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Recently, US authoritative media "Tire Business" released the latestGlobal Tire Top 75 based on each company's 2025 sales revenue. What changes occurred in the rankings of global companies? How did Chinese tires perform?
Sales Unit: USD Billion
Global Tire Top 10, Only One Declined
Michelin retained the champion with sales revenue of 24.097 billion USD, but this figure declined by 6.04% compared to last year,it is the only company in the Top 10 to decline. Michelin attributes the decline to the unstable global trade situation and international tensions and conflicts.
Bridgestone ranked second with sales revenue of 19.627 billion USD,that companyaims to surpass Michelin when it celebrates its 100th anniversary in 2031to become the world's largest tire company.
Goodyear ranked third with sales revenue of 16.895 billion USD. In 2025, the company sold its chemical business, off-highway tire business, and usage rights for the Dunlop brand.
It is worth mentioning that after Yokohama acquired Goodyear's off-highway tire business, it replaced Sumitomo Rubber's position, ranking sixth globally.
Two Chinese companies, Zhongce and Sailun, continue to firmly hold positions in the Global Top 10, and both companies' operating revenue achieved double-digit year-over-year growth.
In terms of the 11-20 strong ranks,Double Star Group旗下双星轮胎、锦湖轮胎两大品牌，2025 年销售额合计 40.24 亿美元，entering the Global Top 11,global ranking rose 38 positions compared to last year.
Two new companies joined the list this year: Dunlop Aviation Tires Co., Ltd. and Thailand Inoue Rubber Public Co., Ltd. India's Emerald Tires and Argentina's FATE (which closed its tire factory) dropped off the list.
Chinese Tires: Large but Not Strong
In the Global Tire Top 75 this year,there are a total of 39 Chinese companies (including Taiwan Province), accounting for 52%, far ahead of the second country by company count on the list—India (8 companies).
According to statistics from Cheyuan Cheze, the total sales revenue of the Global Top 75 this year (enterprises with N.A. sales revenue in either 2025 or 2024 are not included in the statistics, same as below)is approximately 180.721 billion USD, compared to last year's 173.017 billion USDgrowth of approximately 4.45%.
Among them, 39Chinese tire companieshave total sales revenue of approximately 45.014 billion USD,with a year-over-year growth of approximately 5.26%. Chinese companies' sales revenueaccounted for approximately 24.66% of the Global Top 75, increasing by 0.19 percentage points year-over-year.
Sales Unit: USD Billion
The sales proportion is far lower than the proportion of company count, which indirectly confirms the seriousness of problems such as homogenization and low-price competition among Chinese tires.
Among the 39 Chinese companies (Yongsheng Rubber, Zhengdao Tires, Tianjin Wanda data missing),19 companies saw sales revenue increase year-over-year, accounting for approximately 49%; 17 companies saw sales revenue decline, accounting for approximately 43%.
Among them, Zhongce Rubber (13.76%), Sailun Tires (18.61%), Linglong Tires (14.14%), Chengshan (10.03%), General Shares (24.45%), Huasheng Rubber (11.38%), Fengshen Tires (13.41%), Wanli Tires (22.37%), Fomes (12.37%), Yuelong Rubber (13.29%),total of 10 Chinese companies achieved double-digit sales growth.
At the same time,a total of 23 Chinese companies saw their global ranking rise or remain stable this year. Among them, Double Star Tires rose 38 positions, General Shares rose 6 positions, Tianjin Wanda rose 5 positions, Wanli Tires rose 4 positions.
2026, A Tire Market with Increased Revenue but Not Profit
Entering 2026, the operational trends of the Chinese tire industry show a significant divergence between "body temperature" and "pulse":Output rose counter-trend, but exports and capacity utilization both face pressure, the industry is undergoing deep adjustment.
According to the latest data released by the National Bureau of Statistics, in July 2026 national rubber tire outer tire production was 102.658 million tires,year-over-year significant growth of 8.1%, creating the highest monthly growth rate in the past five months; cumulative production from January-July was 709 million tires, cumulative year-over-year rebounded to 2.8%.
Chinese tires rely mainly on exports. According to data released by the General Administration of Customs of China, cumulative exports of Chinese rubber tires from January-July were 5.76 million tons, with a year-over-year growth of 2.4%; export value was approximately 96.27 billion CNY, with a year-over-year decline of 3.0%.
From January-June 2026, the capacity utilization rate of semi-steel tires and all-steel tires in industry sample enterprises dropped to 69.36%, 65.69%; inventory days for semi-steel tires and all-steel tires increased to 52 days and 48 days respectively.
The domestic tire market started July with a clear turning point: 71% of semi-steel tire factories saw orders decrease month-over-month, 68% of all-steel tire factories saw orders decrease month-over-month,the industry's "price-for-volume" strategy is difficult to sustain.
Combining the annual Top 75 structure and the latest operational data from January-July 2026, a few judgments can be made on the upcoming 2026 annual list:
In the top tier camp, the status of the four billion-dollar club members is difficult to shake in the short term, but based on each company's financial report performance continuing the downward trend,sales revenue of the top 6 in the 2026 annual list will likely continue to face collective pressure.
In the Chinese camp, Zhongce Rubber and Sailun Tires, as the only two Chinese companies to enter the Global Top 10, with sales growth of 16.05% for Sailun Group and 18.02% for Zhongce Rubber in the first half of 2026,their positions are expected to continue to be stable with growth. The double-digit growth trend of companies such as Linglong Tires, Chengshan, and General Shares will also promote the Chinese camp's collective movement in the upper-middle section.
The true test is not the number of seats on the list, but profit. From January-July 2026, export value declined by 3.0% year-over-year, semi-steel tire capacity utilization rate fell below 65%, the industry's "volume up profit down" characteristic is very significant, after the EU anti-dumping hammer fell,the model solely relying on domestic exports has reached its end.
For Chinese tires, the rank jump on the 2026 annual Top 75 list is just a surface appearance, the true deciding factor lies in: Who can avoid trade barriers through overseas production capacity layout, who can break "low-price involution" through brand elevation, who can hedge cost pressure through digital intelligence transformation.
Only those companies that actively attack the upstream of the value chain can be the first to touch the dawn of warming in the industry winter. Chinese tires, the future is still promising.
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