Industry report: OE tire market to grow 5.5% to 2021

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Pune, India – The global market for original equipment (OE) tires is projected to grow at a CAGR of 5.48% from 2016 to 2021, to reach a value of $30.26 billion (€28 billion), according to a report by Indian research group MarketsandMarkets.

The demand, said the report, is driven by demand for improved fuel economy, low rolling resistance tires, eco-friendly and smart tires.

Read the source article at European Rubber Journal

Kramer: Goodyear on Front Edge of Connectivity Wave

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The past couple of days, you’ve heard a lot about one of my favorite topics, the value of the Goodyear brand. You heard a lot about our terrific products, our services and tools that help you build your businesses. You heard Scott talk a lot about the marketing partnerships that we have, particularly around NASCAR and college football. In fact, some of you told me last night how you loved and felt so proud seeing those Goodyear commercials during the football season.

Read the source article at Tire Review

Continental Continues To Expand Into North American Construction And Aggregate Industry Markets

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International technology company Continental is further expanding its industrial-related business. Technologies for construction, aggregate and material handling machines and vehicles will come increasingly into focus, especially in the North American industry markets, says the company.

“Digitalization is also one of the trends in the transforming construction world. Precisely in this efficiency-driven business the question arises of how to gain the most benefit. We intensively listen to our customers because it is extremely important for us to add mutual value,” said Hans-Jürgen Duensing, member of the Continental executive board. He added that CONEXPO-CON/AGG 2017 in Las Vegas has given the company an excellent opportunity to build up and further strengthen beneficial relationships with its customers. With its solutions, Continental contributes to safe, efficient, clean and comfortable mobility.

Read the source article at Aftermarket News

Michelin 2016 income up, sales down

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CLERMONT-FERRAND, France (March 6, 2017) — Higher volumes and a rebound in demand in China and Europe helped Michelin register growth in operating income for the full year 2016, although sales revenue was off slightly.

Operating income from recurring activities rose 3.7 percent to $2.95 billion, while sales fell 1.4 percent to $22.9 billion, yielding an operating ratio of 12.9 percent, up about three-fourths of a point over 2015. Net income rose 43.1 percent to $1.83 billion.

CEO Jean-Dominique Senard called 2016 a “successful milestone in our strategic roadmap,” and said 2017 was expected to be “another year of growth, in line with the group’s 2020 objectives.”

In 2017, Michelin expects tire markets to track the trends observed in late 2016, in particular with the upturn in mining tire sales. At the same time, Michelin expects rising raw materials prices to impact earnings by nearly $990 million.

In response to the cost pressure, Michelin said it will “agilely manage prices so as to hold unit margins firm in businesses not subject to indexation clauses.”

Read the source article at Tire Business

Agriculture Tire Market 2021: Trends, Drivers, Strategies, Applications and Competitive Landscape

The Agriculture Tire Market Research Report is a professional and in-depth study on the current state also focuses on the major drivers and restraints for the key players. Global Agriculture Tire Market research report also provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.

Browse more detail information about Agriculture Tire Market Report at: http://www.absolutereports.com/global-agriculture-tire-market-2016-2020-10336510  

Agriculture tires are designed for specific vehicles and equipment used in farms, including tractors, sowers, and harvesters. The use of advanced equipment has resulted in significant improvements on crop yield and more use of automation in farms.

The Agriculture Tire Market Report is a meticulous investigation of current scenario of the global market, which covers several market dynamics. The Agriculture Tire market research report is a resource, which provides current as well as upcoming technical and financial details of the industry to 2021.

Read the source article at newsmaker.com.au

Aircraft Tire Market is Expected to Grow at a CAGR of 4.5% by 2022

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Market research future published a half cooked research report on global aircraft tire market. The aircraft tire market is expected to grow over the CAGR of around 4.5% during the period 2016 to 2022. Market Highlights: …

Read the source article at Free Press Release Distribution Service

2017 Top 5 Winter Tire Manufacturers in North America, Europe, Asia-Pacific, South America, Middle East and Africa

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This report studies Winter Tire in Global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 Winter Tire Players in each region, with sales, price, revenue and market share.

Read the source article at openPR.com

Bridgestone & Atg experts warn on future of OTR market

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The off-the-road tire market is finally seeing an uptick but it will have to adapt to meet the future demands of industry.

That’s according to two of the tire industry’s most experienced voices. Bridgestone OTR tire divisions president Taylor Cole and Alliance Tire Group vice president of marketing Bruce Besancon outlined their analysis and expectations at the Tire Industry Association’s OTR Conference last week.

Cole told those in attendance the industry was seeing upticks in the construction, mining and aggregates sectors — which he attributed to the Fixing America’s Surface Transportation (FAST) Act of 2015 — which put $305 billion into the federal transportation budget for 2016 through 2020.

 

Read the source article at Traction News

Smithers Rapra: Tire Industry in Boom Cycle

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A new market report from the tire experts at Smithers Rapra forecasts global tire manufacturing will grow nearly 4% per year through to 2022, driven by increased demand, tire innovations, and continuing capital spending and capacity expansion by tire suppliers.

“The tire industry currently is in the middle of a boom cycle, both with respect to capital spending and net capacity additions,” said Arthur Mayer, author of The Future of Tire Manufacturing to 2022.

Developments affecting tire plants and manufacturing processes include the uptake of new vehicle powertrains, logistical burdens, the emergence of new markets, mergers and acquisitions, and the increased value and scarcity of real estate. Tire market drivers with direct impact on manufacturing include environmental and tire regulations, changes in materials and tire designs, and demands on tires.

Read the source article at Tire Review

Conti aims to capitalise on retreads acquisition

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London – Continental Tyre Group officials rolled into London on 22 Feb to show off recent UK acquisition Bandvulc and explain some of parent Continental AG’s plans for the retread tire sector.

Acquired last summer, the Ivybridge, Devon-based truck tire retreader is seen as representing a ‘missing piece in the jigsaw’ for the German group – a relative newcomer to this sector.

Embarking on a strategy to offer a ‘full life-cycle package’ to the tire market, Conti…

Read the source article at European Rubber Journal