Chinese tire manufacturing up 20.7 percent in 2012, says IBISWorld

ERJ staff report (BC)

Revenue of the tire manufacturing industry in China is expected to total $79.3 billion in 2012, up 20.7percent for the year, according to IBISWorld’s new research report “Tire Manufacturing in China”.

Revenue growth at an average annualised rate of 24.1percent is attributed to the development of China’s automobile manufacturing industry, along with increased automobile ownership in China.

The report analyses factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues.

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