World Tires to 2015

Published: February 2012
No. of Pages: 478
  

World tire demand is forecast to rise 4.7 percent per year through 2015 to 3.3 billion units. In dollar terms, the tire market is projected to advance 6.5 percent annually through 2015 to $220 billion. The large motor vehicle tire market will see an acceleration in growth through 2015 following a period of weakness between 2005 and 2010, as the motor vehicle industries in many important producing countries rebound. The strongest gains will be registered by the industrial and other tires segment, which includes a variety of tire types, including bicycle, motorcycle and off-road tires.

Asia/Pacific to solidify status as dominant region

The Asia/Pacific region is by far the largest market for tires, accounting for over half of global tire sales in 2010. In addition, the region will register the strongest growth in tire demand through 2015, despite the fact that the large Japanese tire market is expected to see extremely sluggish growth as the motor vehicle industry in that country posts modest output gains. The massive Chinese tire market, which singlehandedly accounted for more than one-quarter of global tire demand in 2010, will record the strongest gains of any country through 2015. Although the majority of tire demand in China is comprised of non-motor vehicle tires, sales of motor ehicle tires in the country are the second highest in the world, behind only the US. The tire markets in North America and Western Europe will continue to see advances below the global average, although both regions will rebound somewhat from the declines recorded during the 2005 to 2010 period.

Motor vehicles to remain largest tire market

Tires for motor vehicles, which accounted for over 60 percent of all tire demand in 2010, are expected to remain the largest segment of the tire market in 2015. Vehicle utilization rates are forecast to increase worldwide as income levels rise, allowing a greater share of the population to own vehicles. This growth will bolster demand for both OEM and replacement motor vehicle tires, especially for light vehicles. 

However, the industrial and other tire market will register the strongest gains of any tire segment through 2015. Although this segment includes a wide range of tires, the vast majority of demand is comprised of bicycle and motorcycle tires used in developing nations worldwide. The Asia/Pacific region will account for more than 90 percent of growth in unit terms through 2015. The massive size of the industrial and other tire segment in that region is reflective of both the large population levels, as well as the low motor vehicle utilization rates, except in Japan and South Korea. Tires employed in other applications -- including agricultural, construction and mining equipment, and airplanes -- will account for some of the increases in sales, but are utilized in much lower numbers than bicycle and motorcycle tires on a worldwide basis.

The Asia/Pacific region will register the fastest gains in production of any region through 2015. Advances in China will be especially strong, with the country accounting for 63 percent of global tire output gains through 2015 in unit terms. Increases throughout the region will be spurred by significant foreign investment in tire manufacturing operations as large global companies attempt to capitalize on Asia’s low labor costs, as well as new sales opportunities in local markets.

Study Coverage

This study, World Tires, presents historical demand data (2000, 2005, 2010) and forecasts for 2015 and 2020 by market, world region and for 30 major countries. The study also considers market environment factors, evaluates company market share and profiles 32 global industry competitors.

Company Profiles

Profiles 32 global players such as Bridgestone, Continental, Goodyear, Michelin, Pirelli, Sumitomo and more.

World Tires to 2015

Table of Contents

INTRODUCTION                                                       

I.    EXECUTIVE SUMMARY                              

II.    MARKET ENVIRONMENT                              
        General                               
        World Economic Environment                         
           Recent Historical Trends                         
           World Economic Outlook                         
        World Population Overview                         
        World Motor Vehicle Production                         
        World Motor Vehicles in Use                         
        World Gross Fixed Investment Outlook                     
        Pricing Patterns                             
        Technology                                 
        Retreaded, Regrooved & Used Tires                     
        Legal & Regulatory Environment                         

III.    WORLD SUPPLY & DEMAND                             
        General                                     
        Regional Overview                             
           Demand                                 
           Production                                 
           Production Capacity                             
           International Trade                             
        Demand by Market                             
           Light Vehicle                             
              OEM                                 
              Replacement                             
           Medium & Heavy Vehicle                         
              OEM                                 
              Replacement                             
           Industrial & Other                             

IV.    NORTH AMERICA                                 
        North America                                 
           Economic & Vehicle Overview                         
           Tire Supply & Demand                             
           Tire Production Capacity                         
        United States                                 
        Canada                                     
        Mexico                                     

V.    WESTERN EUROPE                                 
        Western Europe                                
           Economic & Vehicle Overview                        
           Tire Supply & Demand                            
           Tire Production Capacity                        
        Germany                                    
        France                                    
        Italy                                    
        United Kingdom                                
        Spain                                    
        Netherlands                                
        Belgium                                    
        Portugal                                
        Sweden                                    
        Other Western Europe                            

VI.    ASIA/PACIFIC                                
        Asia/Pacific                                
           Economic & Vehicle Overview                        
           Tire Supply & Demand                            
           Tire Production Capacity                        
        China                                    
        Japan                                    
        India                                    
        Indonesia                                
        South Korea                                
        Thailand                                
        Vietnam                                    
        Australia                                
        Malaysia                                
        Taiwan                                    
        Other Asia/Pacific                            

VII.    OTHER REGIONS                                
        Central & South America                            
           Economic & Vehicle Overview                        
           Tire Supply & Demand                            
           Tire Production Capacity                        
           Brazil                                
           Other Central & South America                    
        Eastern Europe                                
           Economic & Vehicle Overview                        
           Tire Supply & Demand                            
           Tire Production Capacity                        
           Russia                                
           Poland                                
           Ukraine                                
           Czech Republic                            
           Other Eastern Europe                            
        Africa/Mideast                                
           Economic & Vehicle Overview                        
           Tire Supply & Demand                            
           Tire Production Capacity                        
           Turkey                                
           Iran                                    
           South Africa                                
           Other Africa/Mideast                            

VIII.    INDUSTRY STRUCTURE                            
        General                                    
        Market Share & Industry Concentration                    
        Acquisitions, Divestitures & Industry Restructuring            
        Cooperative Agreements                            
        Marketing & Distribution                        
        Competitive Strategies                            
        Research & Development                            
        Company Profiles                            
           Aeolus Tyre Company Limited                        
           Apollo Tyres Limited                            
           Belshina OJSC                            
           Bridgestone Corporation                        
           Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret AS        
           CGS as                                
           Cheng Shin Rubber Industries Company Limited                
           Continental AG                            
           Cooper Tire & Rubber Company                        
           Cordiant-Vostok CJSC, see SIBUR-Russian Tyres
           Double Coin Holdings Limited                        
           Giti Tire China Investment Company Limited                
           Goodyear Tire & Rubber Company                    
           GTY Tire, see Continental and Yokohama Rubber
           Hangzhou Zhongce Rubber Company Limited                
           Hankook Tire Company Limited                        
           JK Tyre & Industries Limited                        
           Kumho Tire Company Incorporated                    
           Marangoni SpA                            
           Maxxis International, see Cheng Shin Rubber Industries
           Michelin Group                            
           MITAS as, see CGS as
           Modi Tyres, see Continental
           MRF Limited                                
           NEXEN Tire Corporation                        
           Nizhnekamskshina, see TATNEFT
           Nokian Tyres plc                            
           Pirelli & C. SpA                            
           PT Gajah Tunggal Tbk                            
           Qingdao Doublestar Company Limited                    
           Shandong Linglong Rubber Company Limited                
           Shandong Silverstone Luhe Rubber & Tyre, see Toyo Tire & Rubber
           SIBUR Holding CJSC                            
           SIBUR-Russian Tyres OJSC                        
           Sumitomo Industries Limited                        
           TATNEFT OAO                                
           Titan International Incorporated                    
           Toyo Tire & Rubber Company Limited                    
           Triangle Group Company Limited                    
           Xingyuan Group                            
           Yokohama Rubber Company Limited                    
        Other Companies Mentioned in Study                    


LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
        Summary Table                       

SECTION II -- MARKET ENVIRONMENT
    1    World Gross Domestic Product by Region                     
    2    World Population by Region                         
    3    World Motor Vehicle Production                         
    4    World Motor Vehicles in Use                         
    5    World Gross Fixed Investment by Region                     
    6    World Tire Pricing                             

SECTION III -- WORLD SUPPLY & DEMAND
    1    World Tire Demand by Region                         
    2    World Tire Production by Region                         
    3    World Tire Production Capacity by Region, Year-End 2010             
    4    World Tire Net Exports by Region                     
    5    World Tire Demand by Market                         
    6    World Light Vehicle Tire Demand by Application & Region             
    7    World Medium & Heavy Vehicle Tire Demand by Application
& Region                                 
    8    World Industrial & Other Tire Demand by Region                 

SECTION IV -- NORTH AMERICA
    1    North America: Market Environment for Tires                 
    2    North America: Tire Supply & Demand           
    3    North America: Tire Production Capacity by Country,
Year-End 2010                             
    4    United States: Market Environment for Tires                 
    5    United States: Tire Supply & Demand                     
    6    United States: Tire Production Capacity by Company, Year-End 2010                             
    7    Canada: Market Environment for Tires                     
    8    Canada: Tire Supply & Demand                         
    9    Canada: Tire Production Capacity by Company, Year-End 2010                             
    10    Mexico: Market Environment for Tires                     
    11    Mexico: Tire Supply & Demand                         
    12    Mexico: Tire Production Capacity by Company, Year-End 2010                                 

SECTION V -- WESTERN EUROPE
    1    Western Europe: Market Environment for Tires                 
    2    Western Europe: Tire Supply & Demand                     
    3    Western Europe: Tire Production Capacity by Country, Year-End 2010                             
    4    Germany: Market Environment for Tires                     
    5    Germany: Tire Supply & Demand                        
    6    Germany: Tire Production Capacity by Company, Year-End 2010                            
    7    France: Market Environment for Tires                    
    8    France: Tire Supply & Demand                        
    9    France: Tire Production Capacity by Company, Year-End 2010                            
    10    Italy: Market Environment for Tires                    
    11    Italy: Tire Supply & Demand                        
    12    Italy: Tire Production Capacity by Company, Year-End 2010                            
    13    United Kingdom: Market Environment for Tires                
    14    United Kingdom: Tire Supply & Demand                    
    15    United Kingdom: Tire Production Capacity by Company, Year-End 2010                            
    16    Spain: Market Environment for Tires                    
    17    Spain: Tire Supply & Demand                        
    18    Spain: Tire Production Capacity by Company, Year-End 2010                                            
    19    Netherlands: Market Environment for Tires                
    20    Netherlands: Tire Supply & Demand                    
    21    Belgium: Market Environment for Tires                    
    22    Belgium: Tire Supply & Demand                        
    23    Portugal: Market Environment for Tires                    
    24    Portugal: Tire Supply & Demand                        
    25    Portugal: Tire Production Capacity by Company, Year-End 2010                            
    26    Sweden: Market Environment for Tires                    
    27    Sweden: Tire Supply & Demand                        
    28    Other Western Europe: Market Environment for Tires            
    29    Other Western Europe: Tire Supply & Demand                
    30    Other Western Europe: Tire Production Capacity by Company, Year-End 2010                            

SECTION VI -- ASIA/PACIFIC
    1    Asia/Pacific: Market Environment for Tires                
    2    Asia/Pacific: Tire Supply & Demand                    
    3    Asia/Pacific: Tire Production Capacity by Country, Year-End 2010                                
    4    China: Market Environment for Tires                    
    5    China: Tire Supply & Demand                        
    6    China: Tire Production Capacity by Company, Year-End 2010                            
    7    Japan: Market Environment for Tires                    
    8    Japan: Tire Supply & Demand                        
    9    Japan: Tire Production Capacity by Company, Year-End 2010                            
    10    India: Market Environment for Tires                    
    11    India: Tire Supply & Demand                        
    12    India: Tire Production Capacity by Company, Year-End 2010                                
    13    Indonesia: Market Environment for Tires                    
    14    Indonesia: Tire Supply & Demand                        
    15    Indonesia: Tire Production Capacity by Company, Year-End 2010                            
    16    South Korea: Market Environment for Tires                
    17    South Korea: Tire Supply & Demand                    
    18    South Korea: Tire Production Capacity by Company, Year-End 2010                            
    19    Thailand: Market Environment for Tires                    
    20    Thailand: Tire Supply & Demand                        
    21    Thailand: Tire Production Capacity by Company, Year-End 2010                            
    22    Vietnam: Market Environment for Tires                    
    23    Vietnam: Tire Supply & Demand                        
    24    Vietnam: Tire Production Capacity by Company, Year-End 2010                            
    25    Australia: Market Environment for Tires                    
    26    Australia: Tire Supply & Demand                        
    27    Malaysia: Market Environment for Tires                    
    28    Malaysia: Tire Supply & Demand                        
    29    Malaysia: Tire Production Capacity by Company, Year-End 2010                            
    30    Taiwan: Market Environment for Tires                    
    31    Taiwan: Tire Supply & Demand                        
    32    Taiwan: Tire Production Capacity by Company, Year-End 2010                            
    33    Other Asia/Pacific: Market Environment for Tires            
    34    Other Asia/Pacific: Tire Supply & Demand                
    35    Other Asia/Pacific: Tire Production Capacity by Country & Company, Year-End 2010                        

SECTION VII -- OTHER REGIONS
    1    Central & South America: Market Environment for Tires            
    2    Central & South America: Tire Supply & Demand                
    3    Central & South America: Tire Production Capacity by Country, Year-End 2010   

    4    Brazil: Market Environment for Tires                    
    5    Brazil: Tire Supply & Demand                        
    6    Brazil: Tire Production Capacity by Company, Year-End 2010                            
    7    Other Central & South America: Market Environment for Tires                                
    8    Other Central & South America: Tire Supply & Demand            
    9    Other Central & South America: Tire Production Capacity by Country & Company, Year-End 2010                    
    10    Eastern Europe: Market Environment for Tires                
    11    Eastern Europe: Tire Supply & Demand                    
    12    Eastern Europe: Tire Production Capacity by Country, Year-End 2010                            
    13    Russia: Market Environment for Tires                    
    14    Russia: Tire Supply & Demand                        
    15    Russia: Tire Production Capacity by Company, Year-End 2010                                
    16    Poland: Market Environment for Tires                    
    17    Poland: Tire Supply & Demand                        
    18    Poland: Tire Production Capacity by Company, Year-End 2010                            
    19    Ukraine: Market Environment for Tires                    
    20    Ukraine: Tire Supply & Demand                        
    21    Ukraine: Tire Production Capacity by Company, Year-End 2010                            
    22    Czech Republic: Market Environment for Tires                
    23    Czech Republic: Tire Supply & Demand                    
    24    Czech Republic: Tire Production Capacity by Company, Year-End 2010                            
    25    Other Eastern Europe: Market Environment for Tires            
    26    Other Eastern Europe: Tire Supply & Demand                
    27    Other Eastern Europe: Tire Production Capacity by Company, Year-End 2010                 

    28    Africa/Mideast: Market Environment for Tires                
    29    Africa/Mideast: Tire Supply & Demand                    
    30    Africa/Mideast: Tire Production Capacity by Country, Year-End 2010                            
    31    Turkey: Market Environment for Tires                    
    32    Turkey: Tire Supply & Demand                        
    33    Turkey: Tire Production Capacity by Company, Year-End 2010                            
    34    Iran: Market Environment for Tires                    
    35    Iran: Tire Supply & Demand                        
    36    Iran: Tire Production Capacity by Company, Year-End 2010                                
    37    South Africa: Market Environment for Tires                
    38    South Africa: Tire Supply & Demand                    
    39    South Africa: Tire Production Capacity by Company, Year-End 2010                            
    40    Other Africa/Mideast: Market Environment for Tires            
    41    Other Africa/Mideast: Tire Supply & Demand                
    42    Other Africa/Mideast: Tire Production Capacity by Country & Company, Year-End 2010                        

SECTION VIII -- INDUSTRY STRUCTURE
    1    World Tire Sales by Company, 2010                    
    2    Selected Acquisitions & Divestitures                    
    3    Selected Cooperative Agreements                        


LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT
    1    World Tire Pricing, 2000-2020                         

SECTION III -- WORLD SUPPLY & DEMAND
    1    World Tire Demand by Region, 2010                     
    2    Increase in Annual Tire Demand from 2010 to 2015 by Region         
    3    World Tire Demand: Projected 2010-2015 Annual Rate of Growth
    4    World Tire Production by Region, 2010                     
    5    Increase in Annual Tire Production from 2010 to 2015 by Region         
    6    World Tire Demand by Market, 2010                     

SECTION IV -- NORTH AMERICA
    1    North America: Tire Supply & Demand by Country, 2010             

SECTION V -- WESTERN EUROPE
    1    Western Europe: Tire Supply & Demand by Country, 2010             

SECTION VI -- ASIA/PACIFIC
    1    Asia/Pacific: Tire Supply & Demand by Country, 2010            

SECTION VII -- OTHER REGIONS
    1    Eastern Europe: Tire Supply & Demand by Country, 2010            
    2    Africa/Mideast: Tire Supply & Demand by Country, 2010            

SECTION VIII -- INDUSTRY STRUCTURE
    1    World Tire Market Share, 2010                        
 

Published By: Freedonia Group
Product Code: Freedonia Group43


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