The European Tyre and Rubber Manufacturers’ Association published its members’ replacement sales for the second quarter 2021, with Q2 2021 data confirming the positive evolution started in Q1 of this year, reinforcing the recovery trend of the industry.
Q2 Results for Agricultural and Truck Tyres Signal Recovery
All segments (including consumer tyres) have registered a positive evolution compared to the second quarter 2020 and this second positive quarter is a good signal for the industry and society, after the unprecedented impact of Covid-19 pandemic. The truck segment has seen 42% growth in comparison to Q2's figures in 2020 with the replacement agricultural tyre market lagging behind with 6%. However, with Q2 in 2020 heavily impacted by the major lockdowns across Europe, these figures must be taken with a pinch of salt, as once we look further back to 2019 the variations show a 9% and 2% change respectively.
“The second quarter positive results in all the segments are very promising for the recovery of the tyre industry and for the society. We are relieved and confident to see that, also thanks to the vaccine campaign, the world is restarting to move again”, said Mrs Cinaralp, Secretary General of ETRMA.