Tag: market share

Decennial shift in global PCLT tyre volume market share

Decennial shift in global PCLT tyre volume market share

29th November 2019 | 0 Comments

The latest global tyre market share figures from tyre industry analyst Astutus Research show how long-established, leading players headquartered in Japan, Europe, and North America have seen their volume share diminish, while Chinese, ASEAN, and selected other markets’ tyre manufacturers’ share has risen. The analyst states that in aggregate, the ten leading PCLT tyre manufacturers based in Japan, Europe and North America (J-E-NA) have lost almost 6 percentage points of market share since the end of 2011 (OE and replacement segments combined, volumes in tyre units). In part this reflects a strategic choice of some to focus on the higher value premium segments of the market.

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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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Nexen aiming for Global Top 10 by 2025

31st October 2017 | 0 Comments

With new factories in Europe and now also the US Nexen Tire is growing in terms of global production capacity. However, the firm is also investing in developing its brand, especially in terms of football sponsorship. Recently Tyres & Accessories looked into how the company is combining the two in order to meet its goal of entering the global top 10 by 2025. In 1976 Kettering Tyres paid local football club Kettering Town FC to print its logo on the front of the team shirt. The move caused ructions in what was then known as the first division and didn’t last long, but it did set a precedent for sponsorship that went to the next level this year. 41 years later, shirt sponsorship in the English Premier League (called Football League First Division back then), which brought in £226.5 million in sponsor revenues during the 2016-17 season, is very big business.

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Kumho aiming to re-take Chinese market share

27th April 2015 | 0 Comments

Kumho Tire is aiming to increase its sales in China by 30 per cent in 2015. According to online reports originally published by the Yonhap News, Kumho plans to re-take market share lost in the world's largest auto market.

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Comment: Roll on 2015

Comment: Roll on 2015

28th November 2014 | 0 Comments

As the evenings draw in and the temperatures drop, people not only make preparations for Christmas, but also consider the pros and cons of the last 12 months as well as look forward to next year. When it comes to the tyre business it is no different, I am sure we are all looking forward to our Christmas break – but this is also the season for stock-taking, both metaphorical and literal.

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Multistrada investing to increase capacity

15th July 2014 | 0 Comments

According to Pieter Tanuri, Indonesia’s PT Multistrada Arah Sarana aims to increase its domestic market share from 13 to 15 per cent in the next two or three years. The president director was quoted by The Jakarta Post as saying this two per cent rise would be achieved through increasing total production capacity to around 17 to 18 million tyres per annum over the next year. Currently, Multistrada produces ten million car tyres and six million motorcycle tyres.

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Interstate to show new products at Essen

24th April 2014 | 1 Comment

Interstate Tires, the premium budget tyre manufacturer has been an exhibitor at the Reifen show since 1996. At this year’s exhibition, Interstate will showcase its new, expanded range of products. With a product portfolio of more than 300 sizes of summer tyres and 280 unique sizes of winter, Interstate is now a true full line supplier.

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Buoyant motorcycle sales in March

17th April 2014 | 0 Comments

Figures from the Motor Cycle Industry Association reveal that sales were buoyant in March. “It is extremely positive to see that the motorcycle market was up by an impressive 18.2 per cent last month following February’s -3.6 per cent decline”, said Stephen Latham, Head of the National Motorcycle Dealers Association (NMDA) which represents motorcycle retailers across the UK.

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Federal aiming for 10% of Russian tyre market by 2019

26th March 2014 | 0 Comments

Taiwanese tyre maker Federal Tyres states it has “set its sights on ten per cent market share in Russia” and aims to double the number of wholesalers it works with there (currently nine in eight cities, including Moscow, St Petersburg and Ekaterinberg) every year for the next five years to help achieve this objective by 2019. The company has been present in the Russian market since 2004 and its products are available at over 10,000 retailers across the country. It has now launched a brand new website, www.federaltyresrussia.com, VKontakte page, vk.com/federaltyresrussia, and 2014 campaign slogan that capitalises on Federal’s sponsorship of Manchester United: “Awaken the Champion inside” (Пробуди в себе Чемпиона).

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Kurt Danielson appointed to lead Bridgestone’s US & Canada commercial tyre operations

21st March 2014 | 0 Comments

Ask Bridgestone Americas Tire Operations (BATO) who its new president of US & Canada Commercial Tire Sales is, and the answer you’ll receive will be Kurt. As in former president of Bridgestone Commercial Solutions, Kurt Danielson. In addition to this promotion, Danielson has also assumed the position of senior vice-president at Bridgestone Americas.

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Geneva launch for Apollo on-road SUV range

Geneva launch for Apollo on-road SUV range

4th March 2014 | 0 Comments

Apollo Tyres has selected the Geneva Motor Show as the backdrop for launching its latest on-road SUV high performance summer tyre. The Apterra H/P was developed at the company’s consumer tyre research and development centre in Enschede, The Netherlands and will be available in numerous international markets. The new addition to the tyre maker’s portfolio is being showcased at the Apollo pavilion in Hall 1, stand 1230.

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Hankook working towards 100% direct distribution in Australia

6th February 2014 | 0 Comments

By the middle of this year, Hankook Tyre Australia will distribute its products directly to retailers throughout the country. The company previously used a number of state-based distributors to supply the Australian market but began consolidating these operations some years ago. Now all regions aside from Western Australia are supplied directly from Hankook, and between now and 31 May 2014 Hankook Tyre Australia will “work closely” with local distributor Koast Tyre in this remaining market towards “a seamless transition” to direct distribution.

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BKT Europe appoints Roberto Locati OEM sales manager

BKT Europe appoints Roberto Locati OEM sales manager

17th January 2014 | 0 Comments

OTR tyre manufacturer BKT has appointed Roberto Locati as OEM sales manager at its European headquarters. The new role comprises the management of all aspects of tyre supply related business relations with the major manufacturers of machinery and equipment in European agricultural, industrial and earthmoving sectors. BKT says Locati will seek to create new business […]

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Sangkyu Lee is Kumho’s new European president

Sangkyu Lee is Kumho’s new European president

17th January 2014 | 0 Comments

New year, new leadership. At the start of January, Sangkyu Lee took over at Kumho Tire Europe GmbH as president of the Korean tyre maker’s European business.

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Kumho Tire tipped to exit workout programme this year

14th January 2014 | 0 Comments

Korea Investment & Securities anticipates that a continually improving financial position at Kumho Tire makes the company good value for investors. In comments published by English-language Korean ICT publication IT Times, analyst Kim Jin-woo said the tyre maker’s debt burden is falling rapidly, and he opines that this financial turnaround isn’t yet reflected in the current Kumho Tire share price. Kumho Tire thus has been given a “buy” recommendation by Korea Investment & Securities and the target share price has been set at KRW 16,000.

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