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Material Handling Headlines
Business Forecast: Tires
- 6/12/2009
WASHINGTON, D.C. — According to an article on
www.tirebusiness.com, distributors and suppliers of industrial and specialty tires can expect the soft market to continue.
One person interviewed says “business has softened due to the current economic conditions, especially in construction and housing,” though sales of replacement
skid-steer tires are still fairly strong because the tires wear out and customers have to replace them. In other areas—such as construction and mining—sales are extremely depressed.
Another tire company owner says his company also is still seeing a good level of distribution for skid-steer tires in the highway construction sector. Distribution for
forklift tires, he added, is also pretty close to last year, although customer behavior is changing in reaction to the economy. “Forklift tire users are getting all the life they can out of their tires,” he says. “The life cycle has been extended.” On the other hand, the downturn in the steel industry has hurt orders from that sector, he said.
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