World Tires to 2019

Published: November 2015
No. of Pages: 442
   

World demand to rise 4.1% annually through 2019

Worldwide demand for tires is projected to increase 4.1 percent per year to 3.0 billion units in 2019. In value terms, sales of tires are forecast to grow 7.1 percent per annum to $258 billion. Increasing incomes in developing regions will spur growth in the number of vehicles in use, fueling demand for tires. Higher income levels and expanding economic activity will also contribute to increases in average annual vehicle mileage, boosting the frequency of tire replacement. However, growth will be constrained somewhat by rising tire quality, which will exert downward pressure on replacement rates.

Motor vehicles to remain dominant market for tires

The motor vehicle market will remain the largest outlet for tire demand, accounting for over half of the total in 2019. Demand for tires in this market will rise to 2.0 billion units, at an annual rate that will trail the global average. Western Europe and North America are particularly sig-nificant in the motor vehicle market, representing 40 percent of demand in this market compared to 10 percent in other markets. This is a reflection of the wealth of these regions, which support high levels of motor vehicle ownership and consequently sizable replacement tire demand. Demand for tires in motorcycle and other applications is projected to outpace the global average and reach 990 million units in 2019. Tire sales in this market are concentrated in fast growing developing regions, where motorcycles see heavy use as a low-cost substitute for motor vehicles. Sales of tires in other applications, such as aircraft, tractors, and industrial vehicles, will also grow at a healthy pace as manufacturing and usage of these vehicles increase.

Asia/Pacific region to offer best growth opportunities

The Asia/Pacific region holds the largest share of the world tire market and is fore-cast to post the fastest growth in demand through 2019. China, which accounted for one-fourth of global tire demand in 2014, will remain one of the most rapidly increasing national markets for tires. Several other countries in the Asia/Pacific region are also projected to achieve rapid advances in tire demand, particularly in India, Indonesia, Thailand, and Vietnam. However, the regional pace of growth will be constrained by a contraction in Japan, which holds the world’s fourth largest market for tires. The developing Africa/Mideast region and Central and South America will also register above average gains in tire sales, although both of these regions will remain below six percent of the global total in 2019.

Growth in North America, Western Europe to trail global average

Growth in demand for tires in North America and Western Europe is projected to trail the global average through 2019. Replacement tire markets in these regions are mature, as vehicle ownership rates are already very high. In addition, motor vehicle manufacturers have shifted their emphasis to siting facilities in developing regions, and many plants in Western Europe have been permanently closed, limiting opportunities for tires in OEM applications. Demand for tires in Eastern Europe will trail the global average but comfortably outperform Western Europe, fueled by increased manufacturing of vehicles for export.

Company Profiles

Profiles 31 global industry players including PetroChina, Sinopec, Marathon Petroleum, Royal Dutch Shell, Exxon Mobil, BP & Nynas

Additional Information

This study analyzes the world tire industry. Tire production and sales refer to tires used on automobiles, light trucks and vans, medium and heavy trucks, medium and heavy buses, motorcycles, specialty vehicles used on roadways such as fire trucks and ambulances, off-road vehicles (e.g., forklifts, agricultural vehicles, mining vehicles, airport tugs, etc.), and airplanes. Tire sales include both the OEM (original equipment manufacturers) and replacement (or aftermarket) segments. Retread tires are excluded from tire production and sales data, as are bicycle tires.

All tire capacity numbers have been listed in units per year. When converting published daily plant capacity data into annual capacity format, an assumption is made that there are 350 working days per calendar year in all countries. In addition, one metric ton of tires is assumed to be equivalent to 90 light motor vehicle tires. Appropriate adjustments were made for plants that primarily produce large heavy truck and bus tires or smaller specialty tires. 

World Tires to 2019

Table of Contents

Introduction XI

I. Executive Summary 1

II. Market Environment 4
General 4
World Economic Overview 5
Recent Historical Trends 5
World Economic Outlook 6
World Population Overview 9
World Motor Vehicle Production 12
World Motor Vehicles in Use 15
Pricing Patterns 18
Technology 21
Retreaded, Regrooved, & Used Tires 23
Legal & Regulatory Overview 24

III. Overview 29
General 29
Regional Overview 30
Demand 30
Production 35
Production Capacity 37
International Trade 40
Demand by Market 42
Light Vehicle 44
Medium & Heavy Vehicle 47
Motorcycle 51
Industrial & Other 54

IV. North America 56
General 56
Tire Supply & Demand 57
Tire Market Outlook 60
Tire Production Capacity 62
United States 63
Canada 75
Mexico 80

V. Western Europe 88
General 88
Tire Supply & Demand 89
Tire Market Outlook 93
Tire Production Capacity 94
Germany 96
France 103
Italy 110
United Kingdom 117
Spain 123
Other Western Europe 128

VI. Asia/Pacific 137
General 137
Tire Supply & Demand 138
Tire Market Outlook 142
Tire Production Capacity 144
China 146
India 159
Japan 168
Indonesia 175
South Korea 184
Thailand 191
Vietnam 200
Malaysia 207
Australia 214
Taiwan 218
Other Asia/Pacific 226

VII. Other Regions 234
Central & South America 234
General 234
Tire Supply & Demand 235
Tire Market Outlook 238
Tire Production Capacity 239
Brazil 240
Argentina 247
Other Central & South America 253
Eastern Europe 261
General 261
Tire Supply & Demand 263
Tire Market Outlook 265
Tire Production Capacity 266
Russia 268
Poland 276
Other Eastern Europe 281
Africa/Mideast 290
General 290
Tire Supply & Demand 292
Tire Market Outlook 294
Tire Production Capacity 296
Turkey 297
Iran 304
South Africa 311
Other Africa/Mideast 318

VIII. Industry Structure 327
General 327
Market Share & Industry Concentration 328
Acquisitions, Divestitures, & Industry Restructuring 334
Cooperative Agreements 337
Marketing & Distribution 342
Competitive Strategies 343
Research & Development 345
Company Profiles 346
Aeolus Tyre Company Limited 347
Apollo Tyres Limited 348
Belshina OJSC 350
Bridgestone Corporation 351
CGS Holding as 357
Cheng Shin Rubber Industries Company Limited 360
Continental AG 362
Cooper Tire & Rubber Company 367
Cordiant JSC 371
Double Coin Holdings Limited 373
Giti Tire Private Limited 374
Goodyear Tire & Rubber Company 377
GTY Tire, see Continental and Yokohama Rubber Hangzhou Zhongce Rubber Company Limited 383
Hankook Tire Company Limited 384
JK Tyre & Industries Limited 387
Kumho Tire Company Incorporated 388
Michelin Group 391
MITAS as, see CGS Holding as MRF Limited 398
NEXEN Corporation 400
NEXEN Tire Corporation 401
Nokian Tyres plc 402
Pirelli & C. SpA 405
PT Evoluzione Tyres, see Pirelli & C. PT Gajah Tunggal Tbk, see Giti Tire Private Qingdao Doublestar Tire Industrial Company Limited 410
Shandong Linglong Tire Company Limited 411
Sumitomo Rubber Industries Limited 412
Tatneft JSC 417
Titan International Incorporated 418
Toyo Tire & Rubber Company Limited 420
Triangle Group Company Limited 423
Vianor Holding, see Nokian Tyres Voltyre-Prom JSC, see Titan International Xingyuan Group 424
Yokohama Rubber Company Limited 425
Other Companies Mentioned in Study 430

List of Tables

Section I -- Executive Summary
Summary Table 3

Section II -- Market Environment
1 World Gross Domestic Product by Region 9
2 World Population by Region 11
3 World Motor Vehicle Production 14
4 World Motor Vehicles in Use 17
5 World Tire Pricing 20

Section III -- Overview
1 World Tire Demand by Region 32
2 World Tire Production by Region 36
3 World Tire Production Capacity by Region, Year-End 2014 39
4 World Tire Net Exports by Region 41
5 World Tire Demand by Market 43
6 World Light Vehicle Tire Demand by Application & Region 45
7 World Medium & Heavy Vehicle Tire Demand by Application & Region 49
8 World Motorcycle Tire Demand by Application & Region 53
9 World Industrial & Other Tire Demand by Region 55

Section IV -- North America
1 North America: Tire Supply & Demand 58
2 North America: Tire Demand by Market 61
3 North America: Tire Production Capacity by Country, Year-End 2014 63
4 United States: Tire Supply & Demand 67
5 United States: Tire Demand by Market 70
6 United States: Tire Production Capacity by Company, Year-End 2014 74
7 Canada: Tire Supply & Demand 77
8 Canada: Tire Demand by Market 79
9 Canada: Tire Production Capacity by Company, Year-End 2014 80
10 Mexico: Tire Supply & Demand 83
11 Mexico: Tire Demand by Market 85
12 Mexico: Tire Production Capacity by Company, Year-End 2014 87

Section V -- Western Europe
1 Western Europe: Tire Supply & Demand 91
2 Western Europe: Tire Demand by Market 94
3 Western Europe: Tire Production Capacity by Country, Year-End 2014 96
4 Germany: Tire Supply & Demand 99
5 Germany: Tire Demand by Market 101
6 Germany: Tire Production Capacity by Company, Year-End 2014 103
7 France: Tire Supply & Demand 106
8 France: Tire Demand by Market 108
9 France: Tire Production Capacity by Company, Year-End 2014 110
10 Italy: Tire Supply & Demand 113
11 Italy: Tire Demand by Market 115
12 Italy: Tire Production Capacity by Company, Year-End 2014 116
13 United Kingdom: Tire Supply & Demand 119
14 United Kingdom: Tire Demand by Market 121
15 United Kingdom: Tire Production Capacity by Company, Year-End 2014 122
16 Spain: Tire Supply & Demand 125
17 Spain: Tire Demand by Market 127
18 Spain: Tire Production Capacity by Company, Year-End 2014 128
19 Other Western Europe: Tire Supply & Demand 132
20 Other Western Europe: Tire Demand by Market 134
21 Other Western Europe: Tire Production Capacity by Country & Company, Year-End 2014 136

Section VI -- Asia/Pacific
1 Asia/Pacific: Tire Supply & Demand 140
2 Asia/Pacific: Tire Demand by Market 144
3 Asia/Pacific: Tire Production Capacity by Country, Year-End 2014 146
4 China: Tire Supply & Demand 151
5 China: Tire Demand by Market 154
6 China: Tire Production Capacity by Company, Year-End 2014 157
7 India: Tire Supply & Demand 162
8 India: Tire Demand by Market 164
9 India: Tire Production Capacity by Company, Year-End 2014 167
10 Japan: Tire Supply & Demand 171
11 Japan: Tire Demand by Market 173
12 Japan: Tire Production Capacity by Company, Year-End 2014 175
13 Indonesia: Tire Supply & Demand 178
14 Indonesia: Tire Demand by Market 180
15 Indonesia: Tire Production Capacity by Company, Year-End 2014 183
16 South Korea: Tire Supply & Demand 187
17 South Korea: Tire Demand by Market 189
18 South Korea: Tire Production Capacity by Company, Year-End 2014 191
19 Thailand: Tire Supply & Demand 194
20 Thailand: Tire Demand by Market 196
21 Thailand: Tire Production Capacity by Company, Year-End 2014 198
22 Vietnam: Tire Supply & Demand 203
23 Vietnam: Tire Demand by Market 205
24 Vietnam: Tire Production Capacity by Company, Year-End 2014 207
25 Malaysia: Tire Supply & Demand 210
26 Malaysia: Tire Demand by Market 212
27 Malaysia: Tire Production Capacity by Company, Year-End 2014 213
28 Australia: Tire Supply & Demand 216
29 Australia: Tire Demand by Market 218
30 Taiwan: Tire Supply & Demand 221
31 Taiwan: Tire Demand by Market 223
32 Taiwan: Tire Production Capacity by Company, Year-End 2014 225
33 Other Asia/Pacific: Tire Supply & Demand 228
34 Other Asia/Pacific: Tire Demand by Market 230
35 Other Asia/Pacific: Tire Production Capacity by Country & Company, Year-End 2014 232

Section VII -- Other Regions
1 Central & South America: Tire Supply & Demand 237
2 Central & South America: Tire Demand by Market 239
3 Central & South America: Tire Production Capacity by Country, Year-End 2014 240
4 Brazil: Tire Supply & Demand 243
5 Brazil: Tire Demand by Market 245
6 Brazil: Tire Production Capacity by Company, Year-End 2014 247
7 Argentina: Tire Supply & Demand 250
8 Argentina: Tire Demand by Market 252
9 Argentina: Tire Production Capacity by Company, Year-End 2014 253
10 Other Central & South America: Tire Supply & Demand 256
11 Other Central & South America: Tire Demand by Market 258
12 Other Central & South America: Tire Production Capacity by Country & Company, Year-End 2014 260
13 Eastern Europe: Tire Supply & Demand 264
14 Eastern Europe: Tire Demand by Market 266
15 Eastern Europe: Tire Production Capacity by Country, Year-End 2014 268
16 Russia: Tire Supply & Demand 271
17 Russia: Tire Demand by Market 273
18 Russia: Tire Production Capacity by Company, Year-End 2014 275
19 Poland: Tire Supply & Demand 278
20 Poland: Tire Demand by Market 280
21 Poland: Tire Production Capacity by Company, Year-End 2014 281
22 Other Eastern Europe: Tire Supply & Demand 284
23 Other Eastern Europe: Tire Demand by Market 286
24 Other Eastern Europe: Tire Production Capacity by Country & Company, Year-End 2014 288
25 Africa/Mideast: Tire Supply & Demand 293
26 Africa/Mideast: Tire Demand by Market 295
27 Africa/Mideast: Tire Production Capacity by Country, Year-End 2014 297
28 Turkey: Tire Supply & Demand 300
29 Turkey: Tire Demand by Market 302
30 Turkey: Tire Production Capacity by Company, Year-End 2014 304
31 Iran: Tire Supply & Demand 307
32 Iran: Tire Demand by Market 309
33 Iran: Tire Production Capacity by Company, Year-End 2014 311
34 South Africa: Tire Supply & Demand 314
35 South Africa: Tire Demand by Market 316
36 South Africa: Tire Production Capacity by Company, Year-End 2014 317
37 Other Africa/Mideast: Tire Supply & Demand 321
38 Other Africa/Mideast: Tire Demand by Market 323
39 Other Africa/Mideast: Tire Production Capacity by Company, Year-End 2014 325

Section VIII -- Industry Structure
1 World Tire Sales by Company, 2014 330
2 Selected Acquisitions & Divestitures 336
3 Selected Cooperative Agreements 339

List of Charts

Section II -- Market Environment
1 World Motor Vehicle Production by Region 15
2 World Motor Vehicles in Use by Region 18
3 World Tire Pricing, 2004-2024 20

Section III -- Overview
1 World Tire Demand by Region, 2014 33
2 Increase in Annual Tire Demand Between 2014 and 2019 by Region 33
3 World Tire Demand: Projected 2014-2019 Annual Rate of Growth 34
4 World Tire Production by Region, 2014 37
5 World Tire Production Capacity by Country, Year-End 2014 40
6 World Tire Demand by Market, 2014 43

Section IV -- North America
1 North America: Tire Supply & Demand by Country, 2014 59

Section V -- Western Europe
1 Western Europe: Tire Supply & Demand by Country, 2014 92

Section VI -- Asia/Pacific
1 Asia/Pacific: Tire Supply & Demand by Country, 2014 141

Section VIII -- Industry Structure
World Tire Market Share, 2014 331

Published By: Freedonia Group
Product Code: Freedonia Group491


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