BRUSSELS — Replacement market demand in Europe for car, truck and motorcycle tires spiked in the second quarter, "reinforcing" the industry's recovery from the depths of the COVID-19 market implosion a year ago, new industry data show.
Industry shipments in these three categories were all up over 40% in the April-June period, according to the European Tyre & Rubber Manufacturers' Association (ETRMA) latest report, while shipments in the agriculture segment — which was much less affected a year ago by the pandemic — rose about 6%.
The second-quarter spike pushed the half-year performance as well, with shipments up at least 25% in the three main categories.
For the quarter, consumer tire shipments jumped 43.7% to 50.2 million units, a level that's nearly on par with shipments in the 2019 period, the ETRMA data show. For the half year, the growth was 25.3% to 104 million units.