Industry News

Kraiburg Plans to Expands its Product Range in Winter Tires

 Austria based Kraiburg preparing to launch K702 plus range of tires for cold climatic conditions.

Austria: Kraiburg is planning to launch its new K702 plus range of tires for their fitment in city buses. These tires have some excellent qualities like exceptional braking and traction features. The tires are made for snow covered as well as wet road surfaces. Moreover, these tires are capable of delivering high mileage. Further, the new tire model offers even levels of wear and tear at lower operating temperature owing to the usage of K-plus compounds. In addition to this, usage of irregular tread further reducing the noise associated.

“Our new tread fully meets our developmental goal of low operating costs together with high safety and optimal mileage. Its high quality and gut price-performance ratio makes it very attractive for regional applications,” said Christoph Priewasser, product manager, Krieburg Austria.

According to a recent report published by TechSci Research, “Austria Tyre Market Forecast & Opportunities,2020”, passenger cars and two-wheelers are anticipated to collectively account for more than 80% of the total automotive sales in Austria in 2020, followed by light commercial vehicles, medium & heavy commercial vehicles and OTR vehicles. However, highest growth over the next five years is expected to be exhibited by light commercial vehicle tire segment, followed by passenger car tire segment, OTR vehicle tire and two-wheeler tire segment. Passenger cars account for the largest share in the country’s vehicle fleet, followed by two-wheelers and commercial vehicles. The same trend is expected to continue over the next five years as well, because of which passenger car tire segment is expected to dominate Austria tire market during the forecast period.

TechSci Research believes that, introduction of new tires in the winter tire line would expand the product portfolio of the company, which is anticipated to support the market share of the company in Austria tire market.

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