China’s economy has been in the doldrums for the last couple of years, since the government ended Covid restrictions. That has had a substantial negative effect on China’s domestic tire industry. Nevertheless, there are some signs of recovery in the tire industry and also in the wider economy. We tend to think of the tire
Category: AA-commentaries
AI set to help tire makers speed up development times
Today (29 March), we published the April 2024 edition of our global tire industry newsletter, and distributed it to subscribers. In yet another bumper-sized issue, we bring you unique insights into: 2023 rankings – updated Tire makers ranked for 2023 annual data Tire makers by profitability 2019-2023 Annual sales data – Updated ranking, March 2024 2023
First ranking of tire makers in 2023
By David Shaw The global tire industry is changing. The financial results for the 12 months to December 2023 show it. Most of the major brands are losing share, while the replacement brands are offering better value for money and consumers are seeing the benefits of so-called down-trading. Meanwhile, we present the first industry ranking
Big-name tire makers lose share
On Thursday (29 February), we will published the March 2024 edition of our global tire industry newsletter, and distribute it to subscribers. In yet another bumper-sized issue, we bring you unique insights into: 2023 Annual results analysis Tire industry sees mixed picture worldwide Annual sales data – Initial ranking, February 2024 Michelin’s view of market development
Tire industry on brink of big changes
Later today (31 January), we will published the February 2024 edition of our global tire industry newsletter, and distributed it to subscriber In yet another bumper-sized issue, we bring you unique insights into: EU legislation under scrutiny Euro-7 to use UNECE standards for wear Tire makers call for more data access in Europe Materials hit by
What changes will affect the global tire industry in 2024?
Earlier today (30 December), we published the January 2024 edition of our global tire industry newsletter, and distributed it to subscribers. In yet another bumper-sized issue, we bring you unique insights into: Global outlook for 2024 What the tire industry looks like in 2023-24 Two paths for tire makers A tale of two tire industries China’s
Tire industry finds paths to circularity
Earlier today (30 November), we published the December 2023 edition of our global tire industry newsletter, and distributed it to subscribers. In yet another bumper-sized issue, we bring you unique insights into: Michelin’s view on circularity Circularity is a transformation Technological readiness level New rCB player wins funds with tire-maker help rCB as a circular value
Q3 tire maker results – Just how bad is it?
If you listen to people in the western tire industry, you would think that the whole tire business is struggling. But in China, tire company revenues are rocketing, as are profit margins. India’s tire makers are also doing well, with much stronger margins, though not such spectacular improvements in revenues. One difference is in their
EUDR set to create chaos in tire industry
Later today (31 October), we will publish the November 2023 edition of our global tire industry newsletter, and distributed it to subscribers. In yet another bumper-sized issue, we bring you unique insights into: EUDR triggers uncertainty EUDR causes concern through value chain ANRPC condemns EUDR Rubber causes de-forestation More details on 6PPD ‘ban’ DTSC gives detail
Tires rise up the legislative agenda
Earlier today (29 September), we published the October 2023 edition of our global tire industry newsletter, and distributed it to subscribers. In yet another bumper-sized issue, we bring you unique insights into: Goodyear slashes 1900 jobs EU waters down Euro 7 proposals New tire factory in Egypt Raw Materials prices go up Raw materials prices see