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World tire production and sales continue to improve

 Last Update: 2022-09-06
 Source: Internet
 Author: User

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On August 29, the 2022 Top 75 Global Tire Rankings organized by the American "Tire Business" announced that the world tire rankings did not change much, and Michelin continued to lead the industry

The list shows that after the world tire industry was severely impacted by the new crown epidemic in 2020, the main economic indicators of most tire companies in 2021 will be greatly improved, and tire sales, profits, profit margins, etc.

From the first quarter and semi-annual reports of 2022, the sales and profit indicators of most tire companies have increased significantly.

Through the statistics and estimates of the top 75 tire companies, the total global tire sales in 2021 will be US$177.

North American and European tires are the major markets for tires in the world

In the first half of 2022, world tire production and sales continued to improve, and growth became the mainstream

According to the interim reports published recently, the operating profits and net profit margins of the world's major tire manufacturers in the first half of 2022 will continue to show growth

In 2021, tire investment costs will stop the downward trend, but investment confidence is still not high

"Tire Business" released statistics on tire project information of the world's major tire companies after August 2021.

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