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Market Research Report

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

Published by IMARC Services Private Limited Product code 952912
Published Content info 136 Pages
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Asia Pacific Tire Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
Published: July 18, 2020 Content info: 136 Pages
Description

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, IMARC Group 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?
Table of Contents
Product Code: SR1019K46_Report

Table of Contents

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

List of Figures

  • Figure 1: Asia-Pacific: Tire Market: Major Drivers and Challenges
  • Figure 2: Asia-Pacific: Tire Market: Sales Volume (in Million Units), 2014-2019
  • Figure 3: Asia-Pacific: Tire Market: Breakup by Radial/Bias Tires (in %), 2019
  • Figure 4: Asia-Pacific: Tire Market: Breakup by End-Use (in %), 2019
  • Figure 5: Asia-Pacific: Tire Market: Breakup by Vehicle Type (in %), 2019
  • Figure 6: Asia-Pacific: Tire Market: Breakup by Size (in %), 2019
  • Figure 7: Asia-Pacific: Tire Market: Breakup by Distribution Channel (in %), 2019
  • Figure 8: Asia-Pacific: Tire Market: Breakup by country (in %), 2019
  • Figure 9: Asia-Pacific: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 10: Asia-Pacific: Tire (Radial) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 11: Asia-Pacific: Tire (Radial) Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 12: Asia-Pacific: Tire (Bias) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 13: Asia-Pacific: Tire (Bias) Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 14: Asia-Pacific: Tire (OEM) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 15: Asia-Pacific: Tire (OEM) Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 16: Asia-Pacific: Tire (Replacement) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 17: Asia-Pacific: Tire (Replacement) Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 18: Asia-Pacific: Tire (Passenger Cars Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 19: Asia-Pacific: Tire (Passenger Cars) Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 20: Asia-Pacific: Tire (Light Commercial Vehicles) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 21: Asia-Pacific: Tire (Light Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 22: Asia-Pacific: Tire (Medium and Heavy Commercial Vehicles) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 23: Asia-Pacific: Tire (Medium and Heavy Commercial Vehicles) Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 24: Asia-Pacific: Tire (Two-Wheelers) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 25: Asia-Pacific: Tire (Two-Wheelers) Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 26: Asia-Pacific: Tire (Off-The-Road) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 27: Asia-Pacific: Tire (Off-The-Road) Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 28: Asia-Pacific: Tire (Three-Wheelers) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 29: Asia-Pacific: Tire (Three- Wheelers) Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 30: Asia-Pacific: Tire (Passenger Cars Rim Size) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 31: Asia-Pacific: Tire (Passenger Cars Rim Size) Market Forecast: Sales Volume (in Million Units), 2020
  • Figure 32: Asia-Pacific: Tire (Passenger Cars Tire Size) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 33: Asia-Pacific: Tire (Passenger Cars Tire Size) Market Forecast: Sales Volume (in Million Units), 2020
  • Figure 34: Asia-Pacific: Tire (Light Commercial Vehicle Rim Size) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 35: Asia-Pacific: Tire (Light Commercial Vehicle Rim Size) Market Forecast: Sales Volume (in Million Units), 2020
  • Figure 36: Asia-Pacific: Tire (Light Commercial Vehicle Tire Size) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 37: Asia-Pacific: Tire (Light Commercial Vehicle Tire Size) Market Forecast: Sales Volume (in Million Units), 2020
  • Figure 38: Asia-Pacific: Tire (Medium and Heavy Vehicle Rim Size) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 39: Asia-Pacific: Tire (Medium and Heavy Vehicle Rim Size) Market Forecast: Sales Volume (in Million Units), 2020
  • Figure 40: Asia-Pacific: Tire (Medium and Heavy Vehicle Tire Size) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 41: Asia-Pacific: Tire (Medium and Heavy Vehicle Tire Size) Market Forecast: Sales Volume (in Million Units), 2020
  • Figure 42: Asia-Pacific: Tire (Two-Wheelers Rim Size) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 43: Asia-Pacific: Tire (Two-Wheelers Rim Size) Market Forecast: Sales Volume (in Million Units), 2020
  • Figure 44: Asia-Pacific: Tire (Two-Wheelers Tire Size) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 45: Asia-Pacific: Tire (Two-Wheelers Tire Size) Market Forecast: Sales Volume (in Million Units), 2020
  • Figure 46: Asia-Pacific: Tire (Off-The- Road Rim Size) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 47: Asia-Pacific: Tire (Off-The- Road Rim Size) Market Forecast: Sales Volume (in Million Units), 2020
  • Figure 48: Asia-Pacific: Tire (Off-The-Road Tire Size) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 49: Asia-Pacific: Tire (Off-The-Road Tire Size) Market Forecast: Sales Volume (in Million Units), 2020
  • Figure 50: Asia-Pacific: Tire (Three- Wheelers Rim Size) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 51: Asia-Pacific: Tire (Three- Wheelers Rim Size) Market Forecast: Sales Volume (in Million Units), 2020
  • Figure 52: Asia-Pacific: Tire (Three- Wheelers Tire Size) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 53: Asia-Pacific: Tire (Three- Wheelers Tire Size) Market Forecast: Sales Volume (in Million Units), 2020
  • Figure 54: Asia-Pacific: Tire (Offline) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 55: Asia-Pacific: Tire (Offline) Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 56: Asia-Pacific: Tire (Online) Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 57: Asia-Pacific: Tire (Online) Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 58: China: Tire Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 59: China: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 60: India: Tire Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 61: India: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 62: Japan: Tire Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 63: Japan: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 64: Australia: Tire Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 65: Australia: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 66: South Korea: Tire Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 67: South Korea: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 68: Thailand: Tire Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 69: Thailand: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 70: Indonesia: Tire Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 71: Indonesia: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 72: Malaysia: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 73: Malaysia: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 74: Pakistan: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 75: Pakistan: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 76: Other Regions: Tire Market: Sales Volume (in Million Units), 2014 & 2019
  • Figure 77: Other Regions: Tire Market Forecast: Sales Volume (in Million Units), 2020-2025
  • Figure 78: Asia-Pacific: Tire Industry: SWOT Analysis
  • Figure 79: Asia-Pacific: Tire Industry: Value Chain Analysis
  • Figure 80: Asia-Pacific: Tire Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Asia-Pacific: Tire Market: Key Industry Highlights, 2019 and 2025
  • Table 2: Asia-Pacific: Tire Market Forecast: Breakup by Radial/Bias Tires (in Million Units), 2020-2025
  • Table 3: Asia-Pacific: Tire Market Forecast: Breakup by End-Use (in Million Units), 2020-2025
  • Table 4: Asia-Pacific: Tire Market Forecast: Breakup by Vehicle Type (in Million Units), 2020-2025
  • Table 5: Asia-Pacific: Tire Market Forecast: Breakup by Size (in Million Units), 2020-2025
  • Table 6: Asia-Pacific: Tire Market Forecast: Breakup by Distribution Channel (in Million Units), 2020-2025
  • Table 7: Asia-Pacific: Tire Market Forecast: Breakup by Country (in Million Units), 2020-2025
  • Table 8: Asia-Pacific: Tire Market: Competitive Structure
  • Table 9: Asia-Pacific: Tire Market: Key Players
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