Manufacturers Reduce Stockpiling with Production Cuts during Coronavirus

Companies in the rubber tire market are facing rising inventories and are planning on production cuts during the coronavirus pandemic. As such, COVID-19 vaccines are anticipated to boost the demand for automobiles. Even Bridgestone Corporation is boosting its credibility credentials by offering US$ 100 incentive to the U.S.-based employees who choose to be vaccinated.

A major slump in the tire demand is affecting the growth of the rubber tire market. This has led to a sharp decline in natural rubber prices. Producers are working on strategies to reduce stockpiling by bringing into effect production cuts. As such, stock lifting from factories and transporting the same to auto manufacturers is taking place in a staggered manner. Thus, essential applications in agriculture tractors, construction vehicles, and public transport vehicles are helping to keep economies running during the COVID-19 crisis.

Request a sample to get extensive insights into the Rubber Tire Market

Radial Tire V/S Bias Tire: Which is Better for Agriculture Tractors?

Bias tires, also known as diagonal tires, offer smooth ride on rough surfaces with enhanced operator comfort whilst withstanding higher loads. However, durability, increased traction, and productivity of radial tires are grabbing the attention of manufacturers in the rubber tire market and farmers alike.

Radial tires enable construction that allows the sidewall and tread to function independently. Hence, Firestone Tire and Rubber Company is capitalizing on this opportunity to boost its production of radial tires for tractors to lend flexibility and strength to tires, resulting in increased durability and improved tread wear.

Get More Press Releases by TMR:

Highly Versatile Pneumatic Tires Gain Prominence in Forklifts

There is a growing demand to improve the efficiency and productivity of forklifts to cast a positive impact on the operation’s bottom line. Yokohama, a Japan-based rubber and tire company, is increasing its production capabilities in pneumatic radial, pneumatic bias, resilient solid tires, and press-on band tires to meet client specifications.

Pneumatic radial tires are superior in dissipating heat, and have set the gold standard for forklift tires used at bustling construction sites, busy warehouses, and fast-paced ports. Pneumatic bias and radial tires are being highly publicized for jobs in tough terrain, and provide more ground clearance than press-on band tires.

Purchase our premium research report @

Airless Tires Being Touted as Future of Mobility with Reduced Maintenance Specifications

Airless tires are a breakthrough innovation in the rubber tire market. Michelin Group, a France-based multinational tire manufacturing company, has gained recognition for its new UPTIS puncture-proof airless prototype at the Tire Technology Expo Conference. New mobility needs and growing environmental challenges in the automotive industry have compelled manufacturers in the rubber tire market to innovate in airless tires.

The automotive industry is undergoing an unprecedented transformation giving rise to innovation in sustainable mobility. Airless tires are an innovative puncture-proof solution to replace conventional rubber tires in passenger vehicles. Companies in the rubber tire market are making use of high-tech materials to develop airless tires that serve the area of energy efficiency, reduce maintenance, and lower material consumption.

About TMR

TMR is a leader in the market research space providing end-to-end business solutions and consulting services. TMR operates from its own office space of almost 10,000 sq. ft located in a prime commercial complex at Pune. We serve clients in 150 countries with an approach to deep dive into the economic aspects and geographical nuances for unfailing business intelligence.

Contact us:

Transparency Market Research
State Tower,
90 State Street, Suite 700,
Albany NY – 12207,
United States
Tel: +1-518-618-1030