“In 2015, the tire production was 560 million pieces (units), the radial tire ratio was about 91 percent, while 10 years ago, our radial tire ratio was only 65 percent. Tire production was only 285 million pieces in 2006.”
What single development would do most to improve the future of the tire industry, and why?
“Tire technology innovation and tire branding are the most important factors for the Chinese tire industry in the future, because most Chinese consumers did not know about Chinese-brand tires, or about tire technology. We are on the way, but it is far behind developed countries such as Germany, the USA and Japan.”
Looking into the crystal ball, what big changes do you expect to see in tires and the tire industry by 2030?
“China will have fewer tire manufacturers and, after Chinese tire labeling regulation works, it will enhance the quality of Chinese tires in general.”
This report appeared on the website of European Rubber Journal, a United Kingdom-based sister publication of Tire Business.