Home » Automotive, Business » Automotive Tire Market Development Trend and Investment Prospective in China, 2014-2018: Radiant Insights Inc.
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New Market Research Reports Title “Development Trend and Investment Prospective of Automotive Tire Market in China, 2014-2018” Has Been Added to Radiant Insights, Report database

Development Trend and Investment Prospective of Automotive Tire Market in China, 2014-2018 mainly analyzes the market status of automotive tire industry in China, as well as supply & demand, competition landscape, and business performance of major enterprises in China, meanwhile offers suggestions for automotive tire industry, so as to make entrepreneurs get a better understanding of this industry and make a wiser decision with the help of the investment references.

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http://www.radiantinsights.com/research/development-trend-and-investment-prospective-of-automotive-tire-market-in-china-2014-2018

By the end of 2013, there were 565 tire manufacturing enterprises that above designated scale in China, with total sales revenue reaching CNY 511.844 billion, which was equivalent to USD 83.951 billion. While the global market scale of the industry in that year was USD 180 billion, so the sales amount of China accounted for 45% of the total in the world. If calculated according to the current 85% market share of automotive tire in China’s tire market, the market scale of automotive tire would have been CNY 436.09 billion in 2013.

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In 2013, the total output of tire casing in China increased by 7.2% over last year, reaching 965 million units, in which, the output of automotive tire was 685 million units, up 12.96% over last year, of them, the output of radial tire was 476 million units, up 14.9% over last year, and the radial ratio has reached 88.98%. The output of semi-steel radial tire increased rapidly, reaching 300 million units in 2013.

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The proportion of passenger car tire, truck tire and light truck tire in automotive tire is 72:18:10. According to statistics, the foreign-funded enterprises take up 70% passenger car tire market in China. Besides, they also take up large share in China’s high-end truck tire and coach tire market.  In 2013, the indexes of China’s tire sales volume, export volume, and profits all kept double-digit growth, creating the best performance in three years, but the sales revenue and export delivery value have dropped slightly, and the inventory remained in a rational range. As the world economy develops, the demand of tires is becoming larger and larger, therefore, the tire market is still far from getting saturation, and great development potential is existed in the industry.

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