Released on = April 16, 2007, 9:09 pm

Press Release Author = Bharat Book Bureau

Industry = Marketing

Press Release Summary = The apparent UK market for tyres was valued at £1.3bn in
2004, which was 3.1% higher than its value in 2003. The market had fallen back in
2001 but showed a strong rise in 2002, boosted by the strength of the UK vehicle
manufacturing sector, and has remained relatively stable since then.

Press Release Body =
The Tyre Industry - Market Report

The apparent UK market for tyres was valued at £1.3bn in 2004, which was 3.1% higher
than its value in 2003. The market had fallen back in 2001 but showed a strong rise
in 2002, boosted by the strength of the UK vehicle manufacturing sector, and has
remained relatively stable since then.

The main product sectors are tyres for passenger vehicles, tyres for light
commercial vehicles, tyres for heavy commercial vehicles and tyres for agricultural
vehicles. Other sectors include tyres for civil engineering vehicles, industrial
vehicles, motorcycles, bicycles and aircraft, and retread tyres. Inner tubes and
tyre flaps are other minor sectors. Passenger car tyres make up the largest sector
of the market.

Among the major factors currently affecting the UK market are: legislation that
prohibits the disposal of tyres in landfill sites, which is due to come into force
in 2006; the growing strength of China as a major tyre-manufacturing location; the
increasing share of the UK tyre market accounted for by imports; and the high price
increases in the cost of the raw materials used for tyre manufacturing.

The high-performance sector of the tyre market has experienced continued growth,
boosted by sales of sports cars and 4x4 vehicles. By contrast, sales of retread
tyres for passenger cars are in long-term decline, with these tyres now being used
predominantly for commercial vehicles.

The world tyre market is dominated by three major international groups: Bridgestone,
Goodyear and Michelin. These, along with other leading global players, such as
Continental, Dunlop and Pirelli, are also dominant players in the UK market.

The overall value of the market is forecast to fall slightly in 2005 and 2006,
before showing modest year-on-year growth to the end of the forecast period (2009).
The passenger car \'mass\' tyre market is not forecast to demonstrate much growth, but
certain specialised sectors within it are expected to perform better. Sales of tyres
for commercial vehicles are also predicted to show some growth.



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