The Japan tire market is anticipated to grow with a modest CAGR of 2.3% during the forecast period (2020-2026). Passenger cars hold the largest market share in the Japanese tire industry. Around 146.5 million tiers were produced in 2019 in Japan, out of this, around 2/3 were of passenger cars. Nearly, 109 million passenger car tires were manufactured in Japan in 2019. It is followed by light trucks and truck & bus tiers respectively.
Replacement tiers sales in the country were around 72.5 million whereas OEM sales were 45.5 million in 2019. Sales of summer tiers were double of winter tiers. In 2019, around 23.8 million winter tiers were sold whereas the sales of summer tiers were 46.7 million in the same year (for replacement four-wheeled category only).
Browse the full report description of "Japan Tire Market Size, Share & Trends Analysis Report By Vehicle Type (Passenger Cars, Light & Medium Commercial Vehicle, Heavy Commercial Vehicle, Two-Wheeler and Other), By Road Application (All-Season Tire, Summer Tire, Winter Tire and Other), By Construction (Radial Tire and Bias Ply Tire), By Tire Type (Tubeless Tire and Tubbed Tire), By Sales Channel (OEM and Aftermarket) Forecast Period 2020-2026" at https://www.omrglobal.com/industry-reports/japan-tire-market
Expected growth in the global automotive market and increasing demand for high-performance tiers are among the major factor for the growth of the market as it will increase the export opportunity for the companies in the country. The country is the home to some of the global renowned tire manufacturers including Bridgestone Corp., Sumitomo Rubber Industries Ltd., The Yokohama Rubber Co, Ltd., Toyo Tire Corp. among others. These countries have a major market share in the country’s tire industry as well as exports domestic make tires all across the globe.
Market Coverage
o Vehicle Type
o Road Application
o Construction
o Tire Type
o Sales Channel
o Japan
Key Questions Addressed by the Report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region
Japan Tire Market Report Segment
By Vehicle Type
By Road Application
By Construction
By Tire Type
By Sales Channel
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