Industry's Best Tire

GUIDE TO TYRE MANAGEMENT ON HEAVY VEHICLES I am delighted to endorse this important document as traffic commissioners need to be assured that operators follow best practices, in addition to meeting minimum legal standards. This guide sets out industry-recognized best practices regarding tire maintenance on heavy vehicles. It offers a wealth of advice to operators about tire choice, maintenance, and safety, including consideration of the physical condition and age of tires. I am sure that many operators will learn a lot from the document. I would like to record my personal thanks to the North West LGV and PCV Maintenance Liaison Committees who took the work on with enthusiasm and commitment. In doing so they worked with the representative bodies of the tire and operating industries.  As specialist regulators, traffic commissioners promote operator license compliance, which is based on the twin principles of road safety and fair competition. The majority of the industry operates well...

 Rubber Tires About 75% of rubber is used up in the manufacturing of rubber tires. A tire or tire is a device used for covering the circumference of a wheel. It is a covering of a wheel, made of rubber reinforced with cords of nylon, fiberglass, or other materials. It is filled with compressed air. Rubber tires are an essential part of most ground vehicles. Tires can dampen the oscillations caused by irregularities in the road surface, protect the wheel from wear and tear, and at the same time provide a high-friction bond between the vehicle and the ground to improve acceleration and handling. There are various types of rubber tires with maximum inflation pressure retention for truck, agricultural, industrial, and specialty tires as well as cycle tires, casters, etc. Properties of rubber tires A rubber wheel is a continuous pneumatic rubber and fabric cushion encircled and fitted onto the rim of a wheel. Chemicals are also compounded into the rubber to help the tire to withstand we...

 Tire manufacturing industry, analyzing the cost and margin trends The global market for tire manufacturing stands at $180 billion. Michelin anticipates the long-term demand to rise at the rate of 5 to 10% a year in developing markets and 1 to 2% a year in mature markets. Moreover, in terms of volume, sales are expected to reach 2.5 billion units by 2020, this will be propelled by an increase in automobile manufacturing. The automobile market, in turn, is expected to strengthen due to growing urbanization and rising personal disposable incomes. Bridgestone is the largest player in the market with revenues close to $27.1 billion, followed by Michelin (revenues of $22 billion) and Goodyear (revenues of $16 billion). Bridgestone, Michelin, and Goodyear together hold approx. 40% of the global market share as shown in the below chart. Mergers and acquisitions, entry barriers such as huge capital investments, and brand loyalty are the major reasons for concentration in the industry. The ...