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Asia Pacific Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 145 pages | ID: AAC0CD2CBA34EN
IMARC Group

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The Asia Pacific tire market size reached 1,200 Million Units in 2022. Looking forward, IMARC Group expects the market to reach 1,550 Million Units by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.

Increasing demand for vehicles, growing replacement demand, declining prices of rubber and increasing production in the region represent some of the key factors contributing to the growth of the Asia Pacific tire industry. Furthermore, rising demand for secondhand vehicles in countries such as India, China, Indonesia, Malaysia, etc., is expected to drive the market for the replacement tire industry. Additionally, increasing investment towards infrastructure projects such as roads, bridges, and tunnels, have been able to increase the connectivity across the Asia Pacific region, this is also catalyzing the demand for tires across the region.

The increasing demand for tires in the Asia Pacific region is also being driven by the increasing automobile production along with the expanding fleet size. In addition to this, the rising consumer living standards supported by their growing disposable income levels have also boosted automobile sales, thereby propelling the demand for tires in the region. Furthermore, the increasing usage of both light and heavy commercial vehicles in logistics and construction activities has also augmented the market growth. Additionally, the growing popularity of next-generation and high-performance tires for luxury and premium cars is also driving the market growth. Apart from this, the increasing demand for replacement tires owing to the large consumer base of passenger cars and the high replacement rate of tires after certain usage limit, is further bolstering the demand of tires in the region.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific tire market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on radial/bias tires, end-use, vehicle type, size and distribution channel.

Breakup by Radial/Bias Tires:

Radial
Bias

Breakup by End-Use:

OEM
Replacement

Breakup by Vehicle Type:

Passenger Cars
Light Commercial Vehicles
Medium and Heavy Commercial Vehicles
Two-Wheelers
Off-The-Road (OTR)
Three- Wheelers

Breakup by Size:

Passenger Cars
Market Breakup by Rim Size
Market Breakup by Tire Size
Market Breakup by Price Range
Light Commercial Vehicles
Market Breakup by Rim Size
Market Breakup by Tire Size
Market Breakup by Price Range
Medium and Heavy Commercial Vehicles
Market Breakup by Rim Size
Market Breakup by Tire Size
Market Breakup by Price Range
Two-Wheelers
Market Breakup by Rim Size
Market Breakup by Tire Size
Market Breakup by Price Range
Three- Wheelers
Market Breakup by Rim Size
Market Breakup by Tire Size
Market Breakup by Price Range
Off-The-Road (OTR)
Market Breakup by Rim Size
Market Breakup by Tire Size
Market Breakup by Price Range

Breakup by Distribution Channel:

Offline
Online

Breakup by Country:

China
India
Japan
Australia
South Korea
Thailand
Indonesia
Malaysia
Pakistan
Others

Competitive Landscape:
The competitive landscape of the industry has also been examined with some of the key players being Michelin, Bridgestone Corporation, Continental AG, Goodyear Tire & Rubber Company, Sumitomo Corporation, Pirelli C. S.p.A., Yokohama Tire Corporation, Hankook Tire & Technology Co., Ltd., Toyo Tire Corporation, Kumho Tire Co., Ltd., etc.

Key Questions Answered in This Report:
How has the Asia Pacific tire market performed so far and how will it perform in the coming years?
What are the key end-use segments in the Asia Pacific tire industry?
What has been the impact of COVID-19 on the Asia Pacific tire industry?
What are the key vehicle types in the Asia Pacific tire industry?
What are the key distribution channels in the Asia Pacific tire industry?
What is the regional breakup of the Asia Pacific tire industry?
What are the various stages in the value chain of the Asia Pacific tire industry?
What are the key driving factors and challenges in the Asia Pacific tire industry?
What is the structure of the Asia Pacific tire industry and who are the key players?
What is the degree of competition in the Asia Pacific tire industry?
What are the profit margins in the Asia Pacific tire industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 ASIA-PACIFIC TIRE INDUSTRY

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY RADIAL/BIAS TIRES

6.1 Radial
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Bias
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY END-USE

7.1 OEM
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Replacement
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY VEHICLE TYPE

8.1 Passenger Cars
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Light Commercial Vehicles
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Medium and Heavy Commercial Vehicles
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Two-Wheelers
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Off-The-Road (OTR)
  8.5.1 Market Trends
  8.5.2 Market Forecast
8.6 Three-Wheelers
  8.6.1 Market Trends
  8.6.2 Market Forecast

9 MARKET BREAKUP BY SIZE

9.1 Passenger Cars
  9.1.1 Market Breakup by Rim Size
  9.1.2 Market Breakup by Tire Size
  9.1.3 Market Breakup by Price Range
9.2 Light Commercial Vehicles
  9.2.1 Market Breakup by Rim Size
  9.2.2 Market Breakup by Tire Size
  9.2.3 Market Breakup by Price Range
9.3 Medium and Heavy Commercial Vehicles
  9.3.1 Market Breakup by Rim Size
  9.3.2 Market Breakup by Tire Size
  9.3.3 Market Breakup by Price Range
9.4 Two-Wheelers
  9.4.1 Market Breakup by Rim Size
  9.4.2 Market Breakup by Tire Size
  9.4.3 Market Breakup by Price Range
9.5 Off-The-Road (OTR)
  9.5.1 Market Breakup by Rim Size
  9.5.2 Market Breakup by Tire Size
  9.5.3 Market Breakup by Price Range
9.6 Three-Wheelers
  9.6.1 Market Breakup by Rim Size
  9.6.2 Market Breakup by Tire Size
  9.6.3 Market Breakup by Price Range

10 MARKET BREAKUP BY DISTRIBUTION CHANNEL

10.1 Offline
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Online
  10.2.1 Market Trends
  10.2.2 Market Forecast

11 MARKET BREAKUP BY COUNTRY

11.1 China
  11.1.1 Market Trends
  11.1.2 Market Forecast
11.2 India
  11.2.1 Market Trends
  11.2.2 Market Forecast
11.3 Japan
  11.3.1 Market Trends
  11.3.2 Market Forecast
11.4 Australia
  11.4.1 Market Trends
  11.4.2 Market Forecast
11.5 Indonesia
  11.5.1 Market Trends
  11.5.2 Market Forecast
11.6 South Korea
  11.6.1 Market Trends
  11.6.2 Market Forecast
11.7 Thailand
  11.7.1 Market Trends
  11.7.2 Market Forecast
11.8 Malaysia
  11.8.1 Market Trends
  11.8.2 Market Forecast
11.9 Pakistan
  11.9.1 Market Trends
  11.9.2 Market Forecast
11.10 Other Regions
  11.10.1 Market Trends
  11.10.2 Market Forecast

12 TIRE PRICING ANALYSIS

12.1 Price Indicators
12.2 Cost Structure and Margins
12.3 Manufacturer and Distributor Prices
12.4 Price Trends and Forecast

13 SWOT ANALYSIS

13.1 Overview
13.2 Strengths
13.3 Weaknesses
13.4 Opportunities
13.5 Threats

14 VALUE CHAIN ANALYSIS

15 PORTERS FIVE FORCES ANALYSIS

15.1 Overview
15.2 Bargaining Power of Buyers
15.3 Bargaining Power of Suppliers
15.4 Degree of Competition
15.5 Threat of New Entrants
15.6 Threat of Substitutes

16 COMPETITIVE LANDSCAPE

16.1 Market Share and Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 Michelin
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
    16.3.1.3 Financials
    16.3.1.4 SWOT Analysis
  16.3.2 Bridgestone Corporation
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
    16.3.2.3 Financials
    16.3.2.4 SWOT Analysis
  16.3.3 Continental AG
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
    16.3.3.3 Financials
    16.3.3.4 SWOT Analysis
  16.3.4 Goodyear Tire & Rubber Company
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
    16.3.4.3 Financials
    16.3.4.4 SWOT Analysis
  16.3.5 Sumitomo Corporation
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
    16.3.5.3 Financials
    16.3.5.4 SWOT Analysis
  16.3.6 Pirelli C. S.p.A.
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
    16.3.6.3 Financials
    16.3.6.4 SWOT Analysis
  16.3.7 Yokohama Tire Corporation
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
    16.3.7.3 Financials
    16.3.7.4 SWOT Analysis
  16.3.8 Hankook Tire & Technology Co., Ltd
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
    16.3.8.3 Financials
    16.3.8.4 SWOT Analysis
  16.3.9 Toyo Tire Corporation
    16.3.9.1 Company Overview
    16.3.9.2 Product Portfolio
    16.3.9.3 Financials
    16.3.9.4 SWOT Analysis
  16.3.10 Kumho Tire Co., Ltd.
    16.3.10.1 Company Overview
    16.3.10.2 Product Portfolio
    16.3.10.3 Financials
    16.3.10.4 SWOT Analysis

LIST OF TABLES

Table 1: Asia-Pacific: Tire Market: Key Industry Highlights, 2022 and 2028
Table 2: Asia-Pacific: Tire Market Forecast: Breakup by Radial/Bias Tires (in Million Units), 2023-2028
Table 3: Asia-Pacific: Tire Market Forecast: Breakup by End-Use (in Million Units), 2023-2028
Table 4: Asia-Pacific: Tire Market Forecast: Breakup by Vehicle Type (in Million Units), 2023-2028
Table 5: Asia-Pacific: Tire Market Forecast: Breakup by Size (in Million Units), 2023-2028
Table 6: Asia-Pacific: Tire Market Forecast: Breakup by Distribution Channel (in Million Units), 2023-2028
Table 7: Asia-Pacific: Tire Market Forecast: Breakup by Country (in Million Units), 2023-2028
Table 8: Asia-Pacific: Tire Market: Competitive Structure
Table 9: Asia-Pacific: Tire Market: Key Players

LIST OF FIGURES

Figure 1: Asia-Pacific: Tire Market: Major Drivers and Challenges
Figure 2: Asia-Pacific: Tire Market: Sales Volume (in Million Units), 2017-2022
Figure 3: Asia-Pacific: Tire Market: Breakup by Radial/Bias Tires (in %), 2022
Figure 4: Asia-Pacific: Tire Market: Breakup by End-Use (in %), 2022
Figure 5: Asia-Pacific: Tire Market: Breakup by Vehicle Type (in %), 2022
Figure 6: Asia-Pacific: Tire Market: Breakup by Size (in %), 2022
Figure 7: Asia-Pacific: Tire Market: Breakup by Distribution Channel (in %), 2022
Figure 8: Asia-Pacific: Tire Market: Breakup by Country (in %), 2022
Figure 9: Asia-Pacific: Tire Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 10: Asia-Pacific: Tire (Radial) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 11: Asia-Pacific: Tire (Radial) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 12: Asia-Pacific: Tire (Bias) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 13: Asia-Pacific: Tire (Bias) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 14: Asia-Pacific: Tire (OEM) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 15: Asia-Pacific: Tire (OEM) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 16: Asia-Pacific: Tire (Replacement) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 17: Asia-Pacific: Tire (Replacement) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 18: Asia-Pacific: Tire (Passenger Cars Market: Sales Volume (in Million Units), 2017 & 2022
Figure 19: Asia-Pacific: Tire (Passenger Cars) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 20: Asia-Pacific: Tire (Light Commercial Vehicles) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 21: Asia-Pacific: Tire (Light Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 22: Asia-Pacific: Tire (Medium and Heavy Commercial Vehicles) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 23: Asia-Pacific: Tire (Medium and Heavy Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 24: Asia-Pacific: Tire (Two-Wheelers) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 25: Asia-Pacific: Tire (Two-Wheelers) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 26: Asia-Pacific: Tire (Off-The-Road) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 27: Asia-Pacific: Tire (Off-The-Road) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 28: Asia-Pacific: Tire (Three-Wheelers) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 29: Asia-Pacific: Tire (Three- Wheelers) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 30: Asia-Pacific: Tire (Passenger Cars) Market: Breakup by Rim Size (in %), 2022
Figure 31: Asia-Pacific: Tire (Passenger Cars) Market: Breakup by Tire Size (in %), 2022
Figure 32: Asia-Pacific: Tire (Passenger Cars) Market: Breakup by Price Range (in %), 2022
Figure 33: Asia-Pacific: Tire (Light Commercial Vehicles) Market: Breakup by Rim Size (in %), 2022
Figure 34: Asia-Pacific: Tire (Light Commercial Vehicles) Market: Breakup by Tire Size (in %), 2022
Figure 35: Asia-Pacific: Tire (Light Commercial Vehicles) Market: Breakup by Price Range (in %), 2022
Figure 36: Asia-Pacific: Tire (Medium and Heavy Commercial Vehicles) Market: Breakup by Rim Size (in %), 2022
Figure 37: Asia-Pacific: Tire (Medium and Heavy Commercial Vehicles) Market: Breakup by Tire Size (in %), 2022
Figure 38: Asia-Pacific: Tire (Medium and Heavy Commercial Vehicles) Market: Breakup by Price Range (in %), 2022
Figure 39: Asia-Pacific: Tire (Two Wheelers) Market: Breakup by Rim Size (in %), 2022
Figure 40: Asia-Pacific: Tire (Two Wheelers) Market: Breakup by Tire Size (in %), 2022
Figure 41: Asia-Pacific: Tire (Two Wheelers) Market: Breakup by Price Range (in %), 2022
Figure 42: Asia-Pacific: Tire (Three Wheelers) Market: Breakup by Rim Size (in %), 2022
Figure 43: Asia-Pacific: Tire (Three Wheelers) Market: Breakup by Tire Size (in %), 2022
Figure 44: Asia-Pacific: Tire (Three Wheelers) Market: Breakup by Price Range (in %), 2022
Figure 45: Asia-Pacific: Tire (Off-The-Road) Market: Breakup by Rim Size (in %), 2022
Figure 46: Asia-Pacific: Tire (Off-The-Road) Market: Breakup by Tire Size (in %), 2022
Figure 47: Asia-Pacific: Tire (Off-The-Road) Market: Breakup by Price Range (in %), 2022
Figure 48: Asia-Pacific: Tire (Offline) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 49: Asia-Pacific: Tire (Offline) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 50: Asia-Pacific: Tire (Online) Market: Sales Volume (in Million Units), 2017 & 2022
Figure 51: Asia-Pacific: Tire (Online) Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 52: China: Tire Market: Sales Volume (in Million Units), 2017 & 2022
Figure 53: China: Tire Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 54: India: Tire Market: Sales Volume (in Million Units), 2017 & 2022
Figure 55: India: Tire Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 56: Japan: Tire Market: Sales Volume (in Million Units), 2017 & 2022
Figure 57: Japan: Tire Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 58: Australia: Tire Market: Sales Volume (in Million Units), 2017 & 2022
Figure 59: Australia: Tire Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 60: South Korea: Tire Market: Sales Volume (in Million Units), 2017 & 2022
Figure 61: South Korea: Tire Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 62: Thailand: Tire Market: Sales Volume (in Million Units), 2017 & 2022
Figure 63: Thailand: Tire Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 64: Indonesia: Tire Market: Sales Volume (in Million Units), 2017 & 2022
Figure 65: Indonesia: Tire Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 66: Malaysia: Tire Market: Sales Volume (in Million Units), 2017 & 2022
Figure 67: Malaysia: Tire Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 68: Pakistan: Tire Market: Sales Volume (in Million Units), 2017 & 2022
Figure 69: Pakistan: Tire Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 70: Other Regions: Tire Market: Sales Volume (in Million Units), 2017 & 2022
Figure 71: Other Regions: Tire Market Forecast: Sales Volume (in Million Units), 2023-2028
Figure 72: Asia-Pacific: Tire Industry: SWOT Analysis
Figure 73: Asia-Pacific: Tire Industry: Value Chain Analysis
Figure 74: Asia-Pacific: Tire Industry: Porter’s Five Forces Analysis


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