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Research Report On Global Tire Industry, 2010-2011

February 16th, 2011

(CRI,Shanghai)- In the Asian tire market, the overall situation is boosted powerfully by Chinese and Indian markets though Japanese tire market showed a downturn trend at the end of 2008.

In 2009, the auto sales volumes in Europe and USA declined compared with that in 2008. Nevertheless, with the growth of auto reserving volumes, the demand for replacement tires drives the growth of the whole tire market.

Under this background, tire manufacturers even begin to raise the price. The price has been increased firstly in Goodyear by 6% since December 1st, 2009. Subsequently, Bridgestone Americas, Continental North America and Yokohama Rubber increased their tire prices successively. Since January 1st, 2010, Bridgestone has raised the tire price by 5%. The price growth rate is about 5% for tires of Continental North America and 6% for all tires of Yokohama Rubber. Tire giants such as Kumho, Pirelli and Michelin also follow up.

In India, there is huge de ...[more]

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Posted in: Tire 101

Can Tire Pressure Monitoring Systems Save You Money?

February 3rd, 2011

Yes! A tire pressure monitoring system can save you money and here's how--

First, tires that are properly inflated last longer. There is less tread wear on a tire that is properly inflated, so your tires need to be replaced less often. Also, proper inflation helps protect the side walls, resulting in reduced chance of blowouts. Blowouts are dangerous enough, but if you are towing another vehicle, trailer, or boat, blowouts are even more frightening.

Overinflated tires don't "feel" the road as well and are more prone to damage from potholes and foreign road objects. Over inflation also leads to uneven tread wear. Rapid tread wear leads to rapid tire failure and, therefore, expensive tire replacement.

Under inflation causes the tire to "bend" more as it rolls. These tires are much more likely to fail while you are driving.

Second, tires that are properly inflated can save you money on gasoline. The U.S. Departm ...[more]

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Tags: tire maintenance, tire wear, replacing tires

Posted in: Tire 101

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