Michelin keeps its leading position, and Goodyear made it back to the Top 3 thanks to the acquisition of Cooper
As a result of 2021, Michelin has kept its leadership on the global tire market, but Bridgestone, which until recently occupied the top line for years, is less than 300 M Euros behind. At the same time, the purchase of Cooper by Goodyear helped the American manufacturer to make it back to the top three of the tire industry, overtaking Continental, despite the fact that the German tire giant increased its sales by 10% compared to 2020. Goodyear, on the other hand, thanks to the acquisition of Cooper, increased its revenue by 5 billion euros at once — from 10.040 to 15.431 B Euros.
The fifth place, just as last year, is occupied by Sumitomo, which produces tires under such brands as Dunlop and Falken, and, despite the sales boost, still falls behind Continental by more than 5 B Euros. Pirelli returned to the sixth place, again pushing Hankook down to the seventh place, but the distance between them remains minimal, so the Koreans can rise again in the ranking by the end of this year. Eighth-placed was Yokohama, which recently announced that it would pay 2 B Euros for the tire business of Trelleborg, which ranks in the top 30 with a turnover of 982 M Euros. If the proceeds from the purchased business were already taken into account, this would allow Yokohama to overtake both Hankook and Pirelli and take sixth place, which may indeed happen by the end of 2022.
The largest tire manufacturer in China remains ZC Rubber (produces tires under the brands of Goodride, Westlake, etc.), which, occupying the ninth place in the global ranking, has significantly increased its sales volumes — from 3.508 to 4.209 B Euros; Taiwan’s Maxxis is closing the top ten.
Toyo, Linglong and Giti again took places from 11th to 13th, and India’s Apollo was able to climb up to 14th place. Sailun also improved its position, its lag from Apollo being just about 100,000 Euros. MRF, Kumho, Nokian, Titan and Nexen also entered the top 20, followed by JK Tire, Double Coin, Triangle, Ceat, Prometeon Tire Group, Kenda, Prinx Chengshan, BKT, Guizhou Tire, Trelleborg Wheel System, Aeolus, Jiangsu General Science and Technology, Double Star, Brisa, and Nankang.