Replacement of demand for tires to drive the growth of the tire market

Industrial Securities Co., Ltd. recently released a special research report on the Chinese tire industry, saying that in the future, China's tire market demand will continue to grow rapidly, and replacement tire demand will be the biggest pull. The tire industry has a major cyclical opportunity, in which environmental protection and energy consumption are integrated policy catalysts.

The report pointed out that in the short term, the decline in raw material costs will give some advantageous companies an opportunity to improve their trends. In the medium and long term, the trend of industry consolidation is obvious, and the degree of concentration will be further enhanced. Some of the dominant companies will benefit from the improvement of the industry structure.