February 24, 2014
OTR tire forecast: Units will rise from ashes
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."