What tyres should i buy

The commercial vehicle tyre sector has seen a change in its leading suppliers as a newcomer has shot its way into the third spot after an uneasy time in the sector. The new company Hankook now hold a whooping 20% market share in the commercial tyre industry, pushing other leading brands such as Goodyear, Dunlop and Continental down.

Bridgestone and Michelin have remained as the top two in the sector holding a 26% and 25% share in the market.

2009 has seen a recent fall in the number of commercial vehicle sales, which in turn has had a dramatic effect on the demand for tyres. The total number of replacement tyres sold in October reached just 871,300 compared to that of 1,051,800 units in 2008. Although the company Continental have said that they predict a rise of around 118,700 units towards the end of this year.

Leading companies have warned commercial vehicle owners not to choose the cheap option when purchasing new tyres. While they may be cheap to buy, in the long term they can be more expensive as they have an effect on both fuel consumption and their lifespan in much shorter.

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December 23^rd 2009

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