All updated as on -
From 2023 to 2030, the tyre industry is projected to expand at a CAGR of 4.5%, reaching a value of around USD 16.19 billion.
The Japanese economy relies heavily on the auto industry, and the tyre market there plays a crucial role. The Japanese tyre market supplies products for a wide range of uses, including automobiles, trucks, motorcycles and heavy machinery. Tyres play a crucial role in the automotive ecosystem by ensuring the stability, responsiveness, and fuel economy of automobiles. Summer tyres, winter tyres, all-season tyres, performance tyres and off-road tyres are just some of the many options available on the Japanese tyre market to accommodate a wide variety of driving conditions and vehicles. Run-flat tyres, environmentally friendly tyres, and tyres with sophisticated tread patterns for enhanced grip and fuel efficiency are just a few examples of the cutting-edge tyre innovations that Japanese tyre manufacturers are researching and developing. Several of the best tyre companies in the world are based in Japan. These businesses have earned a name for themselves as reliable manufacturers of high-quality tyres, making their products popular in Japan and beyond.
Revenue growth projections and trends analysis for each submarket are included in this report, which breaks down the Tyre market into its component segments and geographical regions. The research breaks into the major opportunities, threats, and development drivers in the tyre industry. Recent market changes and competitive strategies have been incorporated into the illustration of the competitive landscape in the market, including growth, product launch and development, collaboration, merger, and acquisition. Each subsegment of the tyre market is broken down, and the report's authors identify and characterise the leading competitors in each.
Tyre demand is directly related to the development and success of Japan's automobile sector. Tyres for cars, trucks, and motorbikes are in high demand because of the growing and changing automotive industry in the country. The roads in Japan are often jammed with the country's many vehicles, trucks, buses, and motorcyclists. The tyre industry is buoyed by the ongoing need for new tyres and the rising number of vehicles. Maintaining and regularly replacing tyres is essential for vehicle safety and performance. Japan's continual need for tyres can be attributed to the country's frequent tyre replacements.
Despite Japan's reputation for making excellent tyres, the country confronts stiff competition from foreign manufacturers, especially those in Asia. The domestic tyre industry could face competition from imported tyres that offer comparable prices and quality. The price of rubber and oil derivatives, two key inputs in the production of tyres, can rise or fall depending on market conditions for these commodities. Tyre prices may go up if the cost of producing them goes up due to a rise in the price of raw materials.
Passenger cars, LCVs, MCVs, HCVs, two-wheelers, three-wheelers and off-road (OTR) vehicles are just some of the vehicle types that make up the Tyre market. Passenger automobiles are likely to account for the largest proportion of the Tyre market in the coming years. The high volume of passenger automobiles on the road, combined with their regular need for new tyres and other modifications, is largely to blame. The demand for tyres in the passenger automobile industry is disproportionately high.
Report Coverage
Global Tire research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Tire report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Tire competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Tire market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Tire market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Tire market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Bridgestone Corporation, Sumitomo Rubber Industries, Toyo Tire & Rubber Company, Yokohama Rubber Company, IRC Tire, Shinko Tire and other key venders.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Tire market based on the below-mentioned segments:
Global Tire Market, By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Medium and Heavy Commercial Vehicles
Two Wheelers
Three Wheelers
Off-The-Road (OTR)
Global Tire market, By Distribution Channel
Online Distributors
Offline Distributors
Global Tire Market, By End User
OEM
Replacements
Global Tire market, Regional Analysis
The Japanese economy relies heavily on the auto industry, and the tyre market there plays a crucial role. The Japanese tyre market supplies products for a wide range of uses, including automobiles, trucks, motorcycles and heavy machinery. Tyres play a crucial role in the automotive ecosystem by ensuring the stability, responsiveness, and fuel economy of automobiles. Summer tyres, winter tyres, all-season tyres, performance tyres and off-road tyres are just some of the many options available on the Japanese tyre market to accommodate a wide variety of driving conditions and vehicles. Run-flat tyres, environmentally friendly tyres, and tyres with sophisticated tread patterns for enhanced grip and fuel efficiency are just a few examples of the cutting-edge tyre innovations that Japanese tyre manufacturers are researching and developing. Several of the best tyre companies in the world are based in Japan. These businesses have earned a name for themselves as reliable manufacturers of high-quality tyres, making their products popular in Japan and beyond.
Revenue growth projections and trends analysis for each submarket are included in this report, which breaks down the Tyre market into its component segments and geographical regions. The research breaks into the major opportunities, threats, and development drivers in the tyre industry. Recent market changes and competitive strategies have been incorporated into the illustration of the competitive landscape in the market, including growth, product launch and development, collaboration, merger, and acquisition. Each subsegment of the tyre market is broken down, and the report's authors identify and characterise the leading competitors in each.
Tyre demand is directly related to the development and success of Japan's automobile sector. Tyres for cars, trucks, and motorbikes are in high demand because of the growing and changing automotive industry in the country. The roads in Japan are often jammed with the country's many vehicles, trucks, buses, and motorcyclists. The tyre industry is buoyed by the ongoing need for new tyres and the rising number of vehicles. Maintaining and regularly replacing tyres is essential for vehicle safety and performance. Japan's continual need for tyres can be attributed to the country's frequent tyre replacements.
Despite Japan's reputation for making excellent tyres, the country confronts stiff competition from foreign manufacturers, especially those in Asia. The domestic tyre industry could face competition from imported tyres that offer comparable prices and quality. The price of rubber and oil derivatives, two key inputs in the production of tyres, can rise or fall depending on market conditions for these commodities. Tyre prices may go up if the cost of producing them goes up due to a rise in the price of raw materials.
Passenger cars, LCVs, MCVs, HCVs, two-wheelers, three-wheelers and off-road (OTR) vehicles are just some of the vehicle types that make up the Tyre market. Passenger automobiles are likely to account for the largest proportion of the Tyre market in the coming years. The high volume of passenger automobiles on the road, combined with their regular need for new tyres and other modifications, is largely to blame. The demand for tyres in the passenger automobile industry is disproportionately high.
Report Coverage
Global Tire research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Tire report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Tire competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Tire market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Bridgestone Corporation, Sumitomo Rubber Industries, Toyo Tire & Rubber Company, Yokohama Rubber Company, IRC Tire, Shinko Tire and other key venders. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Tire Market from 2021 to 2030.
- Market Forecast for Tire Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Tire competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Tire
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Tire market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Tire market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Bridgestone Corporation, Sumitomo Rubber Industries, Toyo Tire & Rubber Company, Yokohama Rubber Company, IRC Tire, Shinko Tire and other key venders.
Primary Target Market
- Market Players of Tire
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Tire market based on the below-mentioned segments:
Global Tire Market, By Vehicle Type
Passenger Cars
Light Commercial Vehicles
Medium and Heavy Commercial Vehicles
Two Wheelers
Three Wheelers
Off-The-Road (OTR)
Global Tire market, By Distribution Channel
Online Distributors
Offline Distributors
Global Tire Market, By End User
OEM
Replacements
Global Tire market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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