Epoxy curing agent News The scale of my country’s automobile tire market is gradually growing and industry concentration is low

The scale of my country’s automobile tire market is gradually growing and industry concentration is low

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my country's automotive tire market is gradually growing and industry concentration is low

Automobile tires are circular elastic rubber products installed on various vehicles that are in contact with the road surface. They are often installed on metal rims to support the body, buffer external impacts, and ensure the driving performance of the vehicle. With the continuous advancement of production technology, the types of automobile tires are becoming increasingly abundant, with multiple classification methods. According to different product structures, automobile tires can be roughly divided into radial tires, bias tires, etc.; according to different application fields, automobile tires can be roughly divided into matching tires, replacement tires, etc.

At present, my country’s automobile tire industry chain has basically taken shape. The upstream of the industrial chain is mainly the raw material industry, providing synthetic rubber, fiber cord, natural rubber, steel cord, related additives and other raw materials; the midstream is mainly the automobile tire production industry, responsible for the production and manufacturing of different types of automobile tires; the downstream Mainly oriented to application fields, it is mostly used in vehicle production, vehicle maintenance and other fields.

As the main raw material for the production of automobile tires, rubber accounts for the largest proportion of the overall production cost. At present, rubber is roughly divided into natural rubber, synthetic rubber, etc. Due to geographical environment and climate factors, my country’s natural rubber production is small, and synthetic rubber has become the mainstream product in the rubber market. With the gradual advancement of production technology, my country’s synthetic rubber preparation technology has gradually matured, and output has gradually increased. According to data released by the National Bureau of Statistics, my country’s synthetic rubber output will be 8.233 million tons in 2022, a year-on-year increase of 1.4%. my country’s synthetic rubber output continues to grow, providing sufficient raw materials for the rapid development of the automobile tire market.

According to the “China Automotive Tire Industry Market In-depth Research and Development Prospects Forecast Report 2023-2028” released by the Industrial Research Center, the recent Over the past few years, my country’s industrial manufacturing capacity has gradually improved, automobile production costs have gradually decreased, its prices have gradually been accepted by mass consumers, and market penetration has gradually increased. Against this background, my country’s automobile production and sales have gradually increased. According to data released by the China Association of Automobile Manufacturers, my country’s automobile production and sales in 2022 will be 27.021 million and 26.864 million vehicles respectively, a year-on-year increase of 3.4% and 2.1% respectively. As an important component of automobiles, the market demand for automobile tires is gradually growing. And after years of development, the number of cars in our country has continued to grow. As a consumable product, the demand for replacement of car tires has also gradually increased. Therefore, the scale of my country’s automobile tire market is gradually expanding. In 2022, my country’s automobile tire market will reach 328.09 billion yuan, a year-on-year increase of 3.5%.

Industry analysts said that there are a large number of companies in my country’s automobile tire market and the market concentration is low. The major automobile tire companies in my country include Sailun Tire, Giti Tire, Triangle Tire, Fengshen Tire, Linglong Tire, Senqilin, Qingdao Double Star, Pulin Chengshan, General Motors, Huayi Group, etc. As my country’s automobile tire industry continues to develop, the production capacity structure continues to upgrade, and backward production capacity is gradually eliminated, the concentration of the automobile tire market is expected to increase in the future.

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