Michelin has overtaken Bridgestone to become the world’s most valuable tire brand following 30% brand value growth that generated $7.9 billion over the last year, according to the latest Brand Finance report. Michelin is a French tyre manufacturer based in Clermont-Ferrand in the Auvergne région of France. Michelin was incorporated on 28 May 1889. In 1891 Michelin took out its first patent for a removable pneumatic tyre which was used by Charles Terront to win the world’s first long-distance cycle race. Read More..
Brand Strength Index (BSI): 86.9 out of 100
Revenue: $24.03 billion (2018)
Bridgestone has slipped from first to second place in the annual Brand Finance Tyres top ranking. Bridgestone is down 6% to $7.0 billion. Shojiro Ishibashi in the city of Kurume, Fukuoka, Japan. It is one of the best tyre manufacturing companies in the world. Bridgestone was the first company in Japan to begin selling rayon cord tyres. This company started manufacturing motorcycles after world war II for a few years, Bridgestone tire business was more profitable. There is a very close competition between BRIDGESTONE & Michelin Tyres for the number one tire brand in the world.
Brand Strength Index (BSI): 78.10 out of 100
Revenue: $33.1 billion(2018)
3. Continental AG, commonly known as Continental, is a leading German tyre manufacturing company, It also manufactures other automotive parts like brake systems, interior electronics, automotive safety, power train and chassis components, tachographs, and others. Continental is the world’s third-largest ( Earlier fourth larges ) tire manufacturer. Continental was founded in 1871 as a rubber manufacturer. In 1898, initial successes in development and production were celebrated with the production of automobile pneumatic tires with a plain tread. It is the third top tires brands in the world.
Revenue: €44.40 billion(2018) (2017)
The Goodyear Tire & Rubber Company is an American multinational tire manufacturing company founded in 1898 by Frank Seiberling and based in Akron, Ohio. The company was named in the honor of Charles Goodyear, who discovered the rubber vulcanization process in 1839. It employs about 65,000 people and manufactures its products in 48 facilities in 22 countries around the world. The Goodyear became popular because they were easily detachable and required little maintenance.
Employees:~64,000 (December 2017
Revenue: $15.377 billion (2018)
Sumitomo Rubber Industries, Ltd. is a global tire and rubber company based in Japan. Founded in 1909. It is part of the Sumitomo Group. The company makes a wide range of rubber-based products, including automobile tires, golf balls, and tennis balls. Dunlop tires are also a part of Sumitomo Group. It is 10th ( Earlier 6th Largest ) largest tires manufacturers in the world.
Employees: 36,650 (as of March 31, 2018)
Revenue: $7.8 billion(2017)
Pirelli & C. S.p.A. is a multinational company based in Milan, Italy. Founded in Milan in 1872 by Giovanni Battista Pirelli is the sixth-largest (Earlier fifth Largest) tyre manufacturer in the world. Pirelli has more than 30,000 employees and a turnover of 5 billion € in 2016. Pirelli has a history of sponsoring football teams. Pirelli is well known for its long term primary sponsorship of the Italian football team Inter Milan for around 6 years.
Revenue: €5.195 billion (2018)
Yokohama Tire Corporation is the North American manufacturing and marketing arm of Tokyo, Japan-based The Yokohama Rubber Co., Ltd., a global manufacturing and sales company of premium tires since 1917. In 1969 the company expanded to the United States as Yokohama Tire Corporation. It has a brand value of 1033 Million Dollars in 2017.
Employees: 5,473 (Non-consolidated basis, as of the end of December 2018) 26,274 (Consolidated basis, as of the end of December 2018)
Revenue: $5.87 billion (2018)
The Hankook Tire group is a South Korean tire company. Based in Seoul, South Korea, Was established by Jae Hun Chung’s grandfather in 1941 as the Chosun Tire Company and was renamed to Hankook Tire Manufacturing in 1968. the Hankook Tire group is the 7th largest tire company in the world with a production capacity of 99 million units in 2016. It has about 22,000 employees all over the world. Hankook has a large distribution network of over 180 countries.
Employees: 21,000 Worldwide
Revenue: $5.63 billion (2018)
Toyo Tyres are 14th, the Most Valuable Tyre Brands. it has a revenue value of 3.82 billion US dollars in 2013. Toyo Tire and Rubber Co., Ltd. is a tire and elastic items organization situated in Japan, possessed by, the Toyota Corporation.
Revenue: $ 3.82 billion (2018)
Kumho Tyres are 15th, the Most Valuable Tyre Brands. it has a revenue value of 3.57 billion US dollars in 2013. Kumho Tire Co., Inc. is once known as Samyang Tire, is a South Korean tire organization. Headquartered in Gwangju, South Korea.
Revenue: $ 3.57 billion (2017)
Giti Tyres are 12th, the Most Valuable Tyre Brands. It has a revenue value of 3.02 billion US dollars in 2016. Giti Brand Tyres Singapore headquartered tire company and beginning with a bicycle tire and inner-tube manufacturing in Indonesia.
Revenue: $3.4 Billion (2017)
MRF Tyres are 15th, the Most Valuable Tyre Brands. it has a revenue value of 3.5 billion US Dollars in 2017. Madras Rubber Factory Limited, regularly known by the condensing MRF, is an Indian multinational and the biggest producer of tires in India. It is headquartered in Chennai, India
Revenue: $3.2 billion (2017)
Cooper Tyres are 13th, the Most Valuable Tyre Brands. It has a revenue value of 2.92 billion US dollars in 2016. Cooper Tyre & Rubber Company an American company is the largest manufacturer of motorcycle tyres in the world.
Revenue:$2.92 billion (2017)
Maxxis Tyres are 11th, the Most Valuable Tyre Brands. It has a revenue value of 3.85 billion US Dollars in 2015. Maxxis brand tires are offered by Cheng Shin Rubber Ind. Co. Ltd. Cheng SHind Tire is the largest manufacturer of bicycle tires in the World.
CST tyres are 10th; the Most Valuable Tyre Brands. It has a brand value of 821 million USD dollar in 2017. CST brand tires are offered by Cheng Shin Rubber Ind. Co. Ltd. Cheng Shin Tire is the largest manufacturer of bicycle tires in the world.
Revenue: $3.8 billion(2018)
Huayi Tyres are 17th, the most Valuable Tyre Brands. it is owned by Shanghai Huayi (Group) Company is a Chinese chemistry enterprise group.
Revenue: $1.4 Billion (2018)
Dunlop is a brand of tyres owned by various companies around the world. Founded by pneumatic tyre pioneer John Boyd Dunlop in Birmingham, England in 1889, it is owned and operated by Goodyear Tire and Rubber Company in North America, Europe, Australia, and New Zealand. It has a brand value of 1,100 Million US dollar in 20017.
Revenue: $322.2 Million(2017)
Apollo Tyres are 18th, The Most Valuable Brands. it has a revenue value of 2.09 billion US dollars in March 2017. Apollo tires are founded in 1972. its Headquarters is in Gurgaon, Haryana, India.
Revenue: $2.28 billion(2017)
Nokian Tyres are 19th, the Most Valuable Brands. it has a revenue value of 1.391 billion euros in 2016. is headquartered in Nokia, Finland.
Revenue: $1.39 billion (2017)
Nexen Tyres are 20th, the Most Valuable Brands. it has a revenue value of 1.68 billion US dollars in 2013. Nexen Tire Corporation is a tire maker headquartered in Yangsan, South Gyeongsang Province and Seoul in South Korea. Set up in 1942.
Revenue: $ 1.68 billion (2018)
Top Tyre brands in India
CEAT (Cavi Elettrici e Affini Torino) was established in 1924.
Production: 165 million tires/Year
The current capacity of CEAT tires: 95,000 tyres per day
The company manufactures tires for two-wheelers, passenger cars, trucks and buses, light commercial vehicles, earthmovers, forklifts, tractors, trailers, and auto-rickshaws. it was also ranked as 41st among the world’s tyre makers. Its major market share is in the light truck and truck tyre market segment.
TVS Tyres are one of the popular tyre brands in India. Its headquarter is in Madhurai(Tamil Nadu).