Since 2011, the global tire market,
especially the Chinese tire market, has seen slow growth, which directly
impacts the market demand for tire molds.
In 2012, China tire mold industry
harvested the revenue of RMB3.01 billion or so, including RMB1.87 billion from
automotive tire molds, only up 0.16% year on year.
In terms of profitability, the
performance of most Chinese tire mold manufacturers declined in 2012. During
the first three quarters of 2012, Himile's revenue only increased by 0.37% year
on year, and its net income fell by 6.28%. Meanwhile, the growth rate of
Greatoo also slowed down, with the revenue being the same with that in the same
period in 2011 and net income up by5.92%.
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Among other non-listed companies,
the revenue of Shandong Dawang Jintai dropped by 21.77% year on year in 2012,
and that of Yuantong witnessed a year-on-year decline of 12.26%.
Seen from new construction project,
there were merely two major tire mold projects in 2012: the tire mold project
co-invested with a total capital of RMB1.1 billion by Henan Yasheng and Jiaozuo
Deke Mould; and the 300-set radial tire mold virtual manufacturing technology
project of Shandong Dawang Jintai.
In the projects invested and built
before 2012, Himile's “precise radial tire mold construction project” is
delayed until the end of September 2013 instead of the planned December 2012,
with the investment of RMB349 million. Greatoo's “large-sized engineering vehicle
tire and special tire mold expansion project” is under construction; the
project aims at the mold market of military SUV tires, aerospace tires, racing
tires, snow tires, high-grade sedan tires, etc, with huge market potentials.
With total investment of RMB197 million; the project is expected to be put into
production in July 2013.
Although the current tire mold
industry is sluggish, we expect that China's domestic demand for tire molds
will grow at the average annual growth rate of around 7% with the moderate
recovery of Chinese automobile market in the next 2-3 years.
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The report highlights the
followings:
- Development, competition and future development trends of the global tire mold industry;
- Major policies, operation, supply and demand, market competition and outlook of China tire mold industry;
- Main products, operation and development planning of major producers worldwide;
- Major products, capacity, operation, major customers, project planning and performance prediction of major Chinese manufacturers.
Latest Report:
China Automotive Steering System Industry Report, 2012 -
2015: http://www.marketresearchreports.biz/analysis/166919
According to the data of China
Association of Automobile Manufacturers, China’s annual production capacity of
automotive steering system has now reached around 20 million sets. In 2012 the
demand for automotive steering system in China was approximately 19.31 million
sets, a year-on-year increase of 4.3%. It is expected that, in 2013-2015, the
demand will grow at an average rate of 5% or so, and hit 22.35 million sets in
2015.
Seen from the demand structure,
mechanical hydraulic steering system (HPS) is the most mainstream steering
system in the current market, with demand accounting for about 50% of the
total. However, as the electric power steering system (EPS) technology
continues to become mature, its demand is in a stage of rapid growth. In the
future, EPS will constantly replace HPS to become the mainstream of the
automotive steering system market.
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