Research Report on World's Top 50 Tire Enterprises, 2010-2011
This report gives an analysis on the enterprises, whose sales ranked among world’s top 50 in 2009, including their operations, sales volume, development trend, etc. This report also analyzes their investment in China.
In 2008-2009, the sales revenue of Bridgestone successively exceeded that of Michelin, leading the world’s tire industry. World’s top 75 tire enterprises of 2010 are ranked according to the sales revenue related to tire manufacturing in 2009. The top 3 still went to Bridgestone, Michelin and Goodyear, however, the sales revenue of these 3 companies all witnessed a double-digit drop over 2008. The sales revenue of Bridgestone dropped by 18% to USD 20.80 billion; that of Michelin decreases by 10% to USD 19.60 billion; and that of Goodyear drops by 14.50% to USD 15.60 billion. The companies ranked from the 4th to the 9th are as follows: Continental of Germany, Pirelli of Italy, Sumitomo of Japan, Yoyohama Rubber of Japan, Hankook Tire and Cooper Tire of the U.S.A.
The ranking from the 11th to 20th changes greatly. The sales revenue of Hangzhou Zhongce Rubber Company Limited in China, which ranked the 11th signifying the best performance among companies in Mainland China, increases by 11% YOY, reaching USD 2.36 billion. Toyo Tire and Kumho Tire, which used to rank among the top 10, separately dropped to the 12th and 13th. There were 13 tire enterprises with global sales of over USD 2 billion in 2009, and 19 enterprises with global sales of over USD 1 billion, including Triangle Group of China, Giti Tire and Shangdong Linglong.
Due to the impact on global tire industry of the international financial crisis, in 2009, the overall demand of global tires declined, and the sales revenue of global tire companies generally dropped drastically. The overall sales of global tire industry decreased in 2009, which was the industry’s first decline since the beginning of the 21st century. The total sales of Bridgestone, Michelin and Goodyear reached USD 55.75 billion, accounting for 44.10% of the total sales of global tires with 2.20% decrease over 2008; the total sales of the top 10 enterprises was USD 96.87 billion, decreasing by 1.50% over 2008. Thus, the concentration of global tire industry was lowered due to the impact of the international financial crisis.
In 2009, due to the vigorous demand of Chinese tire market, Chinese and Indian tire enterprises also achieved good results in spite of the international financial crisis. The annual sales revenue of many tire companies in the two countries realized the growth rate of over 20%, while the sales growth rate of Sailun Co., Ltd. of China (95.10%) and Apollo Tire of India (58.60%) created a miracle. Global tire manufacturers and traders are suggested to pay closer attention to Chinese and Indian market.
The ranking in this report partly comes from the “World’s Top 75 Tire Enterprises” decided by the U.S. Crain Group, which CRI herewith acknowledge with best thanks And thanks also go to Mr. Zhao and other members of Research Department of the Tire Industry of China Research and Intelligence for their great endeavor.
From the report, readers can acquire the following and more information:
The following and more persons are suggested to buy this report:
In 2008-2009, the sales revenue of Bridgestone successively exceeded that of Michelin, leading the world’s tire industry. World’s top 75 tire enterprises of 2010 are ranked according to the sales revenue related to tire manufacturing in 2009. The top 3 still went to Bridgestone, Michelin and Goodyear, however, the sales revenue of these 3 companies all witnessed a double-digit drop over 2008. The sales revenue of Bridgestone dropped by 18% to USD 20.80 billion; that of Michelin decreases by 10% to USD 19.60 billion; and that of Goodyear drops by 14.50% to USD 15.60 billion. The companies ranked from the 4th to the 9th are as follows: Continental of Germany, Pirelli of Italy, Sumitomo of Japan, Yoyohama Rubber of Japan, Hankook Tire and Cooper Tire of the U.S.A.
The ranking from the 11th to 20th changes greatly. The sales revenue of Hangzhou Zhongce Rubber Company Limited in China, which ranked the 11th signifying the best performance among companies in Mainland China, increases by 11% YOY, reaching USD 2.36 billion. Toyo Tire and Kumho Tire, which used to rank among the top 10, separately dropped to the 12th and 13th. There were 13 tire enterprises with global sales of over USD 2 billion in 2009, and 19 enterprises with global sales of over USD 1 billion, including Triangle Group of China, Giti Tire and Shangdong Linglong.
Due to the impact on global tire industry of the international financial crisis, in 2009, the overall demand of global tires declined, and the sales revenue of global tire companies generally dropped drastically. The overall sales of global tire industry decreased in 2009, which was the industry’s first decline since the beginning of the 21st century. The total sales of Bridgestone, Michelin and Goodyear reached USD 55.75 billion, accounting for 44.10% of the total sales of global tires with 2.20% decrease over 2008; the total sales of the top 10 enterprises was USD 96.87 billion, decreasing by 1.50% over 2008. Thus, the concentration of global tire industry was lowered due to the impact of the international financial crisis.
In 2009, due to the vigorous demand of Chinese tire market, Chinese and Indian tire enterprises also achieved good results in spite of the international financial crisis. The annual sales revenue of many tire companies in the two countries realized the growth rate of over 20%, while the sales growth rate of Sailun Co., Ltd. of China (95.10%) and Apollo Tire of India (58.60%) created a miracle. Global tire manufacturers and traders are suggested to pay closer attention to Chinese and Indian market.
The ranking in this report partly comes from the “World’s Top 75 Tire Enterprises” decided by the U.S. Crain Group, which CRI herewith acknowledge with best thanks And thanks also go to Mr. Zhao and other members of Research Department of the Tire Industry of China Research and Intelligence for their great endeavor.
From the report, readers can acquire the following and more information:
- operations of the top 50 enterprises of global tire industry
- production capability of the top 50 enterprises of global tire industry
- investment of major global tire enterprises in China
- development trend of the top 50 enterprises of global tire industry
The following and more persons are suggested to buy this report:
- tire manufacturing companies
- tire traders
- enterprises related to the upstream and downstream of tire industry chain
- investors paying attention to the tire industry
- research institutions paying attention to the tire industry
1 BRIDGESTONE
1.1 Corporate Profile
1.2 Operations
1.3 Layout in Chinese Market
1.4 Development Strategy
2 MICHELIN
2.1 Corporate Profile
2.2 Operations
2.3 Layout in Chinese Market
2.4 Development Strategy
3 GOODYEAR
3.1 Corporate Profile
3.2 Operations
3.3 Layout in Chinese Market
3.4 Development Strategy
4 CONTINENTAL
4.1 Corporate Profile
4.2 Operations
4.3 Layout in Chinese Market
4.4 Development Strategy
5 PIRELLI
5.1 Corporate Profile
5.2 Operations
5.3 Layout in Chinese Market
5.4 Development Strategy
6 SUMITOMO TIRE INDUSTRIES
6.1 Corporate Profile
6.2 Operations
6.3 Layout in Chinese Market
6.4 Development Strategy
7 YOKOHAMA RUBBER
7.1 Corporate Profile
7.2 Operations
7.3 Layout in Chinese Market
7.4 Development Strategy
8 HANKOOK TIRE
9 COOPER TIRE AND RUBBER
10 CHENG SHIN RUBBER
11 HANGZHOU ZHONGCE RUBBER CO., LTD.
12 TOYO TIRE AND RUBBER CO., LTD.
13 KUMHO TIRE
(The sales of the above enterprises all reached over USD 2 billion in 2009.)
14 GITI TIRE
15 TRIANGLE GROUP
16 NOKIAN TIRE
17 APOLLO TIRE
18 MRF
19 SHANDONG LINGLONG RUBBER CO., LTD
20 DOUBLE COIN HOLDINGS LTD.
21 SIBUR-RUSSKLE SHINY
22 AMTEL GROUP
23 J.K TIRE INDUSTRIES
24 AEOLUS
25 NEXEN
26 BELARUS TIRE
27 SEAT TIRE
28 PT GAJAH TUNGGAL TBK
29 KENDA TIRE
30 BRISA/BRIDGESTONE-SARBACH TIRE
31 QINGDAO DOUBLESTAR TIRE CO., LTD.
32 TITAN INTERNATIONAL INC.
33 GUIZHOU TIRE
34 GALAXY INTERNATIONAL TIRE
35 TRELLEBORG
36 MITAS
37 CARLISLE TIRE AND WHEEL COMPANY
38 SOUTH CHINA TIRE & RUBBER CO., LTD.
39 BIRLA TYRES
40 DUNLOP INDIA LTD (DIL)
41 NANKANG TIRE AND RUBBER CO., LTD.
42 NORTH STAR/SOLIDEAL
43 MARANGONI GROUP
44 FEDERAL TIRE CO., LTD.
45 NIZHNEKAMSKSHINA
46 MATADOR
47 BALKRISHNA INDUSTRIES
48 HWA FONG RUBBER INDUSTRIES CO., LTD.
49 FATE
50 QINGDAO YELLOWSEA RUBBER CO., LTD.
1.1 Corporate Profile
1.2 Operations
1.3 Layout in Chinese Market
1.4 Development Strategy
2 MICHELIN
2.1 Corporate Profile
2.2 Operations
2.3 Layout in Chinese Market
2.4 Development Strategy
3 GOODYEAR
3.1 Corporate Profile
3.2 Operations
3.3 Layout in Chinese Market
3.4 Development Strategy
4 CONTINENTAL
4.1 Corporate Profile
4.2 Operations
4.3 Layout in Chinese Market
4.4 Development Strategy
5 PIRELLI
5.1 Corporate Profile
5.2 Operations
5.3 Layout in Chinese Market
5.4 Development Strategy
6 SUMITOMO TIRE INDUSTRIES
6.1 Corporate Profile
6.2 Operations
6.3 Layout in Chinese Market
6.4 Development Strategy
7 YOKOHAMA RUBBER
7.1 Corporate Profile
7.2 Operations
7.3 Layout in Chinese Market
7.4 Development Strategy
8 HANKOOK TIRE
9 COOPER TIRE AND RUBBER
10 CHENG SHIN RUBBER
11 HANGZHOU ZHONGCE RUBBER CO., LTD.
12 TOYO TIRE AND RUBBER CO., LTD.
13 KUMHO TIRE
(The sales of the above enterprises all reached over USD 2 billion in 2009.)
14 GITI TIRE
15 TRIANGLE GROUP
16 NOKIAN TIRE
17 APOLLO TIRE
18 MRF
19 SHANDONG LINGLONG RUBBER CO., LTD
20 DOUBLE COIN HOLDINGS LTD.
21 SIBUR-RUSSKLE SHINY
22 AMTEL GROUP
23 J.K TIRE INDUSTRIES
24 AEOLUS
25 NEXEN
26 BELARUS TIRE
27 SEAT TIRE
28 PT GAJAH TUNGGAL TBK
29 KENDA TIRE
30 BRISA/BRIDGESTONE-SARBACH TIRE
31 QINGDAO DOUBLESTAR TIRE CO., LTD.
32 TITAN INTERNATIONAL INC.
33 GUIZHOU TIRE
34 GALAXY INTERNATIONAL TIRE
35 TRELLEBORG
36 MITAS
37 CARLISLE TIRE AND WHEEL COMPANY
38 SOUTH CHINA TIRE & RUBBER CO., LTD.
39 BIRLA TYRES
40 DUNLOP INDIA LTD (DIL)
41 NANKANG TIRE AND RUBBER CO., LTD.
42 NORTH STAR/SOLIDEAL
43 MARANGONI GROUP
44 FEDERAL TIRE CO., LTD.
45 NIZHNEKAMSKSHINA
46 MATADOR
47 BALKRISHNA INDUSTRIES
48 HWA FONG RUBBER INDUSTRIES CO., LTD.
49 FATE
50 QINGDAO YELLOWSEA RUBBER CO., LTD.
SELECTED CHARTS
Chart Tire Output of Bridgestone, 2005-2009
Chart Operations of Bridgestone, 2005-2009
Chart Tire Output of Michelin, 2005-2009
Chart Operations of Michelin, 2005-2009
Chart Tire Output of Goodyear, 2005-2009
Chart Operations of Goodyear, 2005-2009
Chart Operations of Continental, 2005-2009
Chart Operations of Pirelli, 2005-2009
Chart Operations of Hangzhou Zhongce Rubber Co., Ltd., 2005-2010
Chart Tire Output of Triangle Group, 2005-2009
Chart Tire Output of Bridgestone, 2005-2009
Chart Operations of Bridgestone, 2005-2009
Chart Tire Output of Michelin, 2005-2009
Chart Operations of Michelin, 2005-2009
Chart Tire Output of Goodyear, 2005-2009
Chart Operations of Goodyear, 2005-2009
Chart Operations of Continental, 2005-2009
Chart Operations of Pirelli, 2005-2009
Chart Operations of Hangzhou Zhongce Rubber Co., Ltd., 2005-2010
Chart Tire Output of Triangle Group, 2005-2009
