Global engineering tire has bright future, expert
Recently, an industrial report said that there were vast potential for middle/small-size engineering tire's future development in China and abroad.
The report said that China adjusted its policy on domestic mines, and allowed Chinese mines to start operation since 2015, which increased demand for engineering tires.
At the same time, effecting by "One Belt and One Road" policy, demand for engineering tires became more and more huge in Africa, Pakistan, Vietnam, Mongolia, Russia and so on.
The report said that with international economics changing, engineering vehicles need to work fast and transport further, and bias tyre could not satisfy engineering vehicles' need.
In that case, full-steel radial tire was gradually replacing bias tyre, and was expected to replace over 95% of bias tyres until 2025.
Besides international tyre giants, Indian BKT and China's Triangle Tyre, Sailun Tyre etc., are in short supply in the market.
Related Article
- China’s PV market fails to see year-on-year rebound in November
- China's auto market hit with 17th-month-in-a-row sales downturn
- China unveils first batch of pilot regions to building of national strength in transportation
- ETRMA backs revised EU tire labeling text
- Europe now recycling 92% of scrap tires —ETRMA
- Tireworld Insight: Domestic tire makers eye overseas expansion
- Tireworld Insight: Price disparity severe between China's rubber exports and imports
- Tireworld Insight: China tire exports dependent on US market performance
- Tireworld Insight: SHFE rubber expected to move in tight range in short-term
- Tireworld Insight: Rubber futures to test near-term resistance at 15,000 yuan/tonne
- Tireworld Insight: China’s tire industry on track of rapid growth
