Tire industry knowledge

At present, radial tires are the main products of the global tire industry. The radialization rate of global tires has reached 90%, and developed countries have even reached or approached 100%. After entering the 21st century, the tire industry has gradually developed into a period of "new concept technology". The 21st century will usher in a century with high-tech automobiles as the core. Many large tire companies aRound the world have invested in continuous research and development of new technologies and new products, such as green tires, energy-saving tires, smart tire rings, shape-keeping tires, waterproof and lubricating safety tires, etc. In particular, various intelligent automobile tires have appeared one after another, and new tires that are safe, green, environmentally friendly and intelligent have become a new trend in the development of the tire industry.

From the current global overall pattern, the research and development and manufacturing of radial tires are slowly shifting from developed countries to developing countries. Large commercial tire manufacturers in some developed countries have invested their industrial funds and tire product research and development in developing countries, especially some developing countries in Asia. The rapid development of Asian countries has led to a steady increase in the number of cars, creating more opportunities for tire companies. In addition, Asia has a unique innate advantage in Natural Rubber. As one of the important raw materials for tire manufacturers, the world's three major rubber producing countries are all located in Asia. It is expected that from 2020 to 2025, the market demand for branded tire products in Asia will continue to grow rapidly at an average annual growth rate of 3.8%. By 2025, the global overall market sales of Asian branded tires are expected to double rapidly to US$117.6 billion, of which China, located in the core of Asia, will continue to grow to half of the share.

Huajing Industry Research Institute has conducted a detailed analysis of the development status of China's tire industry, market supply and demand, and has conducted an in-depth analysis of the upstream and downstream industrial chains and corporate competition patterns in the industry to minimize corporate investment risks and operating costs and improve corporate competitiveness; and uses a variety of data analysis techniques to predict industry development trends so that companies can seize market opportunities in a timely manner; for more details, please pay attention to the "2021-2026 China Tire Market Competition Strategy and Industry Investment Potential Forecast Report" published by Huajing Industry Research Institute.