Industry News

Toyo Adds Two Commercial Tires to its M Truck Tire Line

United States: The United States subsidiary of Japanese firm, Toyo Tire U.S.A. Corp., recently expanded its tire portfolio by adding two commercial tires, i.e. M920 drive tire and M149 super single tire to its M-Line range.

The M920 tire is a premium tire specific for long-haul application trucks, which is deployed with all season feature and is suitable in different weather conditions. The tire is incorporated with a wide tread pattern for an advance traction and better performance. Also, the tire gives an excellent performance in wet weather along with a longer tire life and reduced wear tear.

As per the company, Toyo M149 tire is designed to operate on hard surfaces along with providing superior wear performance. The tire is suitable for a range of commercial vehicles ranging from urban front axles to long haul trailers. Besides that, M149 tire would be available in a 385/65R22.5 size as well as a larger 425/65R22.5 size.

"The M920 and M149 have delivered great performance and a lower cost per mile for our commercial customers," said Mike Graber, senior product manager, commercial truck tires of Toyo Tire U.S.A. "These added sizes will expand the applications that will benefit from longer tread life and better retreadability."

TechSci Research believes that the decision made by Toyo tires to expand its current tire portfolio would strengthen the company’s position across the United States market, which would further assist the company to cater the growing demand for commercial vehicle tires in the country. The addition of new tire is further expected to increase the competition among the top players in commercial vehicle segment in the United States.

According to a recent report published by TechSci Research, “United States Tire Market Forecast and Opportunities, 2021’’, demand for tires in the United States is forecast to grow at a CAGR of over 5%, in volume terms, during 2016-2021. 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. The report also portrays huge potential of tire market in Southeast and Midwest regions of the country. The vast demand for tires from these regions can mainly be imputed to the large automobile fleet size, high population density coupled with the rapid urbanization in the area.

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