The high-speed growth rate of Chinese rubber machinery industry in 2013 lasted till the first half year of 2014, during when the orders expanded and production and sales boomed.
Then in July 2014, the United States staged anti-dumping and anti-subsidy investigations on China-made tyres used for passenger cars and light trucks, and Chinese tyre enterprises were forced to stop or reduce investments in tyre business, and even some tyre enterprises postponed or cancelled rubber machinery orders. At length, the revenue of Chinese rubber machinery industry in full year of 2014 just rose 4.6% YoY to RMB13.6 billion, with a global market share of 42.6%.
In future, as the growth rate of China’s new vehicle sales volume slows down, the demand for original tyres will see a drop in growth rate, while the huge ownership of automobiles will boosted the demand for replacement tyres.
At the same time, such trends in tyre industry as informatization, automation, intelligentization, greening, and high-end (less noise, low rolling resistance, low thermogenesis, run-on-flat, all-weather and tyre pressure self-control, as well as applications of new nano materials and framework materials) will stimulate the demand for the high-end safe and green tyres with high added value, thus further driving capital inrush into high-end tyre.
In the future, the demand for the high-end rubber machinery in line with the development tendencies of tyre industry such as energy saving, environmental friendliness, automation, informatization and high intelligence will show rapid growth.
More details about the Chinese and Global market trends are discussed in the “Global and China Rubber Machinery Industry Report, 2015-2018” by ReportLinker.