According to the global tire industry research data provided by Beijing Yanjing Bizhi, the Asia-Pacific region has become the central increment in recent years, especially in China. In 2020, the global tire output will be about 3.6 billion, of which the tire output in the Chinese market will reach 634 million. The market share is about 17.6%. The rapid development of the automobile consumption market in the downstream application of tires in China, and the car ownership in the domestic market stimulate the growth of the demand for the replacement tire market, which provides a huge development space for the tire industry in China.
Analysis of the current market situation of China's tire industry
1. Market output
In recent years, China's tire manufacturing industry has grown rapidly, and its share in the global tire market output is increasing. In 2020, the global tire output will be about 3.6 billion, of which the Chinese market will produce 634 million tires, accounting for 17.6% of the market. At present, it has become the country with the largest tire production in the world.
2. Market segments
At present, China's tire market segment is dominated by all-steel radial tires. According to the statistics of Bizhi, the market output of all-steel radial tires in China in 2020 is about 596 million, accounting for about 94% of the overall market share. The growth rate showed a downward trend.
3. Main production enterprises
Among the major manufacturers in China's tire industry, including Linglong Tire, Sailun Tire and Zhongce Rubber, the market output and sales volume of Linglong tire in 2020 will be approximately 65.97 million and 63.33 million units respectively, and the market revenue of the tire business will be approximately 18.38 billion yuan, ranking first in the market; followed by Sailun tires, whose production and sales are about 41.55 million and 42.6 million, and market revenue is about 14.71 billion yuan; in 2020, Zhongce Rubber's tire business revenue is about 254.3 billion.
4. Consumer market: rapid growth of automobile consumption
In recent years, my country's automobile industry has developed rapidly. According to the research data of Bizhi, the proportion of automobile sales in China in 2019 reached 28.23%. At the same time, the number of automobiles in China has steadily increased. In 2019, the number of automobiles in China is about 17.3%. , is at the forefront of the world and has huge development potential.
Forecast of the development prospect of China's tire industry
1. Domestic tire enterprises will vigorously develop technical level and quality
Since most domestic tire companies are small and medium-sized, there is still a big gap with the technical level of international companies. Under the fierce market competition, domestic tire companies will focus on developing technical levels and improving the quality of tire products in the future. , my country's tire industry will enter a period of rapid development.
2. Rapid development of green tire market
With the continuous development of domestic people's living standards and the increasing demand for environmental protection and low-carbon travel, more and more market consumers will tend to choose green tires, which will promote the development of domestic tire manufacturers. Green tires.
3. The increase in car ownership drives the development of the tire industry
At present, China's car ownership level is still relatively low compared to developed countries such as Europe and the United States. It ranks 17th in the global car ownership ranking. It is a young car market, so there is relatively large room for future growth. At the same time, the corresponding tire renewal demand will be will continue to improve.
Since entering the 21st century, China's tire industry has ushered in a new period of development. With the continuous improvement of economic level, it has driven the continuous increase of car ownership and provided more market opportunities for tire companies.
