Industry News

Alliance Tire Group Expands its Product Portfolio in US

United States: Alliance Tire Group has extended its product portfolio of Severe Duty Solid (SDS) tires by adding all new skid steer tire in their existing range of products. The brand-new launch, Galaxy Hulk Deep-Tread SDS is designed with huge block tread pattern and provides higher load capacity.

The company, with its new launch of Hulk Deep-Tread SDS, is expected to target a special segment of off-road vehicles which tend to function in severe conditions and include waste-handling facilities, rock quarries, steel mills, scrap metal yards and several other high tension conditions which require a lot of wear and tear in their operations.

The new product has been launched in two sizes- 30x10-16 and 33x12-16 and will complement the existing range of company’s Beefy Baby and Yardmaster lines.

As per TechSci Research, the decision of introducing new tire for skid steers by Alliance Tire Group would expand and strengthen the product portfolio of the company in the country. Furthermore, the focus of company on solid tires is expected to cater to the rising demand for Off-Road tires efficiently in the country.

According to a recent report published by TechSci Research, United States Tire Market Forecast & Opportunities, 2021”, The vehicle fleet of the country is dominated by passenger car segment, followed by light commercial vehicles, medium and heavy commercial vehicles, off-the-Road (OTR) vehicles and two-wheeler segment. As a result, the passenger car tire segment held the largest volume share in the country’s tire market in 2015, and its dominance is anticipated to continue during the forecast period as well. Leading global tire companies operating in the United States include Bridgestone, Goodyear, Michelin, Cooper, Continental, Sumitomo, Hankook, Yokohama, etc. Increasing automobile sales paired with increasing vehicle fleet are expected to drive the country’s tire industry through 2021. Moreover, growth in the country’s tire industry is backed by increasing sales volume of different vehicle segments, which is resulting in expansion of replacement automotive fleet in the US.

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