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New Zealand Tire Market By Vehicle Type (Passenger Car, Light Commercial Vehicle, M&HCV, Two-Wheeler & Off-The-Road), By Radial Vs Bias, By Demand Category (OEM Vs Replacement), By Offline Vs Online, Competition, Forecast & Opportunities, 2013-2024

  • ID: 4755354
  • Report
  • Region: New Zealand
  • 113 pages
  • TechSci Research
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New Zealand Tire Market Projected to Cross $1 Billion by 2024

FEATURED COMPANIES

  • Bridgestone Corporation
  • Continental Pty.Ltd.
  • Hankook Tire Co., Ltd.
  • Kumho Tire Co., Inc.
  • Pirelli & C.S.p.A.
  • MORE

New Zealand Tire Market Overview

The New Zealand tire market is projected to cross $1 billion by 2024 on account of surging sales of vehicles and rising disposable income of people in the region. Several road infrastructural projects, such as Waitemata Harbour Crossing and Puhoi Wellsford, by the government are further pushing the sales of automobiles across the country, which is subsequently driving New Zealand tire market. Moreover, rapid industrialization, expanding vehicle fleet size and rising urbanization are positively influencing the growth of the market.

New Zealand Tire Market Segments

On the basis of vehicle type, New Zealand tire market is segmented into passenger cars, light commercial vehicle, medium & heavy commercial vehicle, two-wheelers and off-the road vehicles. Passengers cars accounted for the dominant share in 2018 and the segment is expected to continue its dominance during forecast period as well on account of rising sales of passenger cars and increase in standard of living of people. Among demand category, New Zealand tire market is categorized into original equipment manufacturer (OEM) and replacement. Replacement is the dominating category and is anticipated to maintain its dominance as demand for replacement continues to grow as tires undergo wear and tear, thereby resulting in need to replace them. Moreover, improvements in infrastructure in New Zealand is resulting in increased number of miles driven which is further boosting demand for replacement in New Zealand tire market.

New Zealand Tire Market Regional Insights

In terms of regional analysis, New Zealand tire market is segmented into Auckland, Canterbury, Waikato, Wellington and Rest of New Zealand. Auckland tire market registered the highest growth in 2018 and the segment is poised to grow at high rate during forecast period as well owing to investments by the government bodies for rapid transport projects in the region.

New Zealand Tire Market Competitive Landscape

Major companies operating in New Zealand tire market recorded high volume sales in 2018 financial year and the trend is likely to remain same during forecast period. List of major players operating in New Zealand tire market include Compagnie Générale des Établissements Michelin (CGEM), Goodyear Dunlop Tyres (NZ) Limited, Bridgestone Corporation, Hankook Tire Co., Ltd., Continental Pty. Ltd., The Yokohama Rubber Co., Ltd., Toyo Tire & Rubber Co., Ltd., Kumho Tire Co., Inc., Pirelli & C. S.p.A., Balkrishna Industries Limited, etc. Bridgestone was the last company to manufacture tires in New Zealand. Most of the companies have their distributor network in the country and tires are imported from Japan, Korea, etc. Major companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2013-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:

  • To analyze and forecast the market size of New Zealand tire market.
  • To classify and forecast New Zealand tire market based on vehicle type, by radial vs bias, by demand category, by offline vs online and regional distribution.
  • To identify drivers and challenges for New Zealand tire market.
  • To conduct the pricing analysis for New Zealand tire market.
  • To identify and analyze the profile of leading players involved in New Zealand tire market.

Some of the leading players in New Zealand tire market include Compagnie Générale des Établissements Michelin (CGEM), Goodyear Dunlop Tyres (NZ) Limited, Bridgestone Corporation, Hankook Tire Co., Ltd., Continental Pty. Ltd., The Yokohama Rubber Co., Ltd., Toyo Tire & Rubber Co., Ltd., Kumho Tire Co., Inc., Pirelli & C. S.p.A., Balkrishna Industries Limited, etc.

The author performed both primary as well as exhaustive secondary research for this study, initially, sourcing a list of manufacturers across the globe. Subsequently, the author conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the author could include the manufacturers which could not be identified due to the limitations of secondary research. The author analyzed the product offerings, distribution channels and presence of all major manufacturers across the country.

The author calculated the market size of New Zealand tire market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The author sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, OICA, World Bank, investor presentations and financial reports were also studied.

Key Target Audience:

  • Tire manufacturers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to tire market
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, New Zealand tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Vehicle Type:

  • Passenger Car
  • Light Commercial Vehicle
  • Medium & Heavy Commercial Vehicle
  • Two-Wheeler
  • Off-The-Road

Market, By:

  • Radial
  • Bias

Market, By Demand Category:

  • OEM
  • Replacement

Market, By:

  • Offline
  • Online

Market, By Region:

  • Auckland
  • Canterbury
  • Waikato
  • Wellington
  • Rest of New Zealand

Market, By Company:

  • Compagnie Générale des Établissements Michelin (CGEM)
  • Goodyear Dunlop Tyres (NZ) Limited
  • Bridgestone Corporation
  • The Yokohama Rubber Co., Ltd.
  • Hankook Tire Co., Ltd.

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in New Zealand tire market.

Available Customizations:

With the given market data, the author offers customizations according the company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

*Note - Custom Research License:

For both the Single and Enterprise user license, 10% report specific customization is available free of any additional cost, as above. However, alternatively, if you are looking for additional content data or insight related to the scope of the report, you may purchase the new “Custom Research License”. Please enquire for pricing.

The custom research will be delivered in printable PDF format along with the report’s data excel sheet. This license offers 80 analyst hours. It is strongly recommended for an organization which wants to execute short ‘bespoke’ research projects related to the scope of the purchased report.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bridgestone Corporation
  • Continental Pty.Ltd.
  • Hankook Tire Co., Ltd.
  • Kumho Tire Co., Inc.
  • Pirelli & C.S.p.A.
  • MORE
1. Product Overview

2. Research Methodology

3. Analyst View

4. Voice of Customer
4.1. Factors Influencing Purchase Decision
4.2. Brand Recall (Aided/Unaided)
4.3. Brand Switching
4.4. Brand Satisfaction Level

5. New Zealand Tire Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two-Wheeler, & Off-The-Road)
5.2.2. By Radial Vs Bias
5.2.3. By Demand Category (OEM Vs Replacement)
5.2.4. By Offline vs Online
5.2.5. By Company
5.2.6. By Region
5.3. Market Attractiveness Index (By Vehicle Type)
5.4. Prominent Tire Sizes (PC, CV, Two Wheeler, OTR)

6. New Zealand Passenger Car Tire Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Vehicle Type (SUV, Sedan and Hatchback)
6.2.2. By Demand Category (OEM Vs. Replacement)
6.2.3. By Radial Vs Bias
6.3. Market Attractiveness Index (By Vehicle Type)

7. New Zealand Light Commercial Vehicle Tire Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Vehicle Type (Pickup, Light Truck, Van and Light Bus)
7.2.2. By Demand Category (OEM Vs. Replacement)
7.2.3. By Radial Vs Bias
7.3. Market Attractiveness Index (By Vehicle Type)

8. New Zealand Medium & Heavy Commercial Vehicle Tire Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Vehicle Type (Medium & Heavy Truck and Bus)
8.2.2. By Demand Category (OEM Vs. Replacement)
8.2.3. By Radial Vs Bias
8.3. Market Attractiveness Index (By Vehicle Type)

9. New Zealand Two-Wheeler Tire Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Vehicle Type
9.2.2. By Demand Category (OEM Vs. Replacement)
9.2.3. By Radial Vs Bias
9.3. Market Attractiveness Index (By Vehicle Type)

10. New Zealand Off-The-Road Tire Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Vehicle Type (Agriculture Vehicle, Mining, Construction & Industrial Vehicle & Others)
10.2.2. By Demand Category (OEM Vs. Replacement)
10.2.3. By Radial Vs Bias
10.3. Market Attractiveness Index (By Vehicle Type)

11. Import-Export Analysis

12. Market Dynamics
12.1. Drivers
12.2. Challenges

13. Market Trends & Developments

14. Pricing and Price Point Analysis

15. Policy and Regulatory Landscape

16. New Zealand Economic profile

17. Competitive Landscape
17.1. Compagnie Générale des Établissements Michelin (CGEM)
17.2. Goodyear Dunlop Tyres (NZ) Limited
17.3. Bridgestone Corporation
17.4. The Yokohama Rubber Co., Ltd.
17.5. Hankook Tire Co., Ltd.
17.6. Continental Pty. Ltd.
17.7. TOYO TIRE & RUBBER CO., LTD.
17.8. Kumho Tire Co., Inc.
17.9. Pirelli & C. S.p.A.
17.10. Balkrishna Industries Limited

18. Strategic Recommendations

*Full List of Figures and Tables Available on Enquiry.
Note: Product cover images may vary from those shown
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  • Compagnie Générale des Établissements Michelin (CGEM)
  • Goodyear Dunlop Tyres (NZ) Limited
  • Bridgestone Corporation
  • The Yokohama Rubber Co., Ltd.
  • Hankook Tire Co., Ltd.
  • Continental Pty.Ltd.
  • TOYO TIRE & RUBBER CO., LTD.
  • Kumho Tire Co., Inc.
  • Pirelli & C.S.p.A.
  • Balkrishna Industries Limited
Note: Product cover images may vary from those shown
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