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What 2022’s most popular tyre industry stories tell us about the future

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Aron Visuals; Unsplash

Those that don’t learn from history are doomed to repeat it. The well-known saying might not be completely transferable to this column, but as we kick-start 2023 analysing the most popular stories on our Tyrepress.com website does help us understand what the major themes of last year were. And a closer look at those themes will reveal which issues are continuing into this year. January’s magazine focuses on the ever-resilient agricultural tyre sector (see Tyres & Accessories, January, page 36 onwards) as well as the latest developments in the TPMS and sensor technology segment (see page 20), but first let’s take a look at the biggest stories of 2022 as recorded online.

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2022 Asian Tyre Brand rankings revealed

Kumho Tire

The World Brand Lab has released the list of Asia’s 500 most influential brands in 2022. Tyrepress analysis shows seven brands related to tyres among those ranked, namely: Bridgestone, Hankook, Kumho, Doublestar Linglong, Sailun, and Sumitomo. The Sumitomo brand involves diversified industries, but its subsidiary Sumitomo Rubber is a world-renowned tyre manufacturer.

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  1. Decennial shift in global PCLT tyre volume market share
  2. Giti enters the top 10 of leading tyre manufacturers
  3. Triangle returns to China car tyre top 10, Michelin retains top spot
  4. Shifts in leading tyre manufacturer rankings, 2015-2019
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Michelin top, Conti moves up to 3rd – all change at the top of the 2021 Leading Tyre Companies table

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Andrea Piacquadio; Pexels

While the world is still adjusting to the repercussions of the Covid-19 pandemic, there has been no small measure of disruption in the standings of the world’s leading tyre manufacturers, according to our latest top 25 table. Six of the top 10 have changed places this time round, with the headline news being that Michelin has regained pole position after several years of having Bridgestone in first place. At the same time, Continental has stepped up into third position, leapfrogging the previous incumbent Goodyear.

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  1. Top tyre manufacturers deny involvement in tyre test manipulation
  2. Giti enters the top 10 of leading tyre manufacturers
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  4. Decennial shift in global PCLT tyre volume market share
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Goodyear to regain number 3 global PCLT tyre volumes ranking – Astutus Research

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With the addition of the Cooper Tire business, Goodyear will return to the global number three ranking in passenger car and light truck (PCLT) tyre volumes in 2021. After previously holding the clear number three ranking behind the world’s largest tyre manufacturers, Bridgestone and Michelin, Goodyear was joint third with Continental in both 2017 and 2018. In 2019, Goodyear fell behind Continental to fourth position in 2019 and 2020. Working on a pro forma basis combining original equipment and replacement market tyres, Astutus Research data reveals some interesting facts about the nascent conjoined organisation, with reference to their largest tyre business segment in terms of volume.

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Related news:

  1. Is Continental about to break into PCLT tyre global big 3?
  2. Goodyear set to buy Cooper Tire for US$2.5 billion
  3. The Goodyear/Cooper combination’s synergies; global headquarters to be in Akron
  4. Goodyear and Cooper shares up 30% after takeover news
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Is Continental about to break into PCLT tyre global big 3?

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A glance at the archives of Tyres & Accessories’ global tyre manufacturer rankings reveals that the ‘Big Three’ are quite stable fixtures at the top of the table. However, new analysis from Astutus Research suggests that the perennial fourth-placed Continental Tire could be about to break the stranglehold of Bridgestone, Michelin, and Goodyear in the passenger car and light truck tyre segment (PCLT). According to Astutus’s latest report, the German manufacturer appears to have closed the gap on Goodyear, and is set to jump up a place in the rankings.

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  1. Goodyear to regain number 3 global PCLT tyre volumes ranking – Astutus Research
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  4. Interview: Continental’s Tires head Christian Kötz on tyres, sensors and sustainability
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Premium tyremakers continue to lead global top 20

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Global premium tyremakers continue to lead Tyres & Accessories annual ranking of the leading tyre manufacturers. Owing to the fact that all five of the top five firms have remained stable in their positions, it is difficult to view the chart very differently. Indeed, stability is the order of the day on this year’s table, with 12 of the 20 keep the same positions as last year.

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  1. 2015 tyre manufacturer rankings: Stability at the top?
  2. Doublestar the only bidder left to buy Kumho
  3. Apollo Tyres opens €475 million greenfield Hungarian plant
  4. Linglong to become first Chinese global Top 10 car tyre manufacturer by 2019 – analyst
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2015 tyre manufacturer rankings: Stability at the top?

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Today we at Tyres & Accessories published our annual ranking of global tyre manufacturers on our tyrepress.com website. As always, this yearly survey takes the turnover of the industry’s leading players into account and also provides information on operating profit/EBIT(DA) and annual net income.

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  1. Giti enters the top 10 of leading tyre manufacturers
  2. Kumho takeover implosion isn’t the end of market consolidation attempts
  3. Zhongce Rubber enters global top ten tyre manufacturers
  4. 4×4 or SUV tyre sector?
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