According to the report of “World Rubber Industry†magazine, the US Freedonia Group released a research report a few days ago and made predictions on the development trend of the global automotive tire industry in the next few years. The report pointed out that the huge demand for bicycle and motorcycle tires makes the Asia Pacific region the largest tire market.
The report predicts that the global tire market will continue to expand at an annual growth rate of 4.7%, reaching a maximum of 3.3 billion by 2015; sales are expected to increase by 6.5% in 2015 and reach US$220 billion by 2015.
The report predicts that the demand for global automotive tires based on heavy-duty vehicles will continue to accelerate. At the same time, more profits will be obtained from the industrial and other tire markets, including industrial tires, bicycle tires, motorcycle tires, off-road tires, etc. Kinds of tires. Data show that automotive tires accounted for more than 60% of the total tire demand in 2010.
The report believes that by 2015, the demand for tires in the Asia Pacific region will grow fastest in the world and will be far ahead of other regions. According to statistics, in 2010, the Asia-Pacific region accounted for more than 50% of global tire demand, becoming the world's largest tire market. The huge demand for bicycle and motorcycle tires is the main reason.
Among these, China's tire market accounted for more than a quarter of global demand, while sales of China's motorcycle-specific tires have ranked second in the world after the United States.
The report analyzes that the tire market in North America and Western Europe, although it has recovered from the 2010 downturn, is expected to grow at a lower rate than the global average.
The report predicts that the global tire market will continue to expand at an annual growth rate of 4.7%, reaching a maximum of 3.3 billion by 2015; sales are expected to increase by 6.5% in 2015 and reach US$220 billion by 2015.
The report predicts that the demand for global automotive tires based on heavy-duty vehicles will continue to accelerate. At the same time, more profits will be obtained from the industrial and other tire markets, including industrial tires, bicycle tires, motorcycle tires, off-road tires, etc. Kinds of tires. Data show that automotive tires accounted for more than 60% of the total tire demand in 2010.
The report believes that by 2015, the demand for tires in the Asia Pacific region will grow fastest in the world and will be far ahead of other regions. According to statistics, in 2010, the Asia-Pacific region accounted for more than 50% of global tire demand, becoming the world's largest tire market. The huge demand for bicycle and motorcycle tires is the main reason.
Among these, China's tire market accounted for more than a quarter of global demand, while sales of China's motorcycle-specific tires have ranked second in the world after the United States.
The report analyzes that the tire market in North America and Western Europe, although it has recovered from the 2010 downturn, is expected to grow at a lower rate than the global average.
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