market data Archives - Page 3 of 11 - Tire Review Magazine
Tracking Seismic Shifts in the Tire Industry

Since the beginning of the pandemic in April 2020, the US economy has been under constant pressure: inflation, interest rates and gas prices have created a super-challenging marketplace. The tires ecosystem itself has faced a series of seismic jolts – the supply chain in triage, global factories shuttering and at-home workers creating a decline in

Hankook Survey Reveals American Holiday Travel Statistics

Hankook has released the newest installment of its ongoing consumer survey. The company found that 53% of Americans plan to travel by car between now and the end of 2022, compared to 30% who plan to fly. Cost is a key consideration for Americans who intend to travel more than in previous years. When deciding

China Tire Industry Still Recovering from COVID Lockdowns

China has been the largest global producer and consumer of tires since 2005. Tire production and consumption has registered very healthy growth in the 21st century, yet in the last few years, especially the last two, the market has proven to be very challenging for domestic and foreign companies operating in the country. More than

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Tire Industry in India: Exports Remain a Pillar of Growth

Supported by a vibrant domestic automotive industry, the Indian tire industry has been among the fastest-growing on a global scale during the past decade. With a total of 66 production plants and 41 tire producers (in all the sub-segments), the Indian tire industry registered a turnover of $8.5 billion in the financial year 2020-21. Exports

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Indonesian Tire Market Makes Major Gains

Indonesia has emerged as one of the largest producers and consumers of tires in the dynamic South East Asia region during the last decade. The country boasts some of the leading names in the global tire industry and has witnessed a period of high growth followed by a lull in demand over the last ten

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What Data Tells Us About EV Hype

Love them or not, EVs are hugely gaining popularity – at least in the sense that we can’t help but talk about them all the time – thanks to a number of market factors, gas prices being chief among them. In fact, according to data released by Hankook Tire in August, 26% of survey takers

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AutoLeap Releases Data on the State of the Auto Repair Industry

Automotive repair software company AutoLeap released the State of the Auto Repair Industry Benchmarking Report for 2022. According to the report, AutoLeap obtained data through a comprehensive survey of nearly 300 owners and managers of auto repair shops across North America. The company says it also spoke to various industry experts to collect insights on

IMR Releases Study on the American Perception of Trade Jobs

IMR has released its latest insights regarding the perception of the trades as a career path within U.S. households. This study surveyed 25,000 nationally representative households during the first quarter of each year since 2020. Thirty-nine percent of households surveyed fully agree that there are unfilled positions in the automotive service industry, providing high job

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AASA, Auto Care Association Release Trends Report on EVs, E-Commerce

Together, the Automotive Aftermarket Suppliers Association (AASA) and the Auto Care Association (ACA), commissioned the 2022 Joint E-Commerce Trends and Outlook Forecast and the 2022 Joint EV Trends and Outlook Forecast to provide the auto care industry with the insights needed to navigate the rapidly evolving industry. Released at AAPEX Show 2022, the reports are

TechForce CEO: The Tech Shortage Will Pass if the Industry Steps Up Now

This year’s Transportation Technician Supply and Demand report, released Nov. 1, might make you involuntarily suck your teeth. Compiled annually by the TechForce Foundation, the report helps us understand the current and projected shortfalls of professionals needed to service the nation’s automotive fleet. Here’s a breakdown of some of the stats that blew our hair

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Consumer Survey Shows Greater Trust in Service Professionals

In a survey conducted for the National Institute for Automotive Service Excellence (ASE), automotive service providers have gained more trust and respect among the motoring public than in recent years. The ASE says b4 Branding surveyed almost 1,500 vehicle owners across the country and over 70% reported increased levels of trust in manufacturers, dealerships, independent

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Tire Market Predictions for 2023

Welcome to Rolling With The Numbers, where we present you with data that gives tire dealers information to keep their tire businesses rollin’, based on research conducted with our independent tire dealer audience and beyond. This week, we’re taking a closer look at indicators in the automotive aftermarket that should help us to predict where

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