| In the Asian tire market, the overall situation is | | | | set up a new tire plant in Southeast Asia. Cooper will |
| boosted powerfully by Chinese and Indian markets | | | | add USD 10 million to improve the automatic |
| though Japanese tire market showed a downturn | | | | production level of its tire plants; meanwhile it |
| trend at the end of 2008. | | | | declares to improve the production capacity of its |
| In 2009, the auto sales volumes in Europe and USA | | | | plant in Texarkana and expand the production |
| declined compared with that in 2008. Nevertheless, | | | | facilities in Arkansas and Mississippi of USA, |
| with the growth of auto reserving volumes, the | | | | Guadalajara of Mexico and the joint venture in |
| demand for replacement tires drives the growth of | | | | Kunshan, China. |
| the whole tire market. | | | | In terms of tire trade in the world, China has become |
| Under this background, tire manufacturers even begin | | | | the world largest tire export country since 2004. |
| to raise the price. The price has been increased firstly | | | | However, in recent years, Chinese tires have |
| in Goodyear by 6% since December 1st, 2009. | | | | sustained anti-dumping investigations by USA, |
| Subsequently, Bridgestone Americas, Continental | | | | Venezuela, Australia, Brazil, Peru, Egypt, Argentina, |
| North America and Yokohama Rubber increased their | | | | Turkey, South Africa, Mexico and India, etc. Because |
| tire prices successively. Since January 1st, 2010, | | | | of the complete tire industry chain, huge tire demand, |
| Bridgestone has raised the tire price by 5%. The | | | | advantages in energy and labor resources in China, |
| price growth rate is about 5% for tires of Continental | | | | transnational tire enterprises increase their investment |
| North America and 6% for all tires of Yokohama | | | | in China successively. It is forecast that the global |
| Rubber. Tire giants such as Kumho, Pirelli and Michelin | | | | status of Chinese tire industry will be further raised |
| also follow up. | | | | and China will remain the global No.1 by tire export |
| In India, there is huge demand in the tire market, | | | | volume in the coming years. |
| while the storage of tire manufacturers has | | | | Through this report, readers can acquire more |
| decreased to the level equivalent to the total | | | | information: |
| production of 20-25 days. Hence, the tire price in | | | | - Overview of global tire market |
| Indian market was raised by over 5% at the | | | | - Supply and demand of Asia-Pacific tire market |
| beginning of 2010. All tire companies owe the price | | | | - Supply and demand of North American tire market |
| increase to the unbearable price growth of raw | | | | - Supply and demand of European tire market |
| materials. In November 2009, the heavy rain and | | | | - Supply and demand of Latin American tire market |
| flood severely affected the rubber production in | | | | - Supply and demand of African and Middle Eastern |
| Thailand, Indonesia, Malaysia and India. Consequently, | | | | tire markets |
| rubber production from these major rubber | | | | - Major tire manufacturers in the world |
| producers suffers considerable decline. The vigorous | | | | - Influence of the financial crisis on global tire market |
| demand boosts the price of rubber. | | | | - Status quo of global tire trade |
| USA's special tariff on Chinese passenger/light truck | | | | - Export of major tire export countries in the world |
| tires (tire special safeguard case) acts as another | | | | - Import of major tire import countries in the world |
| factor driving the price growth of tires. It affects | | | | - Major barriers to global tire trade |
| China's tire export to USA and creates the | | | | Following persons are recommended to buy this |
| opportunity for world tire manufacturers to raise the | | | | report: |
| price. | | | | - Tire manufacturers |
| Tire price increase arouses a new round of tire | | | | - Auto manufacturers |
| investment craze in the world. After the outbreak of | | | | - Upstream rubber and carbon black, etc. |
| the financial crisis, tire giants (Michelin, etc.) almost | | | | manufacturers |
| stopped all the production expansion plans. At the | | | | - Investors concerning the tire industry |
| beginning of 2010, they resumed the production | | | | - Research institutes concerning the tire industry |
| expansion and construction of new projects. Michelin | | | | - Tire importers and exporters |
| plans to invest USD 870 million to establish a heavy | | | | - Persons researching on global tire trade policies |
| duty tire plant in South India in the coming 2-3 years | | | | - Others concerning the tire industry |
| and put the plant into production in 2012. Bridgestone | | | | ReportsandReports, comprising of an online library of |
| plans to improve the production capacity of | | | | 10,000 reports, in-depth market research studies of |
| passenger/light truck tires in its Kheda plant to 15,000 | | | | over 5000 micro markets, and 25 industry specific |
| day with the investment of USD 56.30 million. Pirelli | | | | websites. ReportsandReports announce to have |
| has declared to invest another USD 100 million in Brazil | | | | Research Report on Global Tire Industry Market |
| and Latin America for the production of OTR | | | | Research Report in its store. Browse all our Market |
| (off-the-road) tires and agricultural tires. Toyo Tire | | | | Research Reports details at ReportsandReports. |
| & Rubber Co., Ltd has also announced that it will | | | | |