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China's rubber tire industry has developed rapidly and its market share has been increasing
.
Before 1950, China's annual tire production was less than 30,000; By 1980, tire production had reached 11.
46 million; In 2005, China's tire production surpassed that of the United States and became the world's largest tire producer
.
Today, China has become the world's largest tire consumer, as well as the largest tire producer and exporter
.
In 2014-2015, affected by the "double reverse" event domestic tire production has declined, in 2016 production began to resume growth, according to the Prospective Industry Research Institute released the "tire industry market demand forecast and investment strategic planning analysis report" data, from January to November 2017, China's rubber tire tire production 869.
555 million, a year-on-year increase of 6.
3%.
It is expected that the annual output in 2017 will be close to 900 million pieces, a year-on-year increase of 6.
87%.
Since 2000, China's automobile market has developed rapidly, basically maintaining a growth rate
of more than 15% in the first decade of the 21st century.
After 2010, China's automobile market entered a period of stable development, and automobile production increased
steadily.
China's automobile production reached 28.
19 million units in 2016, with a compound growth rate of 8%
from 2011 to 2016.
In terms of car ownership, China's car ownership reached 194 million units in 2016 from less than 50 million units in 2006 to 194 million units in 2016, with a compound annual growth rate of 14.
55%.
In the first half of 2017, the number of vehicles in China exceeded 200 million, and the tire replacement market has a broad
space.
