Analysis on Trend of China Tire Industry, 2017

According to statistics of World Automobile Association, at the end of 2016, automobile reserve volume was 1.12 billion, and production volume in 2015 was 90.68 million, up by 3.63% YOY. Global automobile production volume has kept a compound growth rate of 3.5% since 1997. In 2016, domestic automobile market also thrived in both productions and sales: annual sales volume of passenger vehicles was 24.38 million, hitting a record high, up by 16% YOY; sales volume of heavy truck even reached 32%, a historical high growth rate since 2011. At the…

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