Michelin tyres have stated that 17 in. and larger tyre si es defined to be performance tyres now account for roughly 25% of the UK tyre market.? There\’s been an overall decline of around 9% in the passenger tyre market since 2011 yet this individual sector has grown by a massive 17%.
The cause of this is said to be that car manufacturers are trying to provide a unique package to the customer and are supplying increased wheel and tyre si es to lure clients in to purchasing a new car. This growth saw the 17 inch generous si es now account for 25% of the market has come at the expense of the 13-15 in. tyre si es. Within this market around 90% is made of tyre si es 17-18 inches while it is said that the quickest growing si e is 21 in. and higher while still only 3% overall has actually doubled in volume.
This change in the market has seen problems for the conventional tyre dealer to work out what si es they should stock and have on fast delivery from a wholesaler.? Some of the preferred 17 in. and 18 in. si es are now working there way on to the stock thanks to the demand.
These changes have also had an effect on customers who are typically used to buying tyres for a 15 in. wheel and have an idea of cost then are surprised to learn the cost of for instance an 18 in. tyre.? Michelin however believe this move towards larger rims will continue but they do expect a decrease in width to aim towards more fuel-efficient cars. Aesthetically Michelin recognise there\’ll be some resistance to decrease in widths but they feel it is an inevitable change over time with the existing ecological concerns.
However Michelin has claimed with these increased and varied si es it is causing some problems in manufacturing to guarantee there\’s the right balance between performance and total cost. Michelin tyres acknowledge they are one of the more expensive options for purchasers but want to reinforce the advantages of their advanced research and technology while accepting even in this high-performance market there are limits to what the client will pay.
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Michelin to target the increase in performance tyre si es
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