Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 3.8 % over the past five years, to reach an estimated $122.4bn in 2024.
Trends and Insights
The technology level of domestic tire manufacturers has increased largely
- In recent years, the technological level of China's leading tire enterprises has rapidly developed in a fully competitive environment. They have digested and absorbed international advanced tire technology, and continuously explored and innovated in cooperation with major scientific research institutions and universities, gradually narrowing the gap with the world's advanced level.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Fast development of alternative-fuel vehicles brings out a great opportunity for the industry
- China's Government encourages the alternative-fuel vehicle development. In November 2020, the General Office of the State Council launched the Development Plan of Alternative-Fuel Automobile Industry (2021-2035) to promote the high-quality development of the alternative-fuel vehicle industry in China, promoting growing demand for tires.
Biggest companies in the Tire Manufacturing in China
| Company | Market Share (%)
2024 | Revenue ($m)
2024 |
|---|---|---|
Zhongce Rubber Group Co., Ltd. | 5,232.6 | |
Sailun Group Co., Ltd. | 4,035.7 | |
Shandong Linglong Tyre Co., Ltd. | 3,132.6 |
To view the market share and analysis for all 10 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Automobile tires, Motorcycle tires and Engineering tires. Automobile tires is the largest segment of the Tire Manufacturing in China.
Trends and Insights
Fast development of alternative-fuel vehicles will drive growth of automobile tire segment
- Automobile tires refer to tires used on the automobiles. In 2024, automobile tires are expected to account for 65.2% of total industry revenue.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Automobile tiresMotorcycle tiresEngineering tiresAgricultural and forestry tiresOther tiresCompanies
Zhongce Rubber Group Co., Ltd.Sailun Group Co., Ltd.Shandong Linglong Tyre Co., Ltd.Purchase this report to view all 10 major companies in this industry.
Related Terms
TIRE TUBESRADIAL TIRESBIAS TIRESPerformance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Automobiles are the major application field of tires. Fast development of alternative-fuel vehicles brings out a great opportunity for the Tire Manufacturing industry.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Automobile tires are the largest product segment, with an estimated 65.2% of industry revenue in 2024. Fast development of alternative-fuel vehicles will drive growth of auto...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The industry’s activities highly concentrate in East China, particular in Shandong, Jiangsu and Zhejiang. In 2024, the East China is expected to account for 82.0% of industry...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
The market concentration level is low. The industry has a low level of concentration, with top four major companies making up 11.6% of industry revenue in 2024.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Technology innovation capability is important for enterprise development. Industry major companies usually emphasize investment in research and development to develop new pro...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Zhongce Rubber Group Co., Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Sailun Group Co., Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Shandong Linglong Tyre Co., Ltd.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 7 additional companies
Detailed analysis
- Description and key data for Zhongce Rubber Group Co., Ltd., and factors influencing its performance in the industry
- Description and key data for Sailun Group Co., Ltd., and factors influencing its performance in the industry
- Description and key data for Shandong Linglong Tyre Co., Ltd., and factors influencing its performance in the industry
- Description, key data and performance trends for 7 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
The Government guides the industry development. The Ministry of Industry and Information Technology have released a series of policies and regulations to support the developm...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
The industry profit margin is low and varies in different companies. The industry profit is expected to account for 3.4% of industry revenue in 2024, down from 6.9% in 2019.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Tire Manufacturing industry in China in 2024?
The market size of the Tire Manufacturing industry in China is $122.4bn in 2024.
How many businesses are there in the Tire Manufacturing in China industry in 2024?
There are 513 businesses in the Tire Manufacturing industry in China, which has declined at a CAGR of 0.7 % between 2019 and 2024.
Has the Tire Manufacturing industry in China grown or declined over the past 5 years?
The market size of the Tire Manufacturing industry in China has been growing at a CAGR of 3.8 % between 2019 and 2024.
What is the forecast growth of the Tire Manufacturing industry in China over the next 5 years?
Over the next five years, the Tire Manufacturing industry in China is expected to grow.
What are the biggest companies in the Tire Manufacturing market in China?
The biggest companies operating in the Tire Manufacturing market in China are Zhongce Rubber Group Co., Ltd., Sailun Group Co., Ltd. and Shandong Linglong Tyre Co., Ltd.
What does the Tire Manufacturing in China include?
Automobile tires and Motorcycle tires are part of the Tire Manufacturing industry.
Which companies have the highest market share in the Tire Manufacturing in China?
The company holding the most market share in China is Zhongce Rubber Group Co., Ltd..
How competitive is the Tire Manufacturing industry in China?
The level of competition is high and increasing in the Tire Manufacturing industry in China.
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Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in China include:
- National Bureau of Statistics China
- General Administration of Customs
- People’s Bank of China
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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