Hankook presents new ultra-high-performance tire

Hankook Tire has launched its new ultra high-performance tire, the Ventus S1 evo 3, for passenger cars and SUVs.

Designed to give a sporty but comfortable ride in both dry and wet conditions, the tread of the tire incorporates innovative new materials, including high-performance natural resins, which increase grip levels. The high-grip, full-silica compound is processed using a special mixing technology, which ensures better distribution of the polymers and the filler material.

Read the source article at Tire Technology International

Hankook chosen as exclusive tire supplier of F4, F3 Championship

Hankook Tire announced it was chosen as the exclusive tire supplier of Formula 4 U.S. and F3 Americas Championship ladder starting in 2019.

“We are extremely pleased to bring Hankook Tire on board for the F4 United States Championship and the F3 Americas Championship,” said SCCA Pro Racing Vice President Steve Oseth.

Read the source article at Traction News

Sidewall decals offered to customize BFGoodrich tires

curata__tHQkCzTpFXEpJpu.jpeg

GREENVILLE, S.C. — Michelin North America Inc. has partnered with Tire Stickers L.L.C., a supplier of tire sidewall decals, to offer decals for five BFGoodrich tire lines.

In business since 2007, Tire Stickers produces sidewall decals for vehicle owners who want to customize the look of their tires.

Read the source article at Tire Business

Pirelli supports Alfa Romeo Driving Academy event

Pirelli and Alfa Romeo recently underscored their commitment to their technical partnership at an Alfa Romeo Driving Academy event, which was held at FCA Group’s Balocco test track in Italy. Many Pirelli tires have been developed at the facility for the car maker’s vehicles.

Read the source article at Tire Technology International

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

curata__IjMRRdxK2bzBjja.jpeg

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

Yokohama Adds ‘Official Tire For The Nitro Rallycross’ To Its List Of Titles

curata__ru3GaF1mi3WhgWe.jpeg

Yokohama’s ADVAN A054 has been named the is the official tire for Nitro Rallycross (NRX), a new adrenaline-fueled event at the third annual Nitro World Games, taking place Sept. 22-23 at Utah Motorsports Campus near Salt Lake City.

NRX utilizes an all-new track layout that will feature some of the world’s best drivers battling for the top spot on a challenging, purpose-built track.

Read the source article at Aftermarket News

Hankook Tire Introduces Second-Generation Electric Vehicle Tire

curata__5AEKK9N81JKlupk.png

Hankook Tire Corp. introduced its second-generation electric vehicle tire, the Kinergy AS EV, which features strengthened handling and noise-reducing capabilities optimized for today’s electric vehicles.

Compared to internal combustion engine vehicles, electric vehicles have lower engine noise, higher initial acceleration and bodies that are 10 to 20% heavier, Hankook says.

Read the source article at Tire Review

General Tire’s New G-MAX Justice Is its First Tire for Police Vehicles

curata__Tm1HILqOAevQxbo.jpeg

General Tire is introducing its latest tire into the G-MAX family of ultra-high performance (UHP) tires, the new G-Max Justice.

Designed for law enforcement fleets and high-speed pursuit applications, the G-Max Justice provides a durable tire with technologies that offer precise handling, all-season traction and a longer tread life, General Tire says.

Read the source article at Tire Review

Welcome Toyo Tires New Proxes Sport Max Performance Summer Tire to the U.S. Market

curata__eDMV1JjbPQjP26R.png

Toyo Tire U.S.A. Corp.has launched the all-new Proxes Sport max performance summer tire, now available in the United States.

The Proxes Sport creates a greater connection to the road with improved contact, improved grip and improved handling, Toyo says. The combination of proprietary Nano Balance Technology with a unique tread design delivers these enhancements in wet and dry conditions.

Read the source article at Tire Review

Global Ultra High Performance (UHP) Tire Market to 2023: Analysis by Vehicle Type, Tire Type, Demand Category, and Region

Dublin, July 30, 2018 (GLOBE NEWSWIRE) — The “Global Ultra High Performance (UHP) Tire Market By Vehicle Type (Passenger Car Vs Two-Wheeler), By Tire Type (Summer & All-Season Vs Winter), By Demand Category (Replacement Vs OEM), By Region, Competition Forecast & Opportunities, 2013-2023” report has been added to ResearchAndMarkets.com’s offering.

Read the source article at Stock Market Quotes and News