Recently, an European Magzine《tyrepress》released Global Top 34 Tire manufacturers in 2020.
The list is ranked by tire sales, and the top 5 tire sales companies are Bridgestone Tire、Michelin Tire、Goodyear Tire、Continental Tire and Sumitomo Tire.
Zhongce Rubber is the largest tire sales in China, but ranking ninth in the world.
And there are another 8 tire companies getting into the list, including Sailun Tire, Linglong Tire, Double Coin Tire, Triangle Tire, Guizhou Tire, Aeolus Tire，Prinx Chengshan Tire and Double Star Tire.
Statistics showed that compared to 2018, there were 17 tire companies' sales revenue growing and 16 companies down.
On the hand of sales profit, Continental Tire、Michelin Tire and Bridgestone Tire ranked Top 3, and reached 20 billion yuan of sales profit in all.
On the hand of net profit, Bridgestone ranked Top 1 and posted 19 billion yuan; Michelin tire ranked the second position by 13.73 billion yuan and Pirelli Tire ranked the third by 4 billion yuan of net profit.
