The "Research Report on Automobile Tire Industry in China, 2018-2022" report has been added to Research and Markets' offering.

The demand for automobile tires can be classified into OEM demand from whole-vehicle manufacturing and replacement demand from automobile aftermarket. In developed countries, there is a scarce potential for the growth of new automobile sales due to high market saturation. Therefore, the demand of aftermarket becomes the major driving force of the tire industry. This report analyzes that the CAGR of global production volume of automobiles was approximately 3.1% between 2012 and 2016. During the same period, the CAGR of vehicle reserve volume was 3.9%. The global vehicle reserve volume was 1.33 billion in 2016 and it is expected to reach 1.59 billion in 2021.

China's automobile industry has developed rapidly since the access to WTO. China has been the world's largest automobile manufacturer and distributor for 9 years from 2009 to 2017. In the meantime, China is also the world's largest producer and exporter of automobile tires. It produced 6.1 million tires in total in 2016.

The two factors driving the automobile tire industry in China are the domestic market and export demand. On the one hand, both production volume and reserve volume of automobiles continue to grow in China. In 2016, the production volume of automobiles approached 28.12 million, representing a CAGR of 9.9% from 2012 to 2016. In the same year, the automobile reserve volume exceeded 1.9 million, representing a CAGR of 15% from 2012 to 2016. These two figures were far higher than global average figures.

On the other hand, the remarkable cost advantage of Chinese tires over international competitors is correlated with an upward trend of tire exports from China. In 2016, the export volume of Chinese automobile tires was 3.31 million and the export value was USD 11.46 billion. Continuous increases in the export of Chinese tires have led to huge international trade barriers faced by Chinese tire export enterprises. However, the cost advantage of Chinese tires is favorable to maintain the export volume at a high level in a short time.

Key topics covered in the report:

  • Analysis on China Tire Industry Chain
  • Analysis on Supply and Demand of Tires in China, 2012-2017
  • Analysis on Markets of Rubber, Carbon Black and Steel Cord
  • Competition Status of China Tire Industry
  • Analysis on Major Global and Chinese Tire Manufacturers
  • Import and Export of China's Tires
  • Trade Barriers against Tires Exported from China
  • Driving Forces and Market Opportunities in China Tire Industry, 2018-2022
  • Risks and Challenges Faced by China Tire Industry, 2018-2022
  • Forecast on Supply and Demand of China Tire Industry, 2018-2022

Companies Mentioned

  • Aeolus Tire Co., Ltd.
  • Bridgestone
  • Cheng Shin Rubber Co., Ltd.
  • Continental AG
  • Cooper
  • Double Coin Holdings Ltd.
  • Giti Tire Co., Ltd
  • Goodyear
  • Guizhou Tire Co., Ltd.
  • Hankook Tires
  • Jiangsu General Science Technology Co., Ltd.
  • Kumho Group
  • Michelin
  • Pirelli
  • Prinx Chengshan (Shandong) Tyre Co., Ltd.
  • Qingdao Doublestar Tire Co., Ltd.
  • Sailun Jinyu Co., Ltd.
  • Shandong Hengfeng Tire Co., Ltd.
  • Shandong Linglong Rubber Co., Ltd.
  • Sumitomo Tire Corporation
  • Toyo Tire Corporation
  • Triangle Tire Co., Ltd.
  • Xingyuan Tire Group Ltd.
  • Yokohama Tire Corporation
  • Zhongce Rubber Co., Ltd.

For more information about this report visit https://www.researchandmarkets.com/research/4l6hfm/research_report?w=4