Global Tire Industry: A Case Study
Tires’ demand arose predominantly in the two areas of Original Equipment Manufacture (OEM) and replacement. The OEM demand dwindled with the manufacture of automobile and construction equipments while the on-road vehicle population, road conditions, etc., played a role in the fluctuating demand for replacement tires. The global tire market, which slumped due to the recession of late 2008 and 2009, soared in 2010 by nearly 20%.ii However, the global tire industry, which was valued at US$140 billioniii in 20102011– with the replacement market accounting for three-forth of the total sales – was expected to grow at an average rate of 13%. The top three companies – Japan‘s Bridgestone (16.2% market share), France‘s CampagnieGenerale des Establissements Michelin2 (Michelin) (15.5%) and US‘s Goodyear Tire & Rubber (12.4%)iv – accounted for 44% of the global sales. US‘s Continental Tyres, Pirelli of Italy, and Sumitomo of Japan were the other major players in the global tire market (Refer to Exhibit I for the list of world’s top 10 companies). While mature markets accounted for 70% of the demand, over the next five years (2011–2016), the demand was expected to come from fast growing newer markets, which included China and India. Sensing the …show more content…
MRF (3032%), Apollo Tyres (20-22%), JK Tyres (15-16%), and CEAT were the major players and they accounted for 63% of the total industry turnover of Rs.3 250 billion in 2009-2010vi (Refer to Exhibit II for the competition among top Indian tire manufacturers). Modi Rubber, Kesoram Industries, and Goodyear India, with 11%, 7%, and 6%vii share respectively were other key players. Dunlop, Falcon, Tyre Corporation of India Limited (TCIL), TVS-Srichakra, Metro Tyres, and Balkrishna Tyres were some of the other players in the industry which manufactured various segments of tires (Refer to Exhibit III for segmental market share among key Indian
Town Fair Tire Interview Report
914 Words | 4 PagesFor my interview, I was put in contact with a regional manager for Town Fair Tire by the name of Jim Fuller. I chose to work with Jim because he too has a degree in Business Administration and much like myself started in an entrée level position and worked his way up through Town Fair Tire to become the North East Regional Manager. I met with Jim on a Saturday at my tavern and talked to him about his career over a pint of Newcastle. My first and pressing question was, why Town Fair Tire? I mean sure, I’m sure it’s nice being the regional manager, but why stay on, was becoming a manager the end goal?
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1681 Words | 7 PagesThe current state of the automotive industry is one of shrinking margins, changing consumer expectations and demands, as well as pressure from the government to increase fuel efficiency. There is increased competition in the American market as foreign companies challenge the “Big Two” automotive manufacturers. Costs increase while the price for their products has remained stagnant. One way that manufacturers have managed to stay profitable is actively working to decrease costs while needing to keep the selling price the same in order to be competitive. The most successful ones have changed their relationships with suppliers to a partnership between the two companies.
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927 Words | 4 PagesIt is currently the four largest tire manufacturing company in the United States. In addition to Cooper Tire, Goodyear, Michelin, and Bridgestone/Firestone are the top competitors in the global automotive tire manufacturing industry. Five Force Analysis 1. Competitive Rivalry Competitive rivalry can be defined as the
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1085 Words | 5 PagesBy 1928 at least one of every two families had a car, which led to mass production by the three major companies General Motors, Ford and Chrysler. The car manufacturing industry became the fourth largest industry in Canada. Many soldiers returned to unemployment as munition factories shut down. However jobs opportunities were created in a multitude of industries, reducing unemployment rates. As a whole, the growth of demand for new products, as
How Did The Model T Affect The Economy
667 Words | 3 PagesThe mass production of cars required huge quantities of steel; new rolling mills had to be built to supply sheet steel for car bodies. Rubber factories boomed with the demand for tires, and paint and glass suppliers had more business than ever before. The auto changed the pattern of city life, leading to a suburban explosion; the automobile affected all aspects of American life in the 1920s(Brands, 584). This car was beneficial for everyone, humans and industries, and was one of the most important developments in modern transportation
Process Essay: How To Change A Tire
723 Words | 3 PagesHow to Change a Tire Many drivers find themselves in a situation where they have to change the tire of their car due to a tire burst or flat. Ties often become deflated due to the wrong pressure or due to getting in contact with sharp objects such as glass or nails. It is surprising to know that many drivers do not actually know how to change a tire hence left stranded in the middle of the road. Most times they are assisted by others who offer to change the tire for them.
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1506 Words | 7 PagesAn organization that has a team or horizontal style of work structure and management is called as contemporary organization. Instead of a strict hierarchy, the power is spread out to the whole team in the contemporary organization. It is a more responsive and flexible. Traditional organization is changed to the contemporary organization of business. The traditional organization style concentrated on a pyramid order, with supervisors and managers controlling all components of the representatives beneath them, including interpersonal connections, ventures and disciplinary activities.
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Hottone Tires Dock: A Case Study
932 Words | 4 PagesSituation: Concerns and reports about the congestion at shipping dock. Scope: It has been brought to my attention that at Hotstone Tires docks, congestion is a major issue, as pallets of materials has been chosen to be transported with the forklift to tractor outbound tractor trailer. This problem has made the process tedious for stock picking employees, and employees having no choice but no options but to wait their turn, and also go long distance to the ware house to pick up other order to process and put products on the trucks. Since this is not efficient and is potentially slowing down the work process a new system will be implemented to control the smooth flow of traffic, which will enhance and benefit all parties involved in the work
Impact Of External Business Environment On Automobile Industry
1406 Words | 6 PagesSUMMARY In this report, I am explaining how the impact of External Business Environment on Automobile industry in UAE. Also, how the external environment factors are dominant on the growth of an industry including dimensions of management, human resource, marketing and IT tools used in the Industry. INTRODUCTION
Tata Motors Case Study
1250 Words | 5 PagesBefore the deal, TATA Motors was the leading manufacturer of commercial vehicles and small cars in India. The company was established in 1945 as a family business and also owns the world’s cheapest car Nano . Prior to 2008, the company had limited global footprint and almost negligible presence in luxury car segments. Tata Motors also launched India’s first Sports Utility Vehicle (SUV) in 1991 and India’s first fully indigenous passenger car, the Tata Indica, in 1998. TATA Motors is also listed on the New York Stock Exchange (NYSE) starting September 2004.
Honda Motor Company Case Study
3635 Words | 15 PagesThe Honda Motor Company, Ltd. was formerly established in the great country of Japan in 1949 by Soichiro Honda and Takeo Fujisawa. The first product that was introduced to the world was called the “Dream” D-type motorcycle. The main focus that founder Soichiro Honda built the company around was to create new values and not to imitate other companies who produced similar products. In 1959, Honda Motor Company, Ltd. entered into the Unite States as the American Honda Motor Company. They settled in Los Angeles, California and was known as the first international subsidiary of Honda Motor Company,
Porter's Five Forces Analysis Of Tesla
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Maruti Suzuki Case Study
2531 Words | 11 PagesThey started out with providing customer satisfaction, which was not the trend in automobile sector during those days. They are credit to have brought a revolution in the sector, to be the first company to be a mass production company, and sell more than a million cars in a year. The company has 2 manufacturing plants in Gurgaon and Manesar, which have a joint production capability of 1.5 million vehicles annually. A third plant is being proposed to be functional very soon in Mandal, Gujarat.
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