Asia Pacific Tire Market Report by Radial/Bias Tires (Radial, Bias), End-Use (OEM, Replacement), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium and Heavy Commercial Vehicles, Two-Wheelers, Off-The-Road (OTR), Three- Wheelers), Size (Passenger Cars, Light Commercial Vehicles, Medium and Heavy Commercial Vehicles, Two-Wheelers, Three- Wheelers, Off-The-Road (OTR)), Distribution Channel (Offline, Online), and Country 2024-2032
The Asia Pacific tire market size reached 1,270 Million Units in 2023. Looking forward, IMARC Group expects the market to reach 1,800 Million Units by 2032, exhibiting a growth rate (CAGR) of 3.6% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
1,270 Million Units
Market Forecast in 2032
1,800 Million Units
Market Growth Rate 2024-2032
3.6%
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 2024-2032. 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.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
Million Units
Segment Coverage
Radial/Bias Tires, End-Use, Vehicle Type, Size, Distribution Channel, Country
Countries Covered
China, India, Japan, Australia, South Korea, Thailand, Indonesia, Malaysia, Pakistan, Others
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
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)
Key Questions Answered in This Report
The Asia Pacific tire market reached a volume of 1,270 Million Units in 2023.
We expect the Asia Pacific tire market to exhibit a CAGR of 3.6% during 2024-2032.
The rising investments in infrastructural projects, such as roads, bridges, tunnels, etc., to increase the connectivity, along with the growing popularity of next-generation and high-performance tires for luxury and premium cars, are primarily driving the Asia Pacific 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 vehicles, thereby negatively impacting the Asia Pacific market for tires.
Based on the radial/bias tires, the Asia Pacific tire market has been segmented into radial and bias. Currently, radial holds the majority of the total market share.
Based on the end-use, the Asia Pacific tire market can be divided into OEM and replacement, where replacement currently exhibits a clear dominance in the market.
Based on the vehicle type, the Asia Pacific tire market has been categorized into passenger cars, light commercial vehicles, medium and heavy commercial vehicles, two-wheelers, Off-The-Road (OTR), and three- wheelers. Among these, passenger cars account for the majority of the total market share.
Based on the distribution channel, the Asia Pacific tire market can be segregated into offline and online. Currently, offline holds the largest market share.
On a regional level, the market has been classified into China, India, Japan, Australia, South Korea, Thailand, Indonesia, Malaysia, Pakistan, and others, where China currently dominates the Asia Pacific tire market.
Some of the major players in the Asia Pacific tire market include 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.
Need more help?
Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-714-6104
Email: sales@imarcgroup.com
Client Testimonials
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.