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Asia-Pacific Tyre Market Outlook, 2026

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  • 110 Pages
  • June 2021
  • Region: Asia Pacific
  • Bonafide Research
  • ID: 5403187
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The Asia-Pacific tyre market is a rapidly developing market. As the economies in the region are rapidly growing and infrastructure development is taking place throughout the region; the Asia-Pacific tyre market finds itself on a suitable pedestal to grow upon. As per the research conducted by publisher , under the title- Asia-Pacific Tyre Market Outlook, 2026, the market is evaluated to be worth more than USD 70 Billion as of 2020 and is expected to grow at a CAGR of 5.58% in terms of volume during the period of 2021 to 2026.

In order to assess and study the regional trends and patterns in the Asia-Pacific tyre market, the research has been approached by looking at the market through appropriate segments and classification. The segments that were made during the comprehensive evaluation of the markets were based on vehicle types, end-use demand, and the demand of tyres on the basis of their construction design. The vehicle types include vehicles such as passenger cars, light commercial vehicles, medium and heavy vehicles, 2 wheeler vehicles, 3 wheelers, and other vehicles including bicycles. The categorization based on end-use demand includes demand for replacement tyres and OEM demand for tyres. Based on design types, the tyre market is segmented as radial tyres and bias-ply tyres. To have a broader understanding of the landscape of the tyre market in Asia-Pacific, further segmentation has been made on the basis of countries, and the sales channels through which the products are made available to the distributors and customers. The research also includes profiles of some of the major tyre companies in the world, namely: Bridgestone, Michelin, Sumitomo, Goodyear, Continental, Pirelli, Yokohama, Cooper tires, Apollo, MRF, Hankook, and Maxxis.

The Asia-Pacific tyre market is majorly driven by China, Japan, and India having a combined share of little shy than 65%. Australia contributes the lowest share in the overall Asia-Pacific tyre market as of 2020. As many of the major national markets in the region are rapidly growing, Japan is the only market that is showing signs of maturity. Japan grew at a CAGR of roughly 2% during the historical period of 2015 to 2020. It has been further forecasted that its tyre market will be progressing towards maturity by growing at a CAGR of 3.70% during the 2021 to 2026 period. However, during the same period, the rest of the Asia-Pacific regional markets combined excluding the major economies are projected to be registering a growth rate of more than 9%. As of 2020, it was derived that about 127.23 Million units of 2 wheeler tyres were sold in the region, making it one of the major drivers of the tyre market in the region. 3 wheeler and other tyres are expected to be the fastest-growing category during the 2021 to 2026 period, expected to grow at a CAGR of more than 11%. As the region is a major global hub for vehicle manufacturing and assembly, the OEM demand for tyres is more promising in the Asian Pacific market than anywhere else in the world.


  • Geography: Asia Pacific
  • Base Year: 2020
  • Historical year: 2015
  • Forecasted Year: 2026


  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific


  • Market Size by Value (2015-2026F)
  • Market Size by Volume (2015-2026F)
  • Market Share by Vehicle Type
  • Market Share by End Use
  • Market Share by Design
  • Market Share by Sales Channel
  • Market Share by Country


  • What is the size of the Asia-Pacific tyre market?
  • How much do different vehicle types contribute to the Asia-Pacific tyre market?
  • What are the growth trends of radial tyres and bias ply tyres in Asia-Pacific?
  • To what extend did Covid-19 pandemic impact the OEM and replacement demand of tyres in the Asia-Pacific region?
  • What are the drivers, development and key challenges in the Asian Pacific tyre market?

Table of Contents

1. Executive Summary2. Report Methodology
3. Global Tyre Market Outlook
3.1. Market Size by Value
3.2. Market Size by Volume
3.3. Market Share
3.3.1. By Vehicle Type
3.3.2. By End Use
3.3.3. By Design
3.3.4. By Sales Channels
3.3.5. By Region
3.3.6. By Country
3.3.7. By Company
4. Asia-Pacific Tyre Market Outlook
4.1. Market Size by Value
4.2. Market Size by Volume
4.3. Market Share
4.3.1. By Vehicle Type
4.3.2. By End Use
4.3.3. By Design
4.3.4. By Sales Channels
4.3.5. By Country
4.4. China Tyre Market Outlook
4.4.1. Market Size by Value
4.4.2. Market Share By Vehicle Type By End Use By Design
4.5. Japan Tyre Market Outlook
4.5.1. Market Size by Value
4.5.2. Market Share By Vehicle Type By End Use By Design
4.6. India Tyre Market Outlook
4.6.1. Market Size by Value
4.6.2. Market Share By Vehicle Type By End Use By Design
4.7. Australia Tyre Market Outlook
4.7.1. Market Size by Value
4.7.2. Market Share By Vehicle Type By End Use By Design
5. Market Dynamics
5.1. Key Drivers
5.2. Key Challenges
6. Market Trends and Developments
7. Company Profiles
7.1. Apollo Tyres
7.2. Bridgestone
7.3. Continental
7.4. Cooper Tires
7.5. Goodyear Tyres
7.6. Hankook
7.7. Maxxis International
7.8. Michelin
7.9. MRF
7.10. Pirelli
8. Strategic Recommendations9. Disclaimer

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Apollo Tyres
  • Bridgestone
  • Continental
  • Cooper Tires
  • Goodyear Tyres
  • Hankook Tire
  • Maxxis International
  • Michelin
  • MRF
  • Pirelli