Andrew Briggs, Yokohama Tire Corp.’s vice president of marketing and product management, discusses trends in the UHP and CUV/SUV tire market and how Yokohama is addressing those trends with new products.
HELSINKI (Reuters) – Finnish tire maker Nokian Tyres expects its new U.S. factory in Tennessee to help it double its sales in North America, especially by expanding its all-season tire sales in the region, the company said on Thursday. The company, which has previously concentrated mostly on winter tire sales in Russia and Europe, said the new facility would allow it to seek growth in the significantly larger all-season tire market in North America.
BERLIN/HAMBURG (Reuters) – German automotive suppliers Continental and Bosch do not expect a speedy recovery of the global auto market, as an escalating trade conflict between the United States and China threatens to compound already weak car demand. Automakers and their suppliers are grappling with a downturn in vehicle demand, particularly in China, the world’s largest car market, which saw sales slow down for the ninth month in a row in April.
PMR delivers key insights on the global forestry equipment tire market in its latest research report, Forestry Equipment Tires Market: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2028.
On the basis of insights and findings in the report, the long-term stance for the global forestry equipment tire market is expected to be positive with an estimated value CAGR of 5.7% during the forecast period.
Earnings Call Transcript:
Good morning, ladies and gentlemen, and welcome to the Trinseo First Quarter 2019 Financial Results Conference Call. We welcome the Trinseo management team, Frank Bozich, President and CEO; Barry Niziolek, Executive Vice President and CFO; and David Stasse, Vice President of Treasury and Investor Relations.
Today’s conference call will include brief remarks by the management team followed by a question-and-answer session.
Enhanced tyre performance, surging tyre production, and introduction of innovative products will fuel automotive tyre market growth. The market will grow steadily during the 2017-2022 period with the market estimated to be valued at almost $300 billion in 2019, says the latest report by Fact.MR. According to the report, the automotive tire market is projected to grow at 5.1% CAGR through 2022.
Online dollar sales of tires grew by 34% in the 12 months ending December 2018, according to The NPD Group’s Checkout E-commerce Tracking. The tire category alone outpaced e-commerce growth for the total market of automotive products, which was up 28 percent for the year.
“Historically, selling tires online was challenging because consumers had to then find somewhere to have them installed. Today, companies are finding creative ways to have tires reach consumers,” said Nathan Shipley, executive director and automotive industry analyst, The NPD Group. …
Several manufacturers of off-the-road tires shared their company’s plans for 2019 as well as where they see the OTR market headed at the Tire Industry Association’s 2019 OTR Conference at the Saddlebrook Resort outside Tampa, Florida.
Representatives from OTR tire companies took part in a Tire Manufacturers’ Panel, where they teased new products coming from their companies in 2019 and shared what new initiatives their companies had for the upcoming year.
Tire Technology International’s editor Matt Ross selects 10 speakers you can’t afford to miss at the upcoming Tire Technology Conference, which takes place at Tire Technology Expo Hannover, Germany, on March 5, 6, 7, 2019. Click here to view the full program and book your conference pass here.
Prof. Burkhard Wies, Continental – Physics of tire performance over lifetime: how to ensure best balance between safety and economy