August 16, 2014 : Bharat Book Bureau presents the new report, on " Rubber Products in China”. Rapid expansion in China’s motor vehicle industry, driven by strong demand gains for both automobiles and other vehicle types such as medium and heavy trucks and buses, will contribute to growth in demand for tires and other rubber products.
Demand in China to grow 8.8% per year through 2017
Demand for rubber products in China is projected to grow 8.8 percent per year to 740 billion yuan in 2017. Advances will be supported by healthy growth in manufacturing, especially in the industrial machinery and motor vehicle industries. Rapid expansion in China’s motor vehicle industry, driven by strong ...view middle of the document...
As income levels continue to grow, greater demand for higher-priced tires will further boost product sales. Tire demand will also receive a significant boost from industrial vehicles such as construction machinery and agricultural equipment, which utilize very expensive tires.
Industrial machinery, motor vehicle markets will lead gains
The industrial machinery and motor vehicle markets have the largest impact on overall rubber product sales, as they accounted for 72 percent of total demand in 2012. Gains in these two markets are forecast to outpace the market average through 2017. Sustained plans to expand industrial machinery and motor vehicle production will continue to stimulate growth. Rubber product demand in the aerospace and other transportation equipment market is projected to grow at the most rapid rate through 2017, benefiting from strong in-creases in the production of commercial aircraft such as CRJ21 and C919, helicopters, and aircraft parts.
Details on these and other findings are contained in Rubber Products in China, a new Freedonia industry study. It presents historical demand data (2002, 2007, 2012) plus forecasts for 2017 and 2022 by product, market and geographic region. In addition, the study examines market environment factors, analyzes industry structure, evaluates company market share and profiles 38 participants in the Chinese...