How Big is the Japan Tire Market?
The Japan Tire Market sales volume was 119.32 million units in 2022 and is projected to grow at a CAGR of around 1.8% during the forecast period, i.e., 2024-30. For several years, Japan has been an automotive hub and held its position as the fourth-largest automotive market worldwide in 2022. Such dominance is predominantly characterized by the extensive presence of renowned automakers like Toyota, Honda, & Nissan, which ensures a steady production & sales of vehicles and, consequently, high-quality tires to match the industry standards.
Market Statistics
- Market Size in 2022: 119.32 million units
- Market Growth Rate (CAGR): XX% from 2024-2030
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Japan Tire Market Insight:
Opportunity-
Leveraging the Electric Vehicle Trend: The government of Japan aims to bring a 100% transition to EVs by 2035, resulting in a growing emphasis on exploring electric vehicles (EVs) trends. EVs often demand specialized tires designed for better energy efficiency and reduced road noise. This preference change might open up new opportunities for tire manufacturers in Japan to cater to the emerging electric vehicle market. By embracing this trend, the Japanese automotive industry garners international investors and partners, positioning itself as an attractive destination for EV-related investments and collaborations. This fosters technology transfers and elevates the industry’s global competitiveness. Besides, re-entering the EV segment allows Japanese tire manufacturers to consolidate their dominance as a major player in the world’s automotive market, further solidifying their reputation for innovation and sustainable mobility solutions.
Japan Tire Market Segmentation:
The report has segmented the market into the following categories:
By Vehicle Type
- Passenger Cars
- SUV
- Sedan
- Hatchback & Bakkies
- Light Commercial Vehicles (LCV)
- Light Trucks
- Light Buses
- Pickup trucks & Vans
- Medium & High Commercial Vehicles
- Bus
- Truck
- Two Wheelers
- Moped
- Scooters
- Motorcycles
- Off the Road (OTR)
- Earthmoving Equipment
- Material Handling Equipment
- Industrial & Mining Equipment
By Demand Type
- OEM
- Replacement
By Type of Tire
- Radial
- Bias
By Season
- All Season
- Summer
By Sales Channel
- Online
- Dealers/ Exclusive Outlets
- Others
By Rim Size
- Upto 12
- 1” to 15”
- 1.” to 19”
- 1” to 20”
- 1” to 22.5”
- 6” to 26”
- 1” to 35”
- 1” to 47”
- Above 47”
By Price Category
- Low
- Medium
- High
By Region
- Hokkaido
- Tohoku
- Kanto
- Chubu
- Others
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Competitive Landscape:
- Bridgestone Corporation
- Sumitomo Rubber Industries Limited
- Yokohama Rubber Company Limited
- Toyo Tires & Rubber Company Limited
- Kumho Tire Japan Inc
- Japan Michelin tire Co Ltd
- Japan Goodyear Inc
- Japan Pirelli Inc
- Hankook Tire Japan.
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key Highlights of the Report:
- Market Performance (2024-2030)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
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