Dated: 10 January 2011
Analyst Sees Tyre Market Rise in 2010
Last week, Tyrepress.com covered a story which focused on a report published by a financial analyst - on behalf of Morgan Stanley. In the report, the online tyre magazine wrote that the replacement light vehicle tyre markets were very strong in the EU and in North America and had seen significant growth – 15% and 6% respectively. All of the reports were based upon Michelin research that was also published at the end of last year.
According to Tyrepress.com the analysts believed that the results of the research showed “remarkable figures” adding, “we assume Michelin will be able to recover 70 – 80 per cent of the raw material inflation over 2010 to 2012 and will surprise with its earnings progression driven by 5-8 per cent volume growth per year in 2011 and 2012.”