Martins Announces Canuck Tire Puck

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Martins Industries has announced a new tire/wheel trolley to their roster of tire equipment. Dubbed the Canuck Tire Puck (#MCTP) due to its Canadian origins and resemblance to the iconic ice hockey puck, the new trolley helps to prevent common workplace injuries and accidents by reducing the need for labor-intensive tire handling.

Read the source article at Tire Review

Consumer and retail trends driving growth of tire market e-commerce

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E-commerce has been a key business disruptor across all industries and is forcing change, innovation and growth in the tire market. Still relatively new to the business-to-consumer replacement tire market, online tire sales sites have become significant for consumer research into tire types, attributes, reviews, pricing and availability. This trend and the expansion of e-commerce in general are leading to growth in online sales of tires, according to a new Smithers Rapra report, The Future of E-commerce for Tire Markets to 2023. (TRAC Members receive 15 per cent discount).

Across major tire market segments and geographic regions, the number of B2C replacement tires purchased online is estimated by Smithers Rapra at nearly 100 million units in 2018, or about 6.5% of the global market. This is expected to rise by an average of almost 19% per year to over 236 million in 2023, when the share will be nearly 13%.

 

E-commerce tire sales channel market 2015-23, by volume (million units)

 

Source: Smithers Rapra

 

Value growth will be somewhat higher, at 19.7% per year CAGR, from $7.1 billion in 2018 to $17.3 billion in 2023, faster than unit growth and reflecting modest price increases. While a degree of price competition within the online channel and versus offline retail will continue, the convergence of online and offline channels and the increasing importance of user experience relative to price will support higher prices in the channel over time.

End-use applications

Reflecting the numbers of vehicles in use, rates of tire replacement and rates of e-commerce penetration, the passenger car and light truck (light vehicles) segment is by far the largest, at 81% of volume in 2018, followed by motorcycles (12%) and then medium and heavy trucks and buses (7%). Light vehicles have been and remain dominant in absolute value and volume terms. In unit terms, motorcycles are a distant second, but in value terms, medium- and heavy duty trucks and buses are the next most important, although a much smaller segment.

Trends driving e-commerce tire sales

 

Consumer behaviour

Consumer preferences are ultimately the main market drivers for tire e-commerce with technology and retail developments enabling the change. Consumer behaviour and retail trends behind the uptake of e-commerce in tires include price sensitivity, reduced brand loyalty, time sensitivity and, increasingly, a desire for an omni-channel, which blends features of online and offline channels (already the case to some extent due to tire installation requirements).

Fitment proliferation

Fitment proliferation, the increasing number of available tire sizes, is also contributing to the growth of tires sales via the internet. This has been driven in part by the increase in rim diameters and the greater use of high-performance tires as OEM fitments, which is putting a strain on physical showroom and inventory space. E-commerce options help retailers and customers alike with education and availability. 

Growing economies and emerging markets

General economic and demographic growth serve as top drivers for tire e-commerce. B2C replacement tire e-commerce was initially a phenomenon of developed markets, led by Western Europe, followed by the US, which still enjoy the highest penetration rates. However, Asia-Pacific has already become the largest in unit terms and is on track to pass Europe in value terms during the forecast period, due to its large population and rapidly growing tire market (mostly motorcycle tires). Greater internet penetration and e-commerce readiness in developing markets are fueling the expansion of online tire sales. Very rapid growth will come from Eastern European countries and emerging economies such as China, India and Brazil, where levels of e-commerce penetration and vehicle density are comparatively low and growing.

For more information on the Smithers Rapra market report The Future of E-commerce for Tire Markets, visit https://www.smithersrapra.com/market-reports/tire-industry-market-reports/the-future-of-e-commerce-for-tire-markets-to-2023

Bridgestone Americas Announces New Executive Hires for Procurement, Enterprise Project Management

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Bridgestone Americas, Inc. announced new senior hires to lead business functions and better enable the company’s growth, Bridgestone says.

Rebecca Vest has joined the company as senior vice president, procurement and strategic sourcing partnerships, and Andrea Arrowsmith joins the tiremaker as its vice president of transformation initiatives and enterprise project management office (EPMO).

Read the source article at Tire Review

Nexen Tires wins Good Design Award for Winguard Sport 2 tire

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Nexen Tire announced that the Winguard Sport 2 received an award at the ‘Good Design Awards 2018.’

The awarded Winguard Sport 2 is a premium ultra-high performance alpine/studless Passenger Car Radial (PCR) tire that provides the optimal driving experience in the snow with a winter reindeer and ski plate as its motif. It has been evaluated as a premium winter tire for its excellent grip and stable performance in the snow with its unique 3D winter kerf and zigzag groove.

Read the source article at Traction News

Early snowfall leads to early rush, Winnipeg drivers prepare for winter

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It’s been a busy week at Rudy’s Auto Service on Erin Street in Winnipeg.

Since Wednesday’s snowfall, dozens of drivers have come in wanting to swap their all-seasons for winter tires.

“Easily 20-30 phone calls the first day,” owner Rudy Epp said.

Read the source article at Global News

Titan International Makes Pink Farm Tires for Ride to a Cure Event

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In honor of breast cancer awareness month, tire manufacturer Titan International (maker of Goodyear Farm Tires) will host the 4th Ride to a Cure event this Saturday at Water Works Park in Des Moines, Iowa

The free, family-friendly event is open to the public with 100% of proceeds going to John Stoddard Cancer Center in central Iowa.

Titan will host a hayrack ride, pumpkin painting and a car show. The Iowa Speedway Official Pace Car will also be on site.

Read the source article at Tire Review

Nexen Tire Launches ‘American Muscle For American Heroes’ Program

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Nexen Tire America has announced “American Muscle for American Heroes” – an all-new program designed to honor a well-deserving veteran who has been wounded in combat and awarded the Purple Heart Medal.

Nexen Tire partnered with the highly respected Purple Heart Foundation to help select a Purple Heart recipient to receive an iconic American muscle car – a custom Nexen Tire Purple Heart Dodge Challenger.

Read the source article at Aftermarket News

Hankook Tire positions itself at 2018 IAA

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Presenting itself as a global, top-tier truck tire manufacturer, Hankook Tire has started preparations for this year’s 67th IAA Commercial Vehicles show, taking place in Hanover, Germany between September 20th and 27th.

Hankook will be premiering a new tire line-up for mild on- and off-road use. These tires are engineered for ultimate steering, driving, trailer axle. In an outdoor exhibition area, the company will be highlighting further brand activities.

Read the source article at Autosphere.ca

Yokohama Partnering with Tribology Laboratory to Study Friction in Icy Conditions

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Yokohama Rubber Co., Ltd., is working with the Tribology Laboratory headed by Associate Professor Iwai of the College of Science and Engineering at Kanazawa University, to develop technology to visualize rubber’s frictional state of contact on an icy surface. The new evaluation technology will enable the discovery of new compounding agents with excellent water absorbency and facilitate more precise development of tread patterns that deliver higher drainage performance.

Read the source article at Tire Review

Pirelli revamps cyber fleet management systems

HANOVER, Germany — Pirelli & C. S.p.A. has revamped its Cyber Fleet solution, the digital system dedicated to monitoring and managing fleets, and is displaying the new products at the Hanover IAA Commercial Vehicles show, which runs through Sept. 27.

Read the source article at Tire Business