By Denna Bowman
Pirelli tyres has released the results of its latest report into the industry and claim that the passenger car tyre volumes increased by approximately 20 per cent in the first half of 2010.
The Italian tyres manufacturer’s monthly “Tyre Market Watch” figures also indicate that third quarter volumes have remained strongly in the double digit growth range, but moving at roughly half the pace of the first half at +10 per cent, according to Tyres and Accessories.
Truck tyre volumes appear to have been much stronger growing at more than 20 per cent and 25 per cent respectively.
Truck tyre original equipment demand was much stronger (+84% in Europe, +35% in North America, +49% in Latin America) than in the replacement sector (+15% in Europe and in North America, +23% in Latin America).
In passenger tyres, demand was stronger in replacement sector in Europe (+6 per cent) than in OE (-2%), and the opposite in North America (OE +27%, replacement 0%).
Tyres and Accessories reported: “Commenting on the recent research, which Deutsche Bank characterised as “restricted”, analyst Gaetan Toulemonde wrote: “Overall, tyre volumes remained strong in the third quarter with a slightly negative OE/replacement tyre mix.””