Asia Pacific Original Equipment PCLT Tire Market Forecasts

Whilst demand for new cars picked up significantly in 2021, both in the domestic Asia Pacific sector and key vehicle export destinations, the recovery in the volume of new vehicles produced - and therefore the original equipment tire market - has been held back by shortages in the supply chain, specifically semiconductors. Supply chain disruption continued in 2022, compounded by the conflict between Russia and Ukraine and Covid-related lockdowns in China. This delayed the recovery in the OE tire market. Whilst the impact of supply chain issues is now lessening, vehicle demand in some export regions - particularly Europe - is now expected to be affected by economic uncertainty caused by sharply higher inflation.

This report is provided as a PowerPoint briefing, giving a detailed review of the developments in the Asia Pacific original equipment PCLT tire market and forecasts for the period to 2028.

The Excel data-pack contains detailed data on PCLT replacement tire volumes by region (Greater China, Japan & Korea, ASEAN, India, Rest of Asia Pacific) and country from 2018 and forecasts to 2028.

The data-pack also includes forecasts of new light vehicle registrations by country to 2028

Country coverage includes China, Japan, India, South Korea, Thailand, Indonesia, Malaysia, Vietnam, Taiwan, Rest of Asia Pacific.