DUBLIN—Research and Markets has announced the addition of the "Global and China Tire Industry Report, 2016-2020" report to their offering.

In 2016, the steady growth in the global automobile market and the rapid growth of Chinese automobile market stimulated the tire market to recover slightly. The global tire shipment increased by 2% year on year to 1.963 billion, while China's automotive tire output edged up 1.2% to 572 million. In 2017-2020, Chinese automotive tire market is expected to grow by approximately 4%.

The operating rate of the Chinese market rebounded significantly in 2016, especially showed an uptrend in the off-season after October; in early December, the operating rates of all-steel tire and semi-steel tire plants stayed at 72.7% and 73.4% respectively, 10.5 and 7.5 percentage points higher than the same period last year each.

Under the impact of rising natural rubber (which is a raw material) price, China's tire price has stopped falling to stabilize since the second half of 2016. Most tire companies announced to raise prices, for instance, Michelin, Bridgestone, Continental, Pirelli, Goodyear and other international first-tier brand manufacturers declared price hike at the end of December. Along with the bullish trend of the natural rubber price, tires will see a new round of price increase in 2017.

The report highlights the following:

  • Development, trend, of global automobile industry and market;
  • Development, trend, of Chinese automobile industry and market;
  • Development of global tire market, ranking of top 30 companies, development trend, etc.;
  • Tire market size, ranking of top 10 enterprises by revenue and output, import and export, radial tire market development and trend, etc. in China and the United States;
  • Market development, price trend and development trend of major tire raw materials such as natural rubber, synthetic rubber, carbon black and the like;
  • Operation and development strategies of 27 key tire enterprises.

Companies Mentioned

  • Aeolus Tire
  • Apollo Tyres
  • Bridgestone
  • Cheng Shin Tire
  • Continental
  • Cooper
  • Double Coin
  • Giti Tire
  • Goodyear
  • Guizhou Tire
  • Hangzhou Zhongce Rubber
  • Hankook
  • Jiangsu General Science Technology
  • Kumho Tire
  • Linglong Tire
  • MRF
  • Michelin
  • Nokian
  • Pirelli
  • Qingdao Double Star
  • Sailun Jinyu
  • Shengtai
  • Sumitomo Rubber Group
  • Toyo Tire & Rubber
  • Triangle Tire
  • Xingyuan
  • Yokohama Rubber

For more information about this report visit http://www.researchandmarkets.com/research/nq54z5/global_and_china

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Related Topics: Automotive Tires