Market Research Report

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 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
  • 131
  • TR10204

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.

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

Market Segmentation

Based on Type of Vehicle:

  • Passenger Car
  • Light Commercial Vehicle
  • Buses and Trucks
  • Medium and Heavy Commercial Vehicles
  • Off the Road (OTR)
  • Two Wheelers
  • Three Wheeler

Amongst all vehicle types, passenger cars are anticipated to continue their dominance in the Australia Tire Market during the forecast period. It owes principally to the growing customer preference toward owning vehicles for commuting across Australia entwined with the changing living standards & increasing purchasing power of people, i.e., fueling the sales of these cars and swiftly augmenting the demand for tires in the country.

Additionally, prominent automakers & tire manufacturers introducing new passenger cars & tires in their product offerings are also expected to boost the sales of passenger cars & their tires and drive the market in the coming years.

On the other hand, Two-Wheelers are projected to demonstrate the fastest growth in the Australia Tire Market during the forecast period. It attributes principally to the mounting awareness among people about their benefits like easy commuting across small areas, cost-effectiveness for people with budgets, and easy parking. It, in turn, is positively influencing the demand for tires & driving the market.

Based on Type of Tire:

  • Radial 
  • Bias

Of both, Radial tires acquired the largest share of the Australia Tire Market in recent years. It owes to the increasing government focus on infrastructural developments by laying out several construction projects for roads, highways, buildings, complexes, etc. It, in turn, is propelling the demand for heavy commercial vehicles like bulldozers, excavators, cranes, etc., and augmenting the demand for radial tires, owing to their low rolling resistance, massive load capacity, stability on different terrains, firm grip, and flexible sidewalls.

In addition, with the growing number of mining activities for the excavation of metals like iron, gold, diamonds, etc., the demand for heavy vehicles is rising swiftly. It is further instigating the need for radial tires for their toughness, minimal fuel consumption rate, & robust grip on roads, among other advantages, and driving the Australia Tire Market through 2027.

Market Dynamics:

Key Driver: Increasing Construction Activities

Since the government of Australia is increasingly focusing on the development of the country's infrastructure, the number of construction projects for roads, highways, complexes, residential & commercial buildings, educational institutions, healthcare facilities, among others, is escalating swiftly. It, in turn, is propelling the demand for robust vehicles & construction equipment like bulldozers, cranes, excavators, and others.

As a result, this mounting demand for heavy vehicles is directly impacting the requirement for robust tires to deliver improved grips, stability on different terrains, and low rolling resistance & traction, among other capabilities. Therefore, automakers & tire manufacturers are seeking different opportunities to introduce new vehicles & tires and expand their production capacities to suffice the burgeoning tire requirement and boost the market in the coming years. 

Possible Restraints

  • Fluctuating Prices of Raw Materials

The volatility in prices of raw materials like rubber, crude oil, etc., is restraining tire manufacturers from producing large volumes of tires & resulting in overall expensive production. It, in turn, might act as a significant growth challenge for the Australia Tire Market and limit the demand for tires, especially among the cost-sensitive population, in the coming years.

  • Harmful Effects of Rubber 

Acids produced from rubber when burned for tire production are dangerous for both humans & the environment. Hence, the Australian government is laying out stringent regulations on the utilization of rubber for tires, which is another prominent aspect that might hamper the overall expansion of the Australia Tire Market during 2022-27.

Growth Opportunity: Growing Encouragement for the Adoption of Electric Vehicles (EVs)

With growing concerns over the alarming levels of pollution & environmental degradation, the government of Australia is taking initiatives for encouraging people to adopt Electric Vehicles (EVs) as an alternative for transportation in order to reduce dependency on non-renewable fuel & contribute to environmental sustainability. It, in turn, is generating growth opportunities for both automakers & tire manufacturers to introduce new vehicles & tires and expand their visibility across the country. Hence, the gradual adoption of these Electric Vehicles (EVs) is anticipated to positively influence the tire market across Australia in the coming years.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Australia Tire Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Australia Tire Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Australia Tire Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Australia Tire Market study?

Frequently Asked Questions

   A. The Australia Tire Market is projected to grow at a CAGR of around 4% during 2022-27.

   A. Radial tire is anticipated to emerge as an area of remunerative opportunities for the leading players in the Australia Tire Market during 2022-27.

   A. Increasing encouragement for the adoption of Electric Vehicles (EVs), coupled with surging infrastructure developments, are projecting an increasing number of construction projects and the growing demand for heavy vehicles, which, in turn, would positively influence the Australia Tire Market & generate growth opportunities for the leading players through 2027.

   A. In the coming years, automakers & tire manufacturers are anticipated to introduce new vehicles & tire models, respectively, and increase their production capabilities to meet the burgeoning consumer demand augment the sales of vehicles across Australia. It shall enable the Australia Tire Market to again its usual growth pace and recover from losses during the forecast period.

1.     Introduction

1.1.   Product Definition

1.2.   Research Process

1.3.   Assumptions

1.4.   Market Segmentation

2.     Executive Summary

3.     Experts Verbatim-What our experts say?

4.     Australia 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.     Australia Tire Market Analysis, 2017- 2027

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  Direct Sales

5.2.5. By Season  All season  Summer

5.2.6. By Price Category  Budget (Up to USD90)  Economy (USD91-USD140)  Premium (Above USD140)

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 Region  West  North  South  Queensland  New South Wales  Victoria

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

6.     Australia Passenger Car Tire Market Analysis, 2017- 2027

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

6.2.8. By Region

7.     Australia Light Commercial Vehicle Tire Market, 2017-2027

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

7.2.8. By Region

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

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

8.2.8. By Region

9.     Australia Two-Wheeler Tire Market, 2017-2027

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

9.2.8. By Region

10.  Australia OTR Vehicle Tire Market, 2017-2027

10.1.Market Size & Analysis

10.1.1.   Market Revenue

10.2.Market Share & Analysis

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

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

10.2.8.   By Region

11.  Australia Tire Market Policies, Regulations, Product and Services Standards

12.  Australia Tire Market Trends & Insights

13.  Australia Tire Market Dynamics

13.1.Growth Drivers


13.3.Impact Analysis

14.  Australia Tire Market Hotspot & Opportunities

15.  Australia Tire Market Key Strategic Imperatives for Success & Growth

16.  Australia Competition Outlook

16.1.  Competition Matrix

16.1.1. Product and Services Portfolio

16.1.2. Brand Specialization

16.1.3. Target Markets

16.1.4. Target End Users

16.1.5. Research & Development

16.1.6. Strategic Alliances

16.1.7. Strategic Initiatives

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

16.2.1.   Bridgestone

16.2.2.   Goodyear and Dunlop Tyres

16.2.3.   Continental

16.2.4.   Yokohama

16.2.5.   Michelin

16.2.6.   Pirelli

16.2.7.   Kumho

16.2.8.   Hankook

16.2.9.   Toyo

16.2.10.  Federal tyres Australia

17.  Disclaimer

Australia Tire Market Segmentation