Goodyear Launches a New High Load Tire in European Market
Europe: Goodyear announced the
introduction of new updated High Load version for its Fuelmax T trailer tire.
The HL 385/65R22.5 is an axle tire designed for a load capacity up to 10 tons, to
meet the growing demand of such type of tires in the European countries, which
are adopting higher vehicle weights. The new size also comes with EU tire label
for highest A grade in fuel efficiency.
More than three-fourth of the European countries
have mended their regulations to include axle weights more than the standard 40
tons on five-axle articulated vehicles. The new tire has been designed considering
the growing demand for high load trailer tires with load carrying capacity over
40 tons.
Further, the new tire
features Fuelmax Technology, and has a load/speed index of 164K/158L, which
provides both high levels of robustness along with high load carrying capacity.
The High Load 385/65R22.5 also carries a M+S designation which fulfills the
winter tire requirements across Europe.
As per TechSci Research, with
introduction of the new tire, the company is expected to cater the rising
demand of heavy load capacity tires in more efficient way across European
region. Furthermore, by expanding its product line in European region, the
company is expected to dominate in commercial vehicle tire segment across the
region in the coming years.
According to a recent report published by TechSci Research, “Europe
Tire Market Forecast and Opportunities, 2021”, tire
market in Europe is projected to cross $49 billion by 2021 on account of anticipated
stabilization of crude oil price, expected rise in the vehicle sales and
expanding vehicle fleet. The vehicle fleet in the region is dominated by the
passenger car segment, followed by the commercial vehicle segment.
Consequently, the passenger car tire segment held the largest share in Europe’s
tire market in 2015, and its dominance is anticipated to continue during the
forecast period. Growing per capita income and anticipated increase in the
launch of new vehicle models are few of the key factors expected to drive
demand for passenger car tires in Europe over the next five years. Though
traditional retail stores are the most preferred mode of selling tires in
Europe but with the increasing internet penetration & advantages offered by
online tire selling websites, car owners in the region are increasingly
inclining toward online channels for purchasing tires.