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Huge Blue Ocean Tyre Recycling Market Worldwide

January 31, 2019

According to Chinese statistics of the Ministry of Public Security, in 2018, there were 31.72 million newly registered motor vehicles nationwide, and the number of motor vehicles has reached 327 million, including 240 million vehicles, and the number of small passenger vehicles exceeded 200 million for the first time. The number of motorists exceeded 400 million to be 409 million drivers, including 369 million car drivers.
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The Ministry of Public Security released data on car ownership. By the end of 2018, the number of car ownership in China reached 240 million, 22.85 million increasing compared with 2017, increase rate 10.51%.
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Car big country
In terms of vehicle types, the number of small passenger vehicles reached 201 million, surpassing 200 million for the first time,20.85 million increasing compared with 2017, growth rate 11.56%, which is a major component of car ownership growth; private cars (private small Passenger cars have continued to grow rapidly. In 2018, the number of vehicles reached 189 million. In the past five years, the average annual growth rate was 19.52 million. The number of trucks reached 25.7 million, and the number of new registrations was 3.26 million, a record high.
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In terms of distribution, there are 61 cities in the country with more than one million vehicles and 27 cities with over 2 million vehicles, including 8 cities in Beijing, Chengdu, Chongqing, Shanghai, Suzhou, Zhengzhou, Shenzhen and Xi'an. Ten thousand vehicles, nearly 3 million in Tianjin, Wuhan and Dongguan.
The number of new energy vehicles reached 2.61 million, an increase of 1.07 million for the whole year.

3
In 2018, the number of new energy vehicles in the country reached 2.61 million, accounting for 1.09% of the total number of automobiles. Compared with 2017, it increased by 1.07 million units, an increase of 70.00%. Among them, the number of pure electric vehicles is 2.11 million, accounting for 81.06% of the total number of new energy vehicles.
According to statistics, the number of new energy vehicles in the past five years has increased by an average of 500,000 units per year, showing an accelerating growth trend.
The volume of car transfer registration business continues to grow, and the used car trading market is increasingly active.

4
In 2018, the country handled a total of 21.28 million motor vehicle transfer registrations, including 20.58 million car transfer registrations, accounting for 96.72%, an increase of 1.77 million compared with 2017, an increase of 9.44%.
According to statistics, the ratio of auto transfer registration and registration business volume increased from 0.55 to 0.77 in the past five years, reflecting the increasingly active second-hand car trading market.
The number of motorists reached 409 million, with an average annual increase of more than 30 million in the past five years.
In the past five years, the number of motorists in the country has continued to increase substantially, with an average annual increase of 30.12 million. In 2018, the number of motorists in the country reached 409 million, of which 369 million were motorists, accounting for 90.28% of the total number of drivers.
From the driver's age, there are 300 million drivers aged 26 to 50, accounting for 73.31% of the total number of drivers; 51.36 million drivers aged 18 to 25, accounting for 12.55%; drivers aged 51 to 60 46.63 million people, accounting for 11.40%; drivers over 60 years old reached 11.23 million, accounting for 2.74%.
From the driver's gender, male drivers reached 286 million, accounting for 69.87%; female drivers were 123 million, accounting for 30.13%, an increase of 1.34 percentage points over 2017.
02
How is the tire consumption prospect
Although it is being quickly surpassed by China, the United States is still the world's largest auto country. At present, the number of cars is about 250 million, and the annual output of new cars is about 18 million.
It seems that the absolute number seems to lag behind China, but the US population is only 300 million, and the per capital car ownership exceeds one.
The latest tire consumption in the United States is 300 million pieces per year, and one per capita tire consumption. Among them, the replacement market accounts for 70%; the product structure is mainly for passenger car tires, and the truck and bus tires account for about 6.3%.
Last year's data showed that demand for automobile tires in Japan was 117 million, a slight increase of 2% year-on-year. Meanwhile, demand for automobile tires in Japan is expected to be 119 million in 2018, down 1% year-on-year.
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Japan's population is 121 million, car tire consumption is about 1 per person per year, and Japan's economic growth rate is expected to be 1.3% in 2018. Automobile production is expected to reach 9.489 million units, with domestic sales of 5.146 million units.
According to the current per capita car ownership and average tire consumption in the United States, Japan, and South Korea, China’s tire demand is far more than the current 400 million. Even if it is developed in South Korea, it will reach nearly 1 billion market capacity. The key lies in How to wake up this sleepy market demand, this is a problem that every car person and tire person needs to seriously think about.

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In short, in the future China, the fact that tires are a huge blue ocean market will not change, no matter how the market changes and challenges, the survival of the fittest, the strength of the strong, the opportunity will always be reserved for those who are prepared!

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