China tire market was valued USD 28.19 Billion in 2019 and is projected to grow at CAGR of over 6% during the forecast period to reach USD 36.82 Billion by 2025 owing to increasing sales of automobile and growing replacement tire demand in the country.  Rising demand for automobiles in most of the countries is leading to higher production in China. China is a leading exporter of automobiles to most of the regions across the globe, with the  country being the largest exporter of automobiles to Middle East. High and rising vehicle production in China is expected to continue boosting demand for tires in the OEM tire segment.

China tire market is segmented based on vehicle type, demand category, radial vs bias, rim size and region. Based on vehicle type, the market can be categorized into passenger car, LCV (Light Commercial Vehicle), M&HCV (Medium & Heavy Commercial Vehicle), OTR (Off-The-Road Vehicles), two-wheeler and three-wheeler. Among these, passenger car dominated the market with share of 53.45% in 2019. The growth of the segment can be attributed to surge in demand for personal transportation for daily commuting amid COVID-19, rise in sales of used and new passenger car, thereby, driving the demand for passenger car tire through 2025.

Major companies operating in China tire market are Hangzhou Zhongce Rubber Co. Ltd.,

GITI Tire (China) Investment Company Ltd., Sailun Jinyu Group Co. Ltd., Kumho Tire Co. Ltd., Triangle Tire Co. Ltd., Hankook Tire China Co. Ltd., Double Coin Holdings Ltd., Cheng Shin Rubber (China) Co. Ltd., Aelous Tyre Co. Ltd, and Prinx Chengshan (Shandong) Tire Company. Due to increasing market competition, tire manufacturers are trying to offer the best that they can. Tire manufacturers are engaging in developing and integrating new technological advancements in their high-tech tire offerings. Tire manufacturers in China are increasingly focusing on providing such advanced product offerings to meet the evolving consumer requirement with respect to better ride quality, better traction, safety, better fuel efficiency and durability.

Years considered for this report:

Historical Years: 2015-2020

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyze and forecast market size of China tire market.
  • To classify and forecast China tire market based on vehicle type, demand category, radial vs bias, rim size, company and region.
  • To identify drivers and challenges in China tire market.
  • To identify market trends and developments in China tire market.
  • To identify and analyze the profile of leading players involved in the manufacturing of tires in China.

 

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In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of China tire manufacturers and suppliers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research was able to include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all major tire suppliers across the country.

TechSci Research calculated the market size for China tire market using a bottom-up technique, wherein manufacturers’ volume sales data for different applications were recorded as well as forecast for the future years. TechSci Research sourced these Value & Volumes from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Databases and multiple secondary sources such as China Association of Automobile Manufacturers (CAAM), company websites, company annual reports and financial reports were also analyzed by TechSci Research.

 


Key Target Audience:

  • Tire manufacturers, suppliers, distributors and other stakeholders
  • Tire raw material suppliers
  • Major end-users
  • Associations, organizations, forums and alliances related to tire industry
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as tire manufacturers, distributors and dealers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, China tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • China Tire Market, By Vehicle Type:

o    Passenger Car

o    Two-Wheeler

o    Medium & Heavy Commercial Vehicle

o    Light Commercial Vehicle

o    Off-The-Road Vehicle (OTR)

o    Three-Wheeler

  • China Tire Market, By Demand Category:

o    OEM

o    Replacement

  • China Tire Market, By Radial Vs. Bias
  • China Tire Market, By Rim Size:
  • China Tire Market, By Region:

o    East China

o    South-Central China

o    North China

o    North-East China

o    South-West China

o    North-West China

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in China tire market.

Available Customizations:

With the given market data, TechSci Research offers customizations according a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on China Tire Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Brand Awareness & Recall

5.2.  Brand Satisfaction

5.3.  Challenges & Unmet Needs

6.    China Tire Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-wheeler and Three -wheeler)

6.2.2.     By Demand Category (OEM Vs. Replacement)

6.2.3.     By Radial Vs Bias

6.2.4.     By Company (2019)

6.2.5.     By Region

6.3.  Market Attractiveness Index

6.3.1.     By Vehicle Type

6.3.2.     By Region

7.    China Passenger Car Tire Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type

7.2.2.     By Demand Category

7.2.3.     By Radial Vs Bias

7.2.4.     By Rim Size

7.2.5.     By Tire Size

7.3.  Market Attractiveness Index

7.3.1.     By Vehicle Type

8.    China Two-Wheeler Tire Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type

8.2.2.     By Demand Category

8.2.3.     By Radial Vs Bias

8.2.4.     By Rim Size

8.2.5.     By Tire Size

8.3.  Market Attractiveness Index

8.3.1.     By Vehicle Type

9.    China Medium & Heavy Commercial Vehicle Tire Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type

9.2.2.     By Demand Category

9.2.3.     By Radial Vs Bias

9.2.4.     By Rim Size

9.2.5.     By Tire Size

9.3.  Market Attractiveness Index

9.3.1.     By Vehicle Type

10.  China Light Commercial Vehicle Tire Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type

10.2.2.  By Demand Category

10.2.3.  By Radial Vs Bias

10.2.4.  By Rim Size

10.2.5.  By Tire Size

10.3.              Market Attractiveness Index

10.3.1.  By Vehicle Type

11.  China OTR Tire Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type

11.2.2.  By Demand Category

11.2.3.  By Radial Vs Bias

11.2.4.  By Rim Size

11.2.5.  By Tire Size

11.3.              Market Attractiveness Index

11.3.1.  By Vehicle Type

12.  China Three-Wheeler Tire Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Value & Volume

12.2.              Market Share & Forecast

12.2.1.  By Vehicle Type

12.2.2.  By Demand Category

12.2.3.  By Radial Vs Bias

12.2.4.  By Rim Size

12.2.5.  By Tire Size

12.3.              Market Attractiveness Index

12.3.1.  By Vehicle Type

13.  Market Dynamics

13.1.              Drivers

13.2.              Challenges

14.  Import Export Analysis

15.  Market Trends & Developments

16.  Policy and Regulatory & Landscape

17.  Pricing Analysis

18.  China Economic Profile

19.  Competitive Landscape

19.1.1.  Company Profile

19.1.1.1.      Company Overview

19.1.1.2.      Products & Services

19.1.1.3.      Financials (If available)

19.1.1.4.      Current & Future Strategy

19.1.1.5.      Key Management

19.1.1.6.      Contact Details

19.1.2.  Hangzhou Zhongce Rubber Co. Ltd.

19.1.3.  GITI Tire (China) Investment Company Ltd.

19.1.4.  Sailun Jinyu Group Co. Ltd.

19.1.5.  Kumho Tire Co. Ltd.

19.1.6.  Triangle Tire Co. Ltd.

19.1.7.  Hankook Tire China Co. Ltd.

19.1.8.  Double Coin Holdings Ltd.

19.1.9.  Cheng Shin Rubber (China) Co. Ltd.

19.1.10.                Aelous Tyre Co. Ltd

19.1.11.                Prinx Chengshan (Shandong) Tire Company

20.  Strategic Recommendations

21.  About Us & Disclaimer

  • Figure 1:               China Tire Market - Aided Brand Recall (N=100)

    Figure 2:               China Tire Market - Unaided Brand Recall (N=100)

    Figure 3:               China Tire Market - Brand Satisfaction Level, By Lifetime (N=100)

    Figure 4:               China Tire Market - Brand Satisfaction Level, By Traction (N=100)

    Figure 5:               China Tire Market - Brand Satisfaction Level, By Vehicle Compatibility (N=100)

    Figure 6:               China Tire Market - Brand Satisfaction Level, By Performance (N=100)

    Figure 7:               China Tire Market - Factors Influencing Purchase Decision (N=100)

    Figure 8:               China Tire Market - Influencer of Purchase (N=100)

    Figure 9:               China Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 10:            China GDP (In USD Billion), 2015-2019

    Figure 11:            China GNI Per Capita (PPP) (In USD), 2015-2019

    Figure 12:            China Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 13:            China Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

    Figure 14:            China Tire Market Share, By Radial vs Bias, By Volume, 2015-2025F

    Figure 15:            China Tire Market Share, By Company, By Volume, 2015-2025F

    Figure 16:            China Tire Market Share, By Region, By Volume, 2015-2025F

    Figure 17:            China Tire Market Map, By Vehicle Type - Market Size (USD Billion) & Growth Rate (%)

    Figure 18:            China Tire Market Map, By Region, Market Size (USD Billion) & Growth Rate (%)

    Figure 19:            China Passenger Car Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 20:            China Passenger Car Production, (Million Units), 2015-2019

    Figure 21:            China Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 22:            China Passenger Car Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

    Figure 23:            China Passenger Car Tire Market Share, By Radial vs Bias, By Volume, 2015-2025F

    Figure 24:            China Passenger Car Tire Market Share, By Rim Size (In Inches), By Volume, 2015-2025F

    Figure 25:            China Passenger Car Tire Market Share, By Tire Size, By Volume, 2019, 2020E & 2021F

    Figure 26:            China Passenger Car Tire Market Map, By Vehicle Type- Market Size (USD Billion) & Growth Rate (%)

    Figure 27:            China LCV Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 28:            China LCV Production, (Million Units), 2015-2019

    Figure 29:            China LCV Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 30:            China LCV Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

    Figure 31:            China LCV Tire Market Share, By Radial vs Bias, By Volume, 2015-2025F

    Figure 32:            China LCV Tire Market Share, By Rim Size (In Inches), By Volume, 2015-2025F

    Figure 33:            China LCV Tire Market Share, By Tire Size, By Volume, 2019, 2020E & 2021F

    Figure 34:            China LCV Tire Market Map, By Vehicle Type - Market Size (USD Billion) & Growth Rate (%)

    Figure 35:            China M&HCV Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 36:            China M&HCV Production, (Million Units), 2015-2019

    Figure 37:            China M&HCV Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 38:            China M&HCV Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

    Figure 39:            China M&HCV Tire Market Share, By Radial vs Bias, By Volume, 2015-2025F

    Figure 40:            China M&HCV Tire Market Share, By Rim Size (In Inches), By Volume, 2015-2025F

    Figure 41:            China M&HCV Tire Market Share, By Tire Size, By Volume, 2019, 2020E & 2021F

    Figure 42:            China M&HCV Tire Market Map, By Vehicle Type – Market Size (USD Billion) & Growth Rate (%)

    Figure 43:            China Two-Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 44:            China Two-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 45:            China Two-Wheeler Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

    Figure 46:            China Two-Wheeler Tire Market Share, By Radial vs Bias, By Volume, 2015-2025F

    Figure 47:            China Two-Wheeler Tire Market Share, By Rim Size (In Inches), By Volume, 2015-2025F

    Figure 48:            China Two-Wheeler Tire Market Share, By Tire Size, By Volume, 2019, 2020E & 2021F

    Figure 49:            China Two-Wheeler Tire Market Map, By Vehicle Type – Market Size (USD Billion) & Growth Rate (%)

    Figure 50:            China Three-Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 51:            China Three-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 52:            China Three-Wheeler Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume,

                    2015-2025F

    Figure 53:            China Three-Wheeler Tire Market Share, By Radial vs Bias, By Volume, 2015-2025F

    Figure 54:            China Three-Wheeler Tire Market Share, By Rim Size (In Inches), By Volume, 2015-2025F

    Figure 55:            China Three-Wheeler Tire Market Share, By Tire Size, By Volume, 2019, 2020E & 2021F

    Figure 56:            China Three-Wheeler Tire Market Map, By Vehicle Type – Market Size (USD Billion) & Growth Rate (%)

    Figure 57:            China OTR Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 58:            China OTR Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 59:            China OTR Tire Market Share, By Demand Category (OEM Vs. Replacement), By Volume, 2015-2025F

    Figure 60:            China OTR Tire Market Share, By Radial vs Bias, By Volume, 2015-2025F

    Figure 61:            China OTR Tire Market Share, By Rim Size (In Inches), By Volume, 2015-2025F

    Figure 62:            China OTR Tire Market Share, By Tire Size, By Volume, 2019, 2020E & 2021F

    Figure 63:            China OTR Tire Market Map, By Vehicle Type – Market Size (USD Billion) & Growth Rate (%)

     

    List of Tables

     

    Table 1: China Tire Exports, By Value, 2015-2019 (USD Million)

    Table 2: China Tire Imports, By Value, 2015-2019 (USD Million)

    Table 3: China Tire Pricing Analysis