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Tyres - Europe - Run-Flat Tyre Market in Europe and North America and the Reasons For Growth
Taking a Closer Look at the Size of
DUBLIN, Ireland -BUSINESS WIRE -Nov. 22, 2005: -- Research and Markets has announced the addition of Global market review of tyres - forecasts to 2011 3rd edition to their offering... It is estimated that the global tyre market for passenger cars, light, medium and heavy duty truck applications accounted for nearly 1.2 billion tyres sold in 2004, of which 857 million (72%) were replacement tyres. Although the world tyre market is essentially a replacement market in terms of volume and value, and the vehicle makers buy only one-quarter of road tyres, this segment of the market is significant as it drives technical development and significantly influences the aftermarket... The increasing sophistication in the global car parc has led to changes in the type and size of tyre that now dominates the market place. The trends are now towards larger rims, wider tyres and higher speed ratings. Increasingly heavy platforms and powerful engines are pushing tyre speed indices upwards...
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