Talk to our Consultant - Australia Tire Market |CAGR 4% during 2022-2027- MarkNtel

Australia Tire Market Research Report Forecast: (2022-2027)

By Type of Vehicle (Passenger Car, Light Commercial Vehicle, Buses & Trucks, Medium & Heavy Commercial Vehicles, Off the Road (OTR), Two Wheelers, Three Wheeler), By Type of Tire (Radial, Bias), By De... ... Radial, Bias), By Demand Category (OEM, Replacement), By Sales Channel (Dealer/Exclusive Outlets, Online, Direct Sales), By Season (All-Season, Summer), By Price Category (Budget (Up to USD90), Economy (USD91-USD140), Premium (Above USD140)), 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”), By Region (West, North, South, Queensland, New South Wales, Victoria), By Companies (Bridgestone, Goodyear & Dunlop Tyres, Continental, Yokohama, Michelin, Pirelli, Kumho, Hankook, Toyota, Federal Tyres Australia) Read more

Tire
Mar 2022
Pages 131
Report Format: PDF, Excel, PPT

Market Overview

Australia is amongst the most prominent destinations for countries like the US for automotive component exports. Yet, the exports are now becoming challenging as automakers (like Ford & Toyota) are ceasing manufacturing facilities, resulting in all vehicle imports in the country.

On this end, the government of Australia imposed bans on the export of whole baled scrap tires in 2021 to reduce waste, enhance the recycling rates, and build a recycling industry in Australia.

Exporters in the country now require a license for shipping tires overseas. The waste tires are banned except for those processed into crumbs, granules, shreds, processed into fuel, exported for retreading, & those that would be reused in vehicles overseas.

Market Insights

The Australia Tire Market is projected to grow at around 4% CAGR during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven by the rapidly increasing number of large-scale construction projects, including the development of roads, highways, & buildings, among others, owing to the mounting focus of the Australian government on infrastructural developments. It, in turn, is augmenting the demand for several heavy commercial vehicles.

Report Coverage	Details
Study Period	Historical Data: 2017-20
	Base Year: 2021
	Forecast Period: 2022-27
CAGR(2022-27)	4%
Region Covered	West, North, South, Queensland, New South Wales, Victoria
Key Companies Profiled	Bridgestone, Goodyear and Dunlop Tyres, Continental, Yokohama, Michelin, Pirelli, Kumho, Hankook, Toyo, Federal tyres Australia
Unit Denominations	USD Million/Billion

Hence, the requirement for Off-the-Road (OTR) tires for applications like loading, excavating, bulldozers, trenchers, etc., is escalating swiftly & driving the tire market in the country. In addition, the presence of minerals, coal, & metal mines and a considerable space for large-scale mining is another prominent aspect soaring the demand for OTR tires for heavy vehicles engaged in such projects.

Besides, the growing popularity of sports bikes & cars, especially among the younger population, entwined with increasing tourism in the country, is boosting the sales of SUVs & Motorbikes and, in turn, augmenting the demand for robust tires. Moreover, gradually rising migration in Australia is another crucial aspect behind the mounting sales of vehicles, thereby boosting the tire market.

Key Trend in the Australia Tire Market

Growing Focus of the Australian Government toward Infrastructural Developments

With the escalating need for improved road connectivity & better infrastructure in the country, the government of Australia is investing substantially in several construction projects, owing to which the demand for light & heavy commercial vehicles is increasing significantly. It, in turn, is fueling the need for tires with firm grips, better load capacity, greater stability, low rolling resistance, and improved traction.

Hence, it is generating growth opportunities for the automakers & tire manufacturers to accelerate their production capabilities, introduce new tires & vehicles, expand their product portfolio & visibility, and contribute to the Australia Tire Market expansion through 2027.

Impact of Covid-19 on the Australia Tire Market

The Covid-19 pandemic had a decelerating impact on most industries where the Australia Tire Market was no exception. The travel bans & hampered transportation & logistics resulted in disruption of the export-import business. Besides, the subsequent contractions in the kilometers driven and the severely reduced new registrations caused significant demand-supply gaps. Moreover, the hindrance in the supply chains further resulted in the shortage of raw materials and delays in the deliveries of pre-produced tires. Several tire manufacturers had to reduce their production capabilities & eventually shut down the facilities due to the growing shortage of raw materials & labor.

However, with the gradual improvement in the pandemic situation & a declining number of cases, the Australian government uplifted the restrictions & allowed automotive & tire manufacturing units to resume their operations. It, in turn, generated growth opportunities for the leading players to increase their manufacturing capacities and introduce new product lines to meet the burgeoning demand for tires.

Introduction
1. Product Definition
2. Research Process
3. Assumptions
4. Market Segmentation
Executive Summary
Experts Verbatim-What our experts say?
Australia Tire Market Voice of Customer
1. Brand Awareness
2. End User Expectations
3. Key Factors Impacting Vendor Selection
4. Key Issues Encountered
5. Vendor’s Receptiveness to Address Key Customer Issues
6. Future Requirements
Australia Tire Market Analysis, 2017- 2027
1. Market Size & Analysis
  1. Market Revenue
  2. Units Sold
2. Market Share & Analysis
  1. By Type of Vehicles
    1. Passenger Car
    2. Light Commercial Vehicle
    3. Buses and Trucks
    4. Medium and Heavy Commercial Vehicles
    5. Off the Road (OTR)
    6. Two Wheelers
    7. Three Wheeler
  2. By Demand Category
    1. OEM
    2. Replacement
  3. By Type of Tire
    1. Radial
    2. Bias
  4. By Sales Channel
    1. Dealer/Exclusive Outlets
    2. Online
    3. Direct Sales
  5. By Season
    1. All season
    2. Summer
  6. By Price Category
    1. Budget (Up to USD90)
    2. Economy (USD91-USD140)
    3. Premium (Above USD140)
  7. By Rim Diameter
    1. Upto 12”
    2. 12.1” to 15”
    3. 15.1.” to 18”
    4. 18.1” to 20”
    5. 20.1” to 22.5”
    6. 22.6” to 26”
    7. 26.1” to 35”
    8. 35.1” to 47”
    9. Above 47”
  8. By Region
    1. West
    2. North
    3. South
    4. Queensland
    5. New South Wales
    6. Victoria
  9. By Company
    1. Revenue Shares
    2. Strategic Factorial Indexing
    3. Competitor Placement in MarkNtel Quadrant
Australia Passenger Car Tire Market Analysis, 2017- 2027
1. Market Size & Analysis
  1. Market Revenue
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Sedan
    2. SUV
    3. Hatchbacks
    4. Others
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
Australia Light Commercial Vehicle Tire Market, 2017-2027
1. Market Size & Analysis
  1. Market Revenue
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Light Trucks
    2. Light Buses
    3. Pick-up Trucks and Vans
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
Australia Medium Heavy Commercial Vehicle Tire Market, 2017-2027
1. Market Size & Analysis
  1. Market Revenue
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Trucks
    2. Buses
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
Australia Two-Wheeler Tire Market, 2017-2027
1. Market Size & Analysis
  1. Market Revenue
2. Market Share & Analysis
  1. By Type of Vehicle
    1. Scooters
    2. Mopeds
    3. Motorcycles
  2. By Demand Category
  3. By Type of Tire
  4. By Sales Channel
  5. By Season
  6. By Price Category
  7. By Rim Diameter
  8. By Region
Australia OTR Vehicle Tire Market, 2017-2027
1. Market Size & Analysis
  1. Market Revenue
2. Market Share & Analysis
  1. By Type of Vehicle
  2. Earthmoving Equipment
  3. Construction and Agricultural Vehicles
  4. Material Handling Vehicles
3. By Demand Category
  1. By Type of Tire
  2. By Sales Channel
  3. By Season
  4. By Price Category
  5. By Rim Diameter
  6. By Region
Australia Tire Market Policies, Regulations, Product and Services Standards
Australia Tire Market Trends & Insights
Australia Tire Market Dynamics
1. Growth Drivers
2. Challenges
3. Impact Analysis
Australia Tire Market Hotspot & Opportunities
Australia Tire Market Key Strategic Imperatives for Success & Growth
Australia Competition Outlook
1. Competition Matrix
  1. Product and Services Portfolio
  2. Brand Specialization
  3. Target Markets
  4. Target End Users
  5. Research & Development
  6. Strategic Alliances
  7. Strategic Initiatives
2. Company Profiles (Business Description, Product and Services Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
  1. Bridgestone
  2. Goodyear and Dunlop Tyres
  3. Continental
  4. Yokohama
  5. Michelin
  6. Pirelli
  7. Kumho
  8. Hankook
  9. Toyo
  10. Federal tyres Australia
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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