Toyo Tire is poised to expand its M920 range of tires by adding new tire sizes for all weather conditions

USA: Toyo Tire U.S.A. Corp. has decided to incorporate three new tire sizes namely 1R22.5 LRG, 11R22.5 LRH and 295/75R22.5 LRG to its M920 product line. These tires are suitable for use in all weather conditions. Moreover, these tires exhibit longer tread life and offer less wear and tear. In addition to this, these tires offer better traction as well as better tread block design.

“Toyo Tire is committed to creating innovative new products with the fleet customer in mind. The M920 is designed to perform in all road conditions while delivering long tread life and retreadability, lowering the cost per mile for the end user”, said Mike Graber, senior product manager, commercial truck tires, Toyo Tire.

According to a recent report published by TechSci Research, ”United States Tyre Market Forecast & 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.

TechSci Research believes that, by introducing these new sizes in the M920 product line, the market share of Toyo Tire is anticipated to increase over the next few years.