The Asia Pacific tire market grew at a CAGR of 9% during 2014-2019. The market, however, has witnessed a negative impact as a result of the Covid 19 outbreak since early 2020. As a result of this pandemic, all major markets in the region such as China, India, Japan, South Korea, etc. have witnessed a significant decline in the demand across both the OEM and the replacement markets. As a result, the market is expected to face significant challenges in 2020. From 2021 onwards, however, the tire market in the region is expected to regain its growth momentum.
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. Looking forward, IMARC Group expects the Asia Pacific tire market to be negatively impacted by the Covid – 19 pandemic in 2020. From 2021 onwards, the market is expected to regain its growth.
Breakup by Radial/Bias Tires:
Breakup by End-Use:
Breakup by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Medium and Heavy Commercial Vehicles
- Two-Wheeler
- Off-The-Road (OTR)
- Three- Wheeler
Breakup by Size:
- Passenger Cars
- Market Breakup by Rim Size
- Market Break by Tire Size
- Light Commercial Vehicles
- Market Breakup by Rim Size
- Market Breakup by Tire Size
- Medium and Heavy Commercial Vehicles
- Market Breakup by Rim Size
- Market Breakup by Tire Size
- Two-Wheelers
- Market Breakup by Rim Size
- Market Breakup by Tire Size
- Three- Wheelers
- Market Breakup by Rim Size
- Market Breakup by Tire Size
- Off-The-Road (OTR)
- Market Breakup by Rim Size
- Market Breakup by Tire Size
Breakup by Distribution Channel:
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.
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 in 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 Trends
9.1.2 Market Breakup by Rim Size
9.1.3 Market Breakup by Tire Size
9.1.4 Market Breakup by Price Range
9.1.5 Market Forecast
9.2 Light Commercial Vehicles
9.2.1 Market Trends
9.2.2 Market Breakup by Rim Size
9.2.3 Market Breakup by Tire Size
9.2.4 Market Breakup by Price Range
9.2.5 Market Forecast
9.3 Medium and Heavy Commercial Vehicles
9.3.1 Market Trends
9.3.2 Market Breakup by Rim Size
9.3.3 Market Breakup by Tire Size
9.3.4 Market Breakup by Price Range
9.3.5 Market Forecast
9.4 Two-Wheelers
9.4.1 Market Trends
9.4.2 Market Breakup by Rim Size
9.4.3 Market Breakup by Tire Size
9.4.4 Market Breakup by Price Range
9.4.5 Market Forecast
9.5 Off-The-Road (OTR)
9.5.1 Market Trends
9.5.2 Market Breakup by Rim Size
9.5.3 Market Breakup by Tire Size
9.5.4 Market Breakup by Price Range
9.5.5 Market Forecast
9.6 Three-Wheelers
9.6.1 Market Trends
9.6.2 Market Breakup by Rim Size
9.6.3 Market Breakup by Tire Size
9.6.4 Market Breakup by Price Range
9.6.5 Market Forecast
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
11.6.1 Market Trends
11.6.2 Market Forecast
11.8 Malaysia
11.8.1 Market Trends
11.6.2 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 Figures
Figure 1: Asia-Pacific: Tire Market: Major Drivers and Challenges
Figure 2: Asia-Pacific: Tire Market: Sales Volume (in Million Units), 2014-2019
Figure 3: Asia-Pacific: Tire Market: Breakup by Radial/Bias Tires (in %), 2019
Figure 4: Asia-Pacific: Tire Market: Breakup by End-Use (in %), 2019
Figure 5: Asia-Pacific: Tire Market: Breakup by Vehicle Type (in %), 2019
Figure 6: Asia-Pacific: Tire Market: Breakup by Size (in %), 2019
Figure 7: Asia-Pacific: Tire Market: Breakup by Distribution Channel (in %), 2019
Figure 8: Asia-Pacific: Tire Market: Breakup by country (in %), 2019
Figure 9: Asia-Pacific: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 10: Asia-Pacific: Tire (Radial) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 11: Asia-Pacific: Tire (Radial) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 12: Asia-Pacific: Tire (Bias) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 13: Asia-Pacific: Tire (Bias) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 14: Asia-Pacific: Tire (OEM) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 15: Asia-Pacific: Tire (OEM) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 16: Asia-Pacific: Tire (Replacement) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 17: Asia-Pacific: Tire (Replacement) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 18: Asia-Pacific: Tire (Passenger Cars Market: Sales Volume (in Million Units), 2014 & 2019
Figure 19: Asia-Pacific: Tire (Passenger Cars) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 20: Asia-Pacific: Tire (Light Commercial Vehicles) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 21: Asia-Pacific: Tire (Light Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 22: Asia-Pacific: Tire (Medium and Heavy Commercial Vehicles) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 23: Asia-Pacific: Tire (Medium and Heavy Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 24: Asia-Pacific: Tire (Two-Wheelers) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 25: Asia-Pacific: Tire (Two-Wheelers) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 26: Asia-Pacific: Tire (Off-The-Road) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 27: Asia-Pacific: Tire (Off-The-Road) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 28: Asia-Pacific: Tire (Three-Wheelers) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 29: Asia-Pacific: Tire (Three- Wheelers) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 30: Asia-Pacific: Tire (Passenger Cars Rim Size) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 31: Asia-Pacific: Tire (Passenger Cars Rim Size) Market Forecast: Sales Volume (in Million Units), 2020
Figure 32: Asia-Pacific: Tire (Passenger Cars Tire Size) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 33: Asia-Pacific: Tire (Passenger Cars Tire Size) Market Forecast: Sales Volume (in Million Units), 2020
Figure 34: Asia-Pacific: Tire (Light Commercial Vehicle Rim Size) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 35: Asia-Pacific: Tire (Light Commercial Vehicle Rim Size) Market Forecast: Sales Volume (in Million Units), 2020
Figure 36: Asia-Pacific: Tire (Light Commercial Vehicle Tire Size) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 37: Asia-Pacific: Tire (Light Commercial Vehicle Tire Size) Market Forecast: Sales Volume (in Million Units), 2020
Figure 38: Asia-Pacific: Tire (Medium and Heavy Vehicle Rim Size) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 39: Asia-Pacific: Tire (Medium and Heavy Vehicle Rim Size) Market Forecast: Sales Volume (in Million Units), 2020
Figure 40: Asia-Pacific: Tire (Medium and Heavy Vehicle Tire Size) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 41: Asia-Pacific: Tire (Medium and Heavy Vehicle Tire Size) Market Forecast: Sales Volume (in Million Units), 2020
Figure 42: Asia-Pacific: Tire (Two-Wheelers Rim Size) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 43: Asia-Pacific: Tire (Two-Wheelers Rim Size) Market Forecast: Sales Volume (in Million Units), 2020
Figure 44: Asia-Pacific: Tire (Two-Wheelers Tire Size) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 45: Asia-Pacific: Tire (Two-Wheelers Tire Size) Market Forecast: Sales Volume (in Million Units), 2020
Figure 46: Asia-Pacific: Tire (Off-The- Road Rim Size) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 47: Asia-Pacific: Tire (Off-The- Road Rim Size) Market Forecast: Sales Volume (in Million Units), 2020
Figure 48: Asia-Pacific: Tire (Off-The-Road Tire Size) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 49: Asia-Pacific: Tire (Off-The-Road Tire Size) Market Forecast: Sales Volume (in Million Units), 2020
Figure 50: Asia-Pacific: Tire (Three- Wheelers Rim Size) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 51: Asia-Pacific: Tire (Three- Wheelers Rim Size) Market Forecast: Sales Volume (in Million Units), 2020
Figure 52: Asia-Pacific: Tire (Three- Wheelers Tire Size) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 53: Asia-Pacific: Tire (Three- Wheelers Tire Size) Market Forecast: Sales Volume (in Million Units), 2020
Figure 54: Asia-Pacific: Tire (Offline) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 55: Asia-Pacific: Tire (Offline) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 56: Asia-Pacific: Tire (Online) Market: Sales Volume (in Million Units), 2014 & 2019
Figure 57: Asia-Pacific: Tire (Online) Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 58: China: Tire Market: Sales Volume (in Million Units), 2014 & 2019
Figure 59: China: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 60: India: Tire Market: Sales Volume (in Million Units), 2014 & 2019
Figure 61: India: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 62: Japan: Tire Market: Sales Volume (in Million Units), 2014 & 2019
Figure 63: Japan: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 64: Australia: Tire Market: Sales Volume (in Million Units), 2014 & 2019
Figure 65: Australia: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 66: South Korea: Tire Market: Sales Volume (in Million Units), 2014 & 2019
Figure 67: South Korea: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 68: Thailand: Tire Market: Sales Volume (in Million Units), 2014 & 2019
Figure 69: Thailand: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 70: Indonesia: Tire Market: Sales Volume (in Million Units), 2014 & 2019
Figure 71: Indonesia: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 72: Malaysia: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 73: Malaysia: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 74: Pakistan: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 75: Pakistan: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 76: Other Regions: Tire Market: Sales Volume (in Million Units), 2014 & 2019
Figure 77: Other Regions: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
Figure 78: Asia-Pacific: Tire Industry: SWOT Analysis
Figure 79: Asia-Pacific: Tire Industry: Value Chain Analysis
Figure 80: Asia-Pacific: Tire Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Asia-Pacific: Tire Market: Key Industry Highlights, 2019 and 2025
Table 2: Asia-Pacific: Tire Market Forecast: Breakup by Radial/Bias Tires (in Million Units), 2020-2025
Table 3: Asia-Pacific: Tire Market Forecast: Breakup by End-Use (in Million Units), 2020-2025
Table 4: Asia-Pacific: Tire Market Forecast: Breakup by Vehicle Type (in Million Units), 2020-2025
Table 5: Asia-Pacific: Tire Market Forecast: Breakup by Size (in Million Units), 2020-2025
Table 6: Asia-Pacific: Tire Market Forecast: Breakup by Distribution Channel (in Million Units), 2020-2025
Table 7: Asia-Pacific: Tire Market Forecast: Breakup by Country (in Million Units), 2020-2025
Table 8: Asia-Pacific: Tire Market: Competitive Structure
Table 9: Asia-Pacific: Tire Market: Key Players