The Construction of New Low-Cost Tire Manufacturing Plants in Hungary and Poland is Likely to Exacerbate the Problem Further for UK Producers: Tire Industry Market Report 2006
DUBLIN, Ireland--Research and Markets (http://www.researchandmarkets.com/reports/c57086) has announced the addition of “Tyre Industry Market Report 2006” to their offering.
The total apparent UK market for rubber tyres and tubes is estimated to have been worth £1.35bn at manufacturers' selling prices (msp) in 2005, which is more or less unchanged on 2004. Domestic production of tyres and tyre exports are both declining, although imports continue to rise. Imports are accounting for an increasing share of the market, and represented an estimated 87.1% of the total apparent UK market for rubber tyres and tubes in 2005.
The main product sectors considered in this report are: tyres for passenger vehicles; tyres for light commercial vehicles; tyres for heavy commercial vehicles; tyres for motorcycles and scooters; other tyres, which includes tyres for agricultural vehicles, civil engineering vehicles, construction or industrial handling vehicles, bicycles and aircraft; and retread tyres. Inner tubes and tyre flaps are other minor sectors. Passenger car tyres make up the largest sector of the market.
The UK tyre manufacturing sector continues to be seriously affected by competition from suppliers in low-cost countries. The latest fall-out from this has been the announced closure of one UK tyre manufacturing plant and job cuts in other UK factories. The construction of new low-cost tyre manufacturing plants in Hungary and Poland is likely to exacerbate the problem further for UK producers.
Prices of the basic raw materials for tyre production — including oil, steel, synthetic rubber, carbon black and natural rubber — are all continuing to rise. These increases have put tyre manufacturers under considerable cost pressures and have seriously affected their profitability. Regular price rises have become the norm, although these are often not high enough to cover the increased costs of the raw materials.
The overall value of the market is forecast to fall further in 2006, before showing modest year-on-year growth to the end of the forecast period (2010). Plant closures, high and rising raw materials costs, increases in the price of new tyres, falls in new vehicle registrations and generally depressed market conditions in the UK motor sector are likely to dampen consumer and industry demand for new and replacement tyres, and limit the potential for higher rates of growth, at least in the short term.
Key Topics Include:
1. Market Definition
2. Market Size
3. Industry Background
4. Competitor Analysis
5. Strengths, Weaknesses, Opportunities and Threats
6. Buying Behaviour
7. Current Issues
8. The Global Market
9. Forecasts
10. Company Profiles
11. Consumer Confidence
12. Further Sources
Companies Mentioned:
- Bridgestone UK Ltd
- BRISA (Lassa)
- Continental Tyre Group Ltd
- Cooper Tire & Rubber Company Europe Ltd
- Dunlop Tyres Ltd
- Falken Tire Trading
- Goodyear Dunlop Tyres UK Ltd
- Hankook Tyre UK Ltd
- Kumho Tyre (UK) Ltd
- Michelin Tyre PLC
- Nokian Tyres
- Pirelli UK Tyres Ltd
- The Yokohama Rubber Company Ltd
- Toyo Tire & Rubber Company Ltd
- Trelleborg Wheel Systems UK Ltd
- Vredestein (UK) Ltd
- Watts Industrial Tyres Plc
For more information visit http://www.researchandmarkets.com/reports/c57086
