The sudden epidemic has forced tire companies to reconsider the layout and international tire production.
Chemical strategy, etc. The epidemic continues to affect the slowing down of the global internationalization of tire production, especially the momentum of Indian and Chinese tire companies establishing tire factories in the United States and Europe will be affected. Due to different epidemic control conditions, tire manufacturing will be transferred to areas where the epidemic is well controlled. China is the first country to control the epidemic, and the world's tire giants pay more attention to tire production in China. The impact of the epidemic has had an impact on the world economy. Governments of various countries are taking measures to increase their bases.
Infrastructure investment. At the same time, rising prices of pro-cyclical raw materials will promote the development of the extractive industry, which will increase the demand for construction machinery, and off-road tires will usher in a good opportunity for development. The reduction in global tire production, coupled with the increase in the price of raw materials such as rubber, is expected to end the multi-year decline in tire prices. The tire industry is ushering in a cycle of price increases. China's tire production and sales are booming in the first half of 2021, and tire output will increase significantly, and the epidemic continues to spread abroad
As a result, global tire production is still not normal, and the proportion of Chinese tires in the world will further increase.
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