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October 10, 2017, today is a great day, 258 years ago the world's first real tire was born! According to the data center of tire commerce, as of 2016, the global tire market has reached 4,050 billion RMB: According to the global economic distribution, the development of automobile and population change is projected to reach 500 billion global tire trade by 2025, which is an important growth from the growth of global automobile tires, automobile tires occupy 84% of the market share, and agricultural tires and engineering tires still have a rapid growth in 2020.

Of course, the tire market is subject to macroeconomic, international settlement, global politics and technological change on its way to $500 billion, and the challenges, trends and opportunities in the market are one after another. The tire business expects the strong growth of the global automotive tire market to be in the Asia Pacific region (APEJ), North America, Western Europe, Eastern Europe, Latin America, Japan, Middle East and Africa (MEA). Growth from China and India will be hot spots in the Asia-Pacific region

Global tire Market: Trends

We look at future market insights and trends, as well as factors affecting the global automotive tire market. The main opportunities of the development route of automobile tire come from: the rapid development of new technology and compatible business model, and the merger and reorganization at the capital level become frequent and diverse, business model will be more diverse and efficiency savings. New materials, new technologies and new processes will leave a large number of tire enterprises unable to keep up on the beach, and the influence of the brand will shine again, but the category of the brand will increase. Tire new retail will be the most important development hotspot and will be discussed.

Global automotive tire development annual review growth rate will reach about 6.5%.

Global automotive tire market: Market segments

At present, the global automotive tire market will further expand meridian, and the new meridian tire will also cut a figure. From the perspective of channel circulation, the original market is still important, passenger cars will occupy 35% of the monthly market, and the replacement market is the main source of profits and brands, will occupy 65% of the market share, and more than 17 inch tires will continue to grow at a high speed of more than 13%. While the increase in trucks will occur in North America, China and India as well as South America, the new logistics will require more standard and accident-free tires, and the pace of development will vary greatly from region to region. Construction vehicles and agricultural tires have maintained average growth, and there may be a faster breakthrough in 2020. The two-wheel market will not change much if it continues at its current pace.

Global automotive tire market: Competitiveness assessment

In the next five to 10 years, the competition between tire companies is still the most important competition, the key is brand and capacity. Now it seems that German marche will enter the top three in five years, while Bridgestone will continue to develop steadily in accordance with its "Japanese" globalization, Michelin, Goodyear, Pirelli and Dunlop enterprises will attempt to merge and expand opportunities and new breakthroughs in technology. Other companies in America, Japan and South Korea are likely to follow suit. It is worth mentioning that Apollo, Magis, Sailong Jinyu from India, Shandong Linglong, Zhongze, Triangle, Pulin Chengshan, Sen Kirin, Wanli and other head-on updates have become fast growing enterprises.