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 low-end 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 foreign-funded enterprises. Moreover, foreign-funded enterprises firmly occupy the domestic high-end 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 medium-sized 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 2009-2013. The automobile reserves kept increasing in China. The reserve of civil automobiles reached 137 million by the end of 2013, including 10.58 million three-wheeled automobiles and low-speed trucks. Increases in the output volume and reserve of automobiles stimulate the demand for automobile tires.
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 (600-800 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.
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. Although Chinese tire industry is faced with many problems, the overall development exhibits huge development potential while Chinese government supports the development through policies.
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Table of Content
1 Basic Concepts of Tire Industry
1.1 Definition and Classification of Tires
1.1.1 Definition of Tires
1.1.2 Classification of Tires
1.2 Development Process of China Tire Industry
2 Development Environment of China Tire Industry, 2011-2014
2.1 Economic Environment
2.1.1 International Economic Environment
2.1.2 China Economy
2.2 Policy Environment
2.2.1 Policy Environment in China
2.2.2 Trade Barriers against Tires from China
2.3 Overview of Upstream Industries of China Tire Industry
2.3.1 Tire Mold
2.3.2 Carbon Black
2.3.3 Natural Rubber and Synthetic Rubber
2.3.4 Steel Cord
2.4 Overview of Downstream Industries of China Tire Industry
2.4.2 Engineering Machinery
3 Analysis of Supply in China Tire Industry, 2009-2013
3.1 Supply Status
3.1.1 Production Capacity of Tires
3.1.2 Output Volume of Tires
3.1.3 Production Status of Radial Tires
3.2 Competition Status of China Tire Industry
3.2.1 Barriers to Entry and Exit
3.2.2 Competition between Foreign-funded Enterprises and China Domestic Enterprises
3.2.3 Competition Status of Segmented Products
3.3 Investment Status in China Tire Industry, 2011-2014
3.3.1 Analysis of Investment of China Domestic Tire Enterprises
3.3.2 Investment Status of Foreign-funded Tire Enterprises in China
3.3.3 Investment Status of Industries Related to Tires in China
4 Analysis of Demand in China Tire Industry, 2009-2013
4.1 Overview of Demand for Tires in China
4.1.1 Overview of Demand
4.1.2 Segmented Demand
4.2 Automobile OEM Market
4.2.2 Demand Volume
4.3 Automobile After-sales Market
4.3.2 Demand Volume
5 Analysis and Forecast on Import and Export of Tires in China, 2009-2018
5.1 Export Status of Tires in China, 2009-2013
5.1.1 Overview of Export
5.1.2 Major Export Markets for Tires from China
5.1.3 Forecast on Tire Export from China, 2014-2018
5.2 Tire Import
5.2.1 Import Overview
5.2.2 Major Sources of Import for Tires in China
5.2.3 Major Imported Types of Tires in China
5.2.4 Forecast on Tire Import in China, 2014-2018
5.3 International Trade Barriers against Tires from China
5.3.2 Technological Barriers
5.3.3 Other Barriers
6 Major Multinational Enterprises in China Tire Market and the Operation Status, 2011-2014
6.1.1 Enterprise Profile
6.1.2 Operation Status of Bridgestone in China Tire Market
6.1.3 Development Strategies of Bridgestone in China Tire Market
6.2.1 Enterprise Profile
6.2.2 Operation Status of Michelin in China Tire Market
6.2.3 Development Strategies of Michelin in China Tire Market
(The structures of 6.3-6.11 are similar to those of 6.1-6.2)
6.4 Continental AG
6.6 Sumitomo Rubber Industries, Ltd.
6.8 Hankook Tires
6.9 Cheng Shin Rubber
6.10 Cooper Tires
6.11 Kumho Tires
7 Analysis of Major Domestic Enterprises in China Tire Market, 2011-2013
7.1 Hangzhou Zhongce Rubber Co., Ltd.
7.1.1 Enterprise Profile
7.1.2 Operation Status
7.1.3 Advantages and Development Strategies
7.2 Giti Tire
7.2.1 Enterprise Profile
7.2.2 Operation Status
7.2.3 Advantages and Development Strategies
(The structures of 7.3-7.10 are similar to those of 7.1-7.2)
7.3 Triangle Group Co., Ltd.
7.4 Linglong Group
7.5 Aeolus Tyre Co., Ltd.
7.6 Double Coin Holdings Ltd.
7.7 Qingdao Doublestar Tire Co., Ltd.
7.8 Shandong JINYU Tire Co., Ltd.
7.9 Sailun Co., Ltd.
7.10 Guizhou Tyre Co., Ltd.
8 Forecast on Development and Investment of China Tire Industry, 2014-2018
8.1 Factors Influencing Development of China Tire Industry
8.1.1 Favorable Factors
8.1.2 Unfavorable Factors
8.2 Forecast on Supply
8.2.1 Forecast on Production Capacity
8.2.2 Forecast on Output Volume
8.3 Forecast on Demand
8.3.1 Forecast on Overall Demand
8.3.2 Forecast on Demand in Segmented Markets
8.4 Forecast on Investment Opportunities in China Tire Industry, 2014-2018
8.4.1 Investment Opportunities of Products
8.4.2 Regional Investment Opportunities
8.5 Recommendations on Development and Investment
Chart GDP of China, 2009-2013
Chart Some Trade Barriers in Tire Export from China, 2009-2014
Chart Import Status of Natural Rubber in China, 2011-2013
Chart Output Volume and Sales Volume of Automobiles in China, 2009-2013
Chart Reserve of Civil Automobiles in China, 2004-2013
Chart Output Volume of Tires in China, 2009-2013
Chart Sales Revenue of Tire Manufacturers in China, 2009-2013
Chart Output Volume of Radial Tires in China, 2009-2013
Chart Major Projects of Carbon Black and White Carbon Black in China, 2010-2014
Chart New Projects of Steel Cord in China, 2011-2014
Chart Major New Projects of Tire Manufacture in China, 2011-2013
Chart Demand Volume for Automobile Tires in China, 2009-2013
Chart Demand Volume for Tires in Automobile OEM Market in China, 2009-2013
Chart Demand for Tires in China Automobile After-sales Market, 2009-2013
Chart Export Volume and Export Value of Tires in China, 2009-2013
Chart Top 20 Export Destinations for Tires from China, 2013
Chart Top 20 Export Destinations for Radial Tires from China, 2013
Chart Import Status of Tires in China, 2011-2013
Chart Major Sources of Import for Tires in China, 2013
Chart Operation Status of Bridgestone, 2009-2013
Chart Operation Status of Michelin, 2009-2013
Chart Output Volume of Tires in Hangzhou Zhongce Rubber Co., Ltd., 2009-2013
Chart Sales Revenue of Hangzhou Zhongce Rubber Co., Ltd., 2009-2013
Chart Operation Status of Sailun Co., Ltd., 2009-2013
Chart Output Volume of Tires in Sailun Co., Ltd., 2009-2013
Chart Forecast on Output Volume of Radial Tires in China, 2014-2018
Chart Forecast on Output Volume of Tires in China, 2014-2018
Chart Forecast on Output Volume of Radial Tires in China, 2013-2017
Chart Forecast on Market Size of Tires in China, 2014-2018
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