Europe Truck Tire Market 2021-2026

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    EUROPE TRUCK TIRE MARKET

     

    INTRODUCTION

    Tires are strong and flexible based rubber casings which are present and used within various industrial segments as required to have a sturdy support on vehicular movements. Tyres for most vehicles are pneumatic; air is held under pressure inside the tire.

     

    Until recently, pneumatic tires had an inner tube to hold the air pressure, but now pneumatic tires are designed to form a pressure seal with the rim of the wheel.

     

    Tires can also be found on heavy duty trucks, buses, aircraft landing gear, tractors and other farm equipment, industrial vehicles such as forklifts, and common conveyances such as baby carriages, shopping carts, wheelchairs, bicycles, and motorcycles.

     

    Tire purchasing  and  disposal  impose  considerable  cost  and  waste  burdens  on  private  vehicle owners and fleet managers. The tire maintenance management practices and tire-related vehicle technologies that have the potential to relieve some of the vehicular burdens.

     

    Alongside these, the behavior, attitudes, and practices of fleet personnel and individual drivers relate to tire  attributes and technologies.

     

    As part of a basic and maximized usage, the tires are manufactured by wrapping multiple layers of specially formulated rubber around a metal drum in a tire-forming machine.

     

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    The different components of the tire are carried to the forming machine, where a skilled assembler cuts and positions the strips to form the different parts of the tire, called a “green tyre” at this point.

     

    When a green tyre is finished, the metal drum collapses, allowing the tire assembler to remove the tire. The green tire is then taken to a mould for curing. Natural rubber is the main raw material used in manufacturing tires, although synthetic rubber is also used.

     

    In order to develop the proper characteristics of strength, resiliency, and wear-resistance, however, the rubber must be treated with a variety of chemicals and then heated.

     

    EUROPE TRUCK TIRE MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Goodyear releases Fuelmax Endurance tire line for trucks A tire line aimed at commercial truck applications has been announced by Goodyear. Fuelmax Endurance, the tire maker claims, is a fuel-efficient and versatile tire option for steer and drive axles in operation on highways and inter-regional roads. The new range has been designed to help European fleets and truck manufacturers reduce carbon emissions. Goodyear hopes to achieve this by combining fuel efficiency levels learned from long-haul journeys with the durability, traction and mileage characteristics required to drive on off-highway routes.

     

    Europe – UK This would enhance better Emission Controls

     

    EUROPE TRUCK TIRE MARKET DYNAMICS

    As original equipment manufacturers (OEMs) attempt to restart production by bringing heavy investments to the market, a significant number of factors are being implemented, including an increase in demand for powerful vehicles with higher carrying capacity to handle weights and strong suspension systems, an increase in demand for fuel-efficient trucks, and strict laws and regulations related to carbon dioxide emissions.

     

    The Europe Vehicle Control and Safety Administration established new fuel efficiency criteria for heavy-duty vehicle engines powered by diesel, natural gas, and other fuels.

     

    The truck sector has recently seen tremendous development as a result of increasing industrialization, which has resulted in a surge in the sale of commercial vehicles such as trucks, tractors, and trailers.

     

    Furthermore, the incorporation of sophisticated technologies into the production process is expected to boost the expansion of the automotive tyre market.

     

    However, issues such as unpredictable raw material costs and changes in the retreading tyre industry are likely to stymie market expansion.

     

    Furthermore, advances in technology, fuel efficiency, and safety concerns, along with government backing, are projected to offer significant prospects for the growth and extension of telecommunications.

     

    Raw materials to manufacture tires include petroleum reinforcing materials such as nylon and polyester. Also, rubber (natural and synthetic) is the basic element required to manufacture tires, which witnesses high fluctuations in cost.

     

    The materials used to manufacture rubber tires are tread, jointless cap plies, steel-cord for belt plies, textile cord ply, Bead reinforcement, apex, and core.

     

    Also, it consists of synthetic rubber, natural rubber, steel wire, and carbon black along with the petrochemical reinforcing materials such as polyester, fabric, nylon, steel, and rayon.

     

    The pricing of these raw materials plays a vital role in deciding the overall price of the tire. Prices of these metals fluctuate occasionally due to global economic ups and downs in the market, as these are traded on a community exchange basis.

     

    EUROPE TRUCK TIRE MARKET SEGMENTATION

    The Europe Truck Tire Market can be segmented into following categories for further analysis.

    By Truck Application

    • Light Duty Trucks
    • Medium Duty trucks
    • Heavy Duty Trucks
    • Common Usage Trucks
    • Military Trucks

     

    By Truck Haulage Type

    • Long Haulage Trucks
    • Short Haulage Trucks
    • Medium Haulage Trucks

     

    By Type of Consumption

    • Materialised Cargo based Movement
    • Vehicular Cargo Based Movement
    • Packaging Cargo Movement

     

    RECENT TECHNOLOGICAL TRENDS IN EUROPE TRUCK TIRE MARKET

    Internet of Technology has been integrated into the systems of enhancement for the trucks moving across in Europe. The Internet of Things (IoT) is a network of gadgets, vehicles, and appliances that can actively communicate data.

     

    Networks of sensors installed throughout the vehicle, for example, may monitor anything from tyre pressure to load stability. Truck systems that are semi-autonomous or platooned.

     

    This will result in even more data for carriers and shippers to handle and make choices with.

     

    In the latest truck tyre, a novel substance known as Force is used. It provides a more cohesive composition, boosting the tire’s mileage capacity and resistance to abrasions, cuts, chunking, and chipping.

     

    Michelin’s 315/60 R22.5 X Multi Z replaces the 315/60 R22.5 X Energy XF. The wider 385/65 R22.5 X Multi Z is targeted at operators transporting big loads such as refrigerated products, tankers, bulkers, and wood haulers.

     

    Both new tyres are designed primarily for use on the front steer axle and use Michelin’s Power coil technology to increase the casing’s endurance and toughness. They may be regrown and retreaded as well.

     

    Rubber tyres are polymers with elasticity, resilience, and toughness qualities that allow a loaded commercial vehicle to endure not only the vertical weight, but also the road friction it experiences on a regular basis.

     

    Some tyre manufacturers have recently begun incorporating sensors on the interior of the tyre, and occasionally within the material, to not only monitor pneumatic pressure but also to aid tyre management choices and actions.

     

    Through digital monitoring, intelligent tyres enable drivers and fleet managers to understand what’s going on. They provide performance visibility from a truck cab, a smartphone app, or a dashboard interface hundreds of miles distant. Data analytics and intelligence have been integrated into the management systems.

     

    EUROPE TRUCK TIRE MARKET COMPETITIVE LANDSCAPE

    Several companies have developed and implemented camera monitor systems to provide the drivers with additional FOV. These systems can range from simple rear or front view cameras to 360 degrees bird view images to facilitate drivers’ awareness of the surroundings.

     

    Continental, Volkswagen, and Stoneridge have developed concepts for digital rear-view mirrors with displays mounted inside the truck cab.

     

    Continental AG has been providing various services of truck tire adoption with integrated technology being brought into better systems of adoption.

     

    It has brought in the Conti Tread precured treads that are produced exclusively with Continental mixtures and profiles. As part of the Conti Lifecycle approach, the users would be able to cap their worn-out tires with a new tread, prolonging the life of their tires and there by reducing total tire costs.

     

    It has been integrated with the Advanced tread compound to achieve performance in high scrub application and still maintain low rolling resistance.

     

    The use of patented groove technology for minimal stone retention, extending casing life with pyramidal stone ejection system integrated into the center groove for added casing protection.

     

    Bridgestone is one of the leading manufacturers of truck tires in the Europe market. It has brought in the ECOPIA based solution within the commercial truck tire segment of the European market.

     

    The R284 Ecopia is an all-position radial tire recommended for steer positions that gives you the best of both worlds: long wear life and the fuel efficiency benefits Ecopia tires are known for.

     

    Thanks to innovative technology the R284 delivers significant wear life while also improving rolling resistance by 5%, compared to the R283A.

     

    The tire uses the patented NanoPro- Tech™ polymer limits energy loss for improved rolling resistance and optimum fuel efficiency. Together with NanoPro-Tech, this proprietary compound contributes to longer wear life.

     

    With new sidewall designs, the tires contain less bead filler volume, reducing tire weight and minimizing rolling resistance for enhanced fuel efficiency.

     

    EUROPE TRUCK TIRE MARKET COMPANIES PROFILED

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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