The history of tyres stretch back to the 1800’s and originally the craftsman known as Wheelwright forged bands or iron and steel and tied the wheel segments together as the metal wrapped round the wheel which is where the name tyre came from.
Many explorers have since expanded on their own invention of the tyre by making it softer, waterproof and designed to be used against cold weather. The names of these inventors are Charles Mcintosh who experimented with latex; Charles Goodyear with sulphur, John Dunlop invented the pneumatic tyre as well as Robert Thompson.
The well known brand Michelin was also created by two brothers in 1891 which is a tyre brand that is still very much alive in the industry today.
The purpose of the wheel is to protect and ensure a better vehicle performance by providing a flexible cushion when the car is being driven on the ground.
Compared to the 1800’s when metal was wrapped around wooden wheels to prevent wear and tear, tyres have come a long way since then. These tyres would often be used on carts and wagons.
Tyres are now made up of materials such as; synthetic rubber, natural rubber, fabric, wire and other chemicals to help protect it from the wear and tear of the roads. Each tyre made can be designed to fit a specific car, bus, wagon, bike, motor bike and more.
The tyre business is an extremely successful and busy business to be in because how many cars are manufactured each year? And how many cars need a new tyre around the world on a daily basis?
There are around 450 tyre factories around the world and over one billion tyres are manufactured annually making it one of the biggest industries in the world.
According to a recent survey 1.72 billion tyres are expected to be sold globally in 2015 alone which is a number that increases annually every year.
By 2004, $80 billion worth of tyres were sold worldwide and this increased to $140 billion in 2010 making the top 5 tyre manufacturing companies; Bridgestone, Michelin, Goodyear, Continental and Pirelli a lot of revenue.
Overall the tyre business is one that will continuously be on the increase and will be able to keep making money as more and more tyres are needed the more vehicles are produced. The more cars that are produced the more tyres are created, as well as spare tyres.