Bridgestone tyres has retained its position as the worlds largest tyre maker by sales for the fifth consecutive year, according to Rubber & Plastics News annual global ranking for tyre tyre manufacturers.
The Japanese tyre maker also outdistanced its nearest rival Michelin, despite meagre growth in 2012.
Bridgestone’s estimated tyre-manufacturing-related sales of $28.6 billion put the Tokyo-based company more than $2 billion ahead of Michelin and nearly $9.5 billion ahead of third-placed Goodyear.
Further down the list, Continental A.G. retained the its fourth position at $10.9 billion, while Japan’s Sumitomo overtook Pirelli to claim fifth place by a slim margin, $7.76 billion to $7.63 billion.
Hankook edged past Yokohama for to take seventh and eighth respectively and Taiwan’s Maxxis International/Cheng Shin Rubber Co. Ltd. and China’s Hangzhou Zhongce Rubber Co. Ltd. kept their ninth and tenth rankings.
The tyre manufacturers are ranked on their revenue from the sale of tyres, excluding sales of non-tyre products, including auto-service-related revenue at company-owned retail stores, sales of steel cord, synthetic rubber or carbon black to third parties.
Overall, the estimated value of tyre sales worldwide slipped slightly from 2011 to $187.5 billion. Bridgestone’s share is 15.2 percent, Michelin’s 14 percent and Goodyear’s 10 percent.
Collectively the top 10 tyre companies account for nearly 65 percent of the worlds tyre sales, based on Rubber & Plastic News statistics.
The new rankings appear in the 2013 Global Tire Report, which is contained in the latest issue of Rubber & Plastics News.
Denna Bowman, Head Office