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

Market Overview:

The Asia Pacific tire market size reached 1,170 Million Units in 2021. Looking forward, IMARC Group expects the market to reach 1,520 Million Units by 2027, exhibiting a growth rate (CAGR) of 4.7% 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.

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 2022-2027. 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-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:

  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
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: 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)


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
        11.7.1    Market Trends
        11.7.2    Market Forecast
    11.8    Malaysia    
        11.8.1    Market Trends
        11.8.2    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), 2016-2021
Figure 3: Asia-Pacific: Tire Market: Breakup by Radial/Bias Tires (in %), 2021
Figure 4: Asia-Pacific: Tire Market: Breakup by End-Use (in %), 2021
Figure 5: Asia-Pacific: Tire Market: Breakup by Vehicle Type (in %), 2021
Figure 6: Asia-Pacific: Tire Market: Breakup by Size (in %), 2021
Figure 7: Asia-Pacific: Tire Market: Breakup by Distribution Channel (in %), 2021
Figure 8: Asia-Pacific: Tire Market: Breakup by Country (in %), 2021
Figure 9: Asia-Pacific: Tire Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 10: Asia-Pacific: Tire (Radial) Market: Sales Volume (in Million Units), 2016 & 2021
Figure 11: Asia-Pacific: Tire (Radial) Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 12: Asia-Pacific: Tire (Bias) Market: Sales Volume (in Million Units), 2016 & 2021
Figure 13: Asia-Pacific: Tire (Bias) Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 14: Asia-Pacific: Tire (OEM) Market: Sales Volume (in Million Units), 2016 & 2021
Figure 15: Asia-Pacific: Tire (OEM) Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 16: Asia-Pacific: Tire (Replacement) Market: Sales Volume (in Million Units), 2016 & 2021
Figure 17: Asia-Pacific: Tire (Replacement) Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 18: Asia-Pacific: Tire (Passenger Cars Market: Sales Volume (in Million Units), 2016 & 2021
Figure 19: Asia-Pacific: Tire (Passenger Cars) Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 20: Asia-Pacific: Tire (Light Commercial Vehicles) Market: Sales Volume (in Million Units), 2016 & 2021
Figure 21: Asia-Pacific: Tire (Light Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 22: Asia-Pacific: Tire (Medium and Heavy Commercial Vehicles) Market: Sales Volume (in Million Units), 2016 & 2021
Figure 23: Asia-Pacific: Tire (Medium and Heavy Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 24: Asia-Pacific: Tire (Two-Wheelers) Market: Sales Volume (in Million Units), 2016 & 2021
Figure 25: Asia-Pacific: Tire (Two-Wheelers) Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 26: Asia-Pacific: Tire (Off-The-Road) Market: Sales Volume (in Million Units), 2016 & 2021
Figure 27: Asia-Pacific: Tire (Off-The-Road) Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 28: Asia-Pacific: Tire (Three-Wheelers) Market: Sales Volume (in Million Units), 2016 & 2021
Figure 29: Asia-Pacific: Tire (Three- Wheelers) Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 30: Asia-Pacific: Tire (Passenger Cars) Market: Breakup by Rim Size (in %), 2021
Figure 31: Asia-Pacific: Tire (Passenger Cars) Market: Breakup by Tire Size (in %), 2021
Figure 32: Asia-Pacific: Tire (Passenger Cars) Market: Breakup by Price Range (in %), 2021
Figure 33: Asia-Pacific: Tire (Light Commercial Vehicles) Market: Breakup by Rim Size (in %), 2021
Figure 34: Asia-Pacific: Tire (Light Commercial Vehicles) Market: Breakup by Tire Size (in %), 2021
Figure 35: Asia-Pacific: Tire (Light Commercial Vehicles) Market: Breakup by Price Range (in %), 2021
Figure 36: Asia-Pacific: Tire (Medium and Heavy Commercial Vehicles) Market: Breakup by Rim Size (in %), 2021
Figure 37: Asia-Pacific: Tire (Medium and Heavy Commercial Vehicles) Market: Breakup by Tire Size (in %), 2021
Figure 38: Asia-Pacific: Tire (Medium and Heavy Commercial Vehicles) Market: Breakup by Price Range (in %), 2021
Figure 39: Asia-Pacific: Tire (Two Wheelers) Market: Breakup by Rim Size (in %), 2021
Figure 40: Asia-Pacific: Tire (Two Wheelers) Market: Breakup by Tire Size (in %), 2021
Figure 41: Asia-Pacific: Tire (Two Wheelers) Market: Breakup by Price Range (in %), 2021
Figure 42: Asia-Pacific: Tire (Three Wheelers) Market: Breakup by Rim Size (in %), 2021
Figure 43: Asia-Pacific: Tire (Three Wheelers) Market: Breakup by Tire Size (in %), 2021
Figure 44: Asia-Pacific: Tire (Three Wheelers) Market: Breakup by Price Range (in %), 2021
Figure 45: Asia-Pacific: Tire (Off-The-Road) Market: Breakup by Rim Size (in %), 2021
Figure 46: Asia-Pacific: Tire (Off-The-Road) Market: Breakup by Tire Size (in %), 2021
Figure 47: Asia-Pacific: Tire (Off-The-Road) Market: Breakup by Price Range (in %), 2021
Figure 48: Asia-Pacific: Tire (Offline) Market: Sales Volume (in Million Units), 2016 & 2021
Figure 49: Asia-Pacific: Tire (Offline) Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 50: Asia-Pacific: Tire (Online) Market: Sales Volume (in Million Units), 2016 & 2021
Figure 51: Asia-Pacific: Tire (Online) Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 52: China: Tire Market: Sales Volume (in Million Units), 2016 & 2021
Figure 53: China: Tire Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 54: India: Tire Market: Sales Volume (in Million Units), 2016 & 2021
Figure 55: India: Tire Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 56: Japan: Tire Market: Sales Volume (in Million Units), 2016 & 2021
Figure 57: Japan: Tire Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 58: Australia: Tire Market: Sales Volume (in Million Units), 2016 & 2021
Figure 59: Australia: Tire Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 60: South Korea: Tire Market: Sales Volume (in Million Units), 2016 & 2021
Figure 61: South Korea: Tire Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 62: Thailand: Tire Market: Sales Volume (in Million Units), 2016 & 2021
Figure 63: Thailand: Tire Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 64: Indonesia: Tire Market: Sales Volume (in Million Units), 2016 & 2021
Figure 65: Indonesia: Tire Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 66: Malaysia: Tire Market: Sales Volume (in Million Units), 2016 & 2021
Figure 67: Malaysia: Tire Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 68: Pakistan: Tire Market: Sales Volume (in Million Units), 2016 & 2021
Figure 69: Pakistan: Tire Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 70: Other Regions: Tire Market: Sales Volume (in Million Units), 2016 & 2021
Figure 71: Other Regions: Tire Market Forecast: Sales Volume (in Million Units), 2022-2027
Figure 72: Asia-Pacific: Tire Industry: SWOT Analysis
Figure 73: Asia-Pacific: Tire Industry: Value Chain Analysis
Figure 74: Asia-Pacific: Tire Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Asia-Pacific: Tire Market: Key Industry Highlights, 2021 and 2027
Table 2: Asia-Pacific: Tire Market Forecast: Breakup by Radial/Bias Tires (in Million Units), 2022-2027
Table 3: Asia-Pacific: Tire Market Forecast: Breakup by End-Use (in Million Units), 2022-2027
Table 4: Asia-Pacific: Tire Market Forecast: Breakup by Vehicle Type (in Million Units), 2022-2027
Table 5: Asia-Pacific: Tire Market Forecast: Breakup by Size (in Million Units), 2022-2027
Table 6: Asia-Pacific: Tire Market Forecast: Breakup by Distribution Channel (in Million Units), 2022-2027
Table 7: Asia-Pacific: Tire Market Forecast: Breakup by Country (in Million Units), 2022-2027
Table 8: Asia-Pacific: Tire Market: Competitive Structure
Table 9: Asia-Pacific: Tire Market: Key Players


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