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Tires are ground rolling, toroidal elastic rubber products that are assembled on various vehicles or machinery. It is usually mounted on a metal rim to support the body, cushioning external impact, achieving contact with the road surface and ensuring the driving performance of the vehicle. Tires are often used under complex and demanding conditions. They are subjected to various deformations, loads, forces, and high and low temperatures when traveling. Therefore, they must have high load-bearing performance, traction performance, and cushioning performance. At the same time, it is also required to have high wear resistance and flex resistance, as well as low rolling resistance and heat generation.
Since the founding of New China 64 years ago, China has gradually developed into the world’s largest producer of tires. It has completed a complete tire production system with various specifications and series of products, and has obtained a series of innovative international cutting-edge technologies. China's heavy-duty radial tire has passed the test of high speed and high load and has reached the world's advanced level; the radial passenger car tire has achieved no tube, wide section, flattening, and high speed; the tires of safety, energy saving and environmental protection following the international trend have also been steadily Push to the international market and gain recognition.
According to the “2013-2017 China Automotive Tire Remanufacturing Industry In-Depth Survey and Investment Strategic Planning Analysis Reportâ€, in 2011, China's tire industry was affected by the global economic slowdown, tire exports faced with a more complex situation, coupled with rubber and other raw material prices Instability, cost is difficult to control and other factors, production and economic operation is very difficult. However, in 2011, the tire industry still maintained steady growth. By the end of 2011, China's tire manufacturing industry had total assets of 293.3 billion yuan, an increase of 17.99% year-on-year; annual-scale tire manufacturing companies realized main business income of 404 billion yuan, an increase of 30.40%; and total profit of 19.08 billion yuan, a year-on-year increase. 19.57%. In 2011, China's tire production (including various tires) reached 832.1 million, an increase of 8.5% over the same period last year.
According to data from the Industry Research Group of the Tire Industry Research Institute of Foresighted Industry Research Institute, from January to June 2012, the total sales revenue of China's tire manufacturing industry reached RMB 228,891 million, an increase of 17.32% year-on-year; the total profit reached RMB13,363.7 billion, a year-on-year increase of 59.81%.
Since 2009, China’s automobile production and sales have surpassed the United States in one fell swoop, becoming the world’s largest automobile production and sales country. By 2012, China’s auto production and sales reached 19,127,800 units and 19,306,400 units respectively, which has been ranked first in the world for four consecutive years. However, from the perspective of consumption, China’s per capita car ownership is less than half of the world’s average, and there is still much room for growth in car consumption. On the other hand, the investment in infrastructure construction in China and other emerging markets still maintains a rapid growth trend, and construction machinery consumption also has a large room for growth. The growth of automobile consumption and construction machinery consumption will promote the tire industry to maintain a steady growth trend. Forwardnet believes that during the “12th Five-Year Plan†period, demand for tires will continue to grow rapidly, and the development prospects of the Chinese tire industry are optimistic.
Automobile consumption demand optimistic outlook for China's tire industry