Market Research Report
Global and China Tire Mold Industry Report, 2016-2020
|Published by||ResearchInChina||Product code||245901|
|Published||Content info||89 Pages
Delivery time: 1-2 business days
|Global and China Tire Mold Industry Report, 2016-2020|
|Published: December 26, 2016||Content info: 89 Pages||
Unlike ordinary rubber molds, tire molds put forward higher requirements on production technologies. The global manufacturers are mainly located in France, the United States, Japan and other regions where the tire manufacturing industry is mature. The global tire mold market size hit about RMB13.3 billion in 2015, will edge up to RMB13.4 billion in 2016 and is expected to break through RMB14.5 billion in 2020.
As the world's leading tire mold producer, China earned the tire mold revenue of RMB4.24 billion in 2015 with the global share of about 30.0%, basically unchanged from 2014. The revenue of China tire mold industry is expected to jump to RMB4.34 billion in 2016, with the CAGR of around 4.0% in 2016-2020. The main reasons lie in: First, China tire industry begins to pick up slightly; second, Thailand, Vietnam and other places have imported much more tire molds from China after the tire capacity transfers to Southeast Asia.
Tire molds rely on the development of the tire industry. China produced 570 million tires in 2015, up 0.5% year on year (5.7 percentage points lower than 2014), mainly because: First, the domestic market demand was sluggish; second, the export market was impacted by the anti-dumping and countervailing investigations launched by the United States. In 2016, the improved overall economic environments boosted the tire industry to restore growth with the expected output growth rate of 1.6%.
Some tire giants such as Michelin and Bridgestone have cultivated their own tire mold suppliers to ensure mold quality or keep secrets about tire tread patterns. However, the tire mold market is still occupied by professional tire mold suppliers, including USA Quality Mold, Germany HERBERT, South Korea Saehwa, and China Himile, Greatoo Intelligent and Wantong Mould. Among them, Himile held the market share of about 15.0% globally in 2015 as one of the world's major tire mold suppliers.
In 2015, Himile's tire mold orders continued to swell, which prompted the company's revenue to grow by 27.2% year on year. In this case, Himile was one of several tire mold manufacturers that witnessed revenue growth against the market, mainly because: First, the anti-dumping and countervailing investigations of the United States against Chinese tires directly benefited the company's tire customers in the United States, thus driving the demand for the company's tire molds; second, the company mainly produced high-end tire molds with strong competitiveness.
Except the giants such as Himile, the majority of Chinese enterprises are weak at product bargaining power, which means that they are vulnerable to economic environments. Especially as the tire industry develops towards environmental friendliness and intelligence, there are the growing stringent requirements on performance and quality of tire molds which are thus facilitated to head towards the high-end products. By then, the enterprises lacking of product innovation and excellent quality will be easily eliminated.
Global and China Tire Mold Industry Report, 2016-2020 focuses on the following: