The Asia Pacific tire market exhibited moderate growth during 2015-2020. 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. Looking forward, IMARC Group expects the Asia Pacific tire market to grow at a CAGR of around 4% during 2021-2026.
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.
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- Wheelers
Breakup by Size:
- Passenger Cars
- Market Breakup by Rim Size
- Market Breakup 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.
Report Coverages:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2020 |
| Historical Period |
2015-2020 |
| Forecast Period |
2021-2026 |
| 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 |
| Companies Covered |
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 and Kumho Tire Co., Ltd. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License $ 2499
Five User License $ 2999
Corporate License $ 3999 |
| 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:
- 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
11.6.1 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), 2015-2020
Figure 3: Asia-Pacific: Tire Market: Breakup by Radial/Bias Tires (in %), 2020
Figure 4: Asia-Pacific: Tire Market: Breakup by End-Use (in %), 2020
Figure 5: Asia-Pacific: Tire Market: Breakup by Vehicle Type (in %), 2020
Figure 6: Asia-Pacific: Tire Market: Breakup by Size (in %), 2020
Figure 7: Asia-Pacific: Tire Market: Breakup by Distribution Channel (in %), 2020
Figure 8: Asia-Pacific: Tire Market: Breakup by Country (in %), 2020
Figure 9: Asia-Pacific: Tire Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 10: Asia-Pacific: Tire (Radial) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 11: Asia-Pacific: Tire (Radial) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 12: Asia-Pacific: Tire (Bias) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 13: Asia-Pacific: Tire (Bias) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 14: Asia-Pacific: Tire (OEM) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 15: Asia-Pacific: Tire (OEM) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 16: Asia-Pacific: Tire (Replacement) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 17: Asia-Pacific: Tire (Replacement) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 18: Asia-Pacific: Tire (Passenger Cars Market: Sales Volume (in Million Units), 2015 & 2020
Figure 19: Asia-Pacific: Tire (Passenger Cars) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 20: Asia-Pacific: Tire (Light Commercial Vehicles) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 21: Asia-Pacific: Tire (Light Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 22: Asia-Pacific: Tire (Medium and Heavy Commercial Vehicles) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 23: Asia-Pacific: Tire (Medium and Heavy Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 24: Asia-Pacific: Tire (Two-Wheelers) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 25: Asia-Pacific: Tire (Two-Wheelers) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 26: Asia-Pacific: Tire (Off-The-Road) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 27: Asia-Pacific: Tire (Off-The-Road) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 28: Asia-Pacific: Tire (Three-Wheelers) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 29: Asia-Pacific: Tire (Three- Wheelers) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 30: Asia-Pacific: Tire (Offline) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 31: Asia-Pacific: Tire (Offline) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 32: Asia-Pacific: Tire (Online) Market: Sales Volume (in Million Units), 2015 & 2020
Figure 33: Asia-Pacific: Tire (Online) Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 34: China: Tire Market: Sales Volume (in Million Units), 2015 & 2020
Figure 35: China: Tire Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 36: India: Tire Market: Sales Volume (in Million Units), 2015 & 2020
Figure 37: India: Tire Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 38: Japan: Tire Market: Sales Volume (in Million Units), 2015 & 2020
Figure 39: Japan: Tire Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 40: Australia: Tire Market: Sales Volume (in Million Units), 2015 & 2020
Figure 41: Australia: Tire Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 42: South Korea: Tire Market: Sales Volume (in Million Units), 2015 & 2020
Figure 43: South Korea: Tire Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 44: Thailand: Tire Market: Sales Volume (in Million Units), 2015 & 2020
Figure 45: Thailand: Tire Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 46: Indonesia: Tire Market: Sales Volume (in Million Units), 2015 & 2020
Figure 47: Indonesia: Tire Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 48: Malaysia: Tire Market: Sales Volume (in Million Units), 2015 & 2020
Figure 49: Malaysia: Tire Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 50: Pakistan: Tire Market: Sales Volume (in Million Units), 2015 & 2020
Figure 51: Pakistan: Tire Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 52: Other Regions: Tire Market: Sales Volume (in Million Units), 2015 & 2020
Figure 53: Other Regions: Tire Market Forecast: Sales Volume (in Million Units), 2021-2026
Figure 54: Asia-Pacific: Tire Industry: SWOT Analysis
Figure 55: Asia-Pacific: Tire Industry: Value Chain Analysis
Figure 56: Asia-Pacific: Tire Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Asia-Pacific: Tire Market: Key Industry Highlights, 2020 and 2026
Table 2: Asia-Pacific: Tire Market Forecast: Breakup by Radial/Bias Tires (in Million Units), 2021-2026
Table 3: Asia-Pacific: Tire Market Forecast: Breakup by End-Use (in Million Units), 2021-2026
Table 4: Asia-Pacific: Tire Market Forecast: Breakup by Vehicle Type (in Million Units), 2021-2026
Table 5: Asia-Pacific: Tire Market Forecast: Breakup by Distribution Channel (in Million Units), 2021-2026
Table 6: Asia-Pacific: Tire Market Forecast: Breakup by Country (in Million Units), 2021-2026
Table 7: Asia-Pacific: Tire Market: Competitive Structure
Table 8: Asia-Pacific: Tire Market: Key Players