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Asia Pacific Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • ID: 5135754
  • Report
  • July 2020
  • Region: Asia Pacific
  • 136 pages
  • IMARC Group

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FEATURED COMPANIES

  • Bridgestone Corporation
  • Continental AG
  • Kumho Tire Co.
  • Michelin
  • Pirelli C. S.p.A.
  • Sumitomo Corporation
  • MORE
The Asia Pacific tire market grew at a CAGR of 9% during 2014-2019. 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. From 2021 onwards, however, the tire market in the region is expected to regain its growth momentum.

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. Looking forward,, the publisher expects the Asia Pacific tire market to be negatively impacted by the Covid - 19 pandemic in 2020. From 2021 onwards, the market is expected to regain its growth.

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- Wheeler
Breakup by Size:
  • Passenger Cars
  • Market Breakup by Rim Size
  • Market Break 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.

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 in 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?
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Bridgestone Corporation
  • Continental AG
  • Kumho Tire Co.
  • Michelin
  • Pirelli C. S.p.A.
  • Sumitomo Corporation
  • MORE
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 Trends
9.1.2 Market Breakup by Rim Size
9.1.3 Market Breakup by Tire Size
9.1.4 Market Breakup by Price Range
9.1.5 Market Forecast
9.2 Light Commercial Vehicles
9.2.1 Market Trends
9.2.2 Market Breakup by Rim Size
9.2.3 Market Breakup by Tire Size
9.2.4 Market Breakup by Price Range
9.2.5 Market Forecast
9.3 Medium and Heavy Commercial Vehicles
9.3.1 Market Trends
9.3.2 Market Breakup by Rim Size
9.3.3 Market Breakup by Tire Size
9.3.4 Market Breakup by Price Range
9.3.5 Market Forecast
9.4 Two-Wheelers
9.4.1 Market Trends
9.4.2 Market Breakup by Rim Size
9.4.3 Market Breakup by Tire Size
9.4.4 Market Breakup by Price Range
9.4.5 Market Forecast
9.5 Off-The-Road (OTR)
9.5.1 Market Trends
9.5.2 Market Breakup by Rim Size
9.5.3 Market Breakup by Tire Size
9.5.4 Market Breakup by Price Range
9.5.5 Market Forecast
9.6 Three-Wheelers
9.6.1 Market Trends
9.6.2 Market Breakup by Rim Size
9.6.3 Market Breakup by Tire Size
9.6.4 Market Breakup by Price Range
9.6.5 Market Forecast

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
Note: Product cover images may vary from those shown
  • 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.
Note: Product cover images may vary from those shown

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