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CN 2911 | Industry Report

Tire Manufacturing in China Industry Data and Analysis

MW
Millie Walker
Analyst Beijing, China May 2025

Revenue for the Tire Manufacturing industry in China is expected to rise at an annualized 4.9% over the five years through 2025, to $128.2 billion. This includes anticipated growth of 5.0% in the current year. The industry profitability is expected to be 5.5% in 2025. The Automobile Manufacturing in China (IBISWorld industry report 3721) has been a major driver of demand for tires over the past five years. With increased automobile ownership in China, demand for tires for new cars and replacement tires for existing vehicles has continued to increase over the period. Especially in 2021, industry revenue growth rate reached 8.3%, mainly due to rise in product price. However, travel restrictions imposed by the COVID-19 pandemic have contributed to weaker demand for tires in 2020 and 2022.Export revenue declined by 10.7% in 2020 to $14.3 billion, due to weaker demand for tires as a result of the pandemic. In 2021, exports growth rebounded to 20.0% due to increased tire demand from the overseas market upon easing of the COVID-19 pandemic. Industry exports increased by 11.1% and 16.3% in 2022 and 2023, respectively. In 2024, mainly due to decrease of China’s tire export to the United States, the industry export growth declined to 4.6%. However, improvement of domestic tire manufacturers' technology level and increasing international market demand contributed to the whole industry export growth. In 2025, industry exports are expected to continue growing by 6.2% to $24.7 billion. In 2025, import value are anticipated to total $877.8 million, rising by 0.3% from 2024, to account for 0.8% of domestic demand.Industry revenue is forecast to increase at an annualized 2.4% over the five years through 2030, to $144.6 billion. In the original equipment market, industry enterprises are anticipated to continue expanding their product ranges to meet demand from automobile manufacturers over the next five years. In the replacement tire market, investments in advertising and terminal sales channels are projected to increase steadily over the period due to the increasing number of brands, products and specialty stores.

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What's included in this industry analysis

IBISWorld's research coverage on the Tire Manufacturing industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released May 2025.

About this industry

What's this industry report about?

The Tire Manufacturing industry in China operates under the industry code 2911. The Tire Manufacturing industry in China manufactures pneumatic tires, solid tires, semi-pneumatic tires, tire tubes and aircraft tires. The tire products in this industry use rubber as the major raw material. Related terms covered in the Tire Manufacturing industry in China include tire tubes, radial tires and bias tires.

What's included in this industry?

Products and services covered in Tire Manufacturing industry in China include Automobile tires, Motorcycle tires and Engineering tires.

What companies are included in this industry?

Companies covered in the Tire Manufacturing industry in China include Zhongce Rubber Group Co., Ltd., Doublestar Group Co., Ltd. and Sailun Group Co., Ltd.

Performance

What's included in the Performance chapter?

The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Tire Manufacturing industry in China.

Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.

Products & Markets

What's included in the Products and Markets chapter?

The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Tire Manufacturing industry in China.

Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.

Geographic Breakdown

What's included in the Geographic Breakdown chapter?

The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Tire Manufacturing industry in China.

Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.

Competitive Forces

What's included in the Competitive Forces chapter?

The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Tire Manufacturing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.

Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.

Companies

What's included in the Companies chapter?

The Companies chapter covers Key Takeaways, Market Share and Companies in the Tire Manufacturing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.

Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.

External Environment

What's included in the External Environment chapter?

The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Tire Manufacturing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.

Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.

Financial Benchmarks

What's included in the Financial Benchmarks chapter?

The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Tire Manufacturing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.

Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.

Industry Data

What's included in the Industry Data chapter?

The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Tire Manufacturing industry in China.

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Frequently Asked Questions

What is the market size of the Tire Manufacturing industry in China in 2026?

The market size of the Tire Manufacturing industry in China is $128.0m in 2026.

How many businesses are there in the Tire Manufacturing industry in China in 2025?

There are 508 businesses in the Tire Manufacturing industry in China, which has declined at a CAGR of 0.8 % between 2020 and 2025.

How may import tariffs affect the Tire Manufacturing industry in China?

The Tire Manufacturing industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.

How may export tariffs affect the Tire Manufacturing industry in China?

The Tire Manufacturing industry in China is likely to be significantly impacted by export tariffs with exports accounting for a high share of industry revenue.

Has the Tire Manufacturing industry in China grown or declined over the past 5 years?

The market size of the Tire Manufacturing industry in China has been growing at a CAGR of 5.0 % between 2020 and 2025.

What is the forecast growth of the Tire Manufacturing industry in China over the next 5 years?

Over the next five years, the Tire Manufacturing industry in China is expected to grow.

What are the biggest companies in the Tire Manufacturing industry in China?

The biggest companies operating in the Tire Manufacturing industry in China are Zhongce Rubber Group Co., Ltd., Doublestar Group Co., Ltd. and Sailun Group Co., Ltd.

What does the Tire Manufacturing industry in China include?

Automobile tires and Motorcycle tires are part of the Tire Manufacturing industry in China.

Which companies have the highest market share in the Tire Manufacturing industry in China?

The company holding the most market share in the Tire Manufacturing industry in China is Zhongce Rubber Group Co., Ltd..

How competitive is the Tire Manufacturing industry in China?

The level of competition is high and increasing in the Tire Manufacturing industry in China.

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