By Denna Bowman
The global tyres industry is showing signs of bouncing back to recovery compared to 2009 when the world was in the grip of a recession.
According to data gathered by Pirelli tyres, Europe’s passenger and light commercial vehicle replacement tyre market grew 14% year-on-year during April 2010.
The growth is below the 20% improvement recorded in March, however it is three points up on the market’s 10.5% year-to-date improvement.
In North America, replacement passenger car and light truck tyre sales rose 13% year-on-year in April, contributing towards a 9.25% year-to-date improvement. Sales to OEMs jumped 48%, with year-to-date sales a respectable 66.75%.
OE sales of all tyre brands in Europe improved 1% year-on-year during April, considerably lower than the 19.25% improvement seen in the year-to-date.
In South America’s Mercosur trade region, the replacement market passenger car and light truck tyre segment grew 23% year-on-year in April and is up 24.5% year-to-date.
The OE segment grew 15% year-on-year during the month, contributing to a 23.5% year-to-date growth figure.
April 2010 market data for China and OE market data for Japan is not yet available. In the Japanese replacement tyre segment, an 11% growth was seen in the passenger car and light commercial vehicle market, adding to an 8.75% year-to-date growth.