Japan Tire Market 2023 Driving Factors Forecast Research 2029

Japan's tire market is projected to witness a modest growth at a CAGR of 2.3% during the forecast period (2020-2026). As per the Japan Automobile Tyre Manufacturers Association, Inc. (JATMA), vehicle manufacturing is increasing continuously in the country. The tire production is nearly flat in the country as it was less than 1,100 KT (rubber quantity) between 2015 and 2018 (1,060 KT in 2018) as compared to 1,121 KT in 2014. The country's tire market is expected to grow due to increased exports, modest growth in vehicle sales, and significant demand for high-performance tires.

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Japan tire market is segmented on the basis of vehicle type, road application, construction, tire type, and sales channel. By vehicle type, the market is further segmented into passenger cars, light & medium commercial vehicles, heavy commercial vehicles, two-wheeler, and other. Passenger cars a major market share during the forecast period. As per the JATMA, in 2018, around 109.8 million tires for passenger cars were manufactured followed by light trucks with 21.9 million. By the sales channel, the market is segmented into OEM and aftermarket. The aftermarket holds a major market share. The aftermarket tier sales were around 74.3 million in 2018 as compared to 46.2 million for OEM in 2018.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Japan Tire Market Report Segment
By Vehicle Type
• Passenger Cars
• Light & Medium Commercial Vehicle
• Heavy Commercial Vehicle
• Two-Wheeler
• Other (Construction, Agricultural, Customized Sports)

By Road Application
• All-Season Tire
• Summer Tire
• Winter Tire
• Other

By Construction
• Radial Tire
• Bias Ply Tire

By Tire Type
• Tubeless Tire
• Tubbed Tire

By Sales Channel
• OEM
• Aftermarket

The Report Covers
• Comprehensive research methodology of the Japan Tire market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Japan Tire industry.
• Insights about market determinants which are stimulating the Japan Tire market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.

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