Forecast and analysis of the development trend of China's tire industry in 2020

Tires are circular, circular, rubberized products that roll on the ground and are assembled on various vehicles or machines. Usually mounted on the rim of the metal wheel, it can support the car body, buffer the external impact, realize the contact with the road and ensure the performance of the vehicle.

As an important part of automobile, tire is the foundation of developing automobile industry. As an important supporting industry of automobile industry, tire industry is closely related to the economic development of our country. With the continuous development of China's transportation, automobile machinery and other industries, the status of China's tire industry in the national economy is expected to continue to improve.

China's radial tire market output in recent years, the overall rise

China's radial tire market is on the rise as a whole, with a year-on-year growth of 848 million radial tires in 2019.

In recent years, China's tire production has a few annual decline, mainly due to the IMPACT of the United States. Imports of passenger tyres from China fell by more than 50 per cent year-on-year in 2015 to 22.6 million from 50.42 million over the same period, according to us Commerce Department data. The gap was largely filled by other Asian countries, with imports from Thailand surging 67.3 per cent. The number of passenger tyres exported to the US fell to 10.63m in 2017, down more than 30 per cent from a year earlier. Thai exports to the US rose more than 26 per cent to 30.1 million.

The rapid growth of the automobile market has brought about ample demand for tires

From 2015 to 2019, China's auto sales and car ownership showed an increasing trend year by year. By the end of 2019, China's auto production, holding and sales volume are respectively 30,003, 30,220 and 262.5 million. The rapid development of the domestic auto market has brought abundant demand for the tire industry.

Upgrade of semi-steel radial tire consumption structure in passenger vehicle sector

With the upgrading of China's consumption structure, the consumption habits of passenger cars tend to converge to the North American market, and the models with better experience and comfort are gradually favored by the mass consumers. The sales proportion of urban multi-purpose vehicles and SUV models is gradually increasing, and the consumption habits of Chinese tires are also gradually migrating to high-performance and large-size tires.

Development trend of tire industry

1. Global layout is the only way to become a world-class tire enterprise

Strengthening overseas investment is the only way to become a world-class tire enterprise. Bridgestone, Michelin, Continental and other well-known brands have a close relationship with their global expansion. Take Bridgestone as an example, it finally became the world's largest tire manufacturer through the acquisition of Firestone in the United States. Some Chinese tire enterprises with strength and foresight actively promote the expansion of domestic superior capacity to overseas, and gradually build the Chinese tire industry with international competitiveness. As of the signing date of this prospectus, hangzhou Zhongce, a leading company in the company and the industry, Linglong Tire, Cylon tire, Huayi Group and other listed companies have made production capacity investment in Thailand, Serbia, Vietnam and other countries, and achieved remarkable results. China National Chemical Acquired Italy's Pirelli tires; Doublestar Group Co., LTD., through the increase of capital holdings Jinhu tires.

2. Intelligent manufacturing mode can promote the tire manufacturing industry to improve the quality and efficiency, continue to do better and stronger

China's tire industry has a high labor intensity and complex production process, and has a strong demand for intelligent manufacturing and robot replacement. Intelligent manufacturing mode is the only way to improve the quality and efficiency of the tire industry by using information and communication technology to transform the traditional tire industry and speed up industrial transformation and upgrading. Intelligent manufacturing of tires includes improving the intelligent level of enterprises in resource allocation, process optimization, process control, industrial chain management, quality control and traceability, energy demand side management, energy conservation, emission reduction and safety production. The Ministry of Industry and Information Technology of The People's Republic of China (MIIT), through the pilot demonstration leading role, further promotes the application of intelligent manufacturing in competitive enterprises, leads the transformation and upgrading of the tire industry, and carries out special actions of intelligent manufacturing pilot demonstration. The company's intelligent manufacturing model has been selected as "2016 Intelligent Manufacturing Integrated Standardization and New Model Application", "2017 Intelligent Manufacturing Pilot Demonstration Project", and "2018 Manufacturing and Internet Integration Pilot Demonstration Project".

3. Innovation-driven product upgrading, leading the industry consumption trend of tire products

Towards high quality, high performance, green and environmentally friendly tires. Tire enterprises must accelerate the development and application of new materials to provide raw material guarantee for the development of green tires. Strengthen the demonstration and popularization of energy-saving technology industrialization, accelerate the use of intelligent manufacturing advanced production methods, improve product quality and consistency control ability; To develop high performance semi-steel radial tire products such as green radial tire, air-deficiency protection tire, self-repairing tire and graphene tire, and lead the tire consumption trend. Leading technology enterprises can further develop aviation tires, racing tires and other special tires, use their technical precipitation to promote the overall technical progress, and build the international famous brand image.