China is already the largest producer of automobiles and the largest consumer of new automobiles. In terms of consumption, per capita car ownership in China is less than half of the world average. On the other hand, China and other emerging markets infrastructure investment still maintain a rapid growth trend, construction machinery consumption also has greater room for growth. The growth of automobile consumption and construction machinery consumption will drive the tire industry to maintain the steady growth trend.
"Fifteen" period, tire demand will continue to grow rapidly, China's tire industry development prospects are optimistic. Since 2009, the central government has launched a series of consumption stimulus measures, under the influence of these stimulus measures, car consumption has shown a high-speed growth trend, the car consumption boom directly led to the growth of tire sales. The increase in car sales has stimulated tire sales, but the development of the entire tire industry is also facing numerous constraints, these factors mainly come from: Changes in market demand, the rising cost of rubber, the popularization of green tires and the deterioration of the export environment. History tells us that when the global economy is in turmoil, the market is often hit by a variety of unexpected factors, such as: the United States'special insurance case against China's tires, so, for investors, it is a necessary condition for an enterprise to keep its sensitivity to the market in time of change.
