Recently, at the 2024 Tire Industry Association OTR Tire Conference in the United States, the authoritative organization Smither made a report and analysis on the future development trends of the global OTR tire market.
In the past two years, domestic tires have set off an investment boom in China. Domestically, many tens of billions of large-scale projects are planned to be implemented. While domestic brands are making rapid progress, what measures are foreign brands taking in mainland China? In fact, although the sales and production capacity of foreign-owned truck and bus tires are indeed declining in China, passenger tires are not showing signs of timidity. In the past year, many foreign brands have announced plans to build factories and expand in mainland China.
On February 17, the spirit of the New Year has not yet dissipated. General Science (601500.SH) domestic and overseas production bases are busy. All positions have already been put into intense production and are working hard to catch up on orders, striving for a "good start" in the first quarter of 2024.
At 12:58 on January 31, 2024, the first 57-inch giant OTR tire independently developed by Linglong Tire rolled off the production line in 46/90R57 specification. The tire diameter of this specification can reach 3.6 meters, and the weight of a single tire is 3.6 tons. Suitable for rigid dump trucks with a load capacity of 220 tons.
From January 23rd to 25th, the 2024 Aeolus Tire Overseas Dealers Conference was successfully held in Indonesia. Nearly 300 Aeolus truck, bus and construction machinery tire dealer representatives from more than 70 countries attended the meeting.
Japan's Bridgestone Tire is about to disclose an investment plan. The company expects to invest 800 billion yen in the next three years.
On January 18, the General Administration of Customs disclosed China's tire export data for December 2023 and the whole year of 2023. In 2023, China's tire export volume and export value maintained double-digit growth.
Recently, the National Bureau of Statistics announced the tire industry output in 2023. It can be said that in 2023, the tire industry has shown strong resilience and vitality, especially export support, which has led to strong expectations for 2024.