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Global tire market: Sales of top 50 enterprises hit over $180 bn in 2012

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Research Report on Global Top 50 Tire Enterprises, 2012-2013 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-21 04:43:02
In 2012, the sales revenue of Bridgestone tires was JPY 2.5572 trillion (USD 29.8 billion), globally ranking the first. In 2012, the sales revenue of Michelin tires was about USD 28.4 billion, globally ranking the second. Meanwhile, the sales revenue of Goodyear and Continental AG was USD 21 billion and USD 12.8 billion respectively, globally ranking the third and the fourth respectively.

In 2012, among global Top 50 tire enterprises, only the four tire enterprises with the annual sales revenue exceeding USD 10 billion. Among the other forty-six enterprises, enterprise with the highest annual sales revenue was Pirelli (about USD 8 billion) and enterprise with the lowest annual sales revenue was China Shandong Jinyu Tire Co., Ltd. (less than USD 400 million). In 2012, sales revenue of the Top 50 tire enterprises totaled over USD 180 billion.

Over ten of the Top 50 tire enterprises are China native enterprises. In addition, the Top 10 enterprises all have established plants in China. We predict that more Chinese enterprises will enter the list of Top 50 tire enterprises in the coming years. In recent years, although the costs of labor, land, energy are increasing constantly, we predict that China tire industry will still possesses certain advantages in the world thanks to its complete tire industry chain.

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Mike King
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