Bangladesh Tire

Bangladesh Tire Market Research Report: Forecast (2022-27)

By Type of Vehicles (Passenger Car, Light Commercial Vehicle, Medium and Heavy Commercial Vehicles, Off the Road (OTR), Two Wheelers, Three Wheeler), By Demand Category (OEM and Replacement), By Type Read more

  • Tire
  • Feb 2022
  • 138
  • TR10206

Market Overview

Bangladesh’s tire industry highly depends on imports from several countries like China, India, Japan, & Indonesia, among others. It has improper infrastructure for setting up tire production facilities, unavailability of raw materials like natural rubber, lack of skilled professionals & capital investment, etc.

However, the government of Bangladesh is actively working on seeking ways to counter its dependence on the import of tires and laying out tax exemptions as opportunity areas for several leading tire manufacturers. With this, the tire market in Bangladesh shall observe both significant ups & downs in the coming years.

Market Insights

The Bangladesh Tire Market is projected to grow at a CAGR of around 2.4% during the forecast period, i.e., 2022-27. Since Bangladesh mostly relies on the import of tires & automobile components for the sustainability of its automotive sector, the tire market might witness slow growth in the coming years. It owes principally to the implementation of several policies by the Bangladesh government emphasizing the development of road infrastructure.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR(2022-27) 2.4%
Key Companies Profiled Bridgestone, Goodyear and Dunlop Tyres, Continental, Yokohama, Michelin, Hankook, Toyo, MRF Tyres, Apollo Tyres
Unit Denominations USD Million/Billion


It shall augment the vehicle sales in the country and make a direct impact on the tire industry over the forecast years. Besides, the country's mounting demand-supply gap and its import dependence on countries like China, India, Japan, & Indonesia are generating growth opportunities for the leading players to bridge the gap & enter the tire market. 

This dependence on the import of tires & vehicle components is because the country lacks raw materials like natural rubber, native manufacturing units, skilled professionals, & prolonged political instability. Nonetheless, these scenarios are anticipated to witness a paradigm shift and propel the overall market growth in the coming years.

Key Trend in the Bangladesh Tire Market

  • Growing Government Support through Policies & Encouragement for Electric Vehicle Adoption

Since the country lacks capital investment for the sustainability of the automotive & tire industry, the government is seeking measures to support the industry expansion. Hence, with a rising number of tax exemptions for tire manufacturing entwined with the increasing encouragement for the adoption of Electric Vehicles (EV), the tire industry is expanding. Moreover, norms like Automobile Industry Development Policy-2020, which aims to reach the goal of at least 15% EV registrations by 2030 as a step forward in reducing carbon emissions, are projected to boost the Bangladesh Tire Market over the coming years.

1.     Introduction

1.1.   Market Segmentation

1.2.   Product Definition

1.3.   Research Process

1.4.   Assumptions

2.     Executive Summary

3.     Experts Verbatim-What our experts say?

4.     Bangladesh Tire Market Voice of Customer

4.1.   Brand Awareness

4.2.   End User Expectations

4.3.   Key Factors Impacting Vendor Selection

4.4.   Key Issues Encountered

4.5.   Vendor’s Receptiveness to Address Key Customer Issues

4.6.   Future Requirements

5.     Bangladesh Tire Market Analysis, 2017-2027F

5.1.   Market Size & Analysis

5.1.1. Market Revenue

5.1.2. Units Sold

5.2.   Market Share & Analysis

5.2.1. By Type of Vehicles  Passenger Car  Light Commercial Vehicle  Buses and Trucks  Medium and Heavy Commercial Vehicles  Off the Road (OTR)  Two Wheelers  Three Wheeler

5.2.2. By Demand Category  OEM  Replacement

5.2.3. By Type of Tire  Radial  Bias

5.2.4. By Sales Channel  Dealer/Exclusive Outlets  Online

5.2.5. By Season  All season  Summer

5.2.6. By Price Category  Budget  Economy  Premium

5.2.7. By Rim Diameter  Upto 12”  12.1” to 15”  15.1.” to 18”  18.1” to 20”  20.1” to 22.5”  22.6” to 26”  26.1” to 35”  35.1” to 47”  Above 47”

5.2.8. By Company  Revenue Shares  Strategic Factorial Indexing  Competitor Placement in MarkNtel Quadrant

6.     Bangladesh Passenger Car Tire Market Analysis, 2017-2027F

6.1.   Market Size & Analysis

6.1.1. Market Revenue

6.2.   Market Share & Analysis

6.2.1. By Type of Vehicle  Sedan  SUV  Hatchbacks  Others

6.2.2. By Demand Category

6.2.3. By Type of Tire

6.2.4. By Sales Channel

6.2.5. By Season

6.2.6. By Price Category

6.2.7. By Rim Diameter

7.     Bangladesh Light Commercial Vehicle Tire Market, 2017-2027F

7.1.   Market Size & Analysis

7.1.1. Market Revenue

7.2.   Market Share & Analysis

7.2.1. By Type of Vehicle  Light Trucks  Light Buses  Pick-up Trucks and Vans

7.2.2. By Demand Category

7.2.3. By Type of Tire

7.2.4. By Sales Channel

7.2.5. By Season

7.2.6. By Price Category

7.2.7. By Rim Diameter

8.     Bangladesh Medium Heavy Commercial Vehicle Tire Market, 2017-2027F

8.1.   Market Size & Analysis

8.1.1. Market Revenue

8.2.   Market Share & Analysis

8.2.1. By Type of Vehicle  Trucks  Buses

8.2.2. By Demand Category

8.2.3. By Type of Tire

8.2.4. By Sales Channel

8.2.5. By Season

8.2.6. By Price Category

8.2.7. By Rim Diameter

9.     Bangladesh Two-Wheeler Tire Market, 2017-2027F

9.1.   Market Size & Analysis

9.1.1. Market Revenue

9.2.   Market Share & Analysis

9.2.1. By Type of Vehicle  Scooters  Mopeds  Motorcycles

9.2.2. By Demand Category

9.2.3. By Type of Tire

9.2.4. By Sales Channel

9.2.5. By Season

9.2.6. By Price Category

9.2.7. By Rim Diameter

10.  Bangladesh Three-Wheeler Tire Market, 2017-2027F

10.1. Market Size & Analysis

10.1.1.   Market Revenue

10.2. Market Share & Analysis

10.2.1. By Type of Vehicle Passenger Carrier Load Carrier

10.2.2. By Demand Category

10.2.3. By Type of Tire

10.2.4. By Sales Channel

10.2.5. By Season

10.2.6. By Price Category

10.2.7. By Rim Diameter

11.  Bangladesh OTR Vehicle Tire Market, 2017-2027F

11.1. Market Size & Analysis

11.1.1.   Market Revenue

11.2. Market Share & Analysis

11.2.1. By Type of Vehicle   Earthmoving Equipment   Construction and Agricultural Vehicles   Material Handling Vehicles

11.2.2.   By Demand Category

11.2.3.   By Type of Tire

11.2.4.   By Sales Channel

11.2.5.   By Season

11.2.6.   By Price Category

11.2.7.   By Rim Diameter

12.  Bangladesh Tire Market Policies, Regulations, Product and Services Standards

13.  Bangladesh Tire Market Trends & Insights

14.  Bangladesh Tire Market Dynamics

14.1. Growth Drivers

14.2. Challenges

14.3. Impact Analysis

15.  Bangladesh Tire Market Hotspot & Opportunities

16.  Bangladesh Tire Market Key Strategic Imperatives for Success & Growth

17.  Bangladesh Competition Outlook

17.1.  Competition Matrix

17.1.1. Product and Services Portfolio

17.1.2. Brand Specialization

17.1.3. Target Markets

17.1.4. Target End Users

17.1.5. Research & Development

17.1.6. Strategic Alliances

17.1.7. Strategic Initiatives

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

17.2.1.   Bridgestone

17.2.2.   Goodyear and Dunlop Tyres

17.2.3.   Continental

17.2.4.   Yokohama

17.2.5.   Michelin

17.2.6.   Hankook

17.2.7.   Toyo

17.2.8.   MRF Tyres

17.2.9.   JK Tyres

17.2.10.  Apollo Tyres

18.  Disclaimer

Bangladesh Tire Market Segmentation
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