The tire industry has displayed significant variations among different vehicle segments. For the commercial vehicle segment, the recent trend has been towards high-capacity, durable, and fuel-efficient tires. This will reduce operational costs and increase the service life. The passenger vehicle segment has a distinct demand for high-performance tires that offer...
Discover more insightsThe global tyre marketplace is a vibrant and substantial sector of the economy, considerable in size and consistently expanding. The industry derivers its value from the sale of different types of tyres, namely passenger car tyres, light truck tyres, truck & bus tyres, and special vehicle tyres. The growth is...
Discover more insightsThe evolution of the tire market is characterized by consistent advancements fueled by steady technological progress, evolving consumer needs, and a persistent quest for improvements in tire performance and sustainability. Most recently, the market has seen a rise in the demand for eco-friendly, fuel-efficient tires, partly driven by increasingly stringent...
Discover more insightsRun-flat tire inserts play a key role in the commercial vehicle sector. They are placed within the wheel assembly and allow a vehicle to continue its journey, albeit at a reduced speed, even after a puncture or total tire deflation. This is an essential feature in commercial vehicles which can...
Discover more insightsThe global tire market is currently undergoing noteworthy transformations owing to technological advancements, changing customer preferences, and burgeoning environmental concerns. The introduction of advanced tire technology such as run-flat tires, low rolling resistance (LRR) tires, and green tires signifies the escalating commitment towards innovation and sustainability. Additionally, the market is...
Discover more insightsThe global tire market shows consistent expansion due to several key catalysts. The growth is primarily driven by rising automobile sales, spurred by urbanization and the increasing buying power of consumers. An improved understanding of the importance of vehicle safety also translates to a more informed consumer base, which can...
Discover more insightsMaintenance market for two-wheelers is witnessing substantial growth driven by several factors. Climbing rates of two-wheeler ownership, particularly in developing economies, form an increasingly broad user base seeking maintenance services. Furthermore, consumers are demonstrating heightened awareness around routine maintenance and its necessity, increasing demand for these services. Technological advancements in...
Discover more insightsSales in the tire industry are largely influenced by a myriad of factors, key among them being the dynamics of vehicle sales and technological innovation. In essence, growth in vehicle sales direct signals an upward trajectory in tire requirements given that every vehicle requires tires for operation. Additionally, the advancements...
Discover more insightsThe broader market segment of wheel and alignment services carries noteworthy potential for sustained global growth. This is primarily driven by the increasing number of vehicles and consequent demand for automotive maintenance services in both emerging and established markets. Improved road infrastructure also necessitates regular alignment, enhancing the relevance of...
Discover more insightsELT management represents an economic issue imbued with environmental responsibility. It refers to the adoption of sustainable practices concerning the maintenance, disposal, and recycling of tires that have exhausted their primary product life. As consumption grows, so does the number of used tires, creating a global waste management challenge and...
Discover more insightsThe effects of COVID-19 on global markets have been profound and wide-ranging, with the tire manufacturing sector being no exception. For most of 2020, tire manufacturers grappled with disruptions emanating from supply chain interruptions and a decline in global demand, primarily due to comprehensive lockdowns and a consequent reduction in...
Discover more insightsThe development and proliferation of intelligent and electric vehicles, or e-cars, are seen to strongly influence tire demand. The need for specially-designed tires that accommodate electric vehicles weight and torque characteristics likely inflates the market. Meanwhile, the growing popularity of shared mobility and ride-hailing services may impact replacement tire purchases,...
Discover more insightsA keen look at the tire industry unearths dominant trends, placing prominence on research and development operations, with a push towards sustainability and efficiency. In an era where environmental concerns are on the rise, manufacturers have gradually shifted towards creating tires with low rolling resistance, which effectively reduce fuel consumption....
Discover more insightsDistinct differentiations in the tire market emerge when viewed through the lens of vehicle type. For instance, passenger cars typically require tires that prioritize comfort and fuel efficiency, thus showcasing different market dynamics compared to commercial heavy-duty trucks which, put a premium on durability and load-bearing capacity. Consequently, tire manufacturers...
Discover more insightsThe tire industry is currently vehicles enhanced technology and consumer preferences towards sustainable solutions. Intelligent tires equipped with IoT-based sensors are becoming the norm. These devices enable real-time monitoring of tire pressure and wear & tear, improving road safety and minimizing maintenance costs. Moreover, a notable development is the rise...
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