrossClimate’s success in the fleet market, have seen all-season tyres become an increasingly attractive proposition.

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Related news:

  1. All-season tyre growth, especially for premium brands – GfK
  2. Apollo Tyres building UK dealer network at ‘iconic venue’ events
  3. Mid-range all-season tyres lead market growth
  4. Aeolus premieres 4Seasonace at Reifen 2014
15th August 2017/by Andrew

Consumer trends influence the automotive sector

Company News, UK News

Recent research suggests ever-rising expectations, social influence, and retailers striving to engage consumers with attractive offers, continue to sway customers. Such influence has not escaped the motor industry and recent years have seen major changes in the way consumers purchase a vehicle.

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Related news:

  1. Connected cars to boost UK employment
  2. Global automatic tyre inflation system market will be worth US$2.7 billion by 2027
  3. 21 million more electric vehicles expected worldwide by 2030
  4. Global brake market to reach $31.11 billion by 2025
16th January 2017/by Tyrepress Editors

‘One in four cars will be electric by 2040’ says report

Product News, UK News

Electric cars will be a cheaper option than conventional cars within six years, according to a new report published by Bloomberg New Energy Finance (BNEF). It also predicted that one quarter of all cars will be electric by 2040, slashing global oil consumption by 14 per cent.

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Related news:

  1. Connected cars to boost UK employment
  2. 21 million more electric vehicles expected worldwide by 2030
  3. Engineers respond to driverless shuttle bus launch
  4. Chargemaster powers up Cenex-LCV2018 with exhibitor and visitor charging
5th April 2016/by Tyrepress Editors

European tyre e-tail worth 5.47 billion euros by 2021

Company News, International News, Premium, UK News

Automotive tyre manufacturers in Europe are focussing on electronic retailing (e-tail) to serve increasing customer preference for convenience and low prices, according to a new report published by Frost & Sullivan. Currently, tyre e-tail accounts for nearly eight per cent of the total tyre aftermarket in Europe. The report concludes that this figure will continue to rise as tyre manufacturers recognise the potential to access global markets through e-tail and invest in online sales and marketing tools to meet their growth objectives. Here Tyres & Accessories engages with the Frost & Sullivan data in order to better understand and begin to apply it to the current market context.

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Related news:

  1. UK drivers spend £21.1 billion on service and repair (including tyres) every year
  2. Micheldever’s TyreClick to support independents’ online competitiveness
  3. Goodyear steps up tyre retail involvement with new UK digital platform
  4. Michelin returns to the top of online brand ranking
21st September 2015/by Tyrepress Editors

9th Rubber & Tire Markets Summit focuses on Asian market trends

International News

Indonesia’s national annual tyre production currently exceeds 75 million units, with the Jakarta post suggesting there is room for more. With this in mind, the 9th Rubber & Tire Markets will take place in Jakarta, Indonesia between 19 and 20 August 2015, with a line-up pitched at those tyre manufacturers seeking growth in Asian markets.

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Related news:

  1. Maxxis supporting $400M plant investment at Indonesia tyre expo
  2. 35,000 visitors expected at Tyre & Rubber Indonesia
  3. MRF exhibiting at Tyre & Rubber Indonesia 2017
  4. Koelnmesse: Most major tyre and wheel manufacturers investing in The Tire Cologne
1st July 2015/1 Comment/by Tyrepress Editors

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 Tyrepress Editors

Lack of confidence in garage professionals to blame for motorists driving defective cars says IMI

UK News

Road safety charity, Brake and Direct Line have released data on drivers’ attitudes when it comes to vehicle safety checks and basic maintenance. Almost half of respondents admitted to driving with at least one risky vehicle problem or defect. The IMI, the professional body for the motor industry which is campaigning for the licensing of the retail motor trade, believes fears of being over-charged or given poor service by garages are probably contributing to motorists’ attitudes.

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Related news:

  1. Survey highlights overtaking risk on rural roads
  2. Dangers of driving after dark
  3. Patience is a road safety virtue, Venson research reveals
  4. Keep your eyes on the road – Goodyear supports Direct Line survey findings
26th January 2015/by Andrew

Urbanising Kuwait fuels continued imported passenger car tyre demand

International News

Kuwait’s high rate of urbanisation and purchasing power will lead to continued opportunities for imported passenger car tyres, a new report on the country’s automotive segment has revealed. With about 95 per cent of the country’s population residing in urban areas, and private car demand rising, imported PCR tyres have led tyre demand, though the TechSci Research report also suggests that commercial vehicle demand could follow increased mining and oil drilling investments.

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Related news:

  1. EU Passenger Car Tyre Sales up 12 per cent
  2. New Michelin Pilot Sport 3 Tyre Aims to Take Driving Enjoyment up a Gear
  3. Michelin 2010 market recovery ‘much stronger than envisioned’ – Senard
  4. Dmack to launch PCR, TBR tyre range through regional partners
26th March 2014/by Andrew

November sales key to unlocking UK winter tyre sales trends

Premium, UK News

When it comes to analysing trends in the comparatively unpredictable UK winter tyre market, November unit sales figures are a key indicator of what is going on in the season. The latest figures aren’t out just yet, but GfK’s Kevin Glynn talked Tyres & Accessories through the thinking behind the leading market research company’s analysis.

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Related news:

  1. Aftermarket Show Review: Toyo
  2. Italy’s first conference on remanufacturing
  3. New Pirelli aftermarket tyre for North America
  4. Production begins at Conti’s Kaluga plant
19th December 2013/by Tyrepress Editors

Report: South Korea to grow 5% CAGR from 2013 – 2018

International News

Analysts at TechSci Research have published a new report highlighting the growth potential of the South Korean tyre market. According to the report entitled “South Korea Tyre Market Forecast & Opportunities, 2018”, the tyre market in South Korea is expected to grow at the compound annual growth rate (CAGR) of 5 per cent between 2013 and 2018 in terms of sales revenue.

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Related news:

  1. Back in REACH – Zafco responds to ETRMA result
  2. Cabot Chemicals Announces Closures and Layoffs
  3. Kramer praises loss-making Goodyear for ‘improvement across all businesses’
  4. Goodyear Q2 results 'another step on the path towards 2013 targets'
29th November 2013/by Tyrepress Editors

UHP segment where ‘the vast majority of the action takes place’ – GfK

News, UK News

The observation that trends regarding tyre size and speed rating have been tracing an upward trajectory for some time is nothing new, but the clear focus of the world’s largest tyre manufacturers on higher than high performance segments in Europe has perhaps never been so pronounced. Chasing improved profit margins with increased technology is always attractive to those with the capability and the incongruously strong luxury car market has provided an additional reason for migrating business focus from V-rated and 17” tyres into WYZ and 18”-plus territory, according to Automotive market research company GfK.

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Related news:

  1. Varta Does Well In Awareness Survey
  2. GfK: UK automotive could face manufacturing and sales problems post-Brexit
  3. Report calls for mandatory fitting of automatic alert systems
  4. 60 new Apollo Vredestein specialists in the UK by next year
26th June 2013/12,345 Comments/by Chris
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