Status Quo of the Industry: China’s huge demand for automobiles has contributed to the rapid growth of the tire industry. From January to August 2007, China’s tire production was 33,836 million, an increase of 23% year-on-year, and production of radial tires was 153 million, an increase of 36.7% year-on-year. Radial tires reach 45% of the total tire volume. It shows that China's tire framework is moving toward the pursuit of high quality and high added value.
Judging from the situation of listed companies, in the first three quarters of 2007, the main business income of automobile tires was 1993.291 million, an increase of 30.10% year-on-year, and the total profit was 60.882 million, an increase of 243.74% year-on-year. The profit growth rate is higher than the income growth rate, and the overall development of the industry is in good condition.
In the automotive tire industry, net profit growth reached 146.2%, and its profitability was significantly higher than that of the detergent industry. Along with China’s huge car ownership and continuously increasing automobile consumption, another development stage was ushered in, bringing the development of automotive tire companies. opportunity.
The status quo of competition: China's tire companies are mainly divided into three major categories: state-owned, joint ventures, sole proprietorships, and private enterprises. Enterprises have their own strengths in mechanism, technology, products, capital, and marketing. State-owned enterprises are well-established, but with the exception of a small number of enterprises, most of them are faltering and the constraints of the recipient system are developing slowly. Joint ventures or wholly-owned enterprises have the advantages of capital, management, technology, etc., but have a lot of focus on high-end products, except cars, Outside the light steel and other semi-steel radial tires, other varieties do not possess scale advantages; private enterprises rely on flexible mechanisms and have made rapid progress, but their technical and marketing networks are less powerful.
Industry trends and forecasts: It is expected that the total demand for automobile tires in China will exceed 240 million in 2010, of which the demand for radial tires will exceed 200 million. According to the prediction of experts, in 2010 China's car ownership was about 62 million, of which 31 million were cars. By then, the domestic market demand for automotive tires will be 164.8 million, an average annual increase of 9.2%; exports of about 7.87 million, an average annual growth of 3.9%; a total of 243.5 million, an average annual increase of 7.3%.
By 2010, it is expected that the demand for passenger car radial tires in the domestic market will be about 81 million, exports will be about 45 million, totaling 126 million, and the domestic market will require about 28.3 million light-duty truck tires. 17.4 million, totaling 45.7 million; domestic demand for heavy-duty radial tires is about 32.1 million, and exports 6 million, totaling 38.1 million. It is estimated that the demand for radial tires in 2010 will total 209.8 million, which is a double increase from 100 million in 2004, and skew tires will have a negative growth.
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