A tyre is a ring-like part of a vehicle. The tyres are fitted on the rims and are filler with compressed air. The tyres are employed with materials like synthetic rubber, fabric, steel wires and some more compounds. Today even the vehicle manufacturers have started manufacturing their own special tyres. There are many companies who supply their own vehicle parts and these are also getting very popular in today’s market. These vehicle parts made by the vehicle manufacturers are known as OES. OES (Original Equipment Supplier) is a vehicle part that is made by the manufacturer of the vehicle. For example, if a company named ABC has manufactured a car, it will also manufacture its own car tyres. OES are the original parts of the vehicle that is made by the manufacturers itself.
According to the report published by Actual Market Research titled as “China Tire (Tyre) Market Outlook, 2026”. China will be growing with more than 7.0% CAGR by the forecasted period. OES (Original Equipment Supplier) is a vehicle part that is made by the manufacturer of the vehicle. The vehicle parts are original and only can fit to the particular vehicle, for which the parts are made for. Specially today every vehicle has their own original parts made by the manufacturers. Therefore, the OES are growing with the highest CAGR in China’s market.
OEM tyres are especially specified by the vehicle manufacturer and they are fitted when the vehicle is new. Replacement tyres are those tyres which are purchased to replace the OEM tyres. The replacement tyres are known as aftermarket tyres. The CAGR of OEM tyres was low in the past year, and during the forecasted period it is expected to grow gradually. A radial tyre is a particular design of vehicular tire. In this design, the cord plies are arranged at 90 degrees to the direction of travel. A bias tyre is made of layers of rubber-coated fabric placed at angles of approximately 30–40 degrees, with successive plies laid at opposing angles forming a crisscross pattern to which the tread is applied. In past years, the market attractiveness of the radial tyre was low because it is more expensive and has poor transport handling. It is expected that the market attractiveness of radial tyres will grow constantly by 2027.
Commercial-lightweight tyres usually consist of industrial rib tyres, light truck tyres, and well-designed super lug tyres. This type of tyre is more suitable for long distances. Passenger car tyres are designed mainly for ride comfort, traction, handling, and wear life, as well as appearance and affordability. Commercial-heavy tyres are used for construction vehicles, agricultural and forestry equipment, and other applications that take place on soft terrain. Two-wheeler and three-wheeler tyres vary according to the shape and size of the vehicles, and they provide better traction on the road surface. The market for passenger car tyres was high in the past year, and it is expected that it will have vigorous growth during the forecasted period. Technological development in manufacturing and the high demand for automobiles drive the tyre market, while the development of the retreading business and the expensive pricing of raw materials are an obstacle to the growth of the tyre market in China.
Key Market Trends
Tyres is one of the most important parts for any vehicle, whether it is a bicycle or a car, or a truck or bus and other vehicles. The tyres play an important role in ensuring the vehicle is safe to be driven and they have the direct link to the quality of the consumer’s ride and also safety in general. Nowadays because of so many safety requirements by the consumers, the leading manufacturers are trying manufacture the best tyres with all the safety measures keeping in mind. The new innovative tyres ensure maximum safety and comfort for the riders and this can further result to less accidents.