Commercial Business

OTR tire forecast: Units will rise from ashes

Posted on February 24, 2014
Yokohama predicts Mexico will have the highest gross domestic product growth and lowest unemployment in North America in 2014.

Yokohama predicts Mexico will have the highest gross domestic product growth and lowest unemployment in North America in 2014.

At the 2014 Off-the-Road Tire Conference in Marco Island, Fla., last week, Tim Easter, director of OTR tire sales for Yokohama Tire Corp., outlined the make-up of the market, which he defines as tires 24 inches and larger.

He told attendees that based on rim diameter, close to 80% of all units sold are made up of the following sizes (with their respective percentages of the entire market in parentheses):

* 24-inch bias (11.6%) and 25-inch bias (16.3%);

* 24-inch radial (10%) and 25-inch radial (29.35%);

* 49-inch radial (4%); and

* greater than 51-inch radial (9.25%).

The overall market was 67.9% radial in 2013, said Easter (when taking just the top six OTR tire sizes above into account, 65.3% are radial, and 34.7% are bias). He predictes radialization will rise slightly to 68.2% in 2017.

He added that unit growth, following a down year in 2013, is expected to rise each of the next four years.

The 2015 OTR Tire Conference, sponsored by the Tire Industry Association, will be held in Tucson, Ariz., Feb. 18-21 at the Westin La Paloma Resort & Spa.

For more information about the conference, check out this link:

"TIA gives OTR dealers hope in 2014."

Related Topics: OTR Tire Conference, OTR tires, Tim Easter, Tire Industry Association

Comments ( 0 )
More Stories
News

Union Official Calls Tariff Vote 'A Huge Mistake'

The leader of the United Steelworkers union says the International Trade Commission has made "a huge mistake" in not imposing tariffs on truck and bus tires from China. And based on early feedback from Modern Tire Dealer readers, tire dealers and particularly retreaders agree.

News

Two Asian Automotive Shows in One in March

Tyrexpo Asia 2017 and the inaugural edition of GarageXpo Asia will be held in conjunction with each other March 21-23, 2017, in Singapore. The events are organized by SingEx Exhibitions Pte. Ltd.

News

Double Coin Fights for Lower Tariff Rates — and Wins

The U.S. Department of Commerce (DOC) has admitted errors in its tariff calculations on two truck and bus tire manufacturers in China, and as a result has lowered the rates Double Coin Holdings Ltd. and Guizhou Tyre Co. Ltd. — and all companies — will pay. 

Bobby Hendry from 31 Inc. was from one of 80-plus vendors at the Tire Factory trade show. Here he talks to Mike Fleming, equipment supply manager for the dealer group, and Marc Thompson from Point S Everett in Everett, Wash.
News

Point S Rebranding Exceeds Expectations in the U.S., and Points to More Growth

Tire Factory Inc. members have rebranded the vast majority of their 206 stores to the Point S banner at a breakneck pace. And leaders of the Oregon-based cooperative are unveiling new programs with two big hopes: the momentum of current members continues, and more independent tire dealers join their network.

News

Cooper Enjoys a Full-Year Income-to-Sales Ratio of 8.5%

Cooper Tire & Rubber Co. posted net income of $69.3 million on net sales of $783.9 million for its fourth quarter ended Dec. 31, 2016. That compares to income of $59.2 million on sales of $775.5 million for the same period in 2015.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!