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On August 30, the 2021 Global Tire Top 75 Ranking List organized by Tire Business of the United States was announced
.
In 2020, the world tire industry is hit by the new crown pneumonia epidemic, tire sales, profits, profit margins, etc.
The tire company suffered heavy losses last year
Last year, the tire company suffered heavy losses.Last year, the tire company suffered heavy losses.
In 2020, the world tire industry will suffer a huge impact from the new crown pneumonia epidemic
.
On the one hand, many tire manufacturers have stopped production and semi-stopped production, and the operating rate has dropped significantly
By region, the sales of tire manufacturers in China and Turkey have mostly maintained growth, while the sales of tire manufacturers in North America and Europe have fallen more
.
North American and European tires are the world's main tire markets, and the tire industry is highly concentrated.
In terms of profitability, in 2020, the operating profit and net profit of the world's top 75 tires have fallen sharply
.
The average operating profit margin of the 25 large companies that reported profits was 7.
Little change in corporate structure
Little change in the corporate structureIn 2020, due to the impact of the epidemic, the investment and research and development of the entire tire industry will be affected.
Among the 23 tire manufacturers that have been surveyed on tire investment costs, the industry tire investment accounted for an average of 6.
4% of sales, a decrease of 1 percentage point from the previous year.
, The investment confidence is seriously insufficient
.
Therefore, for the whole year of 2020, the tire business structure will not change much.
In terms of sales, Michelin continued to lead and widen the gap with No.
2 Bridgestone after taking the top spot last year with USD 22.
935 billion
.
Bridgestone ranked second with US$20.
Among the top 75 in the tire industry, there are 35 companies in China, 7 companies in India, 5 companies in the United States, 4 companies in Japan, 4 companies in South Korea, 3 companies in Turkey, and 2 companies in Italy, Iran, Russia and Vietnam.
In addition, France, Germany, Singapore, Finland, Belarus, Sweden, Argentina, Pakistan and Thailand each have one seat
.
A full recovery is expected this year
A full recovery is expected this year Fortunately, with the easing of the global epidemic, the economies of various countries have begun to recover.
In the first half of this year, the world's tire production and sales have improved significantly, and the profit situation has also improved rapidly
.
Among them, the sales revenue of Bridgestone in the first half of the year increased by 24.
In addition, investment and financing in the tire industry tends to recover, especially for Chinese and Southeast Asian companies
.
From August 2020 to August 2021, the world's major tire companies released tire project information, showing that the budgeted investment of major companies during this period was approximately US$7 billion, which was US$2 billion more than in the same cycle of the previous year