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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. To Read Complete Report with Toc: http://www.marketresearchreports.biz/analysis/225111
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ResearchReportOnChinaTireIndustry:2014-2018 Chinaistheworld'slargestproducerandexporteroftires.As Chineseeconomydevelopsrapidlyinrecentyears,thedomesticdemandfortiresincreaseswhiletheexportgrows.In2013,theoutputvolumeofrubbertireswas965.04millionpiecesinChina,upby8.2%YOY.Theproportionofradialtiresincreased
significantlyafter10years'development,whichincreasedfrom 32%in2000to90%in2013.AccordingtothePoliciesonTireIndustryissuedbyMIIT,theproportionofradialtiresforpassengervehiclesisexpectedtoreach100%in2015whiletheexpectedproportionsforlighttrucktiresandtrucktiresare85%and90%respectively. ToReadCompleteReportwithToc: http://www.marketresearchreports.biz/analysis/225111 In2013,theoutputvolumeofradialtireswas583.758million piecesinChina,upby26.77%YOY.
Astheproductioncapacityandoutputvolumeoftiresincreasein China,problemsbegintoemergeintheindustry.Thefirstproblemisserioussurplusoflow-endproductioncapacityandlowconcentrationrateoftheindustry.Thesecondisrelativesurplusinregionalmarkets.WithmostproductioncapacityconcentratedinShandong,homogeneouscompetitionisintense. In2013,thesalesrevenueofdomestictiremanufacturersexceeded CNY500billion.Theindustryexperienceddownwardtrendinearly2013andbegantorecoverinthesecondhalfoftheyear.Theindexessuchassalesvolume,exportvolumeandprofitsallmaintainedsteadygrowthin2013.In2013,theexportvolumeoftireswas4.993milliontons,upby13.33%YOY.Intermsof
quantity,theexportvolumewas440.13millionpieces,upby 6.43%YOY. BrowseFullReportWithToc: http://www.marketresearchreports.biz/analysis-details/research-report-on-china-tire-industry--2014-2018 ManyinternationaltiregiantsbegantoenterChinainthe1990s. Attractedbythelowproductioncostsandlargemarketdemand,manymultinationaltireenterprisesconsiderChinaasanimportanttireproductionbase.Overhalfofthedomestictiremarketisoccupiedbyforeign-fundedenterprises.Moreover,foreign-fundedenterprisesfirmlyoccupythedomestichigh-endmarketwiththe
profitmarginsexceedingtwiceofthoseindomesticenterprisesin China. InChina,internationaltiregiantsenjoymanyadvantageswhile mostdomestictireenterprisesaresmallinscaleandweakin competence.Accordingtotheavailabledata,thenumberoftire manufacturersexceeded500bytheendof2013.Themergersand acquisitionsinChinesetireindustryisexpectedtoacceleratein thenextfewyears.Itispredictedthatmanysmallandmedium- sizedtireenterpriseswilldisappear,whicheithergobankruptor tobeacquiredbylargetireenterprises. ClickHereToDownloadDetailReport: http://www.marketresearchreports.biz/sample/sample/225111
ChineseautomobileindustrydevelopsrapidlyafterjoiningWTO, whichpromotesdevelopmentoftheautomobiletireindustry.The outputvolumeofautomobileswas22.1168millioninChinain 2013,upby14.76%YOY.Thesalesvolumewas21.9841million, upby13.87%YOY.Chinaremainedtheworld'slargestproducer andsalesmarketofautomobilesin2009-2013.Theautomobile reserveskeptincreasinginChina.Thereserveofcivilautomobiles reached137millionbytheendof2013,including10.58million three-wheeledautomobilesandlow-speedtrucks.Increasesinthe outputvolumeandreserveofautomobilesstimulatethedemand forautomobiletires.
AlthoughChinaremainedtheworld'slargestnewautomobile marketsince2009,itsautomobilereservespercapitaisstillextremelylow.In2013,theautomobilereserveperthousandpeoplewasapproximately100inChina,whichwasmuchlowerthanthoseindevelopedcountries(600-800perthousandpeople).Theoutputvolumeandsalesvolumeofautomobilesisexpectedtoremainabove5%inChinainthenextfewyears.AstheoutputvolumeofnewautomobilesandtheautomobilereserveskeepincreasinginChina,theannualgrowthrateofChinesetiremarketisexpectedtoexceed15%.InChineseautomobiletiremarket,thedemandfortirereplacementisabouttwiceofthatforsupportingtiresandoccupiedover2/3ofthetiremarket.
Withintegratedupstreamanddownstreamtireindustrychain,and lowerlaborcoststhandevelopedcountries,Chinesetireindustrystillpossessesgreatadvantagesoverotherdevelopingcountriesinrecentyears.ItispredictedthatthedomesticdemandandexportinChinesetireindustrywillkeepincreasinginthenextfewyears.AlthoughChinesetireindustryisfacedwithmanyproblems,theoveralldevelopmentexhibitshugedevelopmentpotentialwhileChinesegovernmentsupportsthedevelopmentthroughpolicies.
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