With tire output estimated at 960 million units in 2017, China is the largest producer of tires in the world, followed by the United States and Japan. Revenue of the Tire Manufacturing industry in China is expected to total $95.6 billion in 2017, up 3% for the year. Over the five years through 2017, revenue has been growing at an average annualized rate of 4.2%. The development of China's Automobile Manufacturing industry (IBISWorld industry report 3721) has been a major driver of tire demand. With increased automobile ownership in China, demand for tires for new cars and replacement tires for existing vehicles continued to increase strongly in the past five years. Road construction and growth in road transportation have also contributed to higher demand for tires...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Tires produced in China account for approximately 33.3% of the global tire market
  • Industry Report - Industry Analysis Chapter

    China produces the most tires in the world, with annual pneumatic tire output of 960 million units in 2017. Industry revenue is expected to total $95.6 billion in 2017, growing at an average annualized rate of 4.2% over the five years to 2017. During this period, raw material prices and market demand mainly affected profit growth.Industry revenueIn 2010, automobile output in China amounted to 18.26 million, up 32.4% from 2009. Domestic demand therefore grew rapidly, by 17.5% year on year. Foreign demand for tires also recovered, with exports increasing by 30.2% from 2009. As a result, the Tire Manufacturing industry's revenue increased by 20.1% since 2009.In 2011, industry revenue increased 35.9%. Alt...purchase to read more.

    Additional Insights for the Tire Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Tire Manufacturing Industry are

  • Ability to quickly adopt new technology
  • Establishment of export markets
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Downstream Demand - Motor Vehicle mfg and Export Competition in the Tire Manufacturing industry impact industry performance..

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    What's in this report

    What is the Tire Manufacturing Industry?

    The Tire Manufacturing industry in China manufactures pneumatic tires, solid tires, semi-pneumatic tires, tire tubes and aircraft tires. The tire products in this industry use rubber as the major raw material.

    Industry Products
  • Car tires
  • Light truck tires
  • Truck tires
  • Agricultural and forestry tires
  • Engineering tires
  • Motorcycle tires
  • Other tires
  • Industry Activities
  • Manufacturing pneumatic tires
  • Manufacturing semi-pneumatic tires
  • Manufacturing tire tubes
  • Manufacturing aircraft tires
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Downstream Demand - Motor Vehicle mfg
  • Export Competition
  • World price of rubber
  • Industry Systems and Technology - Rubber Tire Mfg
  • Import Taxes - Rubber Tire Mfg.

  • Current Performance
    Industry revenuePrices and productionIndustry profitabilityInternational tradeDemand and consumption trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Tire Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Tire Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Automobile Manufacturing
  • Car Repair Services
  • Motorcycle Manufacturing
  • Aircraft Manufacturing
  • Auto Parts Stores

  • Key Selling Industries
  • Iron & Steel Casting
  • Synthetic Rubber Manufacturing

  • Products & Services
  • Car tires
  • Motorcycle tires
  • Light truck tires
  • Truck tires
  • Engineering tires
  • Other tires
  • Agricultural and forestry tires
  • Chart: Tire Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Disposable household income
  • Growth in downstream markets
  • Gas prices

  • Major Markets
  • Specialty stores
  • Original tire market
  • Exports
  • Automobile maintenance stores
  • Automobile detailing and cleaning stores
  • Other retail stores
  • Chart: Major Market Segmentation for the Tire Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Depreciation
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Tire Manufacturing

  • Basis of Competition
  • Technology
  • Brand awareness
  • Pricing
  • Production capacity
  • Value-add of products
  • Sales channels
  • Service quality
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Tire Manufacturing Industry

  • Industry Globalization
    Hangzhou Zhongce Rubber Co., Ltd., Shandong Linglong Group Co., Ltd., GITI Tire (China) Investment Company Limited, Bridgestone (China) Investment Co. Ltd., Triangle Group,
  • Table: Hangzhou Zhongce Rubber Co., Ltd. - financial performance
  • Table: Shandong Linglong Group Co., Ltd. - financial performance
  • Table: GITI Tire (China) Investment Company Limited - financial performance
  • Table: Bridgestone (China) Investment Co. Ltd. - financial performance
  • Table: Triangle Group - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Tire Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Tire Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)
  • Pneumatic Tire Output (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Bias Tires
  • Utilizes body ply cords that extend diagonally from bead to bead, usually with successive plies laid at opposing angles forming a criss-cross pattern to which the tread is applied.
  • Radial Tires
  • Allow for reduced rolling friction by laying the cord plies at 90 degrees to the direction of travel. This prevents the plies from rubbing against each other as the tire flexes
  • Tire Tubes
  • Made from an impermeable material, such as soft, elastic synthetic rubber, to prevent air leakage.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Tire Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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    This report on Tire Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Tire Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Tire Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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