Ongoing transformation of the global tire industry
This paper tracks changes across the world’s tire industry, and projects to the future. For the big brands, changes include reviews of corporate strategies, digitization and moving to mobility service providers – and slowly withdrawing from car tires under 17 inches. In China, it has meant consolidation of smaller tire makers and international expansion and greater professionalism for the bigger ones. Everywhere, it means focusing on sustainability, digitization and developing new skills within the workforce. For the future, it means more flexibility; more collaboration and yet more focus on sustainability.