Tire industry: rise in innovation and breakthrough

Domestic tires are catching up

At present, the global tire enterprises are mainly distributed in 46 countries and regions in the world, and the world tire industry has formed a highly intensive industrial group dominated by large multinational enterprises. Collectivization, diversification and differentiation have become a major feature of the development of the world tire industry. The three largest tire producers in China, the United States and Japan account for 30%, 12% and 7% of the world, respectively, and South Korea, Germany and France account for 2%-5%.

China's tire manufacturing industry has only a short history of several decades, and compared with many foreign big brands, the start time is late and the accumulation time is short. Therefore, for a long time in the past, domestic tires have been the followers of foreign tires. Forced by the technical advantages of foreign products and marketing, domestic tires can only catch up and strive not to be left behind.

Today, some high-quality tire enterprises continue to accumulate technology and capital in the export dividend period, and the current production process and product performance have reached the matching standards of vehicle enterprises. As the car market enters a mature period, the profit pressure of vehicle enterprises is highlighted, and high-quality domestic tires continue to expand the supporting market share by means of cost-effective. In the medium and long term, penetration of the supporting market is conducive to enterprises to deeply cultivate their replacement market, and then enjoy the high brand premium and stable demand of the replacement market, which is expected to open up long-term growth space.

According to the "Rubber industry" issued by the China Rubber Industry Association "14th Five-Year" development planning guidelines "pointed out that by the end of the" 14th Five-Year ", that is, the annual output planning goal of China's tires in 2025 is that the tire meridian rate reaches 96%, the all-steel tubeleless rate reaches 70%, and the passenger car radial tire flattening rate reaches 30% (55-45 series). The meridionization rate of agricultural tires increased from 2.5% at the end of the "13th Five-Year Plan" to about 15%, the meridionization rate of giant engineering tires reached 100%, the localization rate of aviation tires reached 15%, and the industrialization of aviation radial tires was realized. The marketization rate of green tires rose to more than 70%, reaching the world-class level.

With the increasing requirements for tire performance in automobile modernization, tires are developing in the direction of high technical content and refined products. Due to the increasing popularity of economic and environmentally friendly vehicles, energy-saving and low-noise tires have become the mainstream of the development of automobile tires, anti-skid, low rolling resistance, high-performance and multi-functional tires in the proportion of tires is increasing, many tire structural design and formula need to be improved, adjusted to adapt to market changes and low-carbon environmental requirements. This puts forward higher technical requirements for tire manufacturing.

China's tire investment enthusiasm continues to remain high, leading the global tire investment market last year. According to incomplete statistics, the investment amount of global tire enterprises in 2020 is more than 23 billion yuan, of which China's tire industry has invested more than 15 billion yuan.

In recent years, the tire industry has gradually migrated to high-quality, high-performance, green and environmentally friendly tires. Tire enterprises must provide raw material guarantee for the development of green tires by accelerating the development and application of new materials; Strengthen the industrialization demonstration and promotion of energy-saving processes, accelerate the use of advanced production methods of intelligent manufacturing, and improve product quality and consistency control capabilities; Develop high performance semi-steel radial tire products such as green radial tires, air shortage protection tires, self-healing tires, and graphene tires to lead the tire consumption trend. Leading technology enterprises can further develop special tires such as aviation tires and racing tires, and use their technological precipitation to promote the overall technological progress and shape the image of internationally renowned brands.

The research Institute released the report on the in-depth development of China's tire Industry in 2021-2025 and the "Fourteenth Five-Year Plan" Enterprise Investment Strategic Planning, which shows that the global tire market demand has reached 1.8 billion, and the market size has exceeded the trillion level. Among them, the domestic market demand is about 376 million, and the market space is about 250 billion. Because tires are consumable parts, their replacement demand has spawned a large replacement market. Benefiting from the growth of car ownership, the future tire market demand is expected to continue to release.