The Three Major Changes Lead The Future Trend of The Tire
In 2022, the tire industry experienced unprecedented difficult challenges, and this challenge continued. The third quarterly report of a number of foreign -funded head tire companies shows that inflation and energy supply are bringing the performance to its performance to continue to take the price and product. This also means that tire companies will be in the next 5 years, even For longer, these changes will occur in the tire industry.
Price increase has become a long -term trend
Pirelli mentioned in its financial report that in the third quarter of 2022, the rapid recovery and rising energy prices in demand led to the highest level of global inflation in 40 years. Prices are rising rapidly every month, and tire prices have not escaped this trend.
A recent survey conducted by the New York Times and Siena College showed that 44%of the respondents believed that the rise in living costs caused by inflation is the most important challenge they faced this year. In this survey statistics, we found that the cost of tires had risen by 12.9%in more than a year since September 2021; in the month from August to September 2022, the cost of tires rose by 0.2% , The cost of price increases can not come down. This also means that in order to retain profits, the tire factory will pass the cost pressure to the terminal market one by one for a long time.
Large -sized high performance becomes the mainstream of the industry
In addition, we have also witnessed another major change in the tire industry through the financial report released by a number of tire companies -large -sized tires are setting off a new "blood rain"! From the data collected and published by foreign tire companies, we see that whether it is the European market or the North American market, the proportion of large -sized tires in replacement and the original marketing market is gradually expanding.
The head of the all season tire is even better
According to the quarterly report released by ETRMA on October 25, 2022, in the third quarter, due to the influence of inflation and rising oil prices, the passenger tire replacement market has declined significantly. However, compared with the decline in sales of 19% and 7% in summer tires and winter tires, the sales of tires across the all season are more stable. The tires in the European market have shown a strong sales trend. In the first three quarters, tire sales in the first three quarters rose 14%as a whole. In terms of the North American market, according to incomplete statistics, the sales of tires in the season in early 2020 were 1.2 million units, but the sales of this segment market have increased to 2.1 million units -the sales of tires in the United States almost doubled throughout the United States.