Japan Tire Market

Market Overview:

Japan tire market size is projected to exhibit a growth rate (CAGR) of 2.30% during 2024-2032. The growing demand for a comfortable driving experience, increasing adoption of modern vehicles that are equipped with safety features, and rising number of electric vehicles (EVs) represent some of the key factors driving the market.

A tire is a crucial component that provides the necessary traction and support to vehicles and allows them to move efficiently and safely on roads. It is manufactured from rubber compounds, fabric or cord, steel belts, inner liner, tread compound, beads, filler materials, and chemical adhesives. It is widely available in all season, winter, summer, all-terrain, performance, mud-terrain, run-flat, and touring tires. It has cylindrical structures and is fitted onto the wheels of automobiles, serving as the point of contact between the vehicle and the road surface. It is designed to endure various road conditions, temperatures, and loads while offering optimal grip and performance. It is crucial for maintaining control during acceleration, braking, and cornering. It plays a vital role in ensuring vehicle stability, maneuverability, and overall road safety. It absorbs shocks and impacts from uneven road surfaces, potholes, and obstacles while providing a smoother and more comfortable ride to passengers. It assists in enhancing the stability of a vehicle, reducing body roll, and maintaining overall control during driving. It aids in lowering the risks of accidents and reducing road noise inside the vehicle while offering a more peaceful and comfortable driving environment. As it is beneficial in minimizing rolling resistance and improving fuel efficiency, the demand for tire is rising in Japan. 

Japan Tire Market Trends:

At present, the increasing utilization of high-quality tires that reduce the frequency of replacements represents one of the major factors supporting the growth of the market in Japan. Additionally, there is a rise in the demand for tires with low rolling resistance to maintain fuel efficiency. This, coupled with increasing preferences for eco-friendly tires that reduce carbon emissions and contribute to a greener and more sustainable driving experience, is bolstering the market growth in Japan. Apart from this, the growing adoption of tires on account of the rising number of electric vehicles (EVs) is positively influencing the market in the country. In addition, advancements in tire technology, including run-flat tires, self-inflating tires, and smart tire monitoring systems, are contributing to the market growth in Japan. In line with this, the growing demand for tire replacements in rental fleets due to the thriving tourism sector, along with the increasing need for specialized winter tires during colder months, is offering a positive market outlook. Moreover, the wide availability of tires through online and offline distribution channels is providing lucrative growth opportunities to industry investors. Besides this, the rising adoption of modern vehicles that are equipped with safety features like anti-lock braking system (ABS) and electronic stability control (ESC) that rely on tire performance for optimal functionality, is strengthening the market growth in the country.

Japan Tire Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on design, end use, vehicle type, distribution channel, and season.

Design Insights:

• Radial Market
• Bias Market
   

The report has provided a detailed breakup and analysis of the market based on the design. This includes radial market and bias market.

End Use Insights:

• OEM Market
• Replacement Market
   

A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes OEM market and replacement market.

Vehicle Type Insights:

• Passenger Cars
• Light Commercial Vehicles
• Medium and Heavy Commercial Vehicles
• Two Wheelers
• Three Wheelers
• Off-The-Road (OTR)
   

The report has provided a detailed breakup and analysis of the market based on the vehicle type. This includes passenger cars, light commercial vehicles, medium and heavy commercial vehicles, two wheelers, three wheelers, and off-the-road (OTR).

Distribution Channel Insights:

• Offline
• Online
   

A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes offline and online.

Season Insights:

• All Season Tires
• Winter Tires
• Summer Tires
   

The report has provided a detailed breakup and analysis of the market based on the season. This includes all season tires, winter tires, and summer tires.

Regional Insights:

• Kanto Region
• Kansai/Kinki Region
• Central/ Chubu Region
• Kyushu-Okinawa Region
• Tohoku Region
• Chugoku Region
• Hokkaido Region
• Shikoku Region
   

The report has also provided a comprehensive analysis of all the major regional markets, which include Kanto Region, Kansai/Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, and Shikoku Region.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Japan Tire Market Report Coverage:

Key Questions Answered in This Report:

• How has the Japan tire market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Japan tire market?
• What is the breakup of the Japan tire market on the basis of design?
• What is the breakup of the Japan tire market on the basis of end use?
• What is the breakup of the Japan tire market on the basis of vehicle type?
• What is the breakup of the Japan tire market on the basis of distribution channel?
• What is the breakup of the Japan tire market on the basis of season?
• What are the various stages in the value chain of the Japan tire market? 
• What are the key driving factors and challenges in the Japan tire?
• What is the structure of the Japan tire market and who are the key players?
• What is the degree of competition in the Japan tire market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Japan tire market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Japan tire market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Japan tire industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.