Singapore Tyres Industry

The tire industry has recovered from the base more refined wrinkles on the cross belt tires. As for the proliferation of nylon ropes with a low weight and strength for the tires have replaced cotton wrinkles. This industry is closely associated with the automotive sector. This industry is also for reasons of agriculture and infrastructure in the region, as these two have an impact on traffic.

Singapore vs. Global
The world market for tyres is currently estimated at $ 70 billion, while the market in Singapore is in the magnitude of DD. 100 million. The world market is dominated by Goodyear / Sumitomo with a share of 22%. On the other hand, the national industry is characterized by the MRF Ltd. Several mergers and acquisitions have marked the world market, in the recent past. This is mainly due to the acquisition of technology, better access to markets and competitive. Singapore players are also reengineer their businesses and research in strategic tie-ups in this segment.

"singapore tyres industry"

In terms of technology, with the use of radial tyres has been catching up rapidly in the world market. Almost all segments of the automobile industry were new to the radial tires and the use of cross-wrinkle is for trucks and buses. On the other hand, in the internal market, the tire belt, only the segment of the vehicles, while the rest of them, at the intersection wrinkles variety. This can be explained by the lower layers of Cross and his new treadability. Also, the poor quality of roads in Singapore, the use of these tires.