Current Overall Development Status and Outlook of Chinese Tire Industry
The current economic operation status of the Chinese tire industry was introduced,the impact of three major markets of export,OE and maintenance and replacement was analyzed,the changing characteristics and prominent problems in the development of the tire industry were pointed out,and prospects for the development of the tire industry in 2024 were provided.The economic performance of the domestic tire industry was better than expected in 2023.The booming domestic tire exports and the significant increase in domestic automobile production and sales had benefited tire OE far beyond expectations.The consumption of semi-steel and all steel radial tires in the replacement and maintenance market had shown certain growth.The currently facing prominent problems were still the structural overcapacity of production capacity,the trade frictions and barriers aiming at domestic tire products expanding to overseas bases,the development relying on independent innovation and continuous increasing in scientific research investment,meeting the requirements of low-carbon development and carbon neutrality,and an urgent need for digitization and intelligence to drive tire manufacturing.In 2024,domestic tire production will maintain a slight growth,the tire industry should have firm confidence,adhere to technological and management innovation,attach importance to low-carbon research,commit to tire carbon neutrality,pay attention to and respond to changes in raw material supply and prices,and grasp the three major markets,so as to achieve strength and expansion.
tire industrygreen and low-carboninnovation transformationtire OE