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Asia Pacific OTR Tire Market to Reach 58.72 Million Units by 2027, Catalyzed by Increasing Number of Large-Scale Construction Projects

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Asia Pacific OTR Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The Asia Pacific OTR tire market reached a volume of 42.99 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 58.72 Million Units by 2027, exhibiting at a CAGR of 5.43% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Off-the-road (OTR) tires stand for deeply treaded tires that are specifically designed to provide high traction on unlevelled surfaces, such as loose dirt, mud, rock, and gravel. Some of the common vehicle types that use OTR tires include rigid dump trucks, loaders, reach stackers, cranes, monster trucks, etc. These tires offer numerous benefits associated with high heat and rolling resistance, better durability, improved vehicle performance and stability, easy mobility, reduced contact patch area, etc. As a result, OTR tires are widely adopted across various sectors, including construction, mining, recreation, agriculture, etc.

Asia Pacific OTR Tire Market Trends:

The rising number of large-scale projects, including the development of roads, highways, power plants, industrial facilities, commercial complexes, etc., is primarily driving the OTR market in the Asia Pacific region. OTR tires find extensive applications in loaders, excavators, bulldozers, trenchers, etc., for construction activities across diverse geographical locations. Apart from this, the wide presence of metal, mineral, and coal mines across several countries, such as China, Australia, India, and Indonesia, is also propelling the demand for OTR tires in mining and quarrying vehicles, such as large haul trucks. Moreover, a significant growth in the agriculture sector, coupled with the growing prominence of farm mechanization trends, is further augmenting the market growth in the region. Besides this, the rising popularity of dirt bikes and quads for several recreational purposes is acting as another significant growth-inducing factor. Furthermore, growing integration of sensor-based technologies with OTR tires to monitor tire pressure and temperature and reduce the risk of potential hazards by providing real-time data analysis, is expected to drive the growth of the Asia Pacific tire market in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific OTR tire market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on demand, tire type, tire size and vehicle type.

Breakup by Demand:

  • OEM
  • Replacement
     

Breakup by Tire Type:

  • Radial Tire
  • Bias Tire
     

Breakup by Tire Size:

  • Top Tire Sizes in 24’’-30’’
  • Top Tire Sizes in 31’’-35’’
  • Top Tire Sizes in 36’’-39’’
  • Top Tire Sizes in 40’’-50’’
  • Top Tire Sizes in 51’’-55’’
  • Top Tire Sizes in 56’’-63’’
     

Breakup by Vehicle Type:

  • Agriculture Vehicles
  • Construction and Industrial Vehicles
  • Mining Vehicles
  • Others
     

Breakup by Country:

  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • New Zealand
  • Others
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Apollo Tyres Ltd, Balkrishna Industries Limited (BKT), Bridgestone Corporation, CEAT Limited, Cheng Shin Rubber Industry Co., Ltd, Gajah Tunggal Tbk, Guizhou Tyre Co.,Ltd., JK Tyre and Industries Ltd, Michelin, MRF Limited, Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, The Yokohama Rubber Co., Ltd., Toyo Tire Corporation and Triangle Tyre Co. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units Million Units
Segment Coverage Demand, Tire Type, Tire Size, Vehicle Type, Country
Countries Covered China, Japan, India, New Zealand, Australia, Indonesia
Companies Covered Apollo Tyres Ltd, Balkrishna Industries Limited (BKT), Bridgestone Corporation, CEAT Limited, Cheng Shin Rubber Industry Co., Ltd, Gajah Tunggal Tbk, Guizhou Tyre Co.,Ltd., JK Tyre and Industries Ltd, Michelin, MRF Limited, Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, The Yokohama Rubber Co., Ltd., Toyo Tire Corporation and Triangle Tyre Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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 OTR Tire market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Demand
    6.1    OEM
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Replacement 
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Tire Type
    7.1    Radial Tire
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Bias Tire
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Tire Size
    8.1    Top Tire Sizes in 24’’-30’’
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Top Tire Sizes in 31’’-35’’
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Top Tire Sizes in 36’’-39’’
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Top Tire Sizes in 40’’-50’’
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Top Tire Sizes in 51’’-55’’
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Top Tire Sizes in 56’’-63’’
        8.6.1 Market Trends
        8.6.2 Market Forecast
9    Market Breakup by Vehicle Type
    9.1    Agriculture Vehicles
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Construction and Industrial Vehicles
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Mining Vehicles
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Others
        9.4.1 Market Trends
        9.4.2 Market Forecast
10    Market Breakup by Country
    10.1    China
        10.1.1 Market Trends
        10.1.2 Market Breakup by Demand
        10.1.3 Market Breakup by Tire Type
        10.1.4 Market Breakup by Tire Size
        10.1.5 Market Breakup by Vehicle Type
        10.1.6 Market Forecast
    10.2    India
        10.2.1 Market Trends
        10.2.2 Market Breakup by Demand
        10.2.3 Market Breakup by Tire Type
        10.2.4 Market Breakup by Tire Size
        10.2.5 Market Breakup by Vehicle Type
        10.2.6 Market Forecast
    10.3    Japan
        10.3.1 Market Trends
        10.3.2 Market Breakup by Demand
        10.3.3 Market Breakup by Tire Type
        10.3.4 Market Breakup by Tire Size
        10.3.5 Market Breakup by Vehicle Type
        10.3.6 Market Forecast
    10.4    Australia
        10.4.1 Market Trends
        10.4.2 Market Breakup by Demand
        10.4.3 Market Breakup by Tire Type
        10.4.4 Market Breakup by Tire Size
        10.4.5 Market Breakup by Vehicle Type
        10.4.6 Market Forecast
    10.5    Indonesia
        10.5.1 Market Trends
        10.5.2 Market Breakup by Demand
        10.5.3 Market Breakup by Tire Type
        10.5.4 Market Breakup by Tire Size
        10.5.5 Market Breakup by Vehicle Type
        10.5.6 Market Forecast
    10.6    New Zealand
        10.6.1 Market Trends
        10.6.2 Market Breakup by Demand
        10.6.3 Market Breakup by Tire Type
        10.6.4 Market Breakup by Tire Size
        10.6.5 Market Breakup by Vehicle Type
        10.6.6 Market Forecast
    10.7    Others
        10.7.1 Market Trends
        10.7.2 Market Breakup by Demand
        10.7.3 Market Breakup by Tire Type
        10.7.4 Market Breakup by Tire Size
        10.7.5 Market Breakup by Vehicle Type
        10.7.6 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
    12.1    Overview
    12.2    Raw Material Supplier
    12.3    Tire Manufacturer
    12.4    Distributor
    12.5    Aftersales Service
    12.6    Tire Recycling Companies
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
    14.1    Key Price Indicators
    14.2    Price Structure
    14.3    Price Trends
15    Policy and Regulatory Landscape
16    Competitive Landscape
    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Apollo Tyres Ltd. 
           16.3.1.1 Company Overview 
           16.3.1.2 Product Portfolio
           16.3.1.3 Financials
       16.3.2     Balkrishna Industries Limited (BKT)
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio 
           16.3.2.3 Financials
        16.3.3    Bridgestone Corporation
           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    CEAT Limited
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio 
           16.3.4.3 Financials 
        16.3.5    Cheng Shin Rubber Industry Co., Ltd
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
        16.3.6    Guizhou Tyre Co.,Ltd.
           16.3.6.1 Company overview
           16.3.6.2 Product Portfolio 
           16.3.6.3 Financials 
        16.3.7    JK Tyre and Industries Ltd
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
           16.3.7.3 Financials
        16.3.8    Michelin
           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    MRF Limited
           16.3.9.1 Company overview
           16.3.9.2 Product Portfolio 
           16.3.9.3 Financials 
        16.3.10    PT Gajah Tunggal Tbk
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio
           16.3.10.3 Financials     
        16.3.11    Sumitomo Rubber Industries, Ltd.
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio
           16.3.11.3 Financials  
           16.3.11.4 SWOT Analysis
        16.3.12    The Goodyear Tire & Rubber Company
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio 
           16.3.12.3 Financials 
           16.3.12.4 SWOT Analysis 
        16.3.13    The Yokohama Rubber Co, Ltd.
           16.3.13.1 Company Overview
           16.3.13.2 Product Portfolio 
           16.3.13.3 Financials 
           16.3.13.4 SWOT Analysis 
        16.3.14    Toyo Tire Corporation
           16.3.14.1 Company Overview
           16.3.14.2 Product Portfolio
           16.3.14.3 Financials 
           16.3.14.4 SWOT Analysis
        16.3.15    Triangle Tyre Co., Ltd 
           16.3.15.1 Company Overview
           16.3.15.2 Product Portfolio
           16.3.15.3 SWOT Analysis

List of Figures

Figure 1: Asia Pacific: OTR Tire Market: Major Drivers and Challenges
Figure 2: Asia Pacific: OTR Tire Market: Volume Trends (in Million Units), 2016-2021
Figure 3: Asia Pacific: OTR Tire Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 4: Asia Pacific: OTR Tire Market: Breakup by Demand (in %), 2021
Figure 5: Asia Pacific: OTR Tire Market: Breakup by Tire Type (in %), 2021
Figure 6: Asia Pacific: OTR Tire Market: Breakup by Tire Size (in %), 2021
Figure 7: Asia Pacific: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
Figure 8: Asia Pacific: OTR Tire Market: Breakup by Country (in %), 2021
Figure 9: Asia Pacific: OTR Tire (OEM) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 10: Asia Pacific: OTR Tire (OEM) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 11: Asia Pacific: OTR Tire (Replacement) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 12: Asia Pacific: OTR Tire (Replacement) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 13: Asia Pacific: OTR Tire (Radial Tire) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 14: Asia Pacific: OTR Tire (Radial Tire) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 15: Asia Pacific: OTR Tire (Bias Tire) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 16: Asia Pacific: OTR Tire (Bias Tire) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 17: Asia Pacific: OTR Tire (Top Tire Sizes in 24’’-30’’) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 18: Asia Pacific: OTR Tire (Top Tire Sizes in 24’’-30’’) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 19: Asia Pacific: OTR Tire (Top Tire Sizes in 31’’-35’’) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 20: Asia Pacific: OTR Tire (Top Tire Sizes in 31’’-35’’) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 21: Asia Pacific: OTR Tire (Top Tire Sizes in 36’’-39’’) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 22: Asia Pacific: OTR Tire (Top Tire Sizes in 36’’-39’’) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 23: Asia Pacific: OTR Tire (Top Tire Sizes in 40’’-50’’) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 24: Asia Pacific: OTR Tire (Top Tire Sizes in 40’’-50’’) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 25: Asia Pacific: OTR Tire (Top Tire Sizes in 51’’-55’’) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 26: Asia Pacific: OTR Tire (Top Tire Sizes in 51’’-55’’) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 27: Asia Pacific: OTR Tire (Top Tire Sizes in 56’’-63’’) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 28: Asia Pacific: OTR Tire (Top Tire Sizes in 56’’-63’’) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 29: Asia Pacific: OTR Tire (Agriculture Vehicles) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 30: Asia Pacific: OTR Tire (Agriculture Vehicles) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 31: Asia Pacific: OTR Tire (Construction and Industrial Vehicles) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 32: Asia Pacific: OTR Tire (Construction and Industrial Vehicles) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 33: Asia Pacific: OTR Tire (Mining Vehicles) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 34: Asia Pacific: OTR Tire (Mining Vehicles) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 35: Asia Pacific: OTR Tire (Other Vehicle Types) Market: Volume Trends (in Million Units), 2016 & 2021
Figure 36: Asia Pacific: OTR Tire (Other Vehicle Types) Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 37: China: OTR Tire Market: Volume Trends (in Million Units), 2016 & 2021
Figure 38: China: OTR Tire Market: Breakup by Demand (in %), 2021
Figure 39: China: OTR Tire Market: Breakup by Tire Type (in %), 2021
Figure 40: China: OTR Tire Market: Breakup by Tire Size (in %), 2021
Figure 41: China: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
Figure 42: China: OTR Tire Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 43: India: OTR Tire Market: Volume Trends (in Million Units), 2016 & 2021
Figure 44: India: OTR Tire Market: Breakup by Demand (in %), 2021
Figure 45: India: OTR Tire Market: Breakup by Tire Type (in %), 2021
Figure 46: India: OTR Tire Market: Breakup by Tire Size (in %), 2021
Figure 47: India: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
Figure 48: India: OTR Tire Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 49: Japan: OTR Tire Market: Volume Trends (in Million Units), 2016 & 2021
Figure 50: Japan: OTR Tire Market: Breakup by Demand (in %), 2021
Figure 51: Japan: OTR Tire Market: Breakup by Tire Type (in %), 2021
Figure 52: Japan: OTR Tire Market: Breakup by Tire Size (in %), 2021
Figure 53: Japan: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
Figure 54: Japan: OTR Tire Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 55: Australia: OTR Tire Market: Volume Trends (in Million Units), 2016 & 2021
Figure 56: Australia: OTR Tire Market: Breakup by Demand (in %), 2021
Figure 57: Australia: OTR Tire Market: Breakup by Tire Type (in %), 2021
Figure 58: Australia: OTR Tire Market: Breakup by Tire Size (in %), 2021
Figure 59: Australia: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
Figure 60: Australia: OTR Tire Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 61: Indonesia: OTR Tire Market: Volume Trends (in Million Units), 2016 & 2021
Figure 62: Indonesia: OTR Tire Market: Breakup by Demand (in %), 2021
Figure 63: Indonesia: OTR Tire Market: Breakup by Tire Type (in %), 2021
Figure 64: Indonesia: OTR Tire Market: Breakup by Tire Size (in %), 2021
Figure 65: Indonesia: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
Figure 66: Indonesia: OTR Tire Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 67: New Zealand: OTR Tire Market: Volume Trends (in Million Units), 2016 & 2021
Figure 68: New Zealand: OTR Tire Market: Breakup by Demand (in %), 2021
Figure 69: New Zealand: OTR Tire Market: Breakup by Tire Type (in %), 2021
Figure 70: New Zealand: OTR Tire Market: Breakup by Tire Size (in %), 2021
Figure 71: New Zealand: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
Figure 72: New Zealand: OTR Tire Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 73: Others: OTR Tire Market: Volume Trends (in Million Units), 2016 & 2021
Figure 74: Others: OTR Tire Market: Breakup by Demand (in %), 2021
Figure 75: Others: OTR Tire Market: Breakup by Tire Type (in %), 2021
Figure 76: Others: OTR Tire Market: Breakup by Tire Size (in %), 2021
Figure 77: Others: OTR Tire Market: Breakup by Vehicle Type (in %), 2021
Figure 78: Others: OTR Tire Market Forecast: Volume Trends (in Million Units), 2022-2027
Figure 79: Asia Pacific: OTR Tire Industry: SWOT Analysis
Figure 80: Asia Pacific: OTR Tire Industry: Value Chain Analysis
Figure 81: Asia Pacific: OTR Tire Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Asia Pacific: OTR Tire Market: Key Industry Highlights, 2021 and 2027
Table 2: Asia Pacific: OTR Tire Market Forecast: Breakup by Demand (in Million Units), 2022-2027
Table 3: Asia Pacific: OTR Tire Market Forecast: Breakup by Tire Type (in Million Units), 2022-2027
Table 4: Asia Pacific: OTR Tire Market Forecast: Breakup by Tire Size (in Million Units), 2022-2027
Table 5: Asia Pacific: OTR Tire Market Forecast: Breakup by Vehicle Type (in Million Units), 2022-2027
Table 6: Asia Pacific: OTR Tire Market Forecast: Breakup by Country (in Million Units), 2022-2027
Table 7: Asia Pacific: OTR Tire Market: Competitive Structure
Table 8: Asia Pacific: OTR Tire Market: Key Players


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Key Questions Answered in This Report

The Asia Pacific OTR tire market reached a volume of 42.99 Million Units in 2021. 

We expect the Asia Pacific OTR tire market to exhibit a CAGR of 5.43% during 2022-2027.

The rising development of roads, highways, power plants, etc., along with the increasing awareness towards numerous benefits of OTR tires, such as high heat and rolling resistance, better durability, easy mobility, etc., is primarily driving the Asia Pacific OTR tire market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several Asia Pacific nations resulting in the temporary closure of numerous manufacturing units for OTR tires.

Based on the demand, the Asia Pacific OTR tire market has been segmented into OEM and replacement, where replacement currently holds the majority of the total market share.

Based on the tire type, the Asia Pacific OTR tire market can be divided into radial tire and bias tire. Currently, bias tire exhibits a clear dominance in the market.

Based on the tire size, the Asia Pacific OTR tire market has been categorized into top tire sizes in 24’’-30’’, top tire sizes in 31’’-35’’, top tire sizes in 36’’-39’’, top tire sizes in 40’’-50’’, top tire sizes in 51’’-55’’, and top tire sizes in 56’’-63’’. Among these, top tire sizes in 24’’-30’’ currently account for the largest market share.

Based on the vehicle type, the Asia Pacific OTR tire market can be segregated into agriculture vehicles, construction and industrial vehicles, mining vehicles, and others. Currently, construction and industrial vehicles exhibit a clear dominance in the market.

On a regional level, the market has been classified into China, India, Japan, Australia, Indonesia, New Zealand, and others, where China currently dominates the Asia Pacific OTR tire market.

Some of the major players in the Asia Pacific OTR tire market include Apollo Tyres Ltd, Balkrishna Industries Limited (BKT), Bridgestone Corporation, CEAT Limited, Cheng Shin Rubber Industry Co., Ltd, Gajah Tunggal Tbk, Guizhou Tyre Co.,Ltd., JK Tyre and Industries Ltd, Michelin, MRF Limited, Sumitomo Rubber Industries, Ltd., The Goodyear Tire & Rubber Company, The Yokohama Rubber Co., Ltd., Toyo Tire Corporation, and Triangle Tyre Co. Ltd.

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