The industry has expanded during the past five years, after experiencing falls in the years immediately prior. The increase in motor vehicle manufacturing activity spurred industry growth, as tyre demand from vehicle manufacturers expanded. The increase in the number of motor vehicles registered in the United Kingdom during the past five years also stimulated demand and contributed to industry growth. However, import competition, dwindling export sales and reductions in manufacturing capacity challenged growth during the past five years. Industry revenue is expected to increase at a compound annual rate of 3.7% over the five years through 2015-16.
Companies in this industry manufacture rubber tyres for vehicles, equipment, mobile machinery and aircraft among other uses. Manufacturers also produce inner tubes for tyres. The rebuilding and retreading of tyres is also included in the industry. However, general tyre repair, fitting and replacement are excluded.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.