World Tires Market

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Feb 20, 2012, 05:23 ET

NEW YORK, Feb. 20, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

World Tires Market

http://www.reportlinker.com/p0778012/World-Tires-Market.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Tire

Global demand to rise 4.7% annually through 2015

World tire demand is forecast to rise 4.7 percent per year through 2015 to 3.3 billion units. In dollar terms, the tire market is projected to advance 6.5 percent annually through 2015 to $220 billion. The large motor vehicle tire market will see an acceleration in growth through 2015 following a period of weakness between 2005 and 2010, as the motor vehicle industries in many important producing countries rebound. The strongest gains will be registered by the industrial and other tires segment, which includes a variety of tire types, including bicycle, motorcycle and off-road tires.

Asia/Pacific to solidify status as dominant region

The Asia/Pacific region is by far the largest market for tires, accounting for over half of global tire sales in 2010. In addition, the region will register the strongest growth in tire demand through 2015, despite the fact that the large Japanese tire market is expected to see extremely sluggish growth as the motor vehicle industry in that country posts modest output gains. The massive Chinese tire market, which singlehandedly accounted for more than one-quarter of global tire demand in 2010, will record the strongest gains of any country through 2015. Although the majority of tire demand in China is comprised of non-motor vehicle tires, sales of motor vehicle tires in the country are the second highest in the world, behind only the US. The tire markets in North America and Western Europe will continue to see advances below the global average, although both regions will rebound somewhat from the declines recorded during the 2005 to 2010 period.

Motor vehicles to remain largest tire market

Tires for motor vehicles, which accounted for over 60 percent of all tire demand in 2010, are expected to remain the largest segment of the tire market in 2015. Vehicle utilization rates are forecast to increase worldwide as income levels rise, allowing a greater share of the population to own vehicles. This growth will bolster demand for both OEM and replacement motor vehicle tires, especially for light vehicles. However, the industrial and other tire market will register the strongest gains of any tire segment through 2015. Although this segment includes a wide range of tires, the vast majority of demand is comprised of bicycle and motorcycle tires used in developing nations worldwide. The Asia/Pacific region will account for more than 90 percent of growth in unit terms through 2015. The massive size of the industrial and other tire segment in that region is reflective of both the large population levels, as well as the low motor vehicle utilization rates, except in Japan and South Korea. Tires employed in other applications -- including agricultural, construction and mining equipment, and airplanes -- will account for some of the increases in sales, but are utilized in much lower numbers than bicycle and motorcycle tires on a worldwide basis. The Asia/Pacific region will register the fastest gains in production of any region through 2015. Advances in China will be especially strong, with the country accounting for 63 percent of global tire output gains through 2015 in unit terms. Increases throughout the region will be spurred by significant foreign investment in tire manufacturing operations as large global companies attempt to capitalize on Asia's low labor costs, as well as new sales opportunities in local markets.

Study coverage

This upcoming industry study, World Tires, presents historical demand data (2000, 2005, 2010) and forecasts for 2015 and 2020 by market, world region and for 30 major countries. The study also considers market environment factors, evaluates company market share and profiles 32 global industry competitors.

TABLE OF CONTENTS INTRODUCTION xiii I. EXECUTIVE SUMMARY 1 II. MARKET ENVIRONMENT 4

World Economic Environment 5

Recent Historical Trends 5

World Economic Outlook 7

World Population Overview 11

World Motor Vehicle Production 13

World Motor Vehicles in Use 17

World Gross Fixed Investment Outlook 19

Pricing Patterns 22

Technology 24

Retreaded, Regrooved & Used Tires 27

Legal & Regulatory Environment 28

III. WORLD SUPPLY & DEMAND 31

Regional Overview 32

Demand 32

Production 37

Production Capacity 40

International Trade 41

Demand by Market 43

Light Vehicle 45

OEM 47

Replacement 47

Medium & Heavy Vehicle 48

OEM 51

Replacement 51

Industrial & Other 52

IV. NORTH AMERICA 55 North America

Economic & Vehicle Overview 55

Tire Supply & Demand 57

Tire Production Capacity 62

United States 63

Canada 74

Mexico 81

V. WESTERN EUROPE 87 Western Europe

Economic & Vehicle Overview 87

Tire Supply & Demand 89

Tire Production Capacity 94

Germany 95

France 103

Italy 110

United Kingdom 117

Spain 123

Netherlands 130

Belgium 135

Portugal 140

Sweden 146

Other Western Europe 151

VI. ASIA/PACIFIC 157 Asia/Pacific

Economic & Vehicle Overview 157

Tire Supply & Demand 160

Tire Production Capacity 164

China 165

Japan 178

India 186

Indonesia 195

South Korea 203

Thailand 211

Vietnam 219

Australia 227

Malaysia 232

Taiwan 238

Other Asia/Pacific 246

VII. OTHER REGIONS 255 South America

Economic & Vehicle Overview 255

Tire Supply & Demand 257

Tire Production Capacity 261

Brazil 262

Other Central & South America 269

Eastern Europe 278

Economic & Vehicle Overview 278

Tire Supply & Demand 280

Tire Production Capacity 285

Russia 286

Poland 295

Ukraine 302

Czech Republic 309

Other Eastern Europe 315

Africa/Mideast 322

Economic & Vehicle Overview 322

Tire Supply & Demand 325

Tire Production Capacity 330

Turkey 331

Iran 337

South Africa 344

Other Africa/Mideast 351

VIII. INDUSTRY STRUCTURE 361

Market Share & Industry Concentration 362

Acquisitions, Divestitures & Industry Restructuring 368

Cooperative Agreements 372

Marketing & Distribution 378

Competitive Strategies 379

Research & Development 381

Company Profiles 382

Aeolus Tyre Company Limited 383

Apollo Tyres Limited 384

Belshina OJSC 386

Bridgestone Corporation 387

Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret AS 394

CGS as 395

Cheng Shin Rubber Industries Company Limited 397

Continental AG 399

Cooper Tire & Rubber Company 404

Cordiant-Vostok CJSC, see SIBUR-Russian Tyres

Double Coin Holdings Limited 408

Giti Tire China Investment Company Limited 409

Goodyear Tire & Rubber Company 411

GTY Tire, see Continental and Yokohama Rubber

Hangzhou Zhongce Rubber Company Limited 417

Hankook Tire Company Limited 418

JK Tyre & Industries Limited 421

Kumho Tire Company Incorporated 422

Marangoni SpA 425

Maxxis International, see Cheng Shin Rubber Industries

Michelin Group 426

MITAS as, see CGS as

Modi Tyres, see Continental

MRF Limited 432

NEXEN Tire Corporation 433

Nizhnekamskshina, see TATNEFT

Nokian Tyres plc 435

Pirelli & C. SpA 438

PT Gajah Tunggal Tbk 443

Qingdao Doublestar Company Limited 445

Shandong Linglong Rubber Company Limited 446

Shandong Silverstone Luhe Rubber & Tyre, see Toyo Tire

& Rubber

SIBUR Holding CJSC 447

SIBUR-Russian Tyres OJSC 448

Sumitomo Industries Limited 450

TATNEFT OAO 453

Titan International Incorporated 454

Toyo Tire & Rubber Company Limited 456

Triangle Group Company Limited 458

Xingyuan Group 460

Yokohama Rubber Company Limited 461

Other Companies Mentioned in Study 465

LIST OF TABLES SECTION I -- EXECUTIVE SUMMARY Summary Table 3 SECTION II -- MARKET ENVIRONMENT

1 World Gross Domestic Product by Region 112 World Population by Region 133 World Motor Vehicle Production 174 World Motor Vehicles in Use 195 World Gross Fixed Investment by Region 216 World Tire Pricing 23

SECTION III -- WORLD SUPPLY & DEMAND

1 World Tire Demand by Region 342 World Tire Production by Region 383 World Tire Production Capacity by Region, Year-End 2010 414 World Tire Net Exports by Region 435 World Tire Demand by Market 446 World Light Vehicle Tire Demand by Application & Region 467 World Medium & Heavy Vehicle Tire Demand by Application& Region 508 World Industrial & Other Tire Demand by Region 54

SECTION IV -- NORTH AMERICA

1 North America: Market Environment for Tires 572 North America: Tire Supply & Demand 603 North America: Tire Production Capacity by Country,Year-End 2010 634 United States: Market Environment for Tires 665 United States: Tire Supply & Demand 696 United States: Tire Production Capacity by Company,Year-End 2010 737 Canada: Market Environment for Tires 768 Canada: Tire Supply & Demand 799 Canada: Tire Production Capacity by Company,Year-End 2010 8010 Mexico: Market Environment for Tires 8311 Mexico: Tire Supply & Demand 8512 Mexico: Tire Production Capacity by Company,Year-End 2010 86

SECTION V -- WESTERN EUROPE

1 Western Europe: Market Environment for Tires 892 Western Europe: Tire Supply & Demand 923 Western Europe: Tire Production Capacity by Country,Year-End 2010 954 Germany: Market Environment for Tires 985 Germany: Tire Supply & Demand 1016 Germany: Tire Production Capacity by Company,Year-End 2010 1037 France: Market Environment for Tires 1058 France: Tire Supply & Demand 1089 France: Tire Production Capacity by Company,Year-End 2010 11010 Italy: Market Environment for Tires 11211 Italy: Tire Supply & Demand 11512 Italy: Tire Production Capacity by Company,Year-End 2010 11713 United Kingdom: Market Environment for Tires 11914 United Kingdom: Tire Supply & Demand 12115 United Kingdom: Tire Production Capacity by Company,Year-End 2010 12316 Spain: Market Environment for Tires 12517 Spain: Tire Supply & Demand 12818 Spain: Tire Production Capacity by Company,Year-End 2010 13019 Netherlands: Market Environment for Tires 13220 Netherlands: Tire Supply & Demand 13421 Belgium: Market Environment for Tires 13722 Belgium: Tire Supply & Demand 13923 Portugal: Market Environment for Tires 14224 Portugal: Tire Supply & Demand 14425 Portugal: Tire Production Capacity by Company,Year-End 2010 14526 Sweden: Market Environment for Tires 14827 Sweden: Tire Supply & Demand 15028 Other Western Europe: Market Environment for Tires 15229 Other Western Europe: Tire Supply & Demand 15530 Other Western Europe: Tire Production Capacity by Company,Year-End 2010 156

SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific: Market Environment for Tires 1592 Asia/Pacific: Tire Supply & Demand 1623 Asia/Pacific: Tire Production Capacity by Country,Year-End 2010 1654 China: Market Environment for Tires 1695 China: Tire Supply & Demand 1736 China: Tire Production Capacity by Company,Year-End 2010 1767 Japan: Market Environment for Tires 1808 Japan: Tire Supply & Demand 1839 Japan: Tire Production Capacity by Company,Year-End 2010 18510 India: Market Environment for Tires 18811 India: Tire Supply & Demand 19112 India: Tire Production Capacity by Company,Year-End 2010 19413 Indonesia: Market Environment for Tires 19714 Indonesia: Tire Supply & Demand 20015 Indonesia: Tire Production Capacity by Company,Year-End 2010 20316 South Korea: Market Environment for Tires 20617 South Korea: Tire Supply & Demand 20918 South Korea: Tire Production Capacity by Company,Year-End 2010 21119 Thailand: Market Environment for Tires 21320 Thailand: Tire Supply & Demand 21621 Thailand: Tire Production Capacity by Company,Year-End 2010 21822 Vietnam: Market Environment for Tires 22123 Vietnam: Tire Supply & Demand 22424 Vietnam: Tire Production Capacity by Company,Year-End 2010 22625 Australia: Market Environment for Tires 22826 Australia: Tire Supply & Demand 23127 Malaysia: Market Environment for Tires 23428 Malaysia: Tire Supply & Demand 23629 Malaysia: Tire Production Capacity by Company,Year-End 2010 23730 Taiwan: Market Environment for Tires 24031 Taiwan: Tire Supply & Demand 24332 Taiwan: Tire Production Capacity by Company,Year-End 2010 24533 Other Asia/Pacific: Market Environment for Tires 24834 Other Asia/Pacific: Tire Supply & Demand 25135 Other Asia/Pacific: Tire Production Capacity by Country& Company, Year-End 2010 253

SECTION VII -- OTHER REGIONS

1 Central & South America: Market Environment for Tires 2572 Central & South America: Tire Supply & Demand 2603 Central & South America: Tire Production Capacityby Country, Year-End 2010 2624 Brazil: Market Environment for Tires 2645 Brazil: Tire Supply & Demand 2676 Brazil: Tire Production Capacity by Company,Year-End 2010 2697 Other Central & South America: Market Environmentfor Tires 2718 Other Central & South America: Tire Supply & Demand 2749 Other Central & South America: Tire Production Capacityby Country & Company, Year-End 2010 27710 Eastern Europe: Market Environment for Tires 28011 Eastern Europe: Tire Supply & Demand 28312 Eastern Europe: Tire Production Capacity by Country,Year-End 2010 28613 Russia: Market Environment for Tires 28914 Russia: Tire Supply & Demand 29215 Russia: Tire Production Capacity by Company,Year-End 2010 29516 Poland: Market Environment for Tires 29717 Poland: Tire Supply & Demand 30018 Poland: Tire Production Capacity by Company,Year-End 2010 30219 Ukraine: Market Environment for Tires 30420 Ukraine: Tire Supply & Demand 30721 Ukraine: Tire Production Capacity by Company,Year-End 2010 30822 Czech Republic: Market Environment for Tires 31123 Czech Republic: Tire Supply & Demand 31324 Czech Republic: Tire Production Capacity by Company,Year-End 2010 31425 Other Eastern Europe: Market Environment for Tires 31726 Other Eastern Europe: Tire Supply & Demand 31927 Other Eastern Europe: Tire Production Capacity by Company,Year-End 2010 32128 Africa/Mideast: Market Environment for Tires 32529 Africa/Mideast: Tire Supply & Demand 32830 Africa/Mideast: Tire Production Capacity by Country,Year-End 2010 33031 Turkey: Market Environment for Tires 33332 Turkey: Tire Supply & Demand 33533 Turkey: Tire Production Capacity by Company,Year-End 2010 33734 Iran: Market Environment for Tires 33935 Iran: Tire Supply & Demand 34236 Iran: Tire Production Capacity by Company,Year-End 2010 34437 South Africa: Market Environment for Tires 34638 South Africa: Tire Supply & Demand 34939 South Africa: Tire Production Capacity by Company,Year-End 2010 35140 Other Africa/Mideast: Market Environment for Tires 35341 Other Africa/Mideast: Tire Supply & Demand 35642 Other Africa/Mideast: Tire Production Capacity by Country& Company, Year-End 2010 358

SECTION VIII -- INDUSTRY STRUCTURE

1 World Tire Sales by Company, 2010 3642 Selected Acquisitions & Divestitures 3703 Selected Cooperative Agreements 374

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT1 World Tire Pricing, 2000-2020 24SECTION III -- WORLD SUPPLY & DEMAND1 World Tire Demand by Region, 2010 352 Increase in Annual Tire Demand from 2010 to 2015 by Region 353 World Tire Demand: Projected 2010-2015 Annual Rate of Growth364 World Tire Production by Region, 2010 395 Increase in Annual Tire Production from 2010 to 2015 by Region 396 World Tire Demand by Market, 2010 44SECTION IV -- NORTH AMERICA1 North America: Tire Supply & Demand by Country, 2010 61SECTION V -- WESTERN EUROPE1 Western Europe: Tire Supply & Demand by Country, 2010 93SECTION VI -- ASIA/PACIFIC1 Asia/Pacific: Tire Supply & Demand by Country, 2010 163SECTION VII -- OTHER REGIONS1 Eastern Europe: Tire Supply & Demand by Country, 2010 2842 Africa/Mideast: Tire Supply & Demand by Country, 2010 329SECTION VIII -- INDUSTRY STRUCTURE1 World Tire Market Share, 2010 365