Industry News

Goodyear Launches a New High Load Tire in European Market

Europe: Goodyear announced the introduction of new updated High Load version for its Fuelmax T trailer tire. The HL 385/65R22.5 is an axle tire designed for a load capacity up to 10 tons, to meet the growing demand of such type of tires in the European countries, which are adopting higher vehicle weights. The new size also comes with EU tire label for highest A grade in fuel efficiency.

More than three-fourth of the European countries have mended their regulations to include axle weights more than the standard 40 tons on five-axle articulated vehicles. The new tire has been designed considering the growing demand for high load trailer tires with load carrying capacity over 40 tons.

Further, the new tire features Fuelmax Technology, and has a load/speed index of 164K/158L, which provides both high levels of robustness along with high load carrying capacity. The High Load 385/65R22.5 also carries a M+S designation which fulfills the winter tire requirements across Europe.

As per TechSci Research, with introduction of the new tire, the company is expected to cater the rising demand of heavy load capacity tires in more efficient way across European region. Furthermore, by expanding its product line in European region, the company is expected to dominate in commercial vehicle tire segment across the region in the coming years.

According to a recent report published by TechSci Research, “Europe Tire Market Forecast and Opportunities, 2021”, tire market in Europe is projected to cross $49 billion by 2021 on account of anticipated stabilization of crude oil price, expected rise in the vehicle sales and expanding vehicle fleet. The vehicle fleet in the region is dominated by the passenger car segment, followed by the commercial vehicle segment. Consequently, the passenger car tire segment held the largest share in Europe’s tire market in 2015, and its dominance is anticipated to continue during the forecast period. Growing per capita income and anticipated increase in the launch of new vehicle models are few of the key factors expected to drive demand for passenger car tires in Europe over the next five years. Though traditional retail stores are the most preferred mode of selling tires in Europe but with the increasing internet penetration & advantages offered by online tire selling websites, car owners in the region are increasingly inclining toward online channels for purchasing tires.

Relevant News