Press Release Summary = Trends in the Global Tire Industry : For a century the tire industry has made much the same product in much the same way and by many of the same companies.
Press Release Body = Trends in the Global Tire Industry : For a century the tire industry has made much the same product in much the same way and by many of the same companies.
There have been changes, some important, but with few exceptions these changes have been incremental, not revolutionary. Mergers and acquisitions, improvements in materials, changes in design have all helped to make tires cheaper, more effective and longer lasting but tires have remained an unexciting commodity product.
The companies involved in the industry have shown poor growth and low returns on investment.
Several unconnected developments are now occurring which have the potential to change the industry further and which will have major implications for the tire industry.
The growth of global brands is changing the market and this in turn is affecting the brand owners and their relationships with competitors ∑ New designs of tires, the development of run-flat tires (such as the Michelin PAX concept) will have a major effect on the design of vehicles and on the future size of the market ∑ National and regional legislation, partly prompted by the Firestone recall, is changing the product specification, the whole life cost of the tire and the relationship between manufacturers and VMs ∑ New manufacturing techniques are revolutionising the way tires are made and altering the economics of the industry.
Any one of these changes would have a profound effect on the industry - taken together they point to a restructuring of the sector.
This wide-ranging and detailed report of Trends in the Global Tire Industry analyses and assesses the changes that are taking place in the tire industry. Trends in the Global Tire Industry examines the situation as it is today, looks at each of the components of change and analyses the effect these will have both on the industry as a whole and the companies within the industry. Not just the major manufacturers but the scores of smaller producers and the suppliers of materials to the industry.
How are the global players reacting? Who are the leaders and who are the followers? Which firms are diversifying away from the industry? What threat is posed by the low-cost producers in Asia?
The Trends in the Global Tire Industry report provides a balanced and perceptive analysis of the tire industry and forecasts the changes that will take place over the next few years.
The Trends in the Global Tire Industry report includes forecasts out to 2007 for car and truck tire sales for OEM and replacement markets in each of the major regions.
This Trends in the Global Tire Industry major new report is of interest to all involved in the international tire business, in distribution, wholesaling, production, and among suppliers of materials, machinery and services, as well as analysts and service providers involved in the sector. The report is 380 pages and is priced at EUR 1200. The price includes online access to the searchable web version.
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