Japan tyre market reached a volume of 118 Million Units in 2020. Looking forward, IMARC Group expects the market exhibit moderate growth during 2021-2026. 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 on different end-use industries. These insights are included in the report as a major market contributor.
The Japanese tyre market can be segmented into replacement tyres and the OEM segment. The market is currently dominated by replacement tires which currently account for 61% of the total sales volumes. Currently around 71% of the total replacement tire volumes is accounted by passenger cars. Passenger cars were followed by light trucks, and truck and bus tires. The market for replacement tires in Japan is driven by usage patterns and replacement cycles. The market for OEM tires on the other hand is driven by new automobile sales and exports. Japan currently represents a manufacturing hub for some of the world’s largest automobile companies such as Toyota, Honda, Nissan, Suzuki, Mitsubishi, Kawasaki, Mazda, Yamaha, Subaru, Isuzu, etc. This represents a major catalyst for the OEM tire market. Around 83% of the total OEM Tire volumes are currently accounted by passenger cars. Passenger cars were followed by light truck tyres, truck and bus tyres, special vehicle tyres and motorcycle tyres. The Tyre market is quite concentrated in Japan with some of the largest players being Bridgestone Corporation, Sumitomo Rubber Industries, Ltd., Yokohama Rubber Company, Limited, and Toyo Tire & Rubber Company.
IMARC Group’s latest report provides a deep insight into the Japan tyre market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Japan tyre market in any manner.
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Report Customization: Although IMARC has tried to cover everything in the tyre market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20 man hours of free customization for each report.
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