Global and China Automotive Tire Industry Report, 2010-2011

【Abstract】：

In 2010, global tire market size approximated US$160 billion. In 2011, the European and North American markets of CV (Commercial Vehicle) tire presented strong recovery.

It is expected that, CV output in Europe will reach 540,000 units in 2011, a rise of 37% from 395,000 units in 2010; and CV output in North America will soar 48% from 254,000 units in 2010 to 375,000 units in 2011. The output of commercial vehicle in Asia is estimated to hit 2.366 million units in 2011, a slight rise from 2.342 million units in 2010. The depressed Asia-Pacific market was mainly ascribed to the enforcement of tight monetary policy in China as well as the severe Earthquake in Japan.

In particular, medium-truck among commercial vehicle showed robust resilience. The OE tire of medium-truck grew 48% in Europe, 60% in North America and even high up to 114% in Africa and the Middle East, while it fell around 8% in Asia-Pacific. In the replacement market, it rose 12% or so in Europe, about 15% in North America, and just 5% in Asia-Pacific.

The majority of local Chinese tire producers take CV tire as their core business as the passenger car tire market is dominated by foreign vendors. Even if the quality problem of Kumho tire is exposed by CCTV, South Korean companies still firmly sweep 30% shares of Chinese passenger car tire OE market; around 60% shares are seized by corporations from Japan, Europe and America, and the remaining 10% goes to Chinese local companies.

In 2011, Chinese commercial vehicle market is depressed, and most companies strive to explore overseas markets. Even faced with trade disputes, the revenue of Chinese tire manufacturers increased significantly due to the sound CV market situation in Europe and America. Approximately 75% of Chinese local tire enterprises are concentrated in Shandong province whose tire export accounts for roughly 80% of national total tire export. From January to September of 2011, the export value of Shandong province achieved US$5.662 billion, a 58.88% rise from 2010.
 
Another reason for the substantial rise in revenue is the price hike of tires. Due to the mounting pressure of the rising cost of raw materials, nearly all tire companies raise the prices. As revenue increases, profit somewhat falls. Most of Chinese tire companies just make meager profit. According to the data of China Rubber Industry Association, from January to July, the loss-making percentage of the entire industry was up to 25%, but the average profit margin was merely 3%.

Continental is not only one of the tire giants in first echelon but the tire corporation with most profit. In June 2011, Kumho Tire expected its annual sales would approximate US$3.91 billion; moreover, the operating margin also rose greatly as it was reorganized in 2011.

The two India-based companies Apollo Tyres and MRF presented significant growth. Finland-based Nokian also saw remarkable growth powerfully driven by the Russian market.

【Table of Contents】 

1. Brief Introduction of Tire

2. Global Automotive Market
2.1 Automobile Production
2.2 Automobile Industry

3. Chinese Automotive Market
3.1 Review of Chinese Automotive Market in 2010
3.1.1 Market Overview in 2010
3.1.2 Market Pattern in 2010
3.2 Status Quo in 2011

4. Global Tire Market
4.1 Market Size
4.2 Tire Market by Region
4.3 Investments of Major Tire Vendors in 2010-2011
4.4 Ranking of Tire Vendors
4.5 Tire Market of the US
4.5.1 Market Size
4.5.2 Breakdown of Tire Market by Tire Size
4.5.3 Replacement Market
4.5.4 OTR Market
4.6 Tire Market of India
4.6.1 Automotive Market
4.6.2 Tire Industry
4.7 Tire Market and Industry of China
4.7.1 Market Size
4.7.2 Tire Output
4.7.3 Tire Output by Region
4.7.4 Tire Export
4.7.5 All-Steel Radial Tire Industry
4.7.6 Market Shares of Key Vendors
4.7.7 Top 10 Tire Vendors in China

5. Main Tire Manufacturers Worldwide
5.1 Michelin
5.2 Bridgestone
5.3 Goodyear
5.4 Continental
5.5 Sumitomo Rubber
5.6 Pirelli
5.7 Yokohama Rubber
5.8 Hankook
5.9 Cooper
5.10 Kumho Tire
5.11 Toyo Tire & Rubber
5.12 Apollo Tyres
5.13 MRF
5.14 NOKIAN
5.15 Cheng Shin Tire
5.16 Hangzhou Zhongce Rubber
5.17 Triangle Tire
5.18 Linglong Tire
5.19 Aeolus Tire
5.20 Double Coin
5.21 Guizhou Tire
5.22 Huanan Rubber Tire
5.23 Qingdao Double Star
5.24 Xingyuan
5.25 Yongsheng Rubber
5.26 GITI Tire

【Figures & Tables】

Global Light-duty Vehicle Output by Region, 2009-2016
Global Truck Output by Region, 2009-2016
Global PC & LT Automobile Output by Region, 2010-2011
Global CV (Commercial Vehicle) Output by Region, 2010-2011
Automobile Sales Volume in China, 2001-2010
Monthly Automobile Sales Volume in China, 2010
Sedan Car Sales Volume, Jan.2006-Dec. 2010
Breakdown of Joint-Venture Passenger Car Market by Brand , 2010
Chinese Automotive Market Breakdown by Placement, 2009-2010
Chinese Automotive Market Breakdown by Type, 2006-2010
Sedan Car Sales Breakdown in China, Sep.2011
Sedan Car Sales Breakdown in China, Jan.-Sep.2011
Global Tire Market Size, 2002-2011
Global Tire Market Breakdown by Type, 2008-2010
Global OE Automotive Tire Shipment by Region, 2011
Global Replacement Automotive Tire Shipment by Region, 2011
Growth Rates of OE Car & Light Truck Market by Region, Jan.-Sep.2011
Growth Rates of Replacement Car & Light Truck Market by Region, Jan.-Sep.2011
Growth Rates of OE Radial Truck Tire Market by Region, Jan.-Sep.2011
Growth Rates of Replacement Radial Truck Tire Market by Region, Jan.-Sep.2011
Passenger Car OE and Replacement Tire Shipment in the USA, 2004-2010
Light-Truck OE and Replacement Tire Shipment in the USA, 2004-2010
Medium-Truck OE and Replacement Tire Shipment in the USA, 2004-2010
Market Shares of Key OTR Bias Tire Manufacturers in the USA, 2010
Market Shares of Key OTR Radial Tire Manufacturers in the USA, 2010
Market Shares of Key Passenger Car Tire Manufacturers in India, 2010
Market Shares of Key Truck and Coach Tire Manufacturers in India, 2010
Market Shares of Key Light-Truck Tire Manufacturers in India, 2010
Automotive Tire Market Size of China, 2005-2011
Automotive Tire OE and Replacement Market Size of China, 2005-2011
Automotive Tire Output of China, 2003-2011
Proportion of Radial Tire in Automotive Tire in China, 2003-2011
Radial Tire Output of China, 2005-2011
Outer Cover Output by Region in China, Jan.-Sep.2011
Radial Tire Output by Region in China, Jan.-Sep.2011
Outer Cover Output by Region in China, 2010
Export Volume of Automotive Tires in China, 2005-2011
Export Value of Automotive Tires in China, 2005-2011
All-Steel Radial Output of China, 2005-2011
Market Shares of Key OE Tire Manufacturers in China, 2010
Market Shares of Key OE Tire Manufacturers in China, 2011
Market Shares of Key Crossover Passenger Car Tire Manufacturers in China, 2011
Market Shares of Key Heavy-duty Truck Tire Manufacturers in China, 2011
Revenue and Operating Margin of Michelin, 2004-2011
Michelin Employees on Payroll by Region in 2010
Michelin Employees in 2010 by Job Category
Michelin Purchases Breakdown of Goods and Services in 2010
Cost Breakdown of Raw Materials Used by Michelin in 2010
Cost Breakdown of Raw Materials Used by Michelin in 2011H1
Quarterly Output of Michelin, Q1 2010-Q3 2011
Revenue of Michelin by Division, 2009-9M/2011
Operating Margin of Michelin by Division, 2009-9M/2011
Revenue and Operating Margin of Bridgestone, 2004-2011
Revenue of Bridgestone by Region, 2004-H1 2011
Revenue and Operating Margin of Goodyear, 2004-2011
Sales Volume of Goodyear, 2009-2010
Revenue of Goodyear by Business, Q3 2011
Revenue of Goodyear by Region, 2008-9M/2011
Operating Margin of Goodyear by Region, 2008-9M/2011
Tire Sales Volume of Goodyear by Region, 2006-M9/2011
Goodyear’s Sales Volume of Tires to New Vehicle and After-sale Market, 2006-2010
Sales Value of Continental Tire Division, Q1 2009-Q3 2011
Production Capacity of Continental Tire Division, 2015-2016
PLT Business Framework of Continental Tire Division
Sales and EBITDA of Passenger Car and Light Truck Tire Division of Continental,
2007-9M/2011
Sales of Passenger Car and Light Truck Tire Division of Continental by Region,
2009-2010
Output of Passenger Car and Light Truck Tire of Production Bases (except Europe)
of Continental, 2008-2010
Passenger Car and Light Truck Tire Output of European Production Base of
Continental, 2008
Passenger Car and Light Truck Tire Output of European Production Base of
Continental, 2009
Passenger Car and Light Truck Tire Output of European Production Base of
Continental, 2010
Sales Volume of Passenger Car and Light Truck Tire of Continental by Region,
2005-2010
Sales Volume of Continental Passenger and Light Truck Tires, 2005-2010
Sales Volume of Continental Winter Tires and Summer Tires, 2005-2010
Sales and EBITDA of Continental Commercial Vehicle Tire Division,
FY2007-FY9M/2011
Commercial Vehicle Tire Sales of Continental by Region, 2008
Output of Commercial Vehicle Tire Manufacturing Bases of Continental Worldwide,
2008
Output of Commercial Vehicle Tire Manufacturing Bases of Continental Worldwide,
2009
Output of Commercial Vehicle Tire Manufacturing Bases of Continental Worldwide,
2010
Sales Volume of Commercial Vehicle Tire of Continental, 2005-2010
Revenue and Operating Margin of Sumitomo Rubber, 2003-2011
Sales Volume of Sumitomo Rubber by Region in After-sale Market, 2006-2011
Production Capacity of Tire Plants of Sumitomo Rubber, 2006-2011
Tire Output and Capacity Utilization Rate of Sumitomo Rubber, 2006-2011
Revenue and Operating Margin of Pirelli, 2006-2011
Revenue of Pirelli by Business, 2006-2010
R&D and Capital Expenditure of Pirelli, 2006-2010
Revenue of Pirelli by Region, 2006-9M/2011
Global Presence of Pirelli
Revenue and Operating Margin of Hankook, 2003-2011
Tire Sales and Operating Margin of Hankook, Q2 2010-Q3 2011
Tire Output of Hankook, Q2 2010-Q3 2011
Capacity Utilization Rate of Hankook Plants by Region, Jan.2010-Sep.2011
Sales and Operating Margin of Hankook in South Korea, Q2 2010-Q3 2011
Sales and Operating Margin of Hankook in China, Q2 2010-Q3 2011
Sales and Operating Margin of Hankook in Hungary, Q2 2010-Q3 2011
Revenue of Hankook by Destination, Q3 2011
Revenue and Operating Margin of Cooper, 2004-2011
Revenue of Cooper by Region, 2006-2010
Sales of Cooper by Product, 2010
Revenue and Operating Margin of Kumho Tire, 2005-2011
Overseas Revenue of Kumho Tire by Region, Q4 2010
Output of Toyo Tire & Rubber, FY2008-FY2011
Revenue and Operating Margin of Apollo Tyres, FY2007-FY2012
Output and EBITDA of Apollo Tyres, FY2007-FY2011
Capital Expenditure of Apollo Tyres, FY2007-FY2011
Production Capacity of Apollo Tyres, FY2007-FY2011
Revenue Segmentation of Apollo Tyres by Region, FY2011
Revenue Segmentation of Apollo Tyres by Customer, FY2011
Revenue of Apollo Tyres by Product, FY2011
Revenue of Apollo Tyres in India, FY2007-FY2011
Revenue of Apollo Tyres in India by Customer and Product, FY2011
Revenue of Apollo Tyres in Europe, FY2007-FY2011
Revenue of Apollo Tyres in Europe by Customer and Product, FY2011
Distribution of MRF Plants
Revenue and Operating Margin of Nokian, 2004-2011
Sales of Nokian by Destination, 9M/2011
Sales of Nokian by Region, 9M/2011
Raw Material Consumption Breakdown of Nokian, 9M/2011
Sales Breakdown of Nokian by Product, 9M/2011
Revenue and Operating Margin of Cheng Shin Tire, 2003-2011
Revenue Breakdown of Cheng Shin Tire by Business, 2011
Revenue Breakdown of Cheng Shin Tire by Region, 2011
Revenue and Operating Margin of Hangzhou Zhongce Rubber, 2007-2011
Revenue and Output of Hangzhou Zhongce Rubber, 2007-2011
Revenue and Operating Margin of Triangle Tire, 2007-2011
Revenue and Output of Triangle Tire, 2007-2011
Revenue and Operating Margin of Linglong Tire, 2007-2011
Revenue and Output of Linglong Tire, 2007-2011
Revenue and Operating Margin of Aeolus Tire, 2006-2011
Engineering Tire Market Shares of Aeolus Tire, 2004-2010
Revenue and Operating Margin of Double Coin, 2005-2011
Revenue and Operating Margin of Guizhou Tire, 2006-2011
Domestic Revenue of Huanan Rubber Tire by Region, 2010
Overseas Revenue of Huanan Rubber Tire by Region, 2010
Revenue and Operating Margin of Qingdao Double Star, 2004-2011
Revenue and Operating Margin of Xingyuan, 2007-2011
Revenue and Operating Income of GITI Tire, 2006-2011

Automobile Sales Volume in China, Jan.-Sep.2011
Automobile Output in China, Jan.-Sep.2011
Ranking by Sales Volume of Key Sedan Car Manufacturers, Jan.-Sep.2011
Revenue of Top 20 Tire Vendors Worldwide, 2010-2011
Operating Margin of Top 20 Tire Vendors Worldwide, 2010-2011
Replacement Tire Breakdown by Size in American Light Truck Market, 2010
OE Tire Breakdown by Size in American Light Truck Market, 2010
Market Shares of 33 Manufacturers in American Passenger Car Replacement Market,
2010
Market Shares of 31 Manufacturers in American Light-duty Truck Replacement
Market, 2010
Market Shares of 20 Manufacturers in American Medium Truck Replacement Market,
2010
Market Shares of Key Manufacturers in H-Rated & Above Replacement Market, 2010
New Projects of Key Tire Manufacturers in India, 2010-2013
Ranking of Chinese Tire Manufacturers by Sales and Total Profit, 2007
Output of Top 10 Tire Manufacturers in China, 2008-2010
Profit of Top 10 Tire Manufacturers in China, 2008-2010
Application of Michelin Tire to Chinese Car Models
Tire Output of Bridgestone at Home and Abroad, 2006-2010
Plants of Bridgestone Worldwide
Revenue, Assets and Employees of Bridgestone Branches, 2008-2010
Replacement Tire Sales Breakdown of Goodyear by Region, 2006-2010
Tire Application of Goodyear in Chinese Car Models
Revenue of Sumitomo Rubber by Product, 2007-2011
Operating Income of Sumitomo Rubber by Product, 2007-2011
Tire Application of Sumitomo Rubber in Chinese Car Models
Sales and Operating Margin of Yokohama Rubber, FY2006-FY2012
Revenue of Yokohama Rubber by Product, FY2007-H1 FY2012
Revenue of Yokohama Rubber by Region, FY2006-FY2011
Production Capacity of Yokohama Rubber’s Plants Worldwide, 2009-2012
OE Supported Car Modes of Hankook Tire
Revenue and Operating Margin of Toyo Tire & Rubber, FY2005-FY2012
Revenue of Toyo Tire & Rubber by Region, FY2007-FY2011
Revenue and Profit of MRF, 2001-2011
Production Capacity of Cheng Shin Tire’s Plants
Application of Cheng Shin Tire in Chinese Car Models
Revenue Breakdown of Huanan Rubber Tire by Product, 2008-Q1 2011
Gross Margin of Huanan Rubber Tire by Product, 2008-Q1 2011
Capacity, Output and Sales Volume of Huanan Rubber Tire by Product, 2008-Q1 2011