From the development history of China's tire industry in the past decade, it can be roughly divided into three stages. The first stage was from 1999 to 2000. Due to overcapacity, China's tire industry showed a loss in the whole industry; the second stage was 2001. By 2005, with the continuous improvement of the country's macro economy, especially the rapid growth of domestic auto industry output and the strong increase in tire exports, the Chinese tire industry has recovered rapidly, and its operating income and total profit have maintained a relatively fast growth rate; The third stage is from 2006 to the present, the scale of China's tire industry continues to grow.
After the 'blowout', the tire industry is unlikely to continue to grow substantially. On the one hand, the growth rate of domestic and international automobile production and sales is down, and the demand for tires is not growing. On the other hand, China's tire industry is becoming more mature, and the scale of enterprises is gradually increasing. Long, the production capacity has increased sharply. In recent years, due to the inflation of raw materials such as natural rubber and the fluctuation of production and sales in the automobile market, the export market has encountered resistance and environmental protection and other factors, China's tire industry has entered a rational callback in the process of lowering.
Statistics from the National Bureau of Statistics show that there were 564 tire companies in the country in 2016. Among them, private enterprises accounted for the vast majority. Most private enterprises are not large in scale, and the products they produce are mainly low-end products, and their competitiveness is not strong. , anti-risk ability is weak.
Under the influence of the rapid development of the automobile market in recent years, the Chinese tire industry has maintained a rapid development momentum. According to the “China Tire Industry Market Demand Forecast and Investment Strategy Planning Analysis Report” released by the Prospective Industry Research Institute, the 2008 China Tire The sales revenue of the industry was 186.476 billion yuan. By 2016, the sales revenue of China's tire industry was 597.169 billion yuan; and the growth rate has declined significantly in recent years. Overall, the sales scale of China's tire industry has grown rapidly.
2008-2016 China tire industry sales revenue growth (unit: 100 million yuan)
Source: National Institute of Statistics, Prospective Industry Research Institute
In recent years, with the rapid development of China's automobile industry, the tire industry has entered a period of rapid growth. China has become a world tire production and consumption country. In the mass production of tires, it also produces a large number of used tires. Currently, China About 260 million tires are scrapped, the tire retreading output is only about 13 million, the refurbishment rate is less than 5%, and the tire refurbishment ratio in developed countries is more than 45%. The retreaded tire industry has great room for development.
China tire market development prospects forecast
(1) International tire market growth
China has become a big country in tire production. Not only does the government support the development of enterprises, but the related companies in China are beginning to work harder for a fairer trading environment. A better industry environment is taking shape. The data shows that the export destination of China's tire industry is still in North America. Lord, but demand growth began to shift to Europe and Central and South America.
(2) Having a good market foundation
China now has the world's second largest auto market. According to the latest data released by the Traffic Management Bureau of the Ministry of Public Security, according to the statistics of the Traffic Management Bureau of the Ministry of Public Security, as of the end of 2016, the number of motor vehicles in the country reached 290 million, including 194 million vehicles; There are 360 million drivers, including more than 310 million motorists. There are so many motor vehicle possessions. There is no doubt that China has become the world's largest tire manufacturing country, with annual tire production accounting for 38% of global tire production. The global tire manufacturing industry has a clear trend of shifting to the Asia-Pacific region, which has long benefited China's high-quality tire enterprises.
(III) Forecast of market development scale
Overall, with the rapid development of China's highway transportation and automobile industry, the number of various vehicles is increasing at an alarming rate, and the demand for automobile tires is increasing geometrically. According to the National Bureau of Statistics, 2016 China's rubber tire tires The output reached 947 million, a cumulative increase of 8.6%.
From a macro perspective, although China's national economic growth rate will slow down, it will still maintain a growth rate of about 6.5%. Since tire exports may be suppressed, it is expected to be supplemented in other markets, plus China's auto market. The growth rate is still relatively fast. The growth rate of the tire market in the next few years should be around 7.5%, and will reach 1.265 billion by 2020.
