Toyo Introduces Two New Tires in Open Country Line
USA: Toyo Tires has
introduced two new tires, thereby expanding its Open Country line of tires. The
launch includes Open Country Q/T premium all-season touring tire and Open
Country C/T on-/off-road commercial grade tire. The Open Country Q/T is
specially designed for CUVs and SUVs, whereas the Open Country C/T tire is
designed to fit ½-ton to 1-ton pickups. Toyo also said that these tires fit
into the Open Country offering from M/T to R/T to C/T to A/TII to H/T to Q/T.
Furthermore,
the Open Country Q/T is available in 35 sizes for rim diameters ranging from
16-22 inches. The tires are available with a 65,000-mile tread wear guarantee
and also provides customers offers to test out the tires for 45 days or up to
500 miles before returning them, if not satisfied, under “No Regrets” trial
offer provided by Toyo. The company has stated that both models of newly
launched tires are available for sale in the market and dealer can also take
benefit through product training for the new tires.
As per
TechSci Research, introduction of two new tires by Toyo for light trucks is
anticipated to increase the market share of the company in United States tire
market, as the open country light trucks tires accounts for more than half of
Toyo Tire U.S.A. Corp.'s consumer tire sales.
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.