slotsempirecasino| Tire trend at Beijing Auto Show: New energy SUVs prefer 23 inches, and the replacement market is still dominated by 16 inches

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The 2024 Beijing Auto Show highlights the trend of large-size tires, with 19-inch and 20-inch tires accounting for more than 20% of the mainstream, 21-inch and 23-inch tire market share are also significant, new energy and SUV demand are the driving force for growth. However, the replacement market is still 15 to 17 inches, 18 to 21 inches tire market share of less than 15%, tire companies need to carefully respond to market changes.

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19-inch and 20-inch tires became mainstream sizes at the Beijing Auto Show [19-inch and 20-inch tires increased by more than 20% at the 2024 Beijing Auto Show.SlotsempirecasinoAlthough the market share of 21-inch tires is slightly lower, it still ranks third with a share of more than 15%. In addition, the matching proportion of 23-inch tires has also reached 10%. Industry insiders are concerned about the growing trend of passenger car tire size. The rise of large-size tires is synchronized with the increase in the penetration of new energy vehicles, of which nearly 76% of new energy vehicles have 18 to 21 inch tires. Cool appearance is another reason for choosing large-size tires. With the increase in the share of 20-inch and above tires in the auto show, tire companies began to pay attention to sidewall design. However, the mainstream size choice of the replacement market is contrary to the trend of auto shows. At present, 15-inch, 16-inch and 17-inch tire sales account for nearly 72% of the market. 18-inch to 21-inch tires account for less than 15% of the replacement market, because most vehicles are 15-inch and 16-inch. In auto parts city, taxi drivers, freight drivers and ordinary family car owners are more likely to choose 15-inch to 16-inch tires. The tire specification at the top of the domestic replacement market is 205/55R16, while the sales of 205/60R16 and 215/60R16 specifications of 16-inch tires have also increased greatly. According to the Tire Business data Center, 295/40R21275/50R22 and 275/30R21 have become the three worst-selling tyres. Despite the success of the 21-inch and 22-inch tires at the auto show, they are still the hardest inventory to sell in the replacement market. Tire shops should be careful when choosing sales specifications to avoid blindly following the trend of the auto show.