The market status of China's engineering radial tire industry.
In the past few years, the market revenue of China's engineering radial tire industry has grown rapidly, the scale and profits of the industry have been continuously improved, and the pattern and competition of the industry have also undergone great changes.
In 2017, the market size of China's engineering radial tire industry reached 5867.2 billion yuan, a year-on-year increase of 152%, and in 2018, the market size of China's engineering radial tire industry reached 6980.7 billion yuan, a year-on-year increase of 189%, and the market size of China's engineering radial tire industry in 2019 reached 8436.6 billion yuan, a year-on-year increase of 204%, in 2020, the market size of China's engineering radial tire industry will continue to maintain a growth momentum, reaching 10560.6 billion yuan, a year-on-year increase of 250%, the market size of China's engineering radial tire industry will maintain a growth momentum in 2021 and is expected to reach 13591.6 billion yuan, a year-on-year increase of 276%, the industry market size continues to grow, and profits continue to increase.
The market competition pattern of China's engineering radial tire industry.
With the development of the market, the market competition in China's engineering radial tire industry has become more and more fierce. China's engineering radial tire industry market is in a diversified competition pattern, in addition to large domestic enterprises, more and more foreign-funded enterprises have also entered the Chinese market.
Large domestic enterprises occupy a market share in China's engineering radial tire industryMarket Research ** NetworkReleased2023-2029 China Engineering Radial Tire Industry Market Operation Potential and Competition Pattern** ReportAnalysis, such as Foton Group, Credit Suisseda Group, etc., they have advantages in marketing, technology, production, service, etc., and the brand reputation is also very strong, so they occupy a certain market share in China's engineering radial tire industry market.
More and more foreign-funded enterprises have also entered the Chinese market, and they have their own unique advantages in technological innovation, marketing, quality control, etc., such as Siemens of Germany, Toyota of Japan, etc., and they have also been recognized in the Chinese market and occupy a certain market share.
There are still some small enterprises in China's engineering radial tire industry market, such as some private enterprises, self-employed people, etc., although their strength is not as large as large enterprises, but they also have a certain influence in the market and occupy a certain market share.
In general, China's engineering radial tire industry market is now in a diversified competition pattern, domestic large enterprises, foreign-funded enterprises and small enterprises are playing different influences in China's engineering radial tire industry market, enterprises in China's engineering radial tire industry market, need to fully consider the current market competition pattern, do a good job in market analysis and planning, in order to grasp market opportunities, enhance competitive advantage.