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China Tire Market, By Vehicle Type (Passenger Cars, Two-Wheeler, M&HCV, LCV, Three-Wheeler and OTR), By Demand Category (Replacement, OEM), By Tire Construction Type (Radial, Bias), By Region, Competition Forecast & Opportunities, 2017- 2027

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    Report

  • 76 Pages
  • May 2022
  • Region: China
  • TechSci Research
  • ID: 5232393
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The Chinese Tire Market is Anticipated to Project Robust Growth in the Forecast Period, 2023-2027, with a CAGR of 10.98% to Reach Usd82,463.17 Million by 2027.

FEATURED COMPANIES

  • Aelous Tyre Co. Ltd
  • Double Coin Holdings Ltd.
  • Kumho Tire Co. Ltd.
  • Triangle Tire Co. Ltd.
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10% Free customization

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The Chinese Tire Market is anticipated to project robust growth in the forecast period, 2023-2027, with a CAGR of 10.98% to reach USD82,463.17 million by 2027. Increasing sales of automobiles and surging demand for replacement tires are bolstering the production of tires in China. Also, the adoption of advanced technologies in the manufacturing process and the use of high-quality material for tire production are the driving factors behind the growth of the Chinese Tire Market through the forecast period.



The high demand for automobiles is fueling tire production in China. China is the leading exporter of automobiles all over the world and is home to major automotive manufacturers of the world. Chinese tires witness massive demand around the globe as they are affordable and are made up of high-quality material. With the massive vehicle and tire production and growing demand for quality products worldwide, the Chinese Tire Market is expected to grow at a significant rate in the next five years.

Electric and hybrid vehicle sales are accelerating rapidly due to the implementation of stringent emission norms and increased consumer awareness about the adverse effects of greenhouses emissions on the environment. The high demand for electric and hybrid vehicles is expected to create lucrative growth opportunities for the Chinese Tire Market in the forecast period.

The Chinese Tire Market is segmented into vehicle type, demand category, tire construction type, regional distribution, and competitive landscape. Based on vehicle type, the market is divided into passenger car, light commercial vehicles (LCV), M&HCV, OTR, two-wheeler, and three-wheeler. Passenger cars led the market in 2021 with a share of 46.36% and are projected to maintain their dominance throughout the forecast period. High sales and production of passenger cars in the country to meet domestic as well as overseas demand is driving the demand for passenger car tires in the forecast period.

Hangzhou Zhongce Rubber Co. Ltd., GITI Tire (China) Investment Company Ltd, Sailun Jinyu Group Co. Ltd., Kumho Tire Co. Ltd., Triangle Tire Co. Ltd., Hankook Tire China Co. Ltd., Double Coin Holdings Ltd., Cheng Shin Rubber (China) Co. Ltd, Aelous Tyre Co. Ltd, and Prinx Chengshan (Shandong) Tire Company are among the major market players in the Chinese Tire Market.

Years considered for this report:

  • Historical Years: 2017-2020
  • Base Year: 2021
  • Estimated Year: 2022E
  • Forecast Period: 2023F-2027F

Objective of the Study:

  • To analyze the historical growth in the market size of the Chinese Tire Market from 2017 to 2021.
  • To estimate and forecast the market size of the Chinese Tire Market from 2022E to 2027F and growth rate until 2027F.
  • To classify and forecast the Chinese Tire Market based on vehicle type, demand category, tire construction type, regional distribution, and competitive landscape.
  • To identify the dominant region or segment in the Chinese Tire Market.
  • To identify drivers and challenges for the Chinese Tire Market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Chinese Tire Market.
  • To identify and analyze the profiles of leading players operating in the Chinese Tire Market.
  • To identify key sustainable strategies adopted by the market players in the Chinese Tire Market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of manufacturers across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the manufacturers which could not be identified due to the limitations of secondary research. The publisher analyzed the manufacturers, distribution channels and presence of all major players across the country.

The publisher calculated the market size of the Chinese Tire Market by using a top-down approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

  • Tire manufacturers/ distributors
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums, and alliances related to China tire market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on the market opportunities.

Report Scope:


In this report, the Chinese Tire Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

China Tire Market, By Vehicle Type:

  • Passenger Car
  • Two-Wheeler
  • M&HCV
  • LCV
  • Three-Wheeler
  • OTR

China Tire Market, By Demand Category:

  • Replacement
  • OEM

China Tire Market, By Tire Construction Type:

  • Radial
  • Bias

China Tire Market, By Region:

  • East China
  • South-Central China
  • North China
  • South-West China
  • North-East China
  • North-West China

Competitive Landscape


Company Profiles: Detailed analysis of the major companies present in the Chinese Tire Market.

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With the given market data, the publisher offers customizations according to a company’s specific needs.
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Please note: With the Enterprise license, the PDF product is printable and editable and comes with a market data excel sheet.

Frequently Asked Questions about the Chinese Tire Market

What is the estimated value of the Chinese Tire Market?

The Chinese Tire Market was estimated to be valued at $37411.5 Million in 2017.

What is the growth rate of the Chinese Tire Market?

The growth rate of the Chinese Tire Market is 8.2%, with an estimated value of $82463.2 Million by 2027.

What is the forecasted size of the Chinese Tire Market?

The Chinese Tire Market is estimated to be worth $82463.2 Million by 2027.

Who are the key companies in the Chinese Tire Market?

Key companies in the Chinese Tire Market include Hangzhou Zhongce Rubber Co. Ltd., GITI Tire (China) Investment Company Ltd., Sailun Jinyu Group Co. Ltd., Kumho Tire Co. Ltd., Triangle Tire Co. Ltd., Hankook Tire China Co. Ltd., Double Coin Holdings Ltd., Cheng Shin Rubber (China) Co. Ltd. and Prinx Chengshan (Shandong) Tire Company.

FEATURED COMPANIES

  • Aelous Tyre Co. Ltd
  • Double Coin Holdings Ltd.
  • Kumho Tire Co. Ltd.
  • Triangle Tire Co. Ltd.

1. Product Overview2. Research Methodology3. Executive Summary4. Impact of COVID-19 on China Tire Market
5. Voice of Customer
5.1. Factors Influencing Purchase Decision
5.2. Aided and Unaided Brand Recall
5.3. Brand Satisfaction
6. China Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Volume and Value
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (Passenger Car, Two-wheeler, M&HCV, LCV, Three-Wheeler and OTR)
6.2.2. By Demand Category (OEM, Replacement)
6.2.3. By Tire Construction Type (Radial, Bias)
6.2.4. By Region (East China, South-Central China, North China, South-West China, North-East China, North-West China)
6.2.5. By Company (2021)
6.3. Market Map (By Vehicle Type, By Region)
7. China Passenger Car Tire Market Outlook
7.1. Market Size & Forecast
7.1.1. By Volume and Value
7.2. Market Share & Forecast
7.2.1. By Vehicle Type (Sedan, SUV/MPV & Hatchback)
7.2.2. By Demand Category
7.2.3. By Tire Construction Type
8. China Two-Wheeler Tire Market Outlook
8.1. Market Size & Forecast
8.1.1. By Volume and Value
8.2. Market Share & Forecast
8.2.1. By Vehicle Type (Scooter/Moped & Motorcycle)
8.2.2. By Demand Category
8.2.3. By Tire Construction Type
9. China M&HCV Tire Market Outlook
9.1. Market Share & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type (Truck & Bus)
9.2.2. By Demand Category
9.2.3. By Tire Construction Type
10. China LCV Tire Market Outlook
10.1. Market Size & Forecast
10.1.1. By Volume and Value
10.2. Market Share & Forecast
10.2.1. By Vehicle Type (Pickup Truck, Van)
10.2.2. By Demand Category
10.2.3. By Tire Construction Type
11. China Three-Wheeler Tire Market Outlook
11.1. Market Size & Forecast
11.1.1. By Volume and Value
11.2. Market Share & Forecast
11.2.1. By Vehicle Type (Load Carrier & Passenger Carrier)
11.2.2. By Demand Category
11.2.3. By Tire Construction Type
12. China OTR Tire Market Outlook
12.1. Market Size & Forecast
12.1.1. By Volume and Value
12.2. Market Share & Forecast
12.2.1. By Vehicle Type (Mining Vehicle & Construction & Industrial Vehicle, Agriculture Vehicles, & Others include All Terrain Vehicles, Sports Vehicles, etc.)
12.2.2. By Demand Category
12.2.3. By Tire Construction Type
13. Import-Export Analysis
14. Market Dynamics
14.1. Drivers
14.2. Challenges
15. Market Trends and Developments16. Policy Regulatory and Landscape17. China Economic Profile
18. Competitive Landscape
18.1. Hangzhou Zhongce Rubber Co. Ltd.
18.2. GITI Tire (China) Investment Company Ltd.
18.3. Sailun Jinyu Group Co. Ltd.
18.4. Kumho Tire Co. Ltd.
18.5. Triangle Tire Co. Ltd.
18.6. Hankook Tire China Co. Ltd.
18.7. Double Coin Holdings Ltd.
18.8. Cheng Shin Rubber (China) Co. Ltd.
18.9. Aelous Tyre Co. Ltd
18.10. Prinx Chengshan (Shandong) Tire Company
19. Strategic Recommendations

List of Figures

Figure 1: China Tire Market Size, By Volume (Thousand Units) and Value (USD Million), 2017-2027F
Figure 2: China Tire Market By Share, By Vehicle Type, By Volume, 2017-2027F
Figure 3: China Tire Market By Share, By Demand Category, By Volume, 2017-2027F
Figure 4: China Tire Market By Share, By Tire Construction Type, By Volume, 2017-2027F
Figure 5: China Tire Market By Share, By Region, By Volume, 2017-2027F
Figure 6: China Tire Market Share, By Company, By Value, 2021
Figure 7: China Tire Market Map, By Vehicle Type, Market Size (Thousand Units) & Growth Rate (%)
Figure 8: China Tire Market Map, By Region, Market Size (Thousand Units) & Growth Rate (%)
Figure 9: China Passenger Car Tire Market Size, By Volume (Thousand Units) and Value (USD Million), 2017-2027F
Figure 10: China Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2017-2027F
Figure 11: China Passenger Car Tire Market Share, By Demand Category, By Volume, 2017-2027F
Figure 12: China Passenger Car Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F
Figure 13: China Two-Wheeler Tire Market Size Volume (Thousand Units) and Value (USD Million), 2017-2027F
Figure 14: China Two-Wheeler Tire Market Share Vehicle Type, By Volume, 2017-2027F
Figure 15: China Two-Wheeler Tire Market Share, By Demand Category, By Volume, 2017-2027F
Figure 16: China Two-Wheeler Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F
Figure 17: China M&HCV Tire Market Size, By Volume (Thousand Units) and Value (USD Million), 2017-2027F
Figure 18: China M&HCV Tire Market Share, By Vehicle Type, By Volume, 2017-2027F
Figure 19: China M&HCV Tire Market Share, By Demand Category, By Volume, 2017-2027F
Figure 20: China M&HCV Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F
Figure 21: China LCV Tire Market Size, By Volume (Thousand Units) and Value (USD Million), 2017-2027F
Figure 22: China LCV Tire Market Share, By Vehicle Type, By Volume, 2017-2027F
Figure 23: China LCV Tire Market Share, By Demand Category, By Volume, 2017-2027F
Figure 24: China LCV Tire Market Share, By Tire Construction Type, By Volume, 2017-2027
Figure 25: China Three-Wheeler Tire Market Size, By Volume (Thousand Units) and Value (USD Million), 2017-2027F
Figure 26: China Three-Wheeler Tire Market By Share, By Vehicle Type, By Volume, 2017-2027F
Figure 27: China Three-Wheeler Tire Market By Share, By Demand Category, By Volume, 2017-2027F
Figure 28: China Three-Wheeler Tire Market By Share, By Tire Construction Type, By Volume, 2017-2027F
Figure 29: China OTR Tire Market Size, By Volume (Thousand Units) and Value (USD Million), 2017-2027F
Figure 30: China OTR Tire Market Share, By Vehicle Type, By Volume, 2017-2027F
Figure 31: China OTR Tire Market Share, By Demand Category, By Volume, 2017-2027F
Figure 32: China OTR Tire Market Share, By Tire Construction Type, By Volume, 2017-2027F

A selection of companies mentioned in this report includes:

  • Hangzhou Zhongce Rubber Co. Ltd.
  • GITI Tire (China) Investment Company Ltd.
  • Sailun Jinyu Group Co. Ltd.
  • Kumho Tire Co. Ltd.
  • Triangle Tire Co. Ltd.
  • Hankook Tire China Co. Ltd.
  • Double Coin Holdings Ltd.
  • Cheng Shin Rubber (China) Co. Ltd.
  • Aelous Tyre Co. Ltd
  • Prinx Chengshan (Shandong) Tire Company