After a major decline in 2020, the global PCLT replacement tire market started to make a strong recovery in 2021 as vehicle kilometres travelled increased. Sharply higher fuel costs in 2022 have slowed the recovery in road traffic in key markets such as Europe and the US and higher inflation is impacting household budgets and spending. ...
Whilst potential demand for new cars in the Americas has picked up significantly, the recovery in vehicle production and the original equipment tire market was held back by major shortages of components, specifically semiconductors. Supply chain disruption has continued into 2023. This has delayed the recovery in the OE tire market, and...
Whilst potential demand for new cars in the Americas has picked up significantly, the recovery in vehicle production and the original equipment tire market was held back by major shortages of components, specifically semiconductors. Supply chain disruption has continued into 2023. This has delayed the recovery in the OE tire market, and...
The supply of tires across Europe continues to evolve. Sanctions imposed against Russia have impacted imports into Western and Central Europe since the second half of 2022. Nokian is clearly the most affected, and it is in the process of securing alternative capacity including a new plant in Romania. Pirelli has also adjusted its producti...
Whilst demand for new cars in Europe picked up significantly in 2021, recovery in vehicle production, and the original equipment tire market, was held back by major shortages of components, specifically semiconductors. Supply chain disruption continued in 2022, compounded by the conflict between Russia and Ukraine. This has delayed...
Whilst demand for new cars picked up significantly in 2021, both in the domestic Asia Pacific sector and key vehicle export destinations, the recovery in the volume of new vehicles produced - and therefore the original equipment tire market - has been held back by shortages in the supply chain, specifically semiconductors. Shortages con...
Whilst potential demand for new cars in the Americas picked up significantly in 2021, recovery in vehicle production and the original equipment tire market was held back by major shortages of components, specifically semiconductors. Supply chain disruption continued in 2022, resulting from numerous factors including Covid-related lockdo...
Tracking ket trends in the European specialty tire industry
Tracking key developments in the European truck tire industry.
The effective management of the 4.4 million tonnes of used tires generated in Western & Central Europe is fundamental to the sustainability of the entire tire industry. The recycling of end-of-life tires will be key to meeting milestones along the long journey towards the target of production of new tires from 100% sustainable materials.
Whilst the PCLT replacement tire market in the Asia Pacific region began to recover in 2021, following the sharp declines in 2020, disruption continued in 2022. This has been most notable in the region’s biggest market, China, where the strict lock-down policy and a new wave of infections limited mobility, impacting replacement tire sal...
This report includes key data on the PCLT tire market including: Replacement tire unit volumes Original equipment tire unit volumes Light vehicle parc units Light vehicles per 1,000 population All data is forecast through to 2028.
