In China's tire industry, cycle tires are a powerful presence that cannot be ignored. According to statistics, the number of electric two-wheelers in China reached nearly 400 million by 2023, and the annual compound growth rate of domestic electric two-wheelers sales reached 12.93%.
In the global market, the demand for electric two-wheelers is also gradually increasing. The compound annual growth rate of overseas electric two-wheeler sales is predicted to reach 25.6% from 2023 to 2027, with great growth potential.
Strong domestic and overseas demand drives the tire industry to flourish. According to the data from the Rubber Industry Association, in 2023, the production of bicycle tires was around 199.61 million, the production of electric bicycle tires was around 187.37 million, and the production of motorcycle tires was around 111.11 million, with a total production of around 500 million.
According to relevant data statistics, the total industrial output value from January to July 2024 was 11.847 billion yuan, a year-on-year increase of 9.54%; sales revenue was 11.487 billion yuan, a year-on-year increase of 8.66%. Among the leading products, the output of bicycle tires was 114.732 million pieces, a year-on-year increase of 16.28%; the output of electric bicycle tires was 106.413 million pieces, a year-on-year decrease of 0.59%; and the output of motorcycle tires was 75.872 million pieces, a year-on-year increase of 15.03%.
Announcement of 2.7 billion yuan motorcycle tire project
On November 13, the high-performance green motorcycle radial tire intelligent manufacturing project with a total investment of 2.7 billion yuan, built by TIUMSUN RUBBER TIRE (WEIHAI) CO., LTD., was announced.
It is reported that the project is located in Weihai Economic and Technological Development Zone, covers an area of 224,400 square meters. After completion, it will be able to produce 12 million sets of high-performance green motorcycle radial tires annually.
TIUMSUN RUBBER's current products include butyl inner tubes and motorcycle covers. In 2023, the production of butyl inner tubes was 7 million and the production of motorcycle covers was 7.5 million.
Yuanxing Tire smart factory goes into production
On October 25, Sichuan Yuanxing Tire's new smart factory, which was built at an investment of 1.32 billion yuan, officially went into production.
Yuanxing smart factory covers a total area of about 270 acres, with a total construction area of about 150,000 square meters. It is understood that 40% of the production capacity put into operation this time is mainly focused on the production of motorcycle tires, electric vehicle tires and automobile tires. It is expected that after the entire line is put into production, the output value will achieve a significant growth of 42%, and will also provide the market with a more stable and efficient product supply.
According to the information, Yuanxing Tire is a manufacturer specializing in the production of motorcycle tires, electric vehicle tires, ATV tires and shoe materials. It has formed an annual production capacity of more than 20 million sets of motorcycle tires, more than 6 million sets of electric vehicle tires, and more than 1 million sets of ATV tires.
Continental's Phase II project opens
In order to further meet the market demand for high-quality bicycle tires, Continental decided to further increase its bicycle tire production capacity. On August 28, the opening ceremony of the second phase of the two-wheel tire project was held at the Hefei factory.
It is understood that the project plans to form an annual production capacity of 15 million cycle tires, all of which are high-grade mountain bike tires, road bike tires and city bike tires.
In 2012, Continental's two-wheel Hefei plant was put into operation, and in 2015 it was moved to the newly built plant for production; in 2018, the first bicycle winter tire was officially put into production, and as of May 18, 2023, the 20 millionth finished tire officially rolled off the production line.
Hebei 8 million tires project announcement
In addition to the leading factories increasing their investment, many small and medium-sized enterprises across the country are also following the pace of expansion. In July this year, Xingtai, Hebei Province, planned to approve the public announcement of the environmental impact assessment documents for Xingtai Yina Car Industry Co., Ltd.'s project to produce 8 million sets of radial tires for motorcycles, electric vehicles and bicycle inner and outer tubes annually.
The project is located in the eastern area of Guangzong Economic Development Zone in Hebei Province. The planned investment is 110 million yuan and the total area is 13,786.65 square meters. The project is planned to be built in two phases, with a production capacity of 3 million sets in the first phase and 5 million sets in the second phase.
On July 19, the Guangrao County Branch of the Dongying Municipal Ecological Environment Bureau publicly announced the environmental impact assessment documents for the Dongying Feima Tire's annual production of 6 million motorcycle and electric vehicle inner tubes upgrade and renovation construction project.
The project started construction in February 2024. As of July, all equipment has been installed and is scheduled to be put into production in August.
DLFTECH is a professional equipment marketing & service company built by a senior R&D and marketing team in the tire & conveyor belt equipment industry. Benefiting from the rapid follow up of the international rubber industry's process re-engineering and the demand for industrial intelligence, DLFTECH, the best of the best, has rapidly developed into a new star in the international rubber machinery industry.
If any tire or conveyor belt industry customers need such as electron beam irradiation system, TBR bead winding system, tire uniformity rectifier etc., please feel free to contact info@delphygroup.com.
