With tire output estimated at 1.2 billion units in 2015, China is the largest producer of tires in the world, followed by the United States and Japan. Revenue of the Tire Manufacturing industry in China is expected to total $94.2 billion in 2015, up 4.1% for the year. Over the past five years, revenue has been growing at an average annualized rate of 13.4%. The development of China's Automobile Manufacturing industry (IBISWorld industry report 3721) has been a major driver of tire demand. Coupled with increased automobile ownership in China, demand for tire for new cars and replacement tires for existing vehicles continued to increase strongly in the past five years.
The Tire Manufacturing industry in China manufactures 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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.