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Research Report of China's Tire Industry, 2010-2011
The Asian market represented by China has gradually become the center of the Global manufacture of tires. Since 2004, both Chinese tire production and export volume of world number one higher. China has become the world leader in tire production country. Due to the financial crisis, the global tire industry suffered heavy losses. Above all, car markets in Europe and the U.S. have diminished considerably. This drastically cuts down the volume of Chinese exports of tires and thus impacted Chinese tire industry. In 2009, USA said three years conducting punitive tariffs exported Chinese tires (special safeguard measures in the tires), forcing Chinese companies to expand tire emerging domestic markets and others. According to research on Chinese tires enterprises by China Research and Intelligence, the Chinese tire industry were not too unfavorable impact of special safeguard tire case. Many domestic tire companies began to focus on the domestic market and export to third countries to partially counteract the adverse effects of the rim special safeguard case. Moreover, in 2009, encouraged by the internal policies of stimulating demand (purchase tax on passenger cars with the issuance of not more than 1.60 liters is halved by the Chinese government on 20 January to 31 December 2009), the Chinese auto market has experienced considerable growth. In 2009, both in China's auto output and sales volume exceeded 13 million, making it the largest country in the world car production and the market for new vehicles for the first time. tire Chinese domestic market are under rapid recovery, strong demand out.
Although China has become the largest global market for new vehicles in 2009, keeping the volume per capita is still very low. In 2009, the volume of vehicles kept for every thousand people in China was less than 50 years, much less than the 600-800 in developed countries and less than half the average volume preserved in the world. It is expected that Chinese auto market will maintain the annual growth rate of over 20% in the coming years. With increasing volume China maintains vehicles, the rate annual growth of Chinese tire market well over 20%. In the Chinese tire market cars, the demand for replacement tires is approximately twice that of OEM tires, which represent more than 2 / 3 shares in the Chinese tire market. China is expected to develop in the world tire largest market in the near future.
Since the 1990s, attracted by the low cost of production, TNCs tire begin to enter the Chinese tire market. China has become the production base for many transnational corporations pneumatic tires. Large numbers advances global tire investment in China given the huge demand and low cost. Rather than risk groups, tire owner prefer foreign funds unique and new projects in China today. the foreign-funded enterprises have occupied more than 50% market share of Chinese tires. In particular, dominate the domestic market for high-end tires, so the rate of profit is usually folded (even more) of the domestic tire companies.
In China, transnational companies have great advantages tires, while most local tire companies are small scale and the weak force. According to incomplete statistics of China Research and Intelligence, in late 2009, more than 400 tire manufacturers in China. Mergers and acquisitions in the Chinese tire industry is expected to accelerate in the next 3-5 years, phasing out many small and medium enterprises. These eliminated companies will be acquired by competitive companies or go bankrupt. There are many misunderstandings as well as development opportunities in the Chinese tire industry, which require tire companies distinguish between them.
This report is carried out by China Research and Intelligence in about four months. During the composition the "Research Report on Chinese Tire Industry, 2008-2009", the global financial crisis had too much influence in the tire industry Chinese. However, during the composition of "Research Report on Chinese Tire Industry, 2009-2010", Chinese tire industry fell recession. Fortunately, in 2010, promoted by domestic demand, the Chinese tire industry begins to restore. In 2009, the value of Chinese exports of tires decreased by 4.7% Ia, in 2010Q1, exports of Chinese tires showed some growth. However, on the other hand, trade barriers to tire companies Chinese also have been raised. Some countries raise rates, while some others raise the level of environmental protection. With the above complete pneumatic and downstream industry chain and cheap energy and labor costs, the Chinese tire industry has outstanding advantages in comparison with other countries developing in recent years. It is anticipated that exports of Chinese tires will also enjoy a growth in the coming years.
Through this report, readers can get more information:
– Course of Development of Chinese tire industry
– Development Environment Chinese tire industry
– The supply and demand in the Chinese tire industry
– Demand in the Chinese tire market by segment
– Competition in the Chinese tire industry
– Status quo of China-related industries tires
– Large corporations in Chinese tires market
– Major local companies in the Chinese tire industry
– Influence of the global financial crisis in the Chinese tire industry
– Influence Special tire tire safety action in Chinese industry
– M & A in the Chinese tire industry
– Investment Opportunities in the Chinese tire industry
The following persons are recommended to buy this report:
– Tire manufacturers
– Manufacturers Car
– Upstream rubber, carbon black and steel cord manufacturers, etc.
– Pull the importers and exporters
– Investors wheel companies
– Research institutes relating to the tire companies
– Other related to tire companies
About the Author
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