Tire Trends to Watch Out for in 2023
Knowing the tire trends to watch out for in the coming year is crucial to being prepared for what is to come. The only thing constant is change, which also applies to tire trends in the trucking industry. Read on to learn more about the latest tire technology advances, fuel economy, the increasing number of electric vehicles, and more.
Increased Demand for Eco-friendly Tires
People care about protecting the environment now more than ever. Sustainability and reducing carbon footprint are some of the top priorities of most companies when it comes to producing and manufacturing their goods and services. One of the ways tires for commercial trucks help the environment is through retreading. In most cases, tier 1 tires can be retreaded a minimum of three times. This represents a considerable reduction in a fleet’s overall tire expenses while helping the environment because each retreaded tire represents one less tire in a junkyard.
More tire companies and makers are significantly incorporating recycled tires into their manufacturing process. It’s reasonable to expect as much as 80% of the content of a tire to come from recycled rubber from used tires. The top tire makers worldwide are also exploring options for natural rubber alternatives, such as rubber latex made from dandelion plants.
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Expansion of the Electric Vehicle Market
Electric vehicles (EVs) are here, requiring different types of tires. Their tires have different qualities, designed and built for increased loading capacity and to run with less noise. With the electric vehicle market expansion comes the demand for special EV tires. Trucks are naturally bigger and heavier than passenger vehicles. Adding a battery to them will make them even heavier, requiring a higher load for their tires.
Leading tire manufacturers are working with commercial truck drivers and fleet owners to ensure they select the right tires for their trucks. In the case of EV tires, you can expect that the tires will have longevity close to their internal combustion siblings.
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Changes in Government Regulation Due to Pandemic
The global pandemic has affected every market, and the tire industry is no exception. Most manufacturers in the industry were shut down during the peak of the pandemic in 2020. The global shutdown has affected market supply and demand up to this day. The disruptions brought about by lockdowns and other government regulations during the pandemic caused issues in raw materials for most manufacturers.
The prices of tires and the industry growth rate will depend on how quickly the industry can find a solution to problems in the supply chain. The economic activity will also significantly affect the industry as the public is expected to resume spending on personal and business travel.
Advances in Tire Technology to Improve Fuel Economy
The advances in tire technology have promoted fuel efficiency among trucks. While tires made from eco-friendly and sustainable materials have been at the center of development for many companies, improved fuel economy comes along as well. Truck tires with low rolling resistance have improved by leaps and bounds. It has now reached a point where eco-friendly tires also contribute to a truck’s fuel efficiency.
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