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Tyres behind 13% of MOT failures in 3Q 2022

New analysis of DVSA MOT test data shows that faulty tyres accounted for 13 per cent of failures between July and September 2022. Of all failures, 27 per cent are “dangerous”. Previous analyses of MOT failure data have found that tyres account for between 8 per cent and 22 of all MOT failures. And therefore the latest figures represent long-term median tyre-related failure rates. Since industry sources generally agree that MOTs generate around 20 per cent of total annual UK tyre replacement sales, however you count it, MOTs have a significant impact on tyre maintenance and therefore road safety.

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Related news:

  1. IAAF backs ProMOTe campaign
  2. Brake Engineering applauds decision to maintain MOT frequency
  3. MOT-based tyre demand holds fast in 2020
  4. 1 million additional MOTs expected in 2022
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21 million more electric vehicles expected worldwide by 2030

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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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Global carbon black market to grow 5.6% CAGR by 2023

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

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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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Global brake market to reach $31.11 billion by 2025

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

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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
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Consumer trends influence the automotive sector

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

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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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European tyre e-tail worth 5.47 billion euros by 2021

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

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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Connected cars to boost UK employment

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

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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Urbanising Kuwait fuels continued imported passenger car tyre demand

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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  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
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November sales key to unlocking UK winter tyre sales trends

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

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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