China Tire Market

China Tire Market report: Statistics and facts 2022-2027 available in the latest report

This strategic assessment report, from Markntel Advisors, on China Tire Market provides a detailed analysis of market size, regional and country-level market size, segmentation market growth, and more market dynamics. The report chapters analyze the industry in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the key participants and investors in identifying the low-hanging fruits available and formulating the growth strategies to expedite their growth process.

The report structure has been kept to offer maximum business value and is easy to read and understand. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players and those willing to enter the industry. The researchers at Markntel Advisors have comprised the report with significant market elements, including challenges, drivers, opportunities, restraints, demand growth & falls, leading geographies, key players and their profiling, and market trends. The report covers the market spread across: -

-North East & East

-North & North West

-South West & South Central

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The Aim of the Report

The study’s main goal is to help stockholders and readers understand the market overview, segmentation, potential, major trends, and difficulties. The process of creating the report involves intensive research and analysis. As a result, readers will benefit from detailed insight into the market.

Market Dynamics

The report is compiled systematically and methodically, with each section neatly covering its essence and influence in the market. Likewise, the report provides a credible selection of market dynamics consisting of the following major pillars of the industry’s study.

Key Driver: Low Production Cost of Tires & a Substantial Export Business

Since China has a low production cost for tires & continuous sales of passenger vehicles, the demand for tires is extensive in the country & attracting several prominent tire manufacturers to enter the tire industry. Additionally, the upliftment of foreign investments in manufacturing passenger vehicles and the massive export business of China also drive the China Tire Market.

Possible Restraint: Trade Wars in China

Tensions between China & the US have resulted in a dilemma in the exports of Chinese tires, thereby possibly hindering the China Tire Market during 2022-27. Additionally, the anti-dumping & anti-subsidy duties by the European Union & US Department of Commerce on the Chinese truck tires is another aspect that might hinder the market growth in the coming years.

Significant Market Advancement

Along with the competitor’s analysis, the report also provides significant market developments, including joint initiatives, R&D, new product launches, new major product modifications, joint ventures, and connections between key market participants. The study includes the major companies; -

-Kumho

-Hangzhou Zongche

-Prinx

-Double Coin

-Cheng Shin

-Hankook

-Triangle

-Sailun Jinyu

-Giti Tire

-Aelous Tyre Co. Ltd.

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Segmentation-Wise, Scope of The Market

By dividing and bifurcating the industry based on varying segments, the reports help breaks down the market into sections to help shareholders point out their focus of attention and figure out the most profitable quarter.

The China Tire market is diversely fragmented and spread across various bifurcations. The report aims to categorize and systematically present the data in an organized, easy-to-interpret format by dividing the bifurcations into segments. Each segment is then further presented with historical data, market growth, expansion, technological advancement, and other factors affecting it. The prediction of its future growth depends on current trends and further development. The industry segmentations bifurcate across the following segments:

Market Divided into, By Vehicle Type

-Passenger Car

-Light Commercial Vehicle (LCV)

-Buses and Trucks

-Medium and Heavy Commercial Vehicle (M&HCV)

-Two-Wheeler

-Off the Road (OTR)

-Three Wheeler

Market Divided into, By Demand Type

-OEMs

-Replacement

Market Divided into, By Tire Type

-Radial

-Bias

Market Divided into, By Sales Channel

-Dealer/Exclusive Outlets

-Online

-Others

Market Divided into, By Season

-All Season Tires

-Winter

By Price Category

-Low (Up to USD90)

-Medium (USD91-USD140

-High (Above USD140)

Market Divided into, By Rim Size

-Up to 12”

-12.1” to 15”

-15.1” to 18”

-18.1” to 20”

-20.1” to 22.5”

-22.6” to 26”

-26.1” to 35”

-35.1” to 47”

-Above 47”

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