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The Chinese Commercial Vehicle Tire Market stood around USD25.59 billion in terms of value in 2020 and is expected to grow with a CAGR of around 13.21% during the forecast period. The rise in the number of market players, technological innovations, and the high demand from the public transportation sector are the primary factors that are expected to drive the demand for the Chinese Commercial Vehicle Tire Market in the forecast period. Speak directly to the analyst to clarify any post sales queries you may have.
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The Chinese Commercial Vehicle Tire Market is segmented by vehicle type, demand category, tire construction type, price segment, regional distribution, and company. Based on the vehicle type, the market is divided into truck and bus/van. The truck segment is expected to hold the largest market share in the forecast period, 2022-2026. Growing vehicle fleet size, high demand for trucks from the construction industry, and introduction of advanced models drive the demand for trucks in China.
The top market players operating in the Chinese Commercial Vehicle Tire Market are Hangzhou Zhongce Rubber Co. Ltd., Giti Tire (China) Investment Company Ltd., Sailun Group Co., Ltd., Kumho Tire China Co., Inc., Triangle Tire Co. Ltd., Hankook Tire China Co. Ltd., Double Coin Holdings Ltd, Aelous Tyre Co. Ltd., Cheng Shin Rubber Ind. Co. Ltd., and Prinx Chengshan (Shandong) Tire Company Ltd.
Years considered for this report:
- Historical Years: 2016-2019
- Base Year: 2020
- Estimated Year: 2021
- Forecast Period: 2022-2026
Objective of the Study:
- To analyze the historical growth in the market size of the Chinese Commercial Vehicle Tire Market from 2016 to 2020.
- To estimate and forecast the market size of the Chinese Commercial Vehicle Tire Market from 2021 to 2026 and growth rate until 2026.
- To classify and forecast the Chinese Commercial Vehicle Tire Market based on vehicle type, demand category, tire construction type, price segment, regional distribution, and company.
- To identify the dominant region or segment in the Chinese Commercial Vehicle Tire Market.
- To identify drivers and challenges for the Chinese Commercial Vehicle Tire Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Chinese Commercial Vehicle Tire Market.
- To identify and analyze the profiles of leading players operating in the Chinese Commercial Vehicle Tire Market.
- To identify key sustainable strategies adopted by the market players in the Chinese Commercial Vehicle 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 Commercial Vehicle 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:
- Commercial vehicle tire manufacturers/distributors
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to commercial vehicle tire
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 Commercial Vehicle Tire Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
China commercial vehicle tire, By Vehicle Type:
- Truck
- Bus/Van
China commercial vehicle tire, By Demand:
- Replacement
- OEM
China commercial vehicle tire, By Tire Construction:
- Radial
- Bias
China commercial vehicle tire, By Price Segment:
- Budget
- Ultra Budget
- Premium
China commercial vehicle tire, 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 Commercial Vehicle Tire Market
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.
Table of Contents
1. Product Overview2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Aided and Unaided Brand Recall
4.2. Factors Influencing Purchase Decision
4.3. Brand Satisfaction Level
4.4. Brand Switching Willingness
5. China Commercial Vehicle Tire Market Outlook
5.1. Market Size & Forecast
5.1.1. By Volume & Value
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (Truck, Bus/Van)
5.2.2. By Demand Category (OEM, Replacement)
5.2.3. By Tire Construction Type (Radial, Bias)
5.2.4. By Price Segment (Budget, Ultra Budget, Premium)
5.2.5. By Region (East China, South-Central China, North China, South-West China, North-East China, North-West China)
5.2.6. By Company (2020)
5.3. Market Map (By Vehicle Type, By Demand Category, By Tire Construction Type, By Price Segment, By Region)
6. China Truck Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.1.2. By Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (Light Duty Truck, Medium Duty Truck and Heavy-Duty Truck)
6.2.2. By Demand Category
6.2.3. By Tire Construction Type
6.2.4. By Price Segment
6.2.5. By Rim Size (Up to 16'', 17"- 20'', Above 20'')
6.3. Prominent Tire Sizes (2020)
6.4. Pricing Analysis
7. China Bus/Van Tire Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.1.2. By Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type (Light Duty Truck, Medium Duty Truck and Heavy-Duty Truck)
7.2.2. By Demand Category
7.2.3. By Tire Construction Type
7.2.4. By Price Segment
7.2.5. By Rim Size (Up to 16'', 17"- 20'', Above 20'')
7.3. Prominent Tire Sizes (2020)
7.4. Pricing Analysis
8. Export and Import Analysis
9. Market Dynamics
9.1. Drivers
9.2. Challenges
10. Market Trends and Developments
11. Impact of COVID-19 on China Commercial Vehicle Tire Market
12. Supply Chain Analysis
13. Policy & Regulatory Landscape
14. List of Prominent Dealers & Distributors
15. China Economic Profile
16. Competitive Landscape
16.1. Hangzhou Zhongce Rubber Co. Ltd.
16.2. Giti Tire (China) Investment Company Ltd.
16.3. Sailun Group Co., Ltd.
16.4. Kumho Tire China Co., Inc.
16.5. Triangle Tire Co. Ltd.
16.6. Hankook Tire China Co. Ltd.
16.7. Double Coin Holdings Ltd.
16.8. Aelous Tyre Co. Ltd.
16.9. Prinx Chengshan (Shandong) Tire Company Ltd.
17. Strategic Recommendations
18. About the Publisher & DisclaimerList of FiguresFigure 1: China Commercial Vehicle Tire Market Size, By Volume (Million Units), By Value (USD Billion), 2016-2026F
Figure 2: China Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2016-2026F
Figure 3: China Commercial Vehicle Tire Market Share, By Demand Category, By Volume, 2016-2026F
Figure 4: China Commercial Vehicle Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F
Figure 5: China Commercial Vehicle Tire Market Share, By Price Segment, By Volume, 2016-2026F
Figure 6: China Commercial Vehicle Tire Market Share, By Region, By Volume, 2016-2026F
Figure 7: China Commercial Vehicle Tire Market Share, By Company, By Volume, 2020
Figure 8: China Commercial Vehicle Tire Market Map, By Vehicle Type, Market Size (Million Units) & Growth Rate (%)
Figure 9: China Commercial Vehicle Tire Market Map, By Demand Category, Market Size (Million Units) & Growth Rate (%)
Figure 10: China Commercial Vehicle Tire Market Map, By Tire Construction Type, Market Size (Million Units) & Growth Rate (%)
Figure 11: China Commercial Vehicle Tire Market Map, By Price Segment, Market Size (Million Units) & Growth Rate (%)
Figure 12: China Commercial Vehicle Tire Market Map, By Region, Market Size (Million Units) & Growth Rate (%)
Figure 13: China Truck Tire Market Size, By Value (USD Billion), 2016-2026F
Figure 14: China Truck Tire Market Size, By Volume (Million Units), 2016-2026F
Figure 15: China Truck Tire Market Share, By Vehicle Type, By Volume, 2016-2026F
Figure 16: China Truck Tire Market Share, By Demand Category, By Volume, 2016-2026F
Figure 17: China Truck Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F
Figure 18: China Truck Tire Market Share, By Price Segment, By Volume, 2016-2026F
, 2016-2026F
Figure 19: China Truck Tire Market Share, By Rim Size, By Volume, 2016-2026F
Figure 20: China Truck Tire Pricing Analysis, 2016-2026F
Figure 21: China Bus/Van Tire Market Size, By Value (USD Billion), 2016-2026F
Figure 22: China Bus/Van Tire Market Size, By Volume (Million Units), 2016-2026F
Figure 23: China Bus/Van Tire Market Share, By Vehicle Type, By Volume, 2016-2026F
Figure 24: China Bus/Van Tire Market Share, By Demand Category, By Volume, 2016-2026F
Figure 25: China Bus/Van Tire Market Share, By Tire Construction Type, By Volume, 2016-2026F
Figure 26: China Bus/Van Tire Market Share, By Price Segment, By Volume, 2016-2026F
Figure 27: China Bus/Van Tire Market Share, By Rim Size, By Volume, 2016-2026F
Figure 28: China Bus/Van Tire Pricing Analysis, 2016-2026FList of TablesTable 1: China Prominent Truck Tire Sizes, 2020
Table 2: China Prominent Bus/Van Tire Sizes, 2020
Table 3: China Commercial Vehicle Tire Exports, By Volume, 2016-2020 (Thousand Units)
Table 4: China Commercial Vehicle Tire Imports, By Volume, 2016-2020 (Thousand Units)
Table 5: List of Prominent Commercial Vehicle Tire Dealers in China, 2021
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Hangzhou Zhongce Rubber Co. Ltd.
- Giti Tire (China) Investment Company Ltd.
- Sailun Group Co., Ltd.
- Kumho Tire China Co., Inc.
- Triangle Tire Co. Ltd.
- Hankook Tire China Co. Ltd.
- Double Coin Holdings Ltd.
- Aelous Tyre Co. Ltd.
- Prinx Chengshan (Shandong) Tire Company Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 90 |
| Published | January 2022 |
| Forecast Period | 2016 - 2026 |
| Estimated Market Value ( USD | $ 16144.85 Million |
| Forecasted Market Value ( USD | $ 54404.3 Million |
| Compound Annual Growth Rate | 12.9% |
| Regions Covered | China |
