Market by Tire Type, Rim Size, Distribution Channel, and Country Outlook | Forecast 2022-2028
According to Triton’s research report, the tire aftermarket, tire replacement market in Asia-Pacific is expected to advance with a CAGR of 5.09% during the forecast period 2022-2028.
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The
countries examined in the region include:
•
China
•
India
•
Australia & New Zealand
•
Japan
•
South Korea
•
ASEAN Countries
•
Rest of Asia-Pacific
China
secures the highest shares in the tire aftermarket, tire replacement market. With a strong manufacturing base, skilled labor,
and special economic zones, the region’s market has witnessed significant
development. Moreover, the high demand for automotive components across
countries like India, China, Indonesia, and Japan has increased the need for
tire replacement. Therefore, the growing automotive sector is widening the
scope of the studied market across the region.
China, for instance, is among the top producers
of automobiles, which creates a high demand for tires. The rapid sale of
electric vehicles is a major trend accelerating the studied market’s growth.
Estimates indicate that China has surpassed the 20% EV share object defined in
the nation’s 14th Five-Year Energy Saving and Emission Reduction
Work Plan. Furthermore, the expanding e-commerce sector has resulted in
companies like Alibaba offering tire products directly to consumers. Therefore,
these trends are projected to create opportunities for the tire aftermarket,
tire replacement market.
The rise in the e-commerce sector has increased
the need for radial tires for last-mile deliveries. Rubber-coated polyester or
steel cable belts are generally used to manufacture these tires. In this
regard, the radial construction reduces tire resistance while increasing
flexibility. Moreover, it helps dissipate heat, extending the tire’s life. This
is less likely to result in a flat area when vehicles are not used for longer. The market’s growth is assessed in terms of
tire type, rim size, and distribution channel. The tire type segment is
divided into radial and bias tires.
The
major companies in the market include Bridgestone Corporation, Goodyear Tires,
Sumitomo Rubber Industries Ltd, Toyo Tires, Michelin, and The Yokohama Rubber
Co Ltd.
Bridgestone Corporation manufactures and markets
tires and tire tubes, tire raw materials, and other related products for
construction and mining vehicles, agricultural machinery, trucks, passenger
cars, buses, and motorcycles. The company also produces industrial rubber,
chemical products, and sporting goods. It offers automotive maintenance and
repair services, along with commercial roofing materials. Bridgestone has
operations across multiple regions, with headquarters located in Tokyo, Japan.
Key deliverables of the report:
● Market CAGR during the forecasting years 2022-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the tire aftermarket, tire replacement market revenue growth in the Asia-Pacific and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
●
A wide-ranging study of factors that will challenge the APAC tire
aftermarket, tire replacement market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. ASIA-PACIFIC
TIRE AFTERMARKET, TIRE REPLACEMENT MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. KEY
INSIGHTS
2.1.1. GROWING
INCLINATION TOWARD THE DEVELOPMENT OF AIRLESS TIRES
2.1.2. TIRE
CUSTOMIZATION AND PERSONALIZATION ACCELERATE MARKET EXPANSION
2.2. IMPACT
OF COVID-19 ON THE TIRE AFTERMARKET, TIRE REPLACEMENT MARKET
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. MARKET
ATTRACTIVENESS INDEX
2.5. VENDOR
SCORECARD
2.6. KEY
MARKET STRATEGIES
2.6.1. MERGERS
& ACQUISITIONS
2.6.2. PRODUCT
LAUNCHES & DEVELOPMENTS
2.6.3. PARTNERSHIPS
2.6.4. BUSINESS
EXPANSIONS & DIVESTITURES
2.7. MARKET
DRIVERS
2.7.1. SPIKE
IN DEMAND FOR FUEL-EFFICIENT TIRES
2.7.2. MANDATORY
TIRE LABELING NORMS
2.8. MARKET
CHALLENGE
2.8.1. UNCERTAINTY
IN THE PRICING OF AUTOMOTIVE RAW MATERIALS
2.9. MARKET
OPPORTUNITY
2.9.1. ELECTRIC
VEHICLE TIRE REPLACEMENT IS A LUCRATIVE SEGMENT
3. ASIA-PACIFIC
TIRE AFTERMARKET, TIRE REPLACEMENT MARKET - BY TIRE TYPE
3.1. RADIAL
TIRE
3.2. BIAS
TIRE
4. ASIA-PACIFIC
TIRE AFTERMARKET, TIRE REPLACEMENT MARKET - BY RIM SIZE
4.1. 13- 15
INCHES
4.2. 16 -18
INCHES
4.3. 19-21
INCHES
4.4. MORE
THAN 21 INCHES
5. ASIA-PACIFIC
TIRE AFTERMARKET, TIRE REPLACEMENT MARKET - BY DISTRIBUTION CHANNEL
5.1. ORIGINAL
EQUIPMENT SUPPLIER (OES)
5.2. INDEPENDENT
AFTERMARKET (IAM)
6. ASIA-PACIFIC
TIRE AFTERMARKET, TIRE REPLACEMENT MARKET – COUNTRY OUTLOOK
6.1. CHINA
6.2. JAPAN
6.3. INDIA
6.4. SOUTH
KOREA
6.5. ASEAN
COUNTRIES
6.6. AUSTRALIA
& NEW ZEALAND
6.7. REST
OF ASIA-PACIFIC
7. COMPETITIVE
LANDSCAPE
7.2. BRIDGESTONE
CORPORATION
7.3. CONTINENTAL
AG
7.4. GOODYEAR
TIRES
7.5. PIRELLI
& C SPA
7.6. SUMITOMO
RUBBER INDUSTRIES LTD
7.7. TOYO
TIRES
7.8. THE
YOKOHAMA RUBBER CO LTD
7.9. APOLLO
TYRES
7.10. MRF
7.11. CEAT
LIMITED
7.12. NEXEN
TIRE CORPORATION
7.13. HANKOOK
TIRE & TECHNOLOGY CO LTD
7.14. JK
TYRE
7.15. MAXXIS
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $
BILLION)
TABLE 2: VENDOR SCORECARD
TABLE 3: LISTS THE MERGERS
& ACQUISITIONS
TABLE 4: LIST OF PRODUCT
LAUNCHES & DEVELOPMENTS
TABLE 5: LIST OF PARTNERSHIPS
TABLE 6: LIST OF INVESTMENTS
TABLE 7: ASIA-PACIFIC TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $
BILLION)
TABLE 8: ASIA-PACIFIC TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET, BY TIRE TYPE, 2022-2028 (IN $ BILLION)
TABLE 9: ASIA-PACIFIC TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET, BY RIM SIZE, 2022-2028 (IN $ BILLION)
TABLE 10: ASIA-PACIFIC TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET, BY DISTRIBUTION CHANNEL, 2022-2028 (IN $
BILLION)
FIGURE 1: MARKET
ATTRACTIVENESS INDEX
FIGURE 2: ASIA-PACIFIC TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET, BY TIRE TYPE, 2021 & 2028 (IN %)
FIGURE 3: ASIA-PACIFIC TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET, BY RADIAL TIRE, 2022-2028 (IN $ BILLION)
FIGURE 4: ASIA-PACIFIC TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET, BY BIAS TIRE, 2022-2028 (IN $ BILLION)
FIGURE 5: ASIA-PACIFIC TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET, BY RIM SIZE, 2021 & 2028 (IN %)
FIGURE 6: ASIA-PACIFIC TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET, BY 13- 15 INCHES, 2022-2028 (IN $
BILLION)
FIGURE 7: ASIA-PACIFIC TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET, BY 16 -18 INCHES, 2022-2028 (IN $
BILLION)
FIGURE 8: ASIA-PACIFIC TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET, BY 19 -21 INCHES, 2022-2028 (IN $
BILLION)
FIGURE 9: ASIA-PACIFIC TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET, MORE THAN 21 INCHES, 2022-2028 (IN $
BILLION)
FIGURE 10: ASIA-PACIFIC TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET, BY DISTRIBUTION CHANNEL, 2021 & 2028
(IN %)
FIGURE 11: ASIA-PACIFIC TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET, BY ORIGINAL EQUIPMENT SUPPLIER (OES),
2022-2028 (IN $ BILLION)
FIGURE 12: ASIA-PACIFIC TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET, BY INDEPENDENT AFTERMARKET (IAM),
2022-2028 (IN $ BILLION)
FIGURE 13: ASIA-PACIFIC TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET, BY COUNTRY OUTLOOK, 2021 & 2028 (IN
%)
FIGURE 14: CHINA TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET 2022-2028 (IN $ BILLION)
FIGURE 15: JAPAN TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET 2022-2028 (IN $ BILLION)
FIGURE 16: INDIA TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET 2022-2028 (IN $ BILLION)
FIGURE 17: SOUTH KOREA TIRE
AFTERMARKET, TIRE REPLACEMENT MARKET 2022-2028 (IN $ BILLION)
FIGURE 18: ASEAN COUNTRIES
TIRE AFTERMARKET, TIRE REPLACEMENT MARKET 2022-2028 (IN $ BILLION)
FIGURE 19: AUSTRALIA & NEW
ZEALAND TIRE AFTERMARKET, TIRE REPLACEMENT MARKET 2022-2028 (IN $ BILLION)
FIGURE 20: REST OF
ASIA-PACIFIC TIRE AFTERMARKET, TIRE REPLACEMENT MARKET 2022-2028 (IN $ BILLION)