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Tires & Rubber in China

  • May 2017
  • 31 pages
  • MarketLine
Report ID: 3519878

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Tires & Rubber in China

Summary
Tires & Rubber in China industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Synopsis
Essential resource for top-line data and analysis covering the China tires & rubber market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights
- The tires and rubber market consists of the manufacturers revenues generated through the sales of both aftermarket (replacement) and original equipment manufacturer (OEM) tires for passenger cars and commercial vehicles, earthmoving equipment, motorcycles, scooters, bicycles, and aircraft. The volume represents the number of tires produced for passenger cars and commercial vehicles only, including OEM and aftermarket tires. For the purpose of this report, pickups and SUVs are classified as commercial vehicles even when used primarily as private passenger cars. All currency conversions used in the creation of this report have been calculated using constant 2016 average exchange rates.
- The Chinese tires & rubber market had total revenues of $134,143m in 2016, representing a compound annual growth rate (CAGR) of 4.1% between 2012 and 2016.
- Strong growth in the Chinese automobile industry in 2016 has resulted in rubber prices multiplying over the course of the year. Rubber prices stood at around $60 per kg at the start of the year, but by December 2016 had risen to over $200 per kg. As a key supplier to tire manufacturers who in turn are suppliers to the automobile industry, rubber producers are an integral part of the Chinese automobile industry’s supply chain, but this also leaves them vulnerable to fluctuations within the Chinese automobile industry.
- Regulation in the Chinese market has been increasing in recent years as consumers both domestic and global are increasingly become aware of the bad side effects produce from this market can have on the environment. The Chinese authorities therefore are too planning to introduce “green tire” labels by the year 2019, along the lines of the EU’s tire labels. Players in this market should hence look towards this direction in order to capitalize on the eco-friendly market.

Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the tires & rubber market in China
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the tires & rubber market in China
- Leading company profiles reveal details of key tires & rubber market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the China tires & rubber market with five year forecasts by both value and volume

Reasons to buy
- What was the size of the China tires & rubber market by value in 2016?
- What will be the size of the China tires & rubber market in 2021?
- What factors are affecting the strength of competition in the China tires & rubber market?
- How has the market performed over the last five years?
- What are the main segments that make up China's tires & rubber market?

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