20 Tyre Asia April/May 2018
FOCUS
Art Mayer, author of Smithers
Rapra’s The Future of Global
Tires to 2022, says the highly
diversified global tyre industry
valued at $223 billion in 2017
is set to see further growth.
Dominated by passenger car and
light truck tyres, the industry
is quickly adapting to meet
global market challenges. The
industry is expected to grow in
volume and value terms through- Analysing the information
gathered from sources in
trade, government, technical,
and business, Mayer has put
together an in-depth analytical
study integrating quantitative
and qualitative data. He
has tapped into information
from interconnected supply
chains and from all lifecycle
participants from raw material
suppliers to OEs, manufacturers,
distributors and marketers,
motorists and fleet managers. In
an interview to Tyre Asia, Mayer
says that the underlying growth
fundamentals of the global tyre
industry are good across end-use
sectors and regions
Growth in volume,
value to continue
TA News Bureau
T
yre makers all over the world still
face enormous challenges in terms of
demand shifts, raw material usage,
impact of regulations, changingtrends in design, production and distribution.
Smithers Rapra, which has global coverage
of the tyre industry, studied these issues to
give exclusive insights into the tyre industry’sArt Mayer