Premium Tyre Makers Continue to Lead Global Top 20

Global premium tyre makers continue to lead tyres & accessories annual ranking of the leading tyre manufacturers as reported by Tyrepress. Owing to the fact that all five of the top five firms have remained stable in their positions, it is difficult to view the chart very differently. Indeed, stability is the order of the day on this year’s table, with 12 of the 20 keep the same positions as last year.

But that doesn’t mean that nothing’s happening. On the contrary. While Pirelli for example maintains 5th position on most recently table, which is based on full-year 2016 financial results, this position does not take into account the separation of Pirelli consumer and industrial businesses.

The report states that neither does it cover the integration of Pirelli owner ChemChina’s other tyre assets (Aeolus, Double Happiness, Yellow Sea) back into the respective post separation Pirelli and Promoteon businesses. At the same time, this year Sumitomo has leap frogged Hankook into sixth place by a hair’s breadth.

Therefore, is the newly separated Pirelli consumer only business is anywhere near a billion euros smaller than its previous combined self is likely that fifth place will be very much in contention this time next year.

Other notable changes include Cooper jumping over Giti back into 10th position. And what’s more – based on 2016 figures – there is now 200 million euros of clear water between the companies, which doesn’t make it easy for Giti to return to 10th place by this time next year.