Asia-Pacific Tire

Asia-Pacific Tire Market Research Report Forecast: (2022-2027)

By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium and Heavy Commercial Vehicle, Two-Wheeler, Three-Wheeler, OTR), By Demand Category (OEM Vs Replacement), By Tire Type (Radial Vs Bias), Read more

  • Tire
  • Mar 2022
  • 166
  • TR10203

Market Definition

The tire industry in the Asia-Pacific is quite vast and projecting swift expansion in the coming years due to improving economic conditions & living standards and growing inclination toward private ownership of vehicles. Besides, the abundance of raw materials like rubber & cheap labor is another crucial aspect attracting several prominent tire manufacturers to set up their production facilities across the region and contribute to the notably growing tire industry during the forecast period.

Market Insights

The Asia-Pacific Tire Market is projected to grow at a CAGR of around 10% during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven primarily by the rapidly increasing vehicle fleet across Asia-Pacific due to the increasing inclination of people toward private vehicle ownership on account of their swiftly improving economic conditions, increasing purchase power, & changing living standards. 

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR(2022-27) 10%
Country Covered China, India, Japan, South Korea, Malaysia, Indonesia, Philippines, Pakistan, Bangladesh, Vietnam, Australia, New Zealand, Singapore, Thailand, Nepal, Myanma
Key Companies Profiled Goodyear, Bridgestone, Michelin, Continental, Sumitomo, Hankook, Kumho, Pirelli, Yokohama, MRF
Unit Denominations USD Million/Billion

 

Besides, the mounting demand for secondhand vehicles, especially across countries like India, Malaysia, & Indonesia, is also anticipated to drive the market in the coming years owing to the growing need for replacement tires entwined with greater awareness about timely maintenance of tires & vehicles. 

Moreover, with various ongoing & upcoming construction projects associated with roads, bridges, tunnels, & airports, among others, in line with extensive infrastructural developments across different countries, the demand for heavy commercial vehicles & construction equipment is surging at a rapid pace and, as a result, positively impacting the overall market growth.

Impact of Covid-19 on the Asia-Pacific Tire Market

The advent of Covid-19 in 2020 had a decelerating effect on most industries, and the automotive & tire industries across Asia-Pacific were no exception. The tire industry got catastrophically affected when governments of different regional countries imposed stringent movement restrictions & lockdowns to curb the spread of this dreadful disease.

The leading players in the industry faced several challenges like disruptions in the supply chain for raw materials, hampered transportation & logistics, shortage of labor, increased demand & supply gaps, & shutdown of manufacturing units.

Consequently, the prominent players witnessed substantial financial losses, which led to a temporary decline in the growth of the tire market. On the other hand, while the agriculture sector remained operational amidst the crisis, the demand for agriculture equipment & tires escalated swiftly and, in turn, projected a temporary hike in the market.

Nonetheless, governments uplifted the restrictions and allowed the recommencement of business operations with the gradually declining number of Covid-19 cases. As a result, the leading players have now resumed their business operations with increased production capacities to meet the burgeoning tire requirements. It, in turn, would lead the Asia-Pacific Tire Market to regain its usual pace, recover from losses, and witness steady growth during the forecast period.

1.      Introduction

1.1.   Research Process

1.2.   Product Overview

1.3.   Market Segmentation

1.4.   Assumptions

2.      Glossary

3.      Executive Summary

4.      Expert Verbatim- What our Experts Say?

5.      Asia-Pacific Tire Production Overview

6.      Asia-Pacific Tire Market Analysis, 2017-2027

6.1.   Market Size & Analysis

6.1.1.Market Revenues

6.1.2.Units Sold

6.2.   Market Share & Analysis

6.2.1.By Vehicle Type

6.2.1.1.  Passenger Car

6.2.1.2.  Light Commercial Vehicle (LCV)

6.2.1.3.  Medium and Heavy Commercial Vehicle (M&HCV)

6.2.1.4.  Two-Wheeler

6.2.1.5.  Three-Wheeler

6.2.1.6.  Off Road Tire (OTR)

6.2.2.By Demand Category

6.2.2.1.  OEMs

6.2.2.2.  Replacement Demand

6.2.3.By Tire Type

6.2.3.1.  Radial

6.2.3.2.  Bias

6.2.4.By Sales Channel

6.2.4.1.  Direct Sales

6.2.4.2.  Online

6.2.4.3.  Dealers/Distributors

6.2.4.4.  Others 

6.2.5.By Season

6.2.5.1.  All Season Tires

6.2.5.2.  Winter

6.2.5.3.  Summer Tires

6.2.6.By Rim Size

6.2.6.1.  Up to 12”

6.2.6.2.  12.1” to 15”

6.2.6.3.  15.1” to 18”

6.2.6.4.  18.1” to 20”

6.2.6.5.  20.1” to 22.5”

6.2.6.6.  22.6” to 26”

6.2.6.7.  26.1” to 35”

6.2.6.8.  35.1” to 47”

6.2.6.9.  Above 47”

6.2.7.By Country

6.2.7.1.  China

6.2.7.2.  India

6.2.7.3.  Japan

6.2.7.4.  South Korea

6.2.7.5.  Malaysia

6.2.7.6.  Indonesia

6.2.7.7.  Philippines

6.2.7.8.  Pakistan

6.2.7.9.  Bangladesh

6.2.7.10.         Vietnam

6.2.7.11.         Australia

6.2.7.12.         New Zealand

6.2.7.13.         Singapore

6.2.7.14.         Thailand

6.2.7.15.         Nepal

6.2.7.16.         Myanmar

6.2.8.By Leading Companies

6.2.8.1.  Market Share

6.2.8.2.  Strategic Factorial Indexing

6.2.8.3.  Competitors Alignment in Competition Quadrant

6.3.   Asia-Pacific Market Attractiveness Indexing

6.3.1.By Vehicle Type

6.3.2.By Demand Category

6.3.3.By Tire Type

6.3.4.By Country

6.4.   China Tire Market Analysis, 2017-2027

6.4.1.Market Size & Analysis

6.4.1.1.  Market Revenues

6.4.1.2.  Units Sold

6.4.2.Market Share & Analysis

6.4.2.1.  By Vehicle Type

6.4.2.2.  By Demand Category

6.4.2.3.  By Tire Type

6.4.2.4.  By Sales Channel

6.4.2.5.  By Season

6.4.2.6.  By Rim Size

6.5.   India Tire Market Analysis, 2017-2027

6.5.1.Market Size & Analysis

6.5.1.1.  Market Revenues

6.5.1.2.  Units Sold

6.5.2.Market Share & Analysis

6.5.2.1.  By Vehicle Type

6.5.2.2.  By Demand Category

6.5.2.3.  By Tire Type

6.5.2.4.  By Sales Channel

6.5.2.5.  By Season

6.5.2.6.  By Rim Size

6.6.   Japan Tire Market Analysis, 2017-2027

6.6.1.Market Size & Analysis

6.6.1.1.  Market Revenues

6.6.1.2.  Units Sold

6.6.2.Market Share & Analysis

6.6.2.1.  By Vehicle Type

6.6.2.2.  By Demand Category

6.6.2.3.  By Tire Type

6.6.2.4.  By Sales Channel

6.6.2.5.  By Season

6.6.2.6.  By Rim Size

6.7.   South Korea Tire Market Analysis, 2017-2027

6.7.1.Market Size & Analysis

6.7.1.1.  Market Revenues

6.7.1.2.  Units Sold

6.7.2.Market Share & Analysis

6.7.2.1.  By Vehicle Type

6.7.2.2.  By Demand Category

6.7.2.3.  By Tire Type

6.7.2.4.  By Sales Channel

6.7.2.5.  By Season

6.7.2.6.  By Rim Size

6.8.   Malaysia Tire Market Analysis, 2017-2027

6.8.1.Market Size & Analysis

6.8.1.1.  Market Revenues

6.8.1.2.  Units Sold

6.8.2.Market Share & Analysis

6.8.2.1.  By Vehicle Type

6.8.2.2.  By Demand Category

6.8.2.3.  By Tire Type

6.8.2.4.  By Sales Channel

6.8.2.5.  By Season

6.8.2.6.  By Rim Size

6.9.   Vietnam Tire Market Analysis, 2017-2027

6.9.1.Market Size & Analysis

6.9.1.1.  Market Revenues

6.9.1.2.  Units Sold

6.9.2.Market Share & Analysis

6.9.2.1.  By Vehicle Type

6.9.2.2.  By Demand Category

6.9.2.3.  By Tire Type

6.9.2.4.  By Sales Channel

6.9.2.5.  By Season

6.9.2.6.  By Rim Size

6.10. Philippines Tire Market Analysis, 2017-2027

6.10.1. Market Size & Analysis

6.10.1.1. Market Revenues

6.10.1.2. Units Sold

6.10.2. Market Share & Analysis

6.10.2.1. By Vehicle Type

6.10.2.2. By Demand Category

6.10.2.3. By Tire Type

6.10.2.4. By Sales Channel

6.10.2.5. By Season

6.10.2.6. By Rim Size

6.11. Australia Tire Market Analysis, 2017-2027

6.11.1. Market Size & Analysis

6.11.1.1. Market Revenues

6.11.1.2. Units Sold

6.11.2. Market Share & Analysis

6.11.2.1. By Vehicle Type

6.11.2.2. By Demand Category

6.11.2.3. By Tire Type

6.11.2.4. By Sales Channel

6.11.2.5. By Season

6.11.2.6. By Rim Size

6.12. Indonesia Tire Market Analysis, 2017-2027

6.12.1. Market Size & Analysis

6.12.1.1. Market Revenues

6.12.1.2. Units Sold

6.12.2. Market Share & Analysis

6.12.2.1. By Vehicle Type

6.12.2.2. By Demand Category

6.12.2.3. By Tire Type

6.12.2.4. By Sales Channel

6.12.2.5. By Season

6.12.2.6. By Rim Size

6.13. Thailand Tire Market Analysis, 2017-2027

6.13.1. Market Size & Analysis

6.13.1.1. Market Revenues

6.13.1.2. Units Sold

6.13.2. Market Share & Analysis

6.13.2.1. By Vehicle Type

6.13.2.2. By Demand Category

6.13.2.3. By Tire Type

6.13.2.4. By Sales Channel

6.13.2.5. By Season

6.13.2.6. By Rim Size

6.14. Singapore Tire Market Analysis, 2017-2027

6.14.1. Market Size & Analysis

6.14.1.1. Market Revenues

6.14.1.2. Units Sold

6.14.2. Market Share & Analysis

6.14.2.1. By Vehicle Type

6.14.2.2. By Demand Category

6.14.2.3. By Tire Type

6.14.2.4. By Sales Channel

6.14.2.5. By Season

6.14.2.6. By Rim Size

6.15. Bangladesh Tire Market Analysis, 2017-2027

6.15.1. Market Size & Analysis

6.15.1.1. Market Revenues

6.15.1.2. Units Sold

6.15.2. Market Share & Analysis

6.15.2.1. By Vehicle Type

6.15.2.2. By Demand Category

6.15.2.3. By Tire Type

6.15.2.4. By Sales Channel

6.15.2.5. By Season

6.15.2.6. By Rim Size

6.16. New Zealand Tire Market Analysis, 2017-2027

6.16.1. Market Size & Analysis

6.16.1.1. Market Revenues

6.16.1.2. Units Sold

6.16.2. Market Share & Analysis

6.16.2.1. By Vehicle Type

6.16.2.2. By Demand Category

6.16.2.3. By Tire Type

6.16.2.4. By Sales Channel

6.16.2.5. By Season

6.16.2.6. By Rim Size

6.17. Nepal Tire Market Analysis, 2017-2027

6.17.1. Market Size & Analysis

6.17.1.1. Market Revenues

6.17.1.2. Units Sold

6.17.2. Market Share & Analysis

6.17.2.1. By Vehicle Type

6.17.2.2. By Demand Category

6.17.2.3. By Tire Type

6.17.2.4. By Sales Channel

6.17.2.5. By Season

6.17.2.6. By Rim Size

6.18. Myanmar Tire Market Analysis, 2017-2027

6.18.1. Market Size & Analysis

6.18.1.1. Market Revenues

6.18.1.2. Units Sold

6.18.2. Market Share & Analysis

6.18.2.1. By Vehicle Type

6.18.2.2. By Demand Category

6.18.2.3. By Tire Type

6.18.2.4. By Sales Channel

6.18.2.5. By Season

6.18.2.6. By Rim Size

6.19. Pakistan Tire Market Analysis, 2017-2027

6.19.1. Market Size & Analysis

6.19.1.1. Market Revenues

6.19.1.2. Units Sold

6.19.2. Market Share & Analysis

6.19.2.1. By Vehicle Type

6.19.2.2. By Demand Category

6.19.2.3. By Tire Type

6.19.2.4. By Sales Channel

6.19.2.5. By Season

6.19.2.6. By Rim Size

7.      Asia-Pacific Tire Market Value Chain Analysis

8.      Asia-Pacific Tire Market Policies and Regulations

9.      Asia-Pacific Tire Market Trends & Insights

10.   Asia-Pacific Tire Market Dynamics

10.1.   Growth Drivers

10.2.   Challenges

10.3.   Impact Analysis

11.   Asia-Pacific Tire Market White Spaces, Hotspots & Opportunities

12.   Asia-Pacific Tire Market Key Strategic Imperatives for Growth & Success

13.   Asia-Pacific Tire Market Porters Five Forces Analysis

14.   Asia-Pacific Tire Market Competition Outlook

14.1.   Competition Matrix

14.1.1.   Product Portfolio

14.1.2.   Brand Specialization

14.1.3.   Target Markets

14.1.4.   Target End Users

14.1.5.   Research & Development

14.1.6.   Strategic Alliances

14.1.7.   Strategic Initiatives

14.2.   Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)

14.2.1. Goodyear

14.2.2. Bridgestone

14.2.3. Michelin

14.2.4. Continental

14.2.5. Sumitomo

14.2.6. Hankook

14.2.7. Kumho

14.2.8. Pirelli

14.2.9. Yokohama

14.2.10.   MRF

15.   About Us & Contact Details

Asia-Pacific Tire Market Segmentation
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