Revenue of the Tire Manufacturing industry in China is expected to total $49.49 billion in 2011.
Los Angeles, CA (PRWEB) November 10, 2011
High tariffs on China’s exports to the US, slower car manufacturing output and rising raw material prices all pose challenges for China’s Tire Manufacturing industry, according to IBISWorld, America’s largest publisher of industry research. These challenges are likely to cause much slower revenue growth for Chinese tire manufacturers over the next five years, with industry revenue totaling US$81.09 billion by 2016.
In recent years, tire demand has been driven by several factors. The development of China's Automobile Manufacturing industry has been a major driver of tire demand. Along with increased automobile ownership in China, demand for replacement tires for existing vehicles continued to increase strongly in the past five years. Road construction and growth in road transportation have also contributed to higher demand for tires.
These demand drivers have been in conflict with various trouble spots for the industry, such as international trade frictions and anti-dumping duties imposed by various countries. Other headwinds for the future of the Chinese tire industry include higher costs of rubber and the expiration of government policies that encourage vehicle purchases in China.
Still, revenue of the Tire Manufacturing industry in China is expected to total US$49.49 billion by the end of 2011, up 9.2% for the year, with an average annualized growth rate of 19.9% from 2006. Revenue growth in 2011 will be much weaker than that of 2010, due to reduced downstream demand.
For more information, download IBISWorld’s report on Tire Manufacturing in China
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The Tire Manufacturing industry in China comprises establishments that manufacture pneumatic tires, solid tires, semi-pneumatic tires, tire tubes and aircraft tires. The tire products in this industry use rubber as the major raw material.
Manufacturing pneumatic tires
Manufacturing semi-pneumatic tires
Manufacturing tire tubes
Manufacturing aircraft tires
Tire Manufacturing in China Report Key Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.cn or call 1-800-330-3772.