Report: OTR tire market to grow steadily

curata__Iy89xin0bgDnpuf.jpeg

Leatherhead, UK – The global market for off-the-road tires will enjoy a five-year compound annual growth rate of 4% by volume and 5.2% by value, according to a new report from Smithers Rapra.

“The Future of Off-the-Road Tires to 2022″ is Smithers’ critical analysis of the key factors shaping the global OTR tire market, the company said in a 24 July press release.

According to the report, more than 3.7 million tonnes of OTR tires will be sold worldwide in 2017, with a value of $24.8 billion…

Read the source article at European Rubber Journal

ETRMA boss: European tire markets facing further weakness

curata__qpvLpNs8pVwPkss.jpeg

London – A second-quarter reversal in European replacement tire markets could set a trend for the months ahead, believes Fazilet Cinaralp, secretary general of the European Tyre and Rubber Manufacturers’ Association.

Cinaralp was commenting on ETRMA’s latest quarterly figures, which showed significant quarter-on-quarter declines in member companies’ sales – reversing a positive trend observed earlier this year.

The data, published 14 July, showed a sharp slowdown compared to the first three months of the year. The trend affected all segments, particularly consumer tires which came in 6%…

Read the source article at European Rubber Journal

Korean OEMs switching to European tyre brands

Sales of imported tyres in Korea increased by more than 40 per cent in the January to April period when compared with 2016 figures, according to the Korea Tire Manufacturers Association (KOTMA).

If this pace continues, imported tyres will set a record high this year. According to KOTMA, this is largely due to Hyundai Motor and its smaller affiliate Kia Motors introducing imported tyres on their models, media said.

Total tyre imports for the four-month period, according to the KOTMA, stood at 252.22 billion won, up 42 per cent, or 74.78 billion won from 177.48 billion won during the same period last year.

Read the source article at Tyrepress

Continental acquires mobility intelligence provider Quantum Inventions

curata__wEAl1BYwm0LQ8LU.jpeg

Another acquisition for Continental. Days after the German company reported taking a minority share in French autonomous driving company EasyMile SAS, it announced it has finalised its acquisition of Singapore based mobility intelligence provider Quantum Inventions. Continental hasn’t disclosed how much it paid for the firm.

Quantum Inventions will add to Continental’s growing intelligent transportation systems portfolio with its city data including next generation navigation systems that are highly responsive to real-time information such as traffic data, road incident information and dynamic road pricing. With the closing, Continental welcomes around 120 employees working across Quantum Inventions’ three offices in Singapore, Malaysia and Indonesia; and Quantum Inventions Development Centre (QIDC) in India into its fold.

“Asia continues to play an ever-increasing role in our strategy,” states Helmut Matschi, head of Continental’s Interior division. “Initiatives such as the Park & Go real time parking application for Singapore, our recent joint venture with China Unicom, strategic cooperation with Baidu, and now the purchase of Quantum Inventions underline our focus on developing mobility services solutions. We are excited to provide an expanded portfolio of customised solutions in the dynamic mobility services market.”

Read the source article at Tyrepress

Asahi seeing strong tire sector demand

curata__97SqvX85v9mU9AS.jpeg

Tokyo – Asahi Kasei Corp. is expecting strong demand for its tire rubber materials this year, officials said at a recent conference about the company’s 2016 financial results.

“Demand for synthetic rubber for fuel-efficient tires has been firm,” said a transcript of the meeting, noting that both lines at Asahi’s Singapore plant have been “fully utilised” recently.

Read the source article at European Rubber Journal

Farm Tire Market – North America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025

curata__SGDVyHmJ4uJVvYa.jpeg

This report is on North America farm tire market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints opportunities, and trends expected to influence the North America farm tire market growth during the said period. Factors that are playing a major role in driving the North America farm tire market have also been covered in the study.

Download the full report: https://www.reportbuyer.com/product/4977659/

Read the source article at PR Newswire

Conti R&D boss takes pop at airless tires

curata__iak48YGCHLkVXoY.png

Hanover, Germany – Airless tires are more of a marketing tool than a realistic offering for the passenger car tire market, according to Dr Gerrit Bolz, head of process development, tire assembly at Continental.

While the most promising applications for airless tires to date are off-road, developers have touted the solid- or cellular-polymer products as offering an alternative to pneumatic car tires.

Read the source article at European Rubber Journal

Light trucks, LT tires growing together

curata__NcZgdfWBJQnqn8e.jpeg

AKRON — As recently as 2013, the market for new consumer vehicles in the U.S. was split 50-50 between cars and light trucks. But low gasoline prices and new products have combined since then to spur increasing demand for bigger vehicles.

Read the source article at Tire Business

Bridgestone retains No 1 slot in global ranking

Global tyre majors Bridgestone, Michelin, Goodyear, Continental and Pirelli have retained their first five positions respectively in the annual ranking of leading tyre manufacturers done by Tyres & Accessories based on full-year 2016 financial results. Sumitomo, Hankook, Yokohama, Maxxis and Cooper Tyres occupied the next five positions respectively among the Top 10 global tyre companies. One notable change this time is that Cooper has jumped over Giti to occupy the 10th position.

Read the source article at Rubber Asia

Retread industry petitioning U.S. to reconsider import duties

curata__b8PqxoszoNmonlr.jpeg

MADISON, Tenn.—Marangoni Tread North America has launched a petition drive to spur the Trump administration to reconsider the U.S. Commerce Department’s decision to not impose duties on imports of truck tires from China.

Read the source article at Rubber and Plastics News