Continental A.G. retained the No. 4 spot at $10.9 billion, while Taiwan's Maxxis International/Cheng Shin Rubber Co. Ltd. and China's Hangzhou Zhongce Rubber Co. Ltd. kept their Nos. 9 and 10 rankings with sales of $4.63 billion and $4.56 billion, respectively.
Overall, the estimated value of tire sales worldwide slipped slightly from 2011 to $187.5 billion, putting Bridgestone's share at 15.2 percent, Michelin's at 14 percent and Goodyear's at 10 percent.
Collectively the top 10 tire companies account for nearly 65 percent of the world's tire sales, based on Tire Business' numbers.
There are 32 billion-dollar tire companies in the 2012 rankings and three more companies knocking on the door with sales of $900 million or greater, according to Tire Business' analysis of the available data.
The Sept. 2 edition of Tire Business will include all of the regular Global Tire Report features readers have come to expect — the Top 75 Tire Makers' Ranking, comparative earnings, capital and research/development spending tables, summary of global expansion projects, list of tire factories worldwide, etc. — plus market trend stories and the latest industry news.
To reach this reporter: [email protected]; 330-865-6145.