Research and Markets: UK Tyre Market Affected by the Growing Strength of China as a Major Tyre-Manufacturing Location.DUBLIN Dublin, city, Republic of Ireland Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c21771) has announced the addition of The Tyre Tyre (tīr), ancient city of Phoenicia, S of Sidon. It is the present-day Sur in Lebanon, a small town on a peninsula jutting into the Mediterranean from the mainland of Syria S of Beirut. Industry - Market Report 2005 to their offering. The apparent UK market for tyres was valued at GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.3bn in 2004, which was 3.1% higher than its value in 2003. The market had fallen back in 2001 but showed a strong rise in 2002, boosted by the strength of the UK vehicle manufacturing sector, and has remained relatively stable since then. The main product sectors are tyres for passenger vehicles, tyres for light commercial vehicles, tyres for heavy commercial vehicles and tyres for agricultural vehicles. Other sectors include tyres for civil engineering vehicles, industrial vehicles, motorcycles, bicycles and aircraft, and retread re·tread tr.v. re·tread·ed, re·tread·ing, re·treads 1. To fit (a worn automotive tire) with a new tread. 2. tyres. Inner tubes and tyre flaps are other minor sectors. Passenger car tyres make up the largest sector of the market. Among the major factors currently affecting the UK market are: legislation that prohibits the disposal of tyres in landfill sites landfill site n → vertedero landfill site n → centre m d'enfouissement des déchets landfill site land n , which is due to come into force in 2006; the growing strength of China as a major tyre-manufacturing location; the increasing share of the UK tyre market accounted for by imports; and the high price increases in the cost of the raw materials used for tyre manufacturing. The high-performance sector of the tyre market has experienced continued growth, boosted by sales of sports cars and 4x4 vehicles. By contrast, sales of retread tyres for passenger cars are in long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. decline, with these tyres now being used predominantly pre·dom·i·nant adj. 1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant. 2. for commercial vehicles. The world tyre market is dominated by three major international groups: Bridgestone, Goodyear and Michelin. These, along with other leading global players, such as Continental, Dunlop and Pirelli, are also dominant players in the UK market. The overall value of the market is forecast to fall slightly in 2005 and 2006, before showing modest year-on-year growth to the end of the forecast period (2009). The passenger car `mass' tyre market is not forecast to demonstrate much growth, but certain specialised Adj. 1. specialised - developed or designed for a special activity or function; "a specialized tool" specialized specific - (sometimes followed by `to') applying to or characterized by or distinguishing something particular or special or unique; "rules with sectors within it are expected to perform better. Sales of tyres for commercial vehicles are also predicted to show some growth. Companies mentioned: --Bridgestone UK Ltd --Continental Tyre Group Ltd --Cooper-avon Tyres Ltd --Dunlop Tyres --Goodyear Dunlop Tyres UK Ltd --Hankook Tyre UK Ltd --Kumho Tyre UK Ltd --Michelin Tyre PLC --Pirelli UK Tyres Ltd --Trelleborg Wheel Systems UK Ltd --Watts Industrial Tyres Plc --The Yokohama Rubber Company Ltd --BRISA (Lassa) --Falken Tire Trading --Nokian Tyres --Toyo Tire & Rubber Company Ltd --Vredestein (UK) Ltd --Kwik-Fit For more information visit http://www.researchandmarkets.com/reports/c21771 |
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