Dated: 17 June 2010
Pirelli Confident That Tyre Markets Will Continue To Grow
Pirelli has released new statistics that indicate that there will be a continuation of growth year-on-year within the tyre industry for replacement and OE tyres.
This is backed up by that fact that throughout May 2010 the OE and replacement markets in the EU had an increase of nine and fourteen per cent respectively.
Markets across the Atlantic have also experienced good signs of growth. The Italian tyre manufacturers have estimated that the passenger car and light truck tyre market grew 48 per cent year-on-year in the OE segment throughout May, as well as a rise of 13 per cent in the replacement sector.
When looking at the markets in the southern region of Mercosur Pirelli estimates a 15 per cent growth for the OE passenger car and light truck tyre market in May, and 23 per cent for replacements.
At present, only data on the passenger car and light truck tyre replacement markets are available for the Japanese markets. Based on the limited data, estimates from Pirelli show a growth in May at 18 per cent, and 11 per cent – this is based on figures looking at year-to-date statistics.
Unfortunately, figures on the Chinese market for May are not yet available.