Industry News

Omni expands product line by adding all season tire to radar brand

Michigan, United States: Omni has expanded its product portfolio by adding premium all-season sport-touring tire for SUVs and other passenger cars “Dimax AS8”. The new tire possess large lateral grooves and asymmetric tread pattern, which offers higher traction in the icy and snowy condition. Moreover, the tire has been designed using optimized tread compound technology, which enables the new tire model to offer higher mileage along with a Uniform Tire Quality Grading (UTQG) rating of up to 600 AA.

The company has announced a 50,000-to 60,000-mile warranty for its new tire model Radar Dimax AS8. The warranty will be provided for 79 tire sizes in 16- to 24- inch rim diameters in the three phases. The company has released 30 tire sizes of this new tire model and the remaining would be introduced by the end of this 2016.

According to a recent report published by TechSci Research, “United States Tyre Market Forecast and Opportunities, 2020”, replacement tire segment accounted for more than 80% share in the United States tire market in 2014. However, the share of replacement tire segment is expected to decline over the forecast period, due to faster growth anticipated in the OEM tire segment. Passenger car tire segment accounted for the largest volume share of more than 80%, in the market in 2014, followed by light commercial vehicle, medium & heavy commercial vehicle, OTR and two-wheeler tire segments. Major tire players operating their tire manufacturing facilities in the US include Bridgestone, Goodyear, Continental, Pirelli, Michelin and Yokohama. As per TechSci Research, expansion of product line by Omni United Pte. Ltd. is poised to strengthen the market share of the company in the Unites States tire market.

Relevant Reports

Global Automotive Fuel Tank Market By Vehicle Type (Passenger Cars, Two-Wheelers and Commercial Vehicles), By Capacity (<15L, 15L-45L, 45L-70L & >70L), By Region, Competition, Forecast & Opportunities,

Automotive | Sep, 2020

Increasing vehicle production and stringent norms imposed by governments towards reducing vehicle weight and lower fuel consumption is driving automotive fuel tank market

Relevant News