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FactMR: Tubeless Tire Sales will Show Sharp Recovery in China and India: Fact.MR New Study
Increasing green technology initiatives to enhance uptake of fuel-less and hybrid automobiles, thereby generating lucrative revenue pools for manufacturers in the long-run
ROCKVILLE, MD / ACCESSWIRE / February 12, 2021 / Fact.MR s detailed study on the global tubeless tires market forecasts a moderate yet positive growth trajectory for 2021, as the global automotive industry recovers from a COVID-19 induced trough. The market experienced a significant deceleration in 2020, experiencing an over 5% decline in Q2 and a 3.4% downswing in the third quarter. Despite this, long-term prospects until 2031 appear optimistic, with a projected CAGR exceeding 6%.
Michelin to increase prices on commercial products in U.S., Canada
Michelin is poised to gradually ramp up tire production.
GREENVILLE, S.C. Michelin North America Inc. said it will increase prices in the U.S. and Canada on several commercial products, effective March 1.
The Greenville-based tire maker said it is hiking prices on commercial services; select commercial offers to fleet customers; select material handling products; and select wheels.
The company said the price hikes were due to changing business dynamics of the North American markets.
The amount of the price change will vary by country, across specific products and services based on the highly dynamic market conditions in the supported customer industries.
Michelin Implements Price Increase on Select Commercial Offers in the North American Market
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Commercial Services;
select material handling products;
and select wheels,
in the United States and Canada due to changing business dynamics of the North American markets effective on March 1, 2021.
Price changes vary by country across specific products and services based on the highly dynamic market conditions in the supported customer industries. Details will be presented directly to dealers and fleet customers with additional questions addressed directly through account managers.
About MICHELIN NORTH AMERICA
Dedicated to the improvement of sustainable mobility, Michelin designs, manufactures and sells tires for every type of vehicle, including airplanes, automobiles, bicycles, earthmovers, farm equipment, heavy-duty trucks and motorcycles. Michelin also offers a full range of innovative services and solutions that help make mobility safer, more
Michelin adds 30 sizes to CrossClimate2 tire lineup
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GREENVILLE, S.C. Michelin North America Inc. said its CrossClimate2 tire portfolio now fits 76 percent of the best-selling automobiles and crossover vehicles in today s market, after adding 30 sizes to the product s lineup.
Michelin called the all-season tire, which originally was released in 25 sizes last August, its biggest passenger tire innovation in 20 years, with the expansion making it available to a large segment of North American drivers.
At a virtual introduction of the tire last year, Michelin Chairman and President Alexis Garcin said the product will completely redefine the all-season category.
According to the tire maker, the CrossClimate2 s V-formation tread pattern works with the tire s rubber compound to deliver multiple attributes, including: