Toyo Adds Two Commercial Tires to its M Truck Tire Line
United
States: The
United States subsidiary of Japanese firm, Toyo Tire U.S.A. Corp., recently expanded
its tire portfolio by adding two commercial tires, i.e. M920 drive tire and
M149 super single tire to its M-Line range.
The M920 tire is a premium
tire specific for long-haul application trucks, which is deployed with all season
feature and is suitable in different weather conditions. The tire is
incorporated with a wide tread pattern for an advance traction and better performance.
Also, the tire gives an excellent performance in wet weather along with a
longer tire life and reduced wear tear.
As per the company, Toyo M149
tire is designed to operate on hard surfaces along with providing superior wear
performance. The tire is suitable for a range of commercial vehicles ranging
from urban front axles to long haul trailers. Besides that, M149 tire would be
available in a 385/65R22.5 size as well as a larger 425/65R22.5 size.
"The M920 and M149 have
delivered great performance and a lower cost per mile for our commercial
customers," said Mike Graber, senior product manager, commercial truck
tires of Toyo Tire U.S.A. "These added sizes will expand the applications
that will benefit from longer tread life and better retreadability."
TechSci Research believes
that the decision made by Toyo tires to expand its current tire portfolio would
strengthen the company’s position across the United States market, which would
further assist the company to cater the growing demand for commercial vehicle tires
in the country. The addition of new tire is further expected to increase the
competition among the top players in commercial vehicle segment in the United
States.
According to a recent report published by TechSci Research, “United
States Tire Market Forecast and Opportunities, 2021’’, demand
for tires in the United States is forecast to grow at a CAGR of over 5%, in
volume terms, during 2016-2021. The vehicle fleet of the country is dominated
by passenger car segment, followed by light commercial vehicles, medium and
heavy commercial vehicles, off-the-Road (OTR) vehicles and two-wheeler segment.
As a result, the passenger car tire segment held the largest volume share in
the country’s tire market in 2015, and its dominance is anticipated to continue
during the forecast period as well. Leading global tire companies operating in
the United States include Bridgestone, Goodyear, Michelin, Cooper, Continental,
Sumitomo, Hankook, Yokohama, etc. The report also portrays huge potential of
tire market in Southeast and Midwest regions of the country. The vast demand
for tires from these regions can mainly be imputed to the large automobile
fleet size, high population density coupled with the rapid urbanization in the
area.