Tire Market Global and Chinese Analysis for 2015 in New Research Report at ReportsnReports.com

DALLAS, April 16, 2015 /PRNewswire/ --

This research says China tire industry, especially the truck tire field, is facing serious overcapacity. Along with the decline in China's fixed investments and real estate, the demand for trucks' contracts fell sharply, the highly competitive highway logistics industry sees low profits and minimizes the changes of tires. The US's anti-dumping investigation is almost a fatal blow on Chinese tire companies, but China still releases more truck tire capacity. In 2015, the new tire capacity hits up to 120 million and the overcapacity rate is 20%-25%.

In Chinese OE tire market, the market share of South Korean giants Hankook and Kumho Tire slumped because of consecutive quality problems. By contrast, the market share of Japan-based Dunlop and the US-based Goodyear soared, particularly Dunlop's market share almost doubled in 2014. China-based Triangle Tire and Giti Tire also witnessed significant growth.

Leading Tire Vendors Worldwide 

Michelin, Bridgestone, Goodyear, Continental, Sumitomo Rubber Group, Pirelli, Yokohama Rubber, Hankook, Cooper, Kumho Tire, Toyo Tire & Rubber, Apollo Tires, MRF, Nokian, Cheng Shin Tire, Hangzhou Zhongce Rubber, Triangle Tire, Linglong Tire, Aeolus Tire, Double Coin, Guizhou Tire, Qingdao Double Star, Xingyuan, Sailun Group, Giti Tire, Shengtai 

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2014 marked a bumper year for the tire industry. The declining price of natural rubber helped substantial cost reduction of tire vendors; the tire price performed more stably than the costs although it dropped as well. Despite the shrunk revenue in 2014, almost all tire producers saw higher profit margins. This situation continues in 2015, reflected in the falling price of natural rubber and the slight decline in the tire price.

What comes to the momentous event in the tire industry in 2015 is that the state-owned Sinochem is probable to acquire the shares of the world's fifth largest tire company -- Pirelli to demonstrate the strength of China in the capital field, which is a blockbuster in the tire industry. For a long time, Chinese tire makers have not found a way into the field of sedan OE Tires, so they primarily target RT and truck tire markets. Pirelli is the most important tire supplier for BMW, and the second largest supplier for Mercedes-Benz, also one of Ford's main suppliers. Through the acquisition of Pirelli, Chinese vendors have begun to supply OE Tires for luxury cars.

In future, Chinese companies may make more acquisitions to expand the market, obtain technologies and avoid the anti-dumping investigation of the United States. Finland-based Nokian, America-based Titan and CTP, Russia-based Nizhnekamskshina and OJSC, as well as Belarus-based JSC Belshina Belarus are likely to be potentially taken over. If Chinese companies take over Nokian, they will seize the excellent winter tire technology.

Chinese tire enterprises, especially private ones, have a high debt ratio and high financial leverage, which are vulnerable to be in bankruptcy in case of a slight decline in the market. For example, Deruibao Tire earned the revenue of close to USD1 billion with the 35th ranking worldwide in 2013, but it suddenly announced bankruptcy in February 2015.

Global and China Tire Industry Report, 2014-2015  highlights:

• Global Automobile Industry and Market;
• China Automobile Industry and Market;
• Global Tire Industry and Market;
• Tire Industry and Market in China and the United States;
• 26 Typical Tire Vendors.

Other Related Reports: 

The 'Global and Chinese Tire Forming Machine Industry, 2009-2019 Market Research Report' (http://www.reportsnreports.com/reports/317316-global-and-chinese-tire-forming-machine-industry-2009-2019-market-research-report.html  .) is a professional and in-depth study on the current state of the global Tire Forming Machine industry with a focus on the Chinese market. The report provides key statistics on the market status of the Tire Forming Machine manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

Firstly, the report provides a basic overview of the industry including its definition, applications and manufacturing technology. Then, the report explores the international and Chinese major industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and 2009-2014 market shares for each company. Through the statistical analysis, the report depicts the global and Chinese total market of Tire Forming Machine industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis. The report then estimates 2014-2019 market development trends of Tire Forming Machine industry. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out. In the end, the report makes some important proposals for a new project of Tire Forming Machine Industry before evaluating its feasibility. Overall, the report provides an in-depth insight of 2009-2019 global and Chinese Tire Forming Machine industry covering all important parameters.

Global and Chinese Tire Curing Machine Industry, 2009-2019 Market Research Report:http://www.reportsnreports.com/reports/330461-global-and-chinese-tire-curing-machine-industry-2009-2019-market-research-report.html  .

This is a professional and in-depth study on the current state of the global Tire Curing Machine industry with a focus on the Chinese market. The report provides key statistics on the market status of the Tire Curing Machine manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

Firstly, the report provides a basic overview of the industry including its definition, applications and manufacturing technology. Then, the report explores the international and Chinese major industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and 2009-2014 market shares for each company. Through the statistical analysis, the report depicts the global and Chinese total market of Tire Curing Machine industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.

Explore other new reports on Automotive at  http://www.reportsnreports.com/market-research/automotive/  .

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