The China Tire Market size is projected to grow at a CAGR of around 6.5% during the forecast period, i.e., 2022-27. According to MarkNtel Advisors Study.
China Tire Market 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.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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China Tire Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2021
-Historical Period: 2017 to 2020
-Forecast Period: 2022 to 2027
- By Type of Vehicles
- Passenger Car
- Light Commercial Vehicle
- Buses & Trucks
- Medium & Heavy Commercial Vehicles
- Off the Road (OTR)
- Two Wheelers
- Three Wheeler
- By Demand Category
- OEM
- Replacement
- By Type of Tire
- Radial
- Bias
- By Sales Channel
- Dealer/Exclusive Outlets
- Online
- Others
- By Season
- All season
- Winter
- By Price Category
- Low (Up to USD90)
- Medium (USD91-USD140
- High (Above USD140)
- By Rim Diameter
- 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”
- By Region
- North East & East
- North & North West
- South West & South Central
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Kumho, Hangzhou Zongche, Prinx, Double Coin, Cheng Shin, Hankook, Traingle, Sailun Jinyu, Giti Tire, and Aelous Tyre Co. Ltd are looking forward to strengthening their market positions.
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