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Global Tires Industry Report

Global Tires Industry Report

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Published by donnayoung5
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.
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.

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Published by: donnayoung5 on Feb 20, 2012
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World Tires to 2015
 Forecast Report
Published:
February 2012
 No. of Pages:
478
 Price:
US$5800Global Demand to Rise 4.7% Annually Through 2015
World tire demand is forecast to rise 4.7 percent per year through 2015 to 3.3 billion units. In dollarterms, the tire market is projected to advance 6.5 percent annually through 2015 to $220 billion. Thelarge motor vehicle tire market will see acceleration in growth through 2015 following a period of weakness between 2005 and 2010, as the motor vehicle industries in many important producingcountries 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 in2010. In addition, the region will register the strongest growth in tire demand through 2015, despite thefact that the large Japanese tire market is expected to see extremely sluggish growth as the motorvehicle industry in that country posts modest output gains. The massive Chinese tire market, whichsinglehandedly accounted for more than one-quarter of global tire demand in 2010, will record thestrongest gains of any country through 2015. Although the majority of tire demand in China is comprisedof 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 seeadvances below the global average, although both regions will rebound somewhat from the declinesrecorded 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 expectedto remain the largest segment of the tire market in 2015. Vehicle utilization rates are forecast toincrease 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 lightvehicles.However, the industrial and other tire market will register the strongest gains of any tire segmentthrough 2015. Although this segment includes a wide range of tires, the vast majority of demand iscomprised of bicycle and motorcycle tires used in developing nations worldwide. The Asia/Pacific regionwill account for more than 90 percent of growth in unit terms through 2015. The massive size of theindustrial and other tire segment in that region is reflective of both the large population levels, as wellas 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 accountfor some of the increases in sales, but are utilized in much lower numbers than bicycle and motorcycletires on a worldwide basis.The Asia/Pacific region will register the fastest gains in production of any region through 2015. Advancesin China will be especially strong, with the country accounting for 63 percent of global tire output gainsthrough 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 and2020 by market, world region and for 30 major countries. The study also considers market environmentfactors, evaluates company market share and profiles 32 global industry competitors.
 
Table of Contents
INTRODUCTIONI. EXECUTIVE SUMMARYII. MARKET ENVIRONMENTGeneralWorld Economic EnvironmentRecent Historical TrendsWorld Economic OutlookWorld Population OverviewWorld Motor Vehicle ProductionWorld Motor Vehicles in UseWorld Gross Fixed Investment OutlookPricing PatternsTechnologyRetreaded, Regrooved & Used TiresLegal & Regulatory EnvironmentIII. WORLD SUPPLY & DEMANDGeneralRegional OverviewDemandProduction
 
Production CapacityInternational TradeDemand by MarketLight VehicleOEMReplacementMedium & Heavy VehicleOEMReplacementIndustrial & OtherIV. NORTH AMERICANorth AmericaEconomic & Vehicle OverviewTire Supply & DemandTire Production CapacityUnited StatesCanadaMexicoV. WESTERN EUROPEWestern EuropeEconomic & Vehicle OverviewTire Supply & DemandTire Production CapacityGermanyFranceItalyUnited KingdomSpainNetherlandsBelgiumPortugalSwedenOther Western EuropeVI. ASIA/PACIFICAsia/PacificEconomic & Vehicle OverviewTire Supply & DemandTire Production CapacityChina

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