Southeast Asia in this report includes 10 countries: Singapore, Thailand, Philippines, Malaysia, Indonesia, Vietnam, Myanmar, Brunei, Laos and Cambodia. With a total population of over 600 million by the end of 2021, Southeast Asia has an overall economic growth rate higher than the global average and is one of the key drivers of future global economic growth.

According to CRI’s analysis, the economic levels of the 10 Southeast Asian countries vary greatly, with Singapore being the only developed country with a per capita GDP of about US$73,000 in 2021. While Myanmar and Cambodia will have a GDP per capita of less than US$2,000 in 2021. The population and minimum wage levels also vary greatly from country to country, with Brunei, which has the smallest population, having a total population of less than 500,000 people in 2021, and Indonesia, which has the largest population, having a population of about 275 million people in 2021. The most economically advanced countries in Southeast Asia do not have a legal minimum wage, with the actual minimum wage exceeding US$400 per month (for foreign maids), while the lowest minimum wage level in Myanmar is only about US$93 per month.

Overall, in recent years, the size of the tire market in Southeast Asian countries show an upward trend, especially in Vietnam, Thailand and other countries of sustained economic growth, industrial and supporting industrial chain development, to promote the development of its tire industry.

According to CRI forecast, the Southeast Asian tire industry will maintain growth from 2022-2032. On the one hand, Southeast Asian countries are major production areas for tire raw materials and lower labor costs, prompting global tire manufacturers to shift production capacity to these regions. On the other hand, Southeast Asian economic development and rapid growth in motor vehicle sales have contributed to an increasingly active local tire market, which in turn has prompted global tire manufacturers to increase exports or investments in these countries.

Topics covered:

• Southeast Asia Tire Industry Status and Major Sources in 2018-2022 
• What is the Impact of COVID-19 on Southeast Asia Tire Industry?
• Which Companies are the Major Players in Southeast Asia Tire Industry Market and What are their Competitive Benchmarks?
• Key Drivers and Market Opportunities in Southeast Asia Tire Industry   
• What are the Key Drivers, Challenges, and Opportunities for Southeast Asia Tire Industry during 2023-2032?
• What is the Expected Revenue of Southeast Asia Tire Industry during 2023-2032?
• What are the Strategies Adopted by the Key Players in the Market to Increase Their Market Share in the Industry?
• What are the Competitive Advantages of the Major Players in Southeast Asia Tire Industry Market?
• Which Segment of Southeast Asia Tire Industry is Expected to Dominate the Market in 2032?
• What are the Major Adverse Factors Facing Southeast Asia Tire Industry?

Table of Contents

1 Analysis of the Tire Industry in Singapore 

1.1 Singapore’s Tire Industry Development Environment 

1.1.1 Geography 

1.1.2 Population 

1.1.3 Economy 

1.1.4 Singapore Manufacturing Minimum Wage 

1.2 Singapore Tire Industry Operation Status 2018-2022 

1.2.1 Singapore Tire Industry Production Status 

1.2.2 Singapore Tire Industry Sales Status 

1.2.3 Singapore Tire Industry Import and Export Status 

1.3 Analysis of Major Processing and Trading Companies of Singapore Tire 

2 Analysis of Thailand Tire Industry 

2.1 Development Environment of Thailand Tire Industry 

2.1.1 Geography 

2.1.2 Population 

2.1.3 Economy

2.1.4 Thailand Manufacturing Minimum Wage 

2.2 Thailand Tire Industry Operation Status 2018-2022

2.2.1 Thailand Tire Industry Production Status 

2.2.2 Thailand Tire Industry Sales Status 

2.2.3 Thailand Tire Industry Import and Export Status

2.3 Major Processing and Trading Companies of Thailand Tire  

3 Analysis of the Philippine Tire Industry 

3.1 Philippine Tire Industry Development Environment 

3.1.1 Geography

3.1.2 Population 

3.1.3 Economy 

3.1.4 Philippines Manufacturing Minimum Wage

3.2 Philippine Tire Industry Operation Status 2018-2022 

3.2.1 Production Status of Tire Industry in the Philippines 

3.2.2 Philippines Tire Industry Sales Status 

3.2.3 Philippine Tire Industry Import and Export Status 

3.3 Major Processing and Trading Companies of Tire in Philippines

4 Malaysia Tire Industry Analysis 

4.1 Malaysia Tire Industry Development Environment 

4.1.1 Geography 

4.1.2 Population 

4.1.3 Economy 

4.1.4 Malaysia Manufacturing Minimum Wage 

4.2 Malaysia Tire Industry Operation Status 2018-2022

4.2.1 Malaysia Tire Industry Production Status 

4.2.2 Malaysia Tire Industry Sales Status 

4.2.3 Malaysia Tire Industry Import and Export Status 

4.3 Major Processing and Trading Companies of Tire in Malaysia

5 Indonesia Tire Industry Analysis 

5.1 Development Environment of Indonesia Tire Industry

5.1.1 Geography 

5.1.2 Population 

5.1.3 Economy 

5.1.4 Indonesia Manufacturing Minimum Wage 

5.2 Indonesia Tire Industry Operation Status 2018-2022 

5.2.1 Indonesia Tire Industry Production Status

5.2.2 Indonesia Tire Industry Sales Status 

5.2.3 Indonesia Tire Industry Import and Export Status 

5.3 Major Processing and Trading Companies of Indonesia Tire 

6 Vietnam Tire Industry Analysis 

6.1 Development Environment of Vietnam’s Tire industry 

6.1.1 Geography 

6.1.2 Population 

6.1.3 Economy 

6.1.4 Minimum Wage of Vietnam Manufacturing Industry 

6.2 Vietnam Tire Industry Operation Status 2018-2022 

6.2.1 Vietnam Tire Industry Production Situation 

6.2.2 Vietnam Tire Industry Sales Status 

6.2.3 Import and Export Status of Vietnam Tire Industry 

6.3 Major Processing and Trading Enterprises of Vietnam Tire  

7 Analysis of Myanmar Tire Industry 

7.1 Development Environment of Myanmar Tire Industry 

7.1.1 Geography 

7.1.2 Population 

7.1.3 Economy 

7.1.4 Myanmar Manufacturing Minimum Wage 

7.2 Myanmar Tire Industry Operation Status 2018-2022 

7.2.1 Myanmar Tire Industry Production Status 

7.2.2 Myanmar Tire Industry Sales Status

7.2.3 Import and Export Status of Myanmar Tire Industry

7.3 Major Processing and Trading Enterprises of Tire in Myanmar

8 Brunei Tire Industry Analysis

8.1 Brunei Tire Industry Development Environment

8.1.1 Geography 

8.1.2 Population

8.1.3 Economy 

8.1.4 Brunei Manufacturing Minimum Wage 

8.2 Brunei Tire Industry Operation 2018-2022 

8.2.1 Brunei Tire Industry Production Status 

8.2.2 Brunei Tire Industry Sales Status 

8.2.3 Import and Export Status of Brunei Tire Industry 

8.3 Major Processing and Trading Enterprises of Brunei Tire 

9 Analysis of the Tire Industry in Laos 

9.1 Development Environment of Laos Tire Industry 

9.1.1 Geography 

9.1.2 Population 

9.1.3 Economy 

9.1.4 Minimum Wage of Manufacturing Industry in Laos 

9.2 Operation of the Tire Industry in Laos 2018-2022 

9.2.1 Production Status of the Tire Industry in Laos 

9.2.2 Laos Tire Industry Sales Status 

9.2.3 Import and Export Status of Laos Tire Industry 

9.3 Major Processing and Trading Enterprises of Laos Tire 

10 Cambodia Tire Industry Analysis 

10.1 Development Environment of Cambodia Tire Industry 

10.1.1 Geography 

10.1.2 Population 

10.1.3 Economy 

10.1.4 Minimum Wage of Manufacturing Industry in Cambodia 

10.2 Cambodia Tire Industry Operation Status 2018-2022 

10.2.1 Cambodia Tire Industry Production Status

10.2.2 Cambodia Tire Industry Sales Status 

10.2.3 Cambodia Tire Industry Import and Export Status 

10.3 Major Processing and Trading Enterprises of Tire in Cambodia

11 Southeast Asia Tire Industry Outlook 2023-2032 

11.1 Southeast Asia Tire Industry Development Influencing Factors Analysis 

11.1.1 Favorable Factors 

11.1.2 Unfavorable Factors 

11.2 Southeast Asia Tire Industry Supply Forecast 2023-2032 

11.3 Southeast Asia Tire Market Demand Forecast 2023-2032 

11.4 Impact of COVID -19 Epidemic on Tire Industry

The post Research Report on Southeast Asia Tire Industry 2023-2032 first appeared on CRI Report.

Topics covered:

• Vietnam Tire Industry Overview
• The economic environment and policy environment of Vietnam’s tire industry?
• What is the impact of COVID-19 on the Vietnamese tire industry?
• What is the market size of Vietnam Tire Industry 2016-2021?
• What will be the market size of Vietnam tire industry in 2022-2031?
• What is the import and export volume of tires in Vietnam?
• What is Vietnam’s major trading partners in the tire sector?
• Major tire manufacturing companies in Vietnam?
• What are the key drivers, challenges and opportunities for the Vietnam tire industry in 2022-2031?
• What is the expected revenue of the tire industry in Vietnam from 2022-2031?
• Which segment of the Vietnam Tire Industry market is expected to dominate the market in 2031?
• What are the main unfavorable factors facing the Vietnamese tire industry?

The demand for the use of automotive tires can be divided into OEM demand from the manufacture of the entire vehicle and replacement demand from the automotive aftermarket. In developed countries, due to the high saturation of the new car market, it is difficult to increase the sales volume, so the tire market growth driver mainly comes from the aftermarket demand.

Market Overview

According to CRI analysis, global vehicle production drops below 60 million units in 2021, equivalent to pre-2010 levels, due to a shortage of automotive chips caused by COVID -19. Global car ownership is about 1.5 billion units by the end of 2021. The automotive aftermarket has become a major part of the global tire market demand. Despite the global automotive market downturn, the global tire market continues to grow.

In recent years, Vietnam’s auto industry has been developing rapidly. 2021 Vietnam’s auto imports will be about 136,000 units, up 24% year on year. 2021 Vietnam’s local production will be about 168,000 units, down about 10% year on year. 2021 Vietnam’s auto sales will be about 304,100 units, up about 3% year on year.

2020 Vietnam’s auto ownership will be 23 units per 1,000 people, far below the global average. With the development of Vietnam’s economy, the automotive and auto parts market has great potential for development.

Vietnam has about 830 large and small tire companies, including bicycle tires, motorcycle tires, car tires and truck tires. Bridgestone, Michelin, Yokohama, Kumho, CHENG SHIN, KENDA, Sailun, Guizhou Tire, Jinyu, Goodyear and other global famous tire manufacturers have already established factories in Vietnam, some of them have set up multiple factories.

According to CRI’s research, some Chinese tire manufacturers, such as Sailun, have plans to expand their tire production capacity in Vietnam. Chinese tire companies have built a semi-steel tire production capacity of 11 million tons/year in Vietnam, and a full-steel tire production capacity of 7.2 million tons/year.

Vietnam exports tires to more than 100 countries, with the highest volume of automotive tires accounting for more than 60% of exports. For car tyres, 80-90% are exported. Vietnam’s tire exports have been growing rapidly, with growth in exports to the US being the key driver. In 2021, Vietnam exported 14.06 million passenger car tires to the US, up 6.8% year on year.

2021 Vietnam has more than 200 tire exporters. Among the top ten tire exporters in Vietnam, there are only two Vietnamese companies, namely Southern Rubber JSC (Casumina) and Da Nang Rubber JSC (DRC), while the rest are foreign companies.

According to CRI’s analysis, Vietnam has an abundant labor force and low labor costs. Areas with the highest minimum wage levels in Vietnam include Hanoi and Ho Chi Minh City, with a minimum wage of VND4.68 million (about $204) per month in 2021.

In the less developed areas of Vietnam, the minimum monthly wage is only VND3.25 million (about $142). At the end of 2021, Vietnam’s population reaches about 103 million people, with 45.7% of the working age population between 25-54 years old, Vietnam has an abundant labor force and consumer market.

In addition, Vietnam has certain advantages in the cost of raw materials such as natural rubber, electricity prices, land costs and so on. According to CRI analysis, Vietnam tire manufacturing industry has the natural advantage of raw materials. Vietnam ranks 3rd in the world in rubber production, with an annual output of 1.2-2 million tons of natural rubber. Vietnam’s energy and land prices are also at a low level in East and Southeast Asia.

In terms of policy support, eligible foreign-funded enterprises in Vietnam enjoy tax incentives: the corporate income tax rate is 10% for 15 years, and they are exempt from corporate income tax for 4 years from the date of generating taxable income, and the corporate income tax rate is reduced by 5% for the next 9 years. This translates into a net profit margin of 2.5%-3.5%.

On the export side, Vietnam also has a number of concessions. Since the outbreak of the U.S.-China trade war, Chinese tires exported to the United States are currently subject to a 25% surcharge, as well as a dumping duty rate of up to 87.99%. Vietnam’s exports to the United States to enjoy 4% tariff treatment.

2019-2021 the United States imports the largest number of tires is a country and region, Vietnam ranked in the forefront. The EU has signed the Vietnam EU Free Trade Agreement with Vietnam, which will take effect from August 1, 2020. The EU gives Vietnam the highest level of committed free trade partner treatment, and Vietnam and 27 EU countries enjoy mutual tariff preferences.

The low cost of labor as well as other factors of production and favorable export policies are keeping Vietnam’s tire industry under the continuous attention of global investors.

CRI expects Vietnam’s tire production and exports to continue to rise in the years 2022-2031.

The post Research Report on Vietnam Automotive Tire Industry 2022-2031 first appeared on CRI Report.

Natural rubber is an elastic solid made from natural latex collected from rubber trees, and then made through a series of processing procedures such as coagulation and drying. It is also a natural polymer compound with cis-1,4-polyisoprene as its main component.

Rubber tree belongs to the typical tropical rainforest species with a preference for high temperature and humidity, growing at temperatures between 23-35℃. In terms of growing environment, Vietnam has natural advantages in rubber tree planting due to its unique geographical conditions. In 2021, the national rubber tree planting area of Vietnam is about 1 million hectares, and its planting areas are mainly concentrated in the southeast and central highlands, of which the largest planting area in the southeast is about 572,000 hectares, accounting for 58.3% of the national planting area.

In Vietnam, small rubber farms have become one of the most important parts of the rubber industry, according to CRI’s analysis. Especially in the production of natural rubber, the supply of small rubber farms accounts for more than 60% of the total production.

Vietnam’s natural rubber export volume is huge and ranks the third in the world. In the total export volume of Vietnam’s agricultural products, natural rubber export volume is second only to food, and natural rubber is one of the important agricultural products exported by Vietnam. The main export markets of Vietnam’s natural rubber are China, India and South Korea, among which, China occupies the largest proportion. In 2021, Vietnam exported about 1.52 million tons of rubber to China, accounting for about 71% of the total export volume.

In addition, the natural rubber industry in Vietnam features that the production of natural rubber in Vietnam is lower than the export volume. In 2021, its production of natural rubber was only 1.23 million tons, which was 0.9 million tons less compared with the export volume. This is because Vietnam’s enterprises actively plant rubber trees not only within their own territory, but also in neighboring countries such as Cambodia and Laos respectively, which are harvested and transported to Vietnam for preliminary processing before export. The production of natural rubber outside Vietnam is not included in the annual production of Vietnam itself, thus causing this unique phenomenon.

Exports value of rubber processed products in 2020 amounted to about USD3.11 billion, or 39.6% of the total value. The export value of rubber wood was USD2.36 billion, accounting for 30.1%. China has become the largest market for Vietnam’s rubber exports, accounting for more than half of the country’s rubber exports. In 2021, Vietnam’s rubber exports value had reached USD3.43 billion.

According to CRI’s analysis, Vietnam’s rubber enterprises are expanding their sales markets and improving the production of Vietnam’s rubber industry. Due to the wide range of downstream uses of natural rubber and huge global demand, there are many investment opportunities in both cultivation and trade of natural rubber. CRI expects Vietnam’s natural rubber exports to continue to grow in 2022-2031.

Topics covered:

• Overview of Vietnam’s Natural Rubber Industry
• Economic and Policy Environment of Vietnam’s Natural Rubber Industry
• What is the impact of COVID-19 on the natural rubber industry in Vietnam?
• Vietnam’s Natural Rubber Market Size, 2016-2021
• Import and Export Analysis of Natural Rubber in Vietnam
• Analysis of Vietnam’s Major Natural Rubber Plantation and Processing Enterprises
• Key Drivers and Market Opportunities in Vietnam’s Natural Rubber Industry
• What are the key drivers, challenges, and opportunities for Vietnam’s natural rubber industry during 2022-2031?
• What is the expected revenue of Vietnam’s natural rubber market during 2022-2031?
• Which segment of Vietnam’s natural rubber market is expected to dominate the market in 2031?
• What are the major adverse factors facing the natural rubber industry in Vietnam?
• Forecast on Vietnam’s Natural Rubber Market, 2022-2031

The post Research Report on Vietnam Natural Rubber Industry, 2022-2031 first appeared on CRI Report.

According to CRI, China’s automobile industry has developed rapidly since the access to WTO. China has been the world’s largest automobile manufacturer and distributor for 12 years from 2009 to 2020. In the meanwhile, China is as well the world’s largest producer and exporter of automobile tires.

Demand for automobile tires can be classified into OEM demand from whole-vehicle manufacturing and replacement demand from automobile aftermarket. In developed countries, there is scarce potential for growth of new automobile sales due to the high market saturation. Therefore, the demand of aftermarket becomes the major driving force of the tire industry.

CRI figures out two factors that drive automobile tire industry in China: domestic market and export demand. On the one hand, both production volume and reserve volume of automobiles continue to grow in China.

In 2019, the production volume of automobiles reached 25.72 million, representing a CAGR of 6.4% from 2009 to 2019. In 2019, the automobile reserve volume exceeded 1.9 million, representing a CAGR of 15% from 2012 to 2016. These two figures were far higher than global average figures.

On the other hand, the remarkable cost advantage of Chinese tires over international competitors is correlated with an upward trend of tire export from China. In 2016, the export volume of Chinese automobile tires was 3.31 million and the export value was USD 11.46 billion.

Continuous increases in the export of Chinese tires have led to huge international trade barriers faced by Chinese tire export enterprises. However, the cost advantage of Chinese tires is favorable to maintain the export volume at a high level in a short time.

CRI states that China has established an integrated tire industry chain. Except for natural rubber mainly relying on import, there are a large number of manufacturers of other raw materials of tires such as synthetic rubber, steel cord and carbon black in China. Chinese enterprises are also competitive in producing tire molds, manufacturing machines, etc.

Some major global tire manufacturers have entered China and they perceive China as an important global production base. Nowadays in China, over half of the domestic tire market is dominated by foreign-invested enterprises. Moreover, these foreign-invested enterprises occupy most market shares of OEM for whole vehicles that are highly profitable.

According to incomplete statistics by CRI, the number of Chinese tire manufacturers have exceeded 500 by the end of 2020. A majority of domestic tire manufacturers are characterized by small-scale enterprises that produce in a small volume, facing risks of closing down or being acquired.

In order to avoid increasing domestic labor costs and trade barriers, some domestic tire manufacturers start to acquire tire enterprises or establish plants overseas. A survey by CRI demonstrates that enterprises such as Sailun Jinyu Co., Ltd., Linglong Group, Zhongce Rubber Co., Ltd. and Double Coin Holdings Ltd. have established tire plants in Thailand, Vietnam, etc.

Although China has been the world’s largest new automobile market since 2008, automobile reserves per capita remain low, with the automobile reserve volume being less than 200 per thousand persons and lower than the figure of 600-1000 per thousand persons in developed courtiers. It is estimated that China’s annual economic growth rate will remain over 5% from 2021 to 2025.

The production and sales volume of tire will present an annual growth rate at about 5%. Similarly, the automobile reserve volume will continue to climb, stimulating domestic demand for tires.

According to CRI analysis, the outbreak of the COVID-19 epidemic has had an adverse impact on China’s tire manufacturing industry in the first quarter of 2020.

However, since April 2020, China’s tire manufacturing industry has gradually recovered. Although due to the impact of the epidemic, global and Chinese automobile production has declined, reducing the demand for tires in the new car market, the demand for tires in the aftermarket remains high.

In 2019, China’s tire export volume was about 500.6 million, and the CAGR from 2015 to 2019 was about 3%. CRI expects that due to the impact of the COVID-19 epidemic in 2020, China’s tire exports will slightly decline.

From 2021 to 2025, the CAGR of China’s tire exports will remain at least 2%. CRI predicts that the biggest risk facing China’s tire industry in the future is due to the rising costs of China’s manpower, land, and energy, causing tire manufacturing companies in China to move to Southeast Asian countries such as Vietnam.

Topics Covered:
-The impact of COVID-19 on China’s tire market
-Policy Environment of China Tire Industry
-Competition Status of Tire Market
-Supply and Demand Status of Tires in China
-Major manufacturers in China and Globe
-China’s Import and Export of Tires 2017-2020
-China’s tire exports by type
-Driving Forces and Market Opportunities in China Tire Market, 2021-2025
-Threats and Challenges in China Tire Market, 2021-2025
-Prospect of China Tire Market, 2021-2025

Global Automotive Repair and Maintenance Services Market By Vehicle Type (Bikes & Scooters, Passenger Cars, Commercial Vehicles); By Service Providers (Automobile Dealerships, Franchise General Repairs, Locally Owned Repair Shops/Body Shops, Specialty Shops, Tire Shops); and Region – Analysis of Market Size, Share &Trends for 2016-2019 and Forecasts to 2030

The post Research Report on Automobile Tire Industry in China, 2021-2025 first appeared on CRI Report.

Research Report on Automobile Tire Industry in China, 2018-2022

The post Sample of Research Report on Automobile Tire Industry in China, 2018-2022 first appeared on CRI Report.

Research Report on China Tire Industry, 2017-2021

The post Sample of Research Report on China Tire Industry, 2017-2021 first appeared on CRI Report.

Since 2000, China’s automobile industry has been developing fast. From 2009 to 2016, China was the world’s largest automobile manufacturer and the largest sales market for 8 years. Meanwhile, China was also the world’s largest producer and exporter of tires. In 2016, the production volume in China reached 946.98 million, up by 2.36% YOY. With the increasing production volume and reserve volume of automobiles, the demand for tires is rising in China’s domestic market. Because of huge cost advantages of Chinese tires, since 2000, the export of tires also presented an upward trend in China. In 2016, the export of automobile tires in China was 468.48 million, up by 5.4% YOY. Due to increased export volume of Chinese tires, many Chinese tire enterprises are confronted with trade disputes such as anti-dumping investigation. However, in general, the export volume still presents a rising trend because of huge cost advantages.

China has established an integrated industry chain of tire. In China, except for natural rubber which mainly relies on import, other raw materials of tire such as synthetic rubber, steel cord and carbon black can be produced by a great number of manufacturers in China. Chinese enterprises are also strong in producing tire molds and manufacturing machines.

Attracted by low production cost and huge market demand of the tire industry in China, major multinational tire enterprises have entered the Chinese market and regard China as the key global production base. At present, over half of China tire market is occupied by foreign-funded enterprises. Besides, foreign-funded enterprises dominate the high-end market in China. The profit margin of them is twice or even more than twice that of Chinese enterprises.

According to incomplete statistics by CRI, by the end of 2016, the number of tire manufacturers had been over 550 in China. Most of the domestic tire enterprises are characterized by a small size and weak strength. With the development of the economy and the capital market in China, Chinese enterprises have started to make overseas acquisitions of tire enterprises.

Chinese automobile industry develops rapidly after joining WTO, which promotes the development of the automobile tire industry. In 2016, the production volume of automobiles was 28.119 million, up by 14.5% YOY. The sales volume was 28.028 million, up by 13.7% YOY. Meanwhile, the automobile reserves are also increasing. By the end of 2016, civil automobile reserves reached 194 million, a huge contrast against the number of 24 million in 2003. The increased production volume and reserve volume of automobiles in China stimulate the demand for automobile tires.

Although China has become the world’s largest automobile market for 6 years since 2008, car ownership per capita remains at a low level. In 2016, the automobile reserves were only 140 per thousand, far lower than the 600 to 800 per thousand in developed countries. It is estimated that in the next few years, China’s annual economic growth will remain at over 6%. The production and sales volume will grow at about 5% a year. Additionally, the market demand for tires will keep rising. In China, the demand for replacement tires in automobile after-market will take up a larger proportion in the tire market.

Due to integrated upstream and downstream industry chains and low environmental expenses, China’s tire industry possesses huge advantages compared to other developing countries, such as India. CRI has analyzed that in the next few years, the domestic demand and export of China’s tire industry will continue to rise. Currently, though China’s tire enterprises are faced with problems including higher environmental requirements, overcapacity and increasing labor cost, there is still much room for development. Chinese government’s support also indicates good prospects for the development of China’s tire industry.

Readers can obtain the following information or more through this report:

– Overview of Global Tire Industry, 2012-2016

– Analysis on Development Environment of Tire Industry

– Analysis on Production and Demand in China Tire Industry, 2012- 2016

– Analysis on Major Raw Materials of China Tire Industry

-Competition Status of China Tire Industry

-Analysis of Major Foreign-funded and Domestic Tire Manufacturers in China

-Analysis on Import and Export of Tire in China

-Trade Barriers against Tires Exported from China

– Favorable and Unfavorable Factors in China Tire Industry, 2017-2021

-Forecast on Supply and Demand of China Tire Industry, 2017-2021

-Investment Opportunities in China Tire Industry

The post Research Report on China Tire Industry, 2017-2021 first appeared on CRI Report.

China’s tire export trade could be traced back to 1952 with species developing from truck tire, light truck tire and agricultural tire with bias structure into over 1600 varieties which come under five series of bias and radial truck tire, light truck tire, passenger car tire, industrial tire and agricultural tire. Export destinations have also expanded from Southeast Asia, Middle East and Africa to many developed countries and regions like North America and Europe. China has become the largest tire producer, exporter and consumer although one third of its tires are imported.
China boasts of a perfect industrial system of tire. Apart from natural rubber, the raw material which mainly relies on import, such additives as synthetic rubber, carbon black, zinc oxide all are in a large supply at home. Besides, local enterprises also have strong capability of making skeleton material like steel wire and such rubber machineries as internal mixer, calendar, molding machine and vulcanizing machine (mould).
In 2015, China exported 44.451 million tires with a year-on-year decreasing of 6.58% and brought in an export value of USD 13.846 billion with a year-on-year growth decreasing 15.81% year on year. Influenced by the continuous decline in the global price of natural rubber in recent years, costs of tire production have decreased too, leading to a decline in average unit price.
Chinese tires are exported to over 200 countries and regions, among which the US is the largest export market. In 2015, China exported 1.065 million tons of tires to the US with a year-on-year decreasing of 20.78% and brought in an export value of USD 2.783 billion with a year-on-year decreasing of 30.23%.
And the EU is the second largest tire export market.
Besides, the United Arab Emirates, Mexico, Russia, Saudi Arabia and Australia all constitute important export destinations of tire.
Passenger tires imported from China into the US are radial ones with a specification of 15-16 inches which are priced 20% below the average export price of tire. Among all imported passenger tires with various specifications in the US, those from China take up the largest share. Although the increasing export to the US prospers China’s tire export market, it is prone to the influence exerted by relevant trade policies. The special protectionist tariff before constitutes an important trade barrier measure imposed by the US on tire imports from China.
China’s tire export has grown fast since the turn of the century, which has incurred increasing trade barriers and thus posed severe threat to tire manufacturers and exporters. For one thing, the US and EU begin to set up stricter technical standards for imported tires. Besides, the fast growth in Chinese tire’s share in the global market has affected the benefits of some tire manufacturers. Other problems like unhealthy competition of cutting price among Chinese enterprises and unreasonable product and market structure of exported tires have made anti-dumping a serious issue facing tire exporters in China. Currently, China’s large-scale tire export has caused such sanctions as anti-dumping in many countries.
In 2016, the export of Chinese tires still seems hard due to slow growth in global economy and shrunk domestic demand. On one hand, as European and Japanese economies are on the brink of recession and emerging economies slow down their growth, the external market demand is limited; on the other hand, the competitive devaluation of foreign currencies has resulted in the passive appreciation of RMB and thus the decreased competitiveness of Chinese exports.
International trade frictions also exert great influence on China’s tire imports. For example, influenced by the US’s special protectionist tariff on passenger tires from China, the export dropped sharply to USD 968 million in 2011. And only when the tariff restriction was lifted three years later did China’s passenger tire export pick up. According to the statistics, in 2014, China’s export of passenger and light truck tires to the US brought in a value of USD 2.3 billion. There is concern in the field that the anti-dumping and countervailing investigation might cause chain reaction, i.e. the EU, Japan, India and Australia might follow suit.
With regard to domestic demand, as auto production and sales start to fall, the expectation of growth in tire market has decreased too. Besides, tire industry is troubled by cost rise due to the adjustments of compound rubber standards and natural rubber tariff. Therefore, it is inevitable for local tire manufacturers to adjust export structure, improve exports’ technological level and added value, create new comparative advantages and adopt effective measures to promote export.
On the whole, as China has great cost and industrial chain advantages, Chinese tire is expected to maintain its status in global market in near future and reports a continuous increase in export.

Readers can get at least the following information through this report:
-Chinese government’s policy supporting tire export
-China’s tire export
-major export destinations of Chinese tire
-trade barriers experienced by Chinese tire
-export forecast of Chinese tire

The author suggests the following groups of people purchase this report:
-tire manufacturers
-enterprises engaged in tire trade
-related enterprises in industrial chain of tire
-investors and research institutions interested in Chinese tire industry

Table of Contents
1 Overview of Tire Industry in China
1.1 Definition and Classification
1.1.1 Definition
1.1.2 Classification
1.2 Status of Tire Industry in China
1.2.1 Supply
1.2.2 Demand
1.3 Tire Industrial Chain in China
1.3.1 Tire Mould
1.3.2 Carbon Black
1.3.3 Natural and Synthetic Rubber
1.3.4 Steel Cord
1.3.5 Auto Industry

2 Tire Export in China, 2011-2015
2.1 Overall Situation of Export
2.1.1 Export Volume
2.1.2 Export Value
2.2 Structure of Exports
2.3 Major Export Destinations

3 Factors Affecting China’s Tire Export
3.1 Economic Environment
3.1.1 Global Economy
3.1.2 Chinese Economy
3.2 Policy Environment
3.2.1 Chinese Government’s Policy for Tire Export
3.2.2 International Trade Barrier
3.3 Export Driver
3.4 Export Obstacle

4 Major Export Destinations of Chinese Tire, 2011-2015
4.1 United States
4.1.1 Tire Production
4.1.2 Tire Consumption
4.1.3 Tire Import
4.1.4 Trade Barrier Imposed on Chinese Tire
4.2 Mexico
4.3 United Kingdom
4.4 Australia
4.5 UAE
4.6 Saudi Arabia
4.7 Canada
4.8 Germany
4.9 The Netherlands
4.10 Nigeria

5 Forecasts on Tire Export in China, 2016-2020
5.1 Factors Affecting Export
5.1.1 Favorable Factors
5.1.2 Unfavorable Factors
5.2 Export Forecast
5.3 Development Advice

Table of Charts
Chart Classification of Tire Products
Chart Tire Output in China, 2008-2015
Chart Market Size of Tire Industry in China, 2008-2015
Chart China’s Tire Export, 2009-2015
Chart China’s Radial Tire Export, 2009-2015
Chart International Trade Barriers Experienced by Chinese Tires, 2009-2015
Chart China’s Tire Export to the US, 2011-2015
Chart Export Value of Chinese Tire, 2011-2015
Chart TOP20 Export Destinations of Tire in China 2015
Chart Tire Sales in the US, 2011-2015
Chart Export Forecast of Chinese Tire, 2016-2020

The post Research Report on China Tire Export, 2011-2020 first appeared on CRI Report.

Study Objectives of Tubeless Tire Market
• To provide detailed analysis of the market structure along with the forecast of the various segments and sub-segments included in global tubeless tire market with the analysis of development and demand in the market, for the next five to ten years
• To identify high growth regions and countries
• To study regional and country-specific demand and forecast for global tubeless tire market
• To cover the key segments of tire type, vehicle type, distribution channel, and region
• To finalize unit breakdown for all different classifications required for forecasting, considering various factors
• To identify forecast demand for all probable segments for all the regions, and to collect the historical figure, data through primary and annual reports to derive the regional and country level market size
• To identify historical trends to forecast and estimate the future value data
Intended Audience
• Manufacturers and distributors of tubeless tire market
• Suppliers and traders of Tubeless Tire market
• Government associations and industrial bodies.
• Investors and Trade experts
• Consulting in automotive experts

DC description
Tubeless bike tires
Tubeless tyre
Tubeless tyre puncture
Tubeless tyre for bike
Tubeless road tires
Tubeless mountain bike tires
Tubeless road tyres
Tubeless wheelset
Tubeless road bike tires
Tubeless tire sealant
Tubeless tyre price for bike
Tubeless tyre repair

Table of Contents:

1 Executive Summary
2 Introduction
2.1 Definition
2.2 Scope of the Study
2.3 Assumptions
2.4 Market Structure
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics
4.1 Drivers
4.1.1 Growth in automotive industry in developing countries
4.1.2 Implementation of Stringent Vehicular Emission & Fuel Economy Norms
4.1.3 Increase in Production of Vehicles
4.1.4 Rising Demand for Radial Tyres
4.2 Restraints
4.2.1 Fluctuation in Raw Material Cost
4.2.2 Huge Capital Requirement to set up new Manufacturing Facility
4.3 Opportunities
4.3.1 Rise in Average Life Span of Vehicles
4.4 Challenges
4.4.1 Increasing Pricing Pressures
5 Market Factor Analysis
5.1 Porter’s 5 Forces Analysis
5.1.1 Threat of New Entrants
5.1.2 Bargaining Power of Suppliers
5.1.3 Bargaining Power of Buyers
5.1.4 Threat of Substitute
5.1.5 Segment Rivalry
5.2 Value Chain Analysis
5.2.1 Raw Material Supply
5.2.2 Assembly and customization
5.2.3 Distribution
5.2.4 End-users
6 Global Tubeless Tire Market, By Tire type
6.1 Introduction
6.2 Radials
6.3 Bias
7 Global Tubeless Tire Market, By Vehicle type
7.1 Introduction
7.2 Passenger Car
7.3 Commercial Vehicles
7.4 Others
8 Global Tubeless Tire Market, By Distribution channel
8.1 Introduction
8.2 OEM
8.3 Aftermarket
9 Global Tubeless Tire Market, By Region
9.1 Introduction
9.2 North America
9.2.1 U.S
9.2.2 Canada
9.3 Europe
9.3.1 Germany
9.3.2 U.K.
9.3.3 France
9.3.4 Spain
9.3.5 Rest of Europe
9.4 Asia-Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 Rest of Asia-Pacific
9.5 Rest of the World (RoW)
9.5.1 Latin America
9.5.2 Middle East & Africa
10 Competitive Scenario
10.1 Market Share Analysis
11 Company Profiles
11.1 Bridgestone Corporation
11.1.1 Company Overview
11.1.2 Financial Overview
11.1.3 Product Offering
11.1.4 Strategy
11.1.5 Key Development
11.2 The Goodyear Tyre & Rubber Company
11.2.1 Company Overview
11.2.2 Financial Overview
11.2.3 Product Offering
11.2.4 Strategy
11.2.5 Key Developments
11.3 MRF ltd.
11.3.1 Company Overview
11.3.2 Financial Overview
11.3.3 Product Offering
11.3.4 Strategy
11.3.5 Key developments
11.4 Ceat Tyres Ltd.
11.4.1 Company Overview
11.4.2 Financial Overview
11.4.3 Product Offering
11.4.4 Strategy
11.4.5 Key Developments
11.5 Continental Corporation
11.5.1 Company Overview
11.5.2 Financial Overview
11.5.3 Product Offering
11.5.4 Strategy
11.6 Michelin
11.6.1 Company Overview
11.6.2 Financial Overview
11.6.3 Product Offering
11.6.4 Strategy
11.6.5 Key Developments
11.7 Pirelli
11.7.1 Company Overview
11.7.2 Financial Overview
11.7.3 Product Offering
11.7.4 Strategy
11.8 Yokohama Tire Corporation
11.8.1 Company Overview
11.8.2 Financial overview
11.8.3 Product Offering
11.8.4 Strategy
11.9 Toyo Tire & Rubber Co., Ltd.
11.9.1 Company Overview
11.9.2 Financial Overview
11.9.3 Product Offering
11.9.4 Strategy
11.9.5 Key Developments
11.10 Cooper Tire & Rubber Company
11.10.1 Company Overview
11.10.2 Financial Overview
11.10.3 Product Offering
11.10.4 Strategy

List of Tables:

TABLE 1 Market synopsis
TABLE 2 Global Tubeless Tire Market, BY Tire type, 2015–2023 (USD billion)
TABLE 3 Global Tubeless Tire Market, BY vehicle type, 2015–2023 (USD billion)
TABLE 4 Global Tubeless Tire Market, BY distribution channel, 2015–2023 (USD billion)
TABLE 5 Global Tubeless Tire Market, BY region, 2015–2023 (USD billion)
TABLE 6 north america: Tubeless Tire Market, BY country, 2015–2023 (USD billion)
TABLE 7 North america: Tubeless Tire Market, BY Tire type, 2015–2023 (USD billion)
TABLE 8 North america: Tubeless Tire Market, BY vehicle type, 2015–2023 (USD billion)
TABLE 9 North america: Tubeless Tire Market, BY distribution channel, 2015–2023 (USD billion)
TABLE 10 u.s.: Tubeless Tire Market, BY Tire type, 2015–2023 (USD bILLION)
TABLE 11 u.s.: Tubeless Tire Market, BY vehicle type, 2015–2023 (USD bILLION)
TABLE 12 u.s.: Tubeless Tire Market, BY distribution channel, 2015–2023 (USD bILLION)
TABLE 13 canada: Tubeless Tire Market, BY Tire type, 2015–2023 (USD bILLION)
TABLE 14 canada: Tubeless Tire Market, BY vehicle type, 2015–2023 (USD bILLION)
TABLE 15 canada: Tubeless Tire Market, BY distribution channel, 2015–2023 (USD bILLION)
TABLE 16 europe: Tubeless Tire Market, BY country, 2015–2023 (USD bILLION)
TABLE 17 europe: Tubeless Tire Market, BY Tire type, 2015–2023 (USD bILLION)
TABLE 18 europe: Tubeless Tire Market, BY vehicle type, 2015–2023 (USD bILLION)
TABLE 19 europe: Tubeless Tire Market, BY Distribution Channel, 2015–2023 (USD bILLION)
TABLE 20 germany: Tubeless Tire Market, BY Tire type, 2015–2023 (USD bILLION)
TABLE 21 germany: Tubeless Tire Market, BY vehicle type, 2015–2023 (USD bILLION)
TABLE 22 germany: Tubeless Tire Market, BY distribution channel, 2015–2023 (USD bILLION)
TABLE 23 U.K.: Tubeless Tire Market, BY Tire type, 2015–2023 (USD bILLION)
TABLE 24 u.k.: Tubeless Tire Market, BY vehicle type, 2015–2023 (USD bILLION)
TABLE 25 u.k.: Tubeless Tire Market, BY distribution channel, 2015–2023 (USD bILLION)
TABLE 26 france: Tubeless Tire Market, BY Tire type, 2015–2023 (USD bILLION)
TABLE 27 france: Tubeless Tire Market, BY vehicle type, 2015–2023 (USD bILLION)
TABLE 28 france: Tubeless Tire Market, BY distribution channel, 2015–2023 (USD bILLION)
TABLE 29 spain: Tubeless Tire Market, BY Tire type, 2015–2023 (USD bILLION)
TABLE 30 spain: Tubeless Tire Market, BY vehicle type, 2015–2023 (USD bILLION)
TABLE 31 spain: Tubeless Tire Market, BY distribution channel, 2015–2023 (USD bILLION)
TABLE 32 rest of europe: Tubeless Tire Market, BY Tire type, 2015–2023 (USD bILLION)
TABLE 33 rest of europe: Tubeless Tire Market, BY vehicle type, 2015–2023 (USD bILLION)
TABLE 34 rest of europe: Tubeless Tire Market, BY distribution channel, 2015–2023 (USD bILLION)
TABLE 35 ASIA-PACIFIC: Tubeless Tire Market, BY country, 2015–2023 (USD bILLION)
TABLE 36 ASIA-PACIFIC: Tubeless Tire Market, BY Tire type, 2015–2023 (USD bILLION)
TABLE 37 ASIA-PACIFIC: Tubeless Tire Market, BY Vehicle type, 2015–2023 (USD bILLION)
TABLE 38 ASIA-PACIFIC: Tubeless Tire Market, BY distribution channel, 2015–2023 (USD bILLION)
TABLE 39 china: Tubeless Tire Market, BY Tire type, 2015–2023 (USD bILLION)
TABLE 40 china: Tubeless Tire Market, BY Vehicle type, 2015–2023 (USD bILLION)
TABLE 41 china: Tubeless Tire Market, BY distribution channel, 2015–2023 (USD bILLION)
TABLE 42 japan: Tubeless Tire Market, BY Tire type, 2015–2023 (USD bILLION)
TABLE 43 japan: Tubeless Tire Market, BY Vehicle type, 2015–2023 (USD bILLION)
TABLE 44 japan: Tubeless Tire Market, BY distribution channel, 2015–2023 (USD bILLION)
TABLE 45 india: Tubeless Tire Market, BY Tire type, 2015–2023 (USD bILLION)
TABLE 46 india: Tubeless Tire Market, BY Vehicle type, 2015–2023 (USD bILLION)
TABLE 47 india: Tubeless Tire Market, BY distribution channel, 2015–2023 (USD bILLION)
TABLE 48 rest of Asia-Pacific: Tubeless Tire Market, BY Tire type, 2015–2023 (USD bILLION)
TABLE 49 rest of Asia-Pacific: Tubeless Tire Market, BY Vehicle type, 2015–2023 (USD bILLION)
TABLE 50 rest of Asia-Pacific: Tubeless Tire Market, BY distribution channel, 2015–2023 (USD bILLION)
TABLE 51 row: Tubeless Tire Market, BY country, 2015–2023 (USD bILLION)
TABLE 52 row: Tubeless Tire Market, BY Tire type, 2015–2023 (USD bILLION)
TABLE 53 row: Tubeless Tire Market, BY Vehicle type, 2015–2023 (USD bILLION)
TABLE 54 row: Tubeless Tire Market, BY distribution channel, 2015–2023 (USD bILLION)
TABLE 55 latin america: Tubeless Tire Market, BY Tire type, 2015–2023 (USD bILLION)
TABLE 56 latin america: Tubeless Tire Market, BY Vehicle type, 2015–2023 s(USD bILLION)
TABLE 57 latin america: Tubeless Tire Market, BY distribution channel, 2015–2023 (USD bILLION)
TABLE 58 middle east & africa: Tubeless Tire Market, BY Tire type, 2015–2023 (USD bILLION)
TABLE 59 middle east & africa: Tubeless Tire Market, BY Vehicle type, 2015–2023 (USD bILLION)
TABLE 60 middle east & africa: Tubeless Tire Market, BY distribution channel, 2015–2023 (USD bILLION)
TABLE 61 Bridgestone Corporation: product offering
TABLE 62 Bridgestone Corporation: key development
TABLE 63 THE GOODYEAR TIRE & RUBBER COMPANY: product offering
TABLE 64 THE GOODYEAR TIRE & RUBBER COMPANY: key developments
TABLE 65 MRF LTD.: PRODUCT OFFERING
TABLE 66 MRF LTD: key developments
TABLE 67 CEAT tyres ltd: product offering
TABLE 68 CEAT tyres ltd: key developments
TABLE 69 Continental corporation: product offering
TABLE 70 Michelin: product offering
TABLE 71 Michelin: key developments
TABLE 72 Pirelli & C. S.p.A. : product offering
TABLE 73 Yokohama Tire Corporation: product offering
TABLE 74 Toyo Tire & Rubber Co., Ltd.: product offering
TABLE 75 TOYO TIRE & RUBBER CO., LTD.: key developments
TABLE 76 Cooper Tire & Rubber Company: PRODUCT OFFERING

List of Figures
FIGURE 1 Research Process of MRFR
FIGURE 2 TOP DOWN & BOTTOM up APPROACH
FIGURE 3 drivers, restraints and opportunities for global tubeless tires market
FIGURE 4 Total production of cars in china, 2014-2016
FIGURE 5 SALES OF NEW VEHICLE, 2013-2016
FIGURE 6 Porter’s 5 Forces Analysis
FIGURE 7 value chain analysis
FIGURE 8 Global Tubeless Tire Market size, BY Tire type, 2016-2023 (USD Billion)
FIGURE 9 total sales of passenger cars (units, in million)
FIGURE 10 total sales of commercial vehicles (units, in million)
FIGURE 11 global Tubeless Tire Market, BY vehicle type, 2015-2023 (USD bIllion)
FIGURE 12 global Tubeless Tire Market, BY distribution channel, 2015-2023 (USD bIllion)
FIGURE 13 Global Tubeless Tire Market, BY region, 2015 vs 2023 (USD bIllion)
FIGURE 14 key trends of India tyre industry
FIGURE 15 tubeless tire market: market share analysis
FIGURE 16 Bridgestone Corporation: total revenue vs segmental revenue, 2014-2014 (usd billion)
FIGURE 17 Bridgestone CORPORATION: geographic revenue mix, 2016 (%)
FIGURE 18 The Goodyear Tire & Rubber Company: total revenue, 2014-2016 (usd million)
FIGURE 19 The Goodyear Tire & Rubber Company, geographic revenue mix, 2016 (%)
FIGURE 20 mrf ltd: total revenue vs segmental revenue, 2014-2016, (usd million)
FIGURE 21 mrf ltd.: geographic revenue mix, 2016 (%)
FIGURE 22 CEAT tyres ltd: total revenue, 2014-2016 (usd million)
FIGURE 23 CEAT tyres ltd: geographic revenue mix, 2016 (%)
FIGURE 24 continental corporation: total revenue vs segmental revenue, 2014-2016 (usd million)
FIGURE 25 continental corporation: geographic revenue mix, 2016 (%)
FIGURE 26 Michelin: total revenue vs segmental revenue, 2014-2016 (usd million)
FIGURE 27 Michelin: geographic revenue mix, 2016 (%)
FIGURE 28 Pirelli & C. S.p.A.: total revenue vs segmental revenue, 2014-2016 (usd million)
FIGURE 29 Pirelli & C. S.p.A.: geographic revenue mix, 2016 (%)
FIGURE 30 Yokohama Tire Corporation: total revenue, 2013-2015 (usd billion)
FIGURE 31 Yokohama Tire Corporation: geographic revenue mix, 2015 (%)
FIGURE 32 Toyo Tire & Rubber Co., Ltd.: total revenue vs segmental revenue, 2014-2016 (usd million)
FIGURE 33 Toyo Tire & Rubber Co., Ltd.: geographic revenue mix, 2016 (%)
FIGURE 34 Cooper Tire & Rubber Company: total revenue, 2014-2016 (USD THOUSAND)
FIGURE 35 Cooper Tire & Rubber Company: GEOGRAPHIC REVENUE MIX, 2016 (%)

The post Global Tubeless Tire Market – Trends & Forecast, 2017-2023 first appeared on CRI Report.