Tire industry reshuffle，What about china tire companies？

Tire industry reshuffle: Five years of major trends, industry reshuffle. Global tire tire production exceeds 1.6 billion

According to the survey and statistics of the Tire branch of the China Rubber Industry Association, China’s tire production in 2021 will be 697 million, an increase of 10%. Among them, the output of 657 million radial tires, an increase of 10.2%. According to the production of rubber tires in China, combined with the Michelin Company’s 2021 annual report, the proportion of Chinese production in world production is reasonably estimated, and the global output of tire tires in 2021 will reach 1.64 billion. Global tire consumption rebounded to 1.7 billion

From 2015 to 2019, the global tire market consumption as a whole showed a steady upward trend; Global tire consumption in 2020 has decreased significantly, mainly due to the impact of the epidemic. With the increase in vaccine penetration in countries around the world and the effective measures to control the spread of the epidemic, global tire consumption rebounded to 1.719 billion in 2021, an increase of 9.00%. Japanese tire sales number one in the world

In 2021, among the global tire sales by country, the top three countries are Japan, China and France, which together account for 63% of world sales. In China’s sales revenue, the sales revenue in mainland China was 24.805 billion US dollars, accounting for 17% of the world’s total sales; Sales in Taiwan, China, were $5.554 billion, accounting for 4%. definition

Tires are ground rolling circular elastic rubber products assembled on various vehicles or machinery. Usually installed on the metal rim, it can support the body, cushion the external impact, achieve contact with the road surface and ensure the driving performance of the vehicle. Tires are often used under complex and harsh conditions, and they bear a variety of deformation, load, force and high and low temperature effects when driving, so they must have high bearing performance, traction performance and buffer performance. At the same time, it also requires high wear resistance and flexural resistance, as well as low rolling resistance and heat generation.

Tires are divided by use, mainly including: automobile tires, construction machinery tires, industrial vehicle tires, agricultural tires, aviation tires, motorcycle tires, animal-drawn tires, power tires and special purpose tires. At present, the highest market share is automobile tires, with the development of the economy, animal-drawn vehicle tires will gradually withdraw from the market. Chinese tire industry competition echelon

The tire industry can be divided into three competitive echelons according to the registered capital of the enterprise. Among them, the registered capital of more than 2 billion yuan of enterprises are Shuangqian tire, Wheel tire, Giti Tire, Huayi Group; Enterprises with registered capital between 1 and 2 billion yuan are: Zhengxin Rubber, Linglong Tire, Guizhou Tire, General Stock, Pulin Chengshan; The registered capital of the remaining enterprises is less than 1 billion yuan. Market size forecast: China’s tire market is expected to exceed $39 billion in 2027

In 2021, China’s major tire companies began to vigorously increase their production capacity and lay out tire factories worldwide. It is foreseeable that China’s tire industry will have sustainable development in the next few years, and its market share will increase steadily. However, it is affected by the international environment, the spread of the epidemic in the world, and the impact of macro policies on the situation of international relations.

China’s tire industry in international trade will be affected by all aspects, so the overall growth rate of the market size will be limited, and the limited international trade environment will also have a counteracting impact on the development of China’s tire industry. According to data from Research and Markets, the compound growth rate of China’s tire industry in 2022-2027 is 7.3%, and the preliminary estimate is that by 2027, the size of China’s tire market will reach 39.1 billion US dollars.

In the end

About Forlander Tyres:

Shandong Forlander Tire Co.,LTD was founded in 2011, with its factory located in No.399, North of Kaiyuan West Avenue, Leling, Dezhou City, Shandong Province; it is a new high-tech enterprise specialized in the research, development, production and sales of radial truck tires, off-the-road tires, and agricultural tires, with assets of nearly RMB 2 billion Yuan.

Our production capacity:2.5 million sets of all-steel radial truck tires and1 million bias tires for heavy duty truck, off-the-road,large agricultural machinery and industrial vehicle. We have export more than 30 countries with our Main brands: FORLANDER, LOTOUR. Authoritative Certificates as IS09001:2000,ISO/TS16949,CCC,DOT.ECE,GCC,INMETRO.

At present, the Company has established over three hundred sales and service outlets in the country . It promotes the strategy of internationalization actively, sets up overseas branches in the United States, Canada, etc. and intensifies the efforts to expand international market; its products are exported to Europe and America.

Forlander Tyres is a global tire brand committed to delivering high-quality, reliable, and innovative tire solutions. With a strong emphasis on performance, safety, and sustainability, Forlander Tires aims to meet the diverse needs of customers worldwide.