Published on September 30, 2014
China is the world's largest producer and exporter of tires. As Chinese economy develops rapidly in recent years, the domestic demand for tires increases while the export grows. In 2013, the output volume of rubber tires was 965.04 million pieces in China, up by 8.2% YOY. The proportion of radial tires increased significantly after 10 years' development, which increased from 32% in 2000 to 90% in 2013. According to the Policies on Tire Industry issued by MIIT, the proportion of radial tires for passenger vehicles is expected to reach 100% in 2015 while the expected proportions for light truck tires and truck tires are 85% and 90% respectively. In 2013, the output volume of radial tires was 583.758 million pieces in China, up by 26.77% YOY. As the production capacity and output volume of tires increase in China, problems begin to emerge in the industry. The first problem is
serious surplus of lowend production capacity and low concentration rate of the industry. The second is relative surplus in regional markets. With most production capacity concentrated in Shandong, homogeneous competition is intense. In 2013, the sales revenue of domestic tire manufacturers exceeded CNY 500 billion. The industry experienced downward trend in early 2013 and began to recover in the second half of the year. The indexes such as sales volume, export volume and profits all maintained steady growth in 2013. In 2013, the export volume of tires was 4.993 million tons, up by 13.33% YOY. In terms of quantity, the export volume was 440.13 million pieces, up by 6.43% YOY. Many international tire giants began to enter China in the 1990s. Attracted by the low production costs and large market demand, many multinational tire enterprises consider China as an important tire production base. Over half of the domestic tire market is occupied by foreignfunded enterprises. Moreover, foreignfunded enterprises firmly occupy the domestic highend market with the profit margins exceeding twice of those in domestic enterprises in China.
In China, international tire giants enjoy many advantages while most domestic tire enterprises are small in scale and weak in competence. According to the available data, the number of tire manufacturers exceeded 500 by the end of 2013. The mergers and acquisitions in Chinese tire industry is expected to accelerate in the next few years. It is predicted that many small and mediumsized tire enterprises will disappear, which either go bankrupt or to be acquired by large tire enterprises. Chinese automobile industry develops rapidly after joining WTO, which promotes development of the automobile tire industry. The output volume of automobiles was 22.1168 million in China in 2013, up by 14.76% YOY. The sales volume was 21.9841 million, up by 13.87% YOY. China remained the world's largest producer and sales market of automobiles in 20092013. The automobile reserves kept increasing in China. The reserve of civil automobiles reached 137 million by the end of 2013, including 10.58 million threewheeled automobiles and lowspeed trucks. Increases in the output volume and reserve of automobiles stimulate the demand for automobile tires. View slide
Although China remained the world's largest new automobile market since 2009, its automobile reserves per capita is still extremely low. In 2013, the automobile reserve per thousand people was approximately 100 in China, which was much lower than those in developed countries (600800 per thousand people). The output volume and sales volume of automobiles is expected to remain above 5% in China in the next few years. As the output volume of new automobiles and the automobile reserves keep increasing in China, the annual growth rate of Chinese tire market is expected to exceed 15%. In Chinese automobile tire market, the demand for tire replacement is about twice of that for supporting tires and occupied over 2/3 of the tire market. To Brows a Full Report with Toc: http://www.researchmoz.us/researchreportonchinatireindustry20142018report. html With integrated upstream and downstream tire industry chain, and lower labor costs than developed countries, Chinese tire industry still possesses great advantages over other developing countries in recent years. It is predicted that the domestic demand and export in Chinese tire industry will keep increasing in the next few years. View slide
Although Chinese tire industry is faced with many problems, the overall development exhibits huge development potential while Chinese government supports the development through policies. Readers can obtain the following information or more through this report: Production and Demand Status in China Tire Industry Development Environment of China Tire Industry Competition Status of China Tire Industry Analysis of Major Foreignfunded and Domestic Tire Manufacturers in China Trade Barriers against Tires from China Development Trend of Tire Industry Investment Opportunities in China Tire Industry The following enterprises and people are recommended to purchase this report: Tire Manufacturers Automobile Manufacturers Upstream Enterprises of Tires Import and Export Tire Enterprises
Investors and Research Institutions Concerned about China Tire Industry All Repoers of this Category Here: http://www.researchmoz.us/tyresmarketreports130. html About ResearchMoz ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have indepth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact US:
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