Michelin Re-launches Defender Tire Range in North America
French
tire maker strengthens passenger car tire range with launch of new tires
United
States: Michelin North
America Inc. is going to expand its product portfolio by relaunching defender
line passenger car tire by adding an H speed rating tire enabled with a new
tread compound design ideal for consistent treadwear. The new defender tire is
being offered in 12 sizes, ranging from 205/60/R16 92H to 215/55R18 95H. The
company further plans on expansion of the existing range with addition of 20
more sizes by end of year.
As per the company, “The Defender is
targeted at owners of some of the most popular sedans and minvans on the
market, including the Buick LaCrosse, Chevrolet Malibu, Chrysler Pacifica, Ford
Focus, Honda Odyssey, Nissan Altima and Toyota Sienna”.
“We know that many consumers make
tire-purchasing decisions based on warranty and price, but tire warranties,
unfortunately, do not always accurately reflect the actual wear performance of
a tire," "Our testing shows that specific tires from several leading
competitors with mileage warranties between 80,000 to 90,000 miles will have a
difficult time delivering the wear-life proclaimed by their mileage warranty”
said by Scott Clark, chief operating officer, Michelin North America.
TechSci Research depicts that the decision made by the company to relaunch
defender line of passenger car tire will give the company an access to a huge potential customer
base present across the region. Eventually, the step taken by the company would
generate an emerging demand for passenger car tires, which would influence the
overall tire industry globally in coming period leading to the growth of the
company in the country’s tire market.
According
to a recent report published by TechSci
Research, “United
States Tire Market Forecast & Opportunities, 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. Increasing
automobile sales paired with increasing vehicle fleet are expected to drive the
country’s tire industry through 2021. Moreover, growth in the country’s tire
industry is backed by increasing sales volume of different vehicle segments,
which is resulting in expansion of replacement automotive fleet in the US.