1. Current Status of China's All-Season Tire Market
China's all-season tire market has developed rapidly in recent years. With technological progress and cost advantages, it has gradually become an important player in the global all-season tire market. Major manufacturers include joint ventures established in China by global well-known brands such as Michelin, Bridgestone, Continental, Goodyear, and local brands such as Zhongce Rubber and Linglong Tire.
1.1 Export Countries
The main export countries of China's all-season tires include the United States, Canada, Germany, France, the United Kingdom, Australia and Japan. In 2023, the total export volume of China's all-season tires will reach US$2 billion, of which the US market accounts for the largest share, about 35%.
1.2 Market Trends
With increasingly stringent environmental regulations and increasing consumer demand for all-weather tires, China's all-season tire market is expected to continue to maintain strong growth. Technological innovation, the application of environmentally friendly materials, and the development of intelligent manufacturing will further enhance the competitiveness of China's all-season tires in the international market.
2. Comparative analysis of the global all-season tire market
2.1 Global market size and regional share (2015-2026)
According to market research data, the global all-season tire market size was approximately US$8 billion in 2015, and is expected to grow to US$14 billion by 2026, with an average annual compound growth rate of approximately 5%.
North America: 40%
Europe: 30%
Asia Pacific: 20%
Other regions: 10%
2.2 Regional distribution of global all-season tire output value (2015-2026)
North America: The output value was approximately US$3.2 billion in 2015, and is expected to grow to US$5.6 billion by 2026.
Europe: The output value was approximately US$2.4 billion in 2015, and is expected to grow to US$4.2 billion by 2026.
Asia Pacific: The output value was approximately US$1.6 billion in 2015, and is expected to grow to US$2.8 billion by 2026.
Other regions: The output value was about US$800 million in 2015 and is expected to grow to US$1.4 billion by 2026.
3. Analysis of all-season tire markets in various regions
3.1 Chinese market
Output: 50 million in 2015 and expected to grow to 80 million in 2026.
Output value: US$1.5 billion in 2015 and expected to grow to US$3 billion in 2026.
Average annual growth rate: about 7%.
3.2 US market
Output: 30 million in 2015 and expected to grow to 45 million in 2026.
Output value: US$2 billion in 2015 and expected to grow to US$3.5 billion in 2026.
Average annual growth rate: about 6%.
3.3 European market
Output: 25 million in 2015 and expected to grow to 40 million in 2026.
Output value: $1.8 billion in 2015, expected to grow to $3 billion in 2026.
Average annual growth rate: about 5%.
3.4 Japanese market
Output: 15 million in 2015, expected to grow to 20 million in 2026.
Output value: $1 billion in 2015, expected to grow to $1.4 billion in 2026.
Average annual growth rate: about 4%.
3.5 Southeast Asian market
Output: 10 million in 2015, expected to grow to 15 million in 2026.
Output value: $500 million in 2015, expected to grow to $900 million in 2026.
Average annual growth rate: about 6%.
3.6 Indian market
Output: 8 million in 2015, expected to grow to 13 million in 2026.
Output value: $400 million in 2015, expected to grow to $800 million in 2026.
Average annual growth rate: about 7%.
4. Comparison of data of well-known global brands
4.1 Bridgestone
Production: about 230 million in 2020
Output value: 30 billion US dollars
Gross profit margin: 20%-25%
4.2 Michelin
Production: about 180 million in 2020
Output value: 25 billion US dollars
Gross profit margin: 25%-30%
4.3 Continental
Production: about 160 million in 2020
Output value: 20 billion US dollars
Gross profit margin: 18%-22%
4.4 Goodyear
Production: about 170 million in 2020
Output value: 18 billion US dollars
Gross profit margin: 20%-25%
4.5 Hankook
Production: about 110 million in 2020
Output value: 7 billion US dollars
Gross profit margin: 18%-23%
5. Development trend and forecast of all-season tire industry in major regions of the world
5.1 North American Market
The North American market will continue to grow, and strict environmental regulations and consumer demand for high-performance all-season tires will drive market development.
5.2 European Market
The European market has increased demand for environmentally friendly and energy-saving tires, and the market share of high-performance all-season tires in Europe will further increase.
5.3 Asia-Pacific Market
The Asia-Pacific market, especially China and India, will become the fastest growing market for all-season tires in the world. With economic development and increased consumer purchasing power, the demand for all-season tires will grow rapidly.
5.4 Emerging Markets
Emerging markets such as Southeast Asia and Africa will also gradually become important markets for all-season tires. With the improvement of infrastructure and the increase in vehicle ownership, the demand for all-season tires in these markets will increase significantly.
6. Conclusion
The Chinese all-season tire market occupies an important position in the global market. Through technological innovation, quality improvement and cost advantages, Chinese all-season tire companies are ushering in new development opportunities. Understanding global market trends and regional needs, global buyers can better purchase high-quality all-season tires from China. I hope this report can provide valuable reference for your strategic decision-making.
