2022 Tire Industry Market Status and Industry Development Prospect Analysis

Tires are annular elastic rubber products that roll on the ground and are assembled on various vehicles or machinery. Usually installed on the metal rim, it can support the body, buffer the external impact, realize the contact with the road surface and ensure the driving performance of the vehicle. Tires are often used under complex and harsh conditions. They are subjected to various deformations, loads, forces, and high and low temperatures during driving. Therefore, they must have high bearing performance, traction performance, and cushioning performance.
Status of the tire industry
Since 2021, in the face of pressures such as rising raw material prices and sea freight prices, companies in the tire industry have frequently issued price adjustment announcements, and prices have risen many times. Despite the continuous adjustment of tire prices, statistics from industry associations show that the overall profit of the tire industry is still down year-on-year.
"In 2022, the tire industry is changing from a comfortable state in previous years to a difficult period, and the industry is also accelerating its reshuffle." Industry insiders believe. Driven by the goal of "peak carbon and carbon neutrality", the automobile industry has accelerated "decarbonization", which has also changed the market demand of the tire industry. The leading tire companies with strong strength not only continue to launch more products that meet the requirements of "double carbon" For products that are in demand by the market, technological innovation is the starting point to promote the adjustment and optimization of the industrial structure.