Continental Introduces New Tire Range for Small Commercial Vehicles
The
renowned German tire manufacturer has launched an all-new tire range for small
commercial vehicles with multiple sizes
Germany: Continental announced to introduce a
new tire range for small commercial vehicles (SCVs) segment, by the name Graber
HD and G- Max AS-05.
Continental in an official statement
commented that the Grabber HD is a heavy-duty all-season commercial light truck
& van tire, which is designed to deliver long even tread life, durability,
confident traction as well as handling.
On the other hand, the G-Max AS-05
features an asymmetric tread pattern with an ultra-high performance on road.
The Smart Grip Technology in G-Max AS-05, offers sporty performance on dry
roads and footed grip in wet road conditions. Other features of G-Max AS-05 include
Stabili Tread Technology, which endorses extended wear & tear as well as longer tread life. Besides
that, the G-Max AS-05 tire also has Smart Monitor indicators that alert the
driver when the vehicle is misaligned or when the tire needs to be
replaced.
The Grabber HD tire would be available
in 11 different sizes by the company. Whereas, the G-Max AS-05 would be offered
in 54 sizes, ranging from 16 inches to 22 inches diameters.
As per TechSci Research, by launching an
all new tire range, Continental would able to expand its product portfolio and
its offering for the consumers in the market. By claiming the compatibility of
the new range tires, Continental is further expected to intensify the
competition among the prominent tire players of Germany in coming years.
According to a recent report published
by TechSci Research, “Germany
Tyre Market Forecast & Opportunities, 2020”, the tire market in Germany is forecast
to grow at a CAGR of around 7% during
2015-20. Changing purchasing patterns, expanding consumer base, increasing
urbanization, high R&D investments and introduction of electric and hybrid
vehicles are the major factors propelling growth in the country’s automobile as
well as tire market. The passenger car tire market is the most dominant tire
segment, followed by commercial vehicle tire, two wheeler tire and OTR tire
segments. Demand for hybrid cars that include electric and plug-in cars is also
anticipated to rise in the coming years, thereby further augmenting the tire
sales in the country. The replacement tire segment accounts for the majority
share in Germany’s tire market, and this trend is expected to continue through
2020 due to the country’s large automobile fleet size