China Tire Industry Evolving Demand

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• Chinese Agricultural Tire Industry To Flourish
  Via Forthcoming Improvements In Tire
  Production-Ken Research

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• Agricultural Tires basically refers to the tires
  that are manufactured using wheels and modified
  for use in farming related equipments like
  tractors, combines, sprayers and skid steer
  loaders. Such tires are durable enough on or off
  the agricultural field.
• The industry research report titled, China
  Agricultural Tire Industry Situation and
  Prospects Research report is a professional and
  in-depth investigation carried out to evaluate
  the recent situation of the Agricultural Tire
  industry. It provides a comprehensive analysis to
  its users involving the integrity of logic and
  totality of contents. Basically, the report
  provides an outlay of the industry including
  specific definitions, classifications,
  applications and industry chain structure along
  with a market analysis for the international
  market including development history, competitive
  landscape analysis, and major regions'
  development status. Also, the development plans
  and policies are well discussed along with
  manufacturing processes and cost structures.

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• The tire market is majorly segmented by (a)
  Product Types, with production, revenue, price,
  and market share and growth rate of each type,
  further classified into Radial Tire and Bias Tire
  and (b) by applications, focusing on consumption,
  market share and growth rate of Agricultural Tire
  in each application, which includes Tractors,
  Harvesters, Trailers and Other.
• The Agricultural Tire in China market, mainly
  caters to the markets of North China, South
  China, Northeast China, Southeast Coastal Area
  wherein the major market players namely
  include-Michelin, Bridgestone, Pirelli,
  Trelleborg, AGT, BKT, Mitas, Sumitomo, Nokian and
  Titan International.

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• A steady growth has been witnessed in the global
  automobile market and the related robust growth
  of Chinese automobile market has further
  triggered the tire market to recover slightly
  over the years. The global tire shipment has
  witnessed a rise by 2 year on year to 1.963
  billion, and relatively China's automotive tire
  output has reached up 1.2 to 572 million. In the
  next few years, Chinese automotive tire market is
  expected to develop by around 4 as the sluggish
  economic scenario is all set to ameliorate since
  the world gross product is forecasted to augment
  by 2.9 per cent in 2018, leading to a recovery of
  the economy making it stable enough to relish an
  ongoing global demand.
• Considering the enterprises Bridgestone,
  Michelin, Goodyear, Continental and Pirelli have
  been ranked amongst the top five industry players
  in the world. Through the fast-growing Chinese
  automobile market the world's major tire giants
  have managed to deploy their production bases
  in China and also amplified their investment for
  overall expansion in the recent years, for
  instance, Continental started its Phase III
  project in Hefei in November 2015 so as to level
  up the capacity in China to 14 million tires per
  annum, and Goodyear conducted the expansion
  of Dalian Plant in November 2016 with a new
  capacity of 5 million tires per annum.

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• China's key local manufacturers have uplifted the
  overseas layout in a bid to avoid the influence
  of anti-dumping and countervailing investigations
  from US in order to be prepared well in advance
  and ensure that the growth of this industry is
  not hampered. The acceleration in the layout
  involves the following- China's first-ranked
  Hangzhou Zhongce Rubber has set up a tire factory
  in Thailand Linglong Tire's Thai Factory Phase I
  was put to function in 2016 and Phase II has been
  undergoing construction Double Coin opened its
  first overseas factory in Thailand in July 2016.
• Associated with the relevant linkages between
  demand, investment, trade and productivity the
  inert global growth is foreseen to ameliorate and
  thereby revive the overall investments in the
  industry further leading to a speedy recovery in
  productivity. Moreover, with the futuristic
  concept of Sustainable Development Goals (SDGs)
  which are specifically the goals of removing
  extreme poverty and generating decent
  employment opportunities for all the industry
  on a whole will benefit since all the industries
  in the global economy will experience positive
  shifts towards development.

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• In addition, the trends of corporate integration
  in the industry have been very much obvious in
  2017 and the global tractor tires market is
  further likely to grow at a decent CAGR of around
  5.06 in terms of shipment by 2022. The demand
  for agricultural tractor tires is anticipated to
  experience a slow growth initially majorly due to
  the growth of replacement market.
• Radial-ply tires have been observed as the latest
  ones prevailing in the market and have proved to
  be more efficient than bias-ply tires. Nowadays,
  tires are highly engineered and are more capable
  of carrying more weight, efficient, and render
  less impact on the terrain than before with the
  support of LSW technology through which the inner
  wheel diameter has been increased while keeping
  the outer diameter unchanged. Such ongoing
  advancements in the agricultural tractor tires
  technology is expected to be one of the latest
  trends, which is going to drive the market demand
  in the upcoming years.
• Other emerging trends with the passage of time
  will include- growing demand for green
  agriculture tractor tires, increasing demand for
  wider agricultural tires and increasing farm
  mechanization especially in developing countries
  such as India, China, and Thailand. As a result,
  in 2022, The Asia Pacific is projected to reckon
  for a major share i.e. more than about 71 of the
  global agricultural tire industry.

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Key Topics Covered In The Report

• China Agricultural Tire Market Research Report
• China Tire Manufacturing Industry Analysis
• China Farm Tire Market Trends and Opportunities
• China Tire Industry Evolving Demand
• China Agricultural Tire Market Size and Growth
• China Tractor Tire Market Production Volume
• China Agricultural Tire Market Major
  Manufacturers
• China High Flexion Tractor Tires Upcoming
  Advancements
• China Tire Market Segmentation Insights
• China Rubber Industry Sales Revenue
• Asia Pacific Tire Market Production Statistics

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• https//www.kenresearch.com/agriculture-and-animal
  -care/agriculture-equipment/china-agricultural-tir
  e-industry-situation-and-prospects-research-report
  /145181-104.html
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• https//www.kenresearch.com/agriculture-and-animal
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•  
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