Japan Tyre Market Assessment, By Tyre Type [Winter Tyres, Summer Tyres], By Vehicle Type [Passenger Car Tyre, Light Truck Tyre, Truck and Bus Tyre, Special Vehicle Tyre, Motorcycle Tyre], By Rim Size [Below 16 Inches, 16 Inches - 20 Inches, Above 20 Inches], By Tyre Construction Type [Radial Tyres, Bias Tyres], By End-User Type [OEM, Replacement], By Distribution Channel [Online, Offline], By Region, Opportunities, and Forecast, FY2016-FY2030F

The Japan tyre market was worth USD 13.05 billion in FY2022 and is further projected to reach USD 20.68 billion by the year FY2030, growing at a CAGR of 5.9% during the forecast period.

Home>Industry Reports>Japan Tyre Market Assessment, Opportunities, and Forecast, FY2016-FY2030F

The Japan tyre market was worth USD 13.05 billion in FY2022 and is further projected to reach USD 20.68 billion by the year FY2030, growing at a CAGR of 5.9% during the forecast period. Increasing production and demand for vehicles, escalation in vehicle ownerships, increased tyre manufacturer competitiveness, and technological advancements contributed to the growth of the Japan tyre market. In addition, the increasing population, rapid urbanization, transition to the nuclear family structure, and better purchasing power of the consumers also contributed to shaping the market growth. Post COVID-19, in many emerging industries and e-commerce businesses, companies are now offering to provide home delivery and transportation solutions to its customers and clients, which has in turn increased the production of commercial vehicles like trucks, tractors and trailers, and therefore, boosting the revenues of tyre companies in Japan.

Japan's vehicle manufacturing capacity is constantly rising. The Japanese consumers understand that having the right vehicle tyre can enhance the fuel efficiency, handling and overall safety. The price, total life (in kilometres), safety & grip, ruggedness, and fuel efficiency offered by the tyre are some of the key factors that the customers consider while making purchasing decision. The government of Japan has set some standards for production with the aim of an efficient and sustainable environment. It encourages the public to buy more efficient and eco-friendly tyres for their vehicles.

However, factors such as fluctuating raw material prices and rising demand for tyre remoulding are anticipated to restrain the market's expansion. Additionally, it is anticipated that improvements in the technology, fuel economy, and the growing popularity of electric cars would open a wide range of opportunities for the market growth.

Passenger Car Tyre Dominates the Japan Tyre Market

With the growing interest in small passenger cars by the Japanese population, the passenger car tyres has been experiencing significant growth with the largest market share in volumes across vehicle types. In the year FY2022, the tyre sales of passenger cars were at around 79791 thousands units, followed by light truck tyres and truck & bus tyres.

Replacement Tyres Have Significantly Contributed to the Market Growth

Due to their dense population, most of the Japanese cities provide significant challenges for drivers in terms of traffic and parking. Given the huge base of vehicle parc as Japan has traditionally been a matured automobile market with high vehicle ownership for several decades; the replacement tyre segment is the highest contributor holding 66.8% share in the total tyre market in terms of volume in FY2022.

Impact of COVID-19 on the Japan Tyre Market

Due to the outbreak of COVID-19 pandemic, the automotive sector witnessed several setbacks. The economic slowdown, lockdown and social distancing norms limiting public movement and stress on the business and employment sector had a negative impact on the disposable income of consumers which led to a major downturn in Japanese automobile and tyre industry. With the temporary shortage of raw materials in, operational challenges in production, manufacturing, supply chains, and testing caused decline in the Japan tyre market in 2020. Following the removal of COVID-19 restrictions in second half of 2020 and 2021, Japan’s automotive and tyre industry recorded a smart recovery.

Impact of Russia-Ukraine War on Japan Tyre Market

Russia and Ukraine war had triggered the slowdown in Japan tyre market, due to future uncertainties and ongoing supply chain issues. Japanese tyre manufacturer Bridgestone Corp., Ltd. had taken an exit from Russia. In March 2022, Bridgestone made the decision to halt all manufacturing operations and new investments in Russia. Along with Bridgestone, Michelin Group, and The Yokohama Rubber Company Limited have stopped their production in Russia.

Japan Tyre Market Assessment, Opportunities and Forecast, 2016-2030F: Report Scope

“Japan Tyre Market Assessment, Opportunities and Forecast, 2016-2030F”, is a comprehensive report by Market Xcel, providing in-depth analysis and qualitative & quantitative assessment of the current state of the tyre market in Japan, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities, and forecasts (2023-2030). Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute

Details

Base Year of the Analysis

FY2022

Historical Period

FY2016-FY2022

Forecast Period

FY2023-FY2030

Projected Growth Rate

CAGR of 5.9% from FY2023-FY2030

Revenue forecast in FY2030

USD 20.68 billion

Segments Covered

Tyre Type

Vehicle Type

Rim Size

Tyre Construction Type

End-User Type

Distribution Channel

Regions Covered

Hokkaido, Tohoku, Kanto, Chubu, Kinki, Chugoku, Shikoku, and Kyushu-Okinawa

Key Companies Profiled

Bridgestone Corporation, Sumitomo Rubber Industries, Ltd., Yokohama Rubber Company, Limited, Toyo Tire Corporation, Michelin Tyre Public Limited Company, Pirelli Tyre S.P.A, Continental A.G., Goodyear Tire & Rubber Company, Hankook Tire & Technology Co., Ltd., Trelleborg AB.

Customization Scope

15% free report customization with purchase

Pricing and Purchase Options

Avail the customized purchase options to fulfil your precise research needs

Delivery Format

PDF and Excel through email (subject to the license purchased)

Download Free Sample Report

 

In this report, Japan Tyre Market has been segmented into the following categories: 

1.       Japan Tyre Market, By Tyre Type

1.1   Winter Tyre

1.2   Summer Tyre

2.       Japan Tyre Market, By Vehicle Type

2.1   Passenger Car Tyre

2.2   Light Truck Tyre

2.3   Truck and Bus Tyre

2.4   Special Vehicle Tyre

2.5   Motorcycle Tyre

3.       Japan Tyre Market, By Rim Size

3.1   Below 16 Inches

3.2   16 Inches - 20 Inches

3.3   Above 20 Inches

4.       Japan Tyre Market, By Tyre Construction Type

4.1   Radial Tyres

4.2   Bias Tyres

5.       Japan Tyre Market, By End-User Tyre

5.1   OEM

5.2   Replacement

6.       Japan Tyre Market, By Distribution Channel

6.1   Online

6.2   Offline

6.2.1         Original Equipment Manufacturers (OEMs)

6.2.2         Distributors and Dealers

6.2.3         Retailers/Local Vendors

6.2.4         Others

7.       Japan Tyre Market, By Region

7.1   Hokkaido

7.2   Tohoku

7.3   Kanto

7.4   Chubu

7.5   Kinki

7.6   Chugoku

7.7   Shikoku

7.8   Kyushu-Okinawa

Key Players Landscape and Outlook

Wide range of companies are involved in the development and manufacturing of tyres in Japan. Factors such as intensified competition, rising demand for high-tech tyres, environmental sustainability practices are the challenges for tyre manufacturers.  Bridgestone Corporation is a leading manufacturer and holds significant share of the Japan tyre market. The company intends to complete research and development of new tyre recycling technologies by the year 2030 to lessen the carbon footprint of the automotive supply chain.  According to Bridgestone, roughly 10% of the tyres disposed of in Japan each year, or about 100,000 tonnes, are expected to be recycled annually.

The Japan tyre market is highly competitive with the key players involving Sumitomo Rubber Industries Ltd., Yokohama Rubber Company Limited, Toyo Tire Corporation, Michelin Tyre Public Limited Company, Pirelli Tyre S.P.A, among others. In this industry, competitive tactics such as alliances, mergers, acquisitions, joint ventures, etc. are very common. Furthermore, to stay ahead in the competition, players have made significant investments in the R&D projects to introduce new products and increase production capabilities. For instance, in February 2022, the Yokohama Rubber Co. Ltd. launches two new fuel-efficient tyres. The basic concept for this launch is to provide the utmost comfort and longer-lasting tyres for mini-vans.

Key Player Operating in Japan Tyre Market

·      Bridgestone Corporation

·      Blue Buffalo Co. Ltd Sumitomo Rubber Industries, Ltd.

·      Yokohama Rubber Company, Limited

·      Toyo Tire Corporation

·      Michelin Tyre Public Limited Company 

·      Pirelli Tyre S.P.A

·      Continental A.G.

·      Goodyear Tire & Rubber Company

·      Hankook Tire & Technology Co., Ltd.

·      Trelleborg AB

 

Key Benefits of Buying This Report

Market Xcel reports are based on qualitative and quantitative data collected through ‘on-ground’ primary research interventions. Based on our in-depth research, our reports can also provide granular city/state level market size data. The report includes deeper actionable insights provided by the industry experts & Key Opinion Leaders thus offering cutting-edge business solutions. The forecast data included in the report is based on ‘Drivers based forecasting’ technique ensuring accurate decoding of the future. 

If you can't find what you're searching for or have any custom requirements for Japan Tyre Market, you may approach our team at info@marketsandata.com

Table of Contents

1.       Research Methodology

2.       Product Overview

3.       Impact of COVID-19 on the Japan Tyre Market

4.       Impact of Russia-Ukraine War on Japan Tyre Market

5.       Executive Summary

6.       Voice of Customer

6.1   By Demographics (Age, Geography, Income, etc.)

6.2   Brand Awareness and Loyalty

6.3   Factors Affecting Purchase Decision

6.3.1         Price

6.3.2         Brand

6.3.3         Quality

6.3.4         Tyre Dimensions

6.3.5         Purpose/Usage

6.3.6         Promotional Offers

6.3.7         Reviews and Recommendations

6.4   Buying Behaviour Analysis

6.4.1         Channel of Purchase

6.4.2         Frequency of Purchase

6.5   Intent of Future Purchases

7.       Japan Tyre Market Outlook, FY2016-2030F

7.1   Market Size & Forecast  

7.1.1         By Value

7.1.2         By Volume

7.2   Market Share & Forecast

7.2.1         By Tyre Type

7.2.1.1    Winter Tyres

7.2.1.2    Summer Tyres

7.2.2         By Vehicle Type

7.2.2.1    Passenger Car Tyre

7.2.2.2    Light Truck Tyre

7.2.2.3    Truck and Bus Tyre

7.2.2.4    Special Vehicle Tyre

7.2.2.5    Motorcycle Tyre

7.2.3         By Rim Size

7.2.3.1    Below 16 Inches

7.2.3.2    16 Inches - 20 Inches

7.2.3.3    Above 20 Inches

7.2.4         By Tyre Construction Type

7.2.4.1    Radial Tyres

7.2.4.2    Bias Tyres

7.2.5         By End-User Type

7.2.5.1    OEM

7.2.5.2    Replacement

7.2.6         By Distribution Channel

7.2.6.1    Online

7.2.6.2    Offline

7.2.6.2.1          Original Equipment Manufacturers (OEMs)

7.2.6.2.2          Distributors and Dealers

7.2.6.2.3          Retailers/Local Vendors

7.2.6.2.4          Others

7.2.7         By Region

7.2.7.1    Hokkaido

7.2.7.2    Tohoku

7.2.7.3    Kanto

7.2.7.4    Chubu

7.2.7.5    Kinki

7.2.7.6    Chugoku

7.2.7.7    Shikoku

7.2.7.8    Kyushu-Okinawa

8.       Japan Tyre Market Mapping FY2022

8.1   By Tyre Type

8.2   By Vehicle Type

8.3   By Rim Size

8.4   By Tyre Construction Type

8.5   By End User Type

8.6   By Distribution Channel

8.7   By Region

9.       Market Business Environment Review

9.1   Porter’s Five Forces Analysis

9.1.1         Supplier Power

9.1.2         Buyer Power

9.1.3         Substitution Threat

9.1.4         Threat from New Entrant

9.1.5         Competitive Rivalry

9.2   PESTEL Analysis

9.2.1         Political Framework

9.2.2         Environmental Impact

9.2.3         Social Factors

9.2.4         Technological Advancements

9.2.5         Economic Review

9.2.6         Legal Policies and Regulatory Bodies

9.3   Price Point Analysis

9.4   Value Chain Analysis

9.5   Supply Demand Analysis

9.6   Import Export Analysis

10.   Market Dynamics

10.1           Growth Opportunities

10.2           Growth Inhibitors

11.   Key Trends & Developments

12.   Key Players Landscape

12.1           SWOT Analysis (Top Five Market Leaders)

12.2           Competition Matrix of Market Leaders

12.3           Market Revenue Analysis of Market Leaders (in %, 2022)

12.4           Emerging Players and Substitutes

12.5           Mergers & Acquisitions/ Joint Ventures (If Applicable)

13.   Key Players Outlook

13.1           Bridgestone Corporation

13.1.1      Company Details

13.1.2      Key Management Personnel

13.1.3      Products & Services

13.1.4      Financials (As reported)

13.1.5      Key Market Focus & Geographical Presence

13.1.6      Recent Developments

13.2           Sumitomo Rubber Industries, Ltd.

13.3           Yokohama Rubber Company, Limited

13.4           Toyo Tire Corporation

13.5           Michelin Tyre Public Limited Company 

13.6           Pirelli Tyre S.P.A

13.7           Continental A.G.

13.8           Goodyear Tire & Rubber Company

13.9           Hankook Tire & Technology Co., Ltd.

13.10       Trelleborg AB

*Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

14.   Strategic Recommendations

15.   About Us & Disclaimer

List of Figure

Figure 1. Japan Tyre Market, By Value, In USD Million, FY2016 - 2030F

Figure 2. Japan Tyre Market, By Volume, In Thousand Units, FY2016 - 2030F

Figure 3. Japan Tyre Market Share, By Tyre Type, In USD Million, FY2016 - 2030F

Figure 4. Japan Tyre Market Share, By Tyre Type, In Thousand Units, FY2016 - 2030F

Figure 5. Japan Tyre Market Share, By Vehicle Type, In USD Million, FY2016 - 2030F

Figure 6. Japan Tyre Market Share, By Vehicle Type, In Thousand Units, FY2016 - 2030F

Figure 7. Japan Tyre Market Share, By End User Type, In USD Million, FY2016 - 2030F

Figure 8. Japan Tyre Market Share, By End User Type, In Thousand Units, FY2016 - 2030F

Figure 9. Japan Tyre Market Share, By Region, In USD Million, FY2016 - 2030F

Figure 10. Japan Tyre Market Share, By Region, In Thousand Units, FY2016 - 2030F

Figure 11. Tyre Type Map-Market Size (USD Million) & Growth Rate (%), FY2022

Figure 12. Vehicle Type Map-Market Size (USD Million) & Growth Rate (%), FY2022

Figure 13. End User Type Map-Market Size (USD Million) & Growth Rate (%), FY2022

Figure 14. Region Map-Market Size (USD Million) & Growth Rate (%), FY2022

List of Table_Japan Tyre Market      

 Table 1. Pricing Analysis of Products from Key Players

 Table 2. Competition Matrix of Top 5 Market Leaders

 Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)

 Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

Who are the key players operating in Japan Tyre Market?

arrowup
Heart

Japan Artificial Intelligence Market Assessment, Opportunities, and Forecast, FY2017-FY2031F

Japan's Artificial Intelligence market has been witnessing notable progress. The Japan Artificial Intelligence market is estimated to achieve a value of USD 15.84 billion by the fiscal year 2031, showing substantial growth from USD 5.95 billion in FY....Read More

Published on

December 2023

3,300

Heart

Vietnam Commercial Vehicle Market Assessment, Opportunities and Forecast, 2016-2030F

Vietnam Commercial Vehicle Market size was valued at USD 3.07 billion in 2022 which is expected to reach USD 5.84 billion in 2030 with a CAGR of 8.37% for the forecast period between 2023 and 2030. ....Read More

Published on

December 2023

3,300

Heart

Japan Internet of Things Market Assessment, Opportunities and Forecast, FY2017-FY2031

Japan Internet of Things Market size is valued at USD 11.71 billion in FY2023, expected to reach USD 50.08 billion in FY2031 with a CAGR of 19.92% for the forecast period between FY2024 and FY2031.....Read More

Published on

December 2023

3,300

Heart

Japan Ready-To-Eat Food Market Assessment, Opportunities, and Forecast, FY2017-FY2031F

Japan Ready-To-Eat Food Market is expected to witness a CAGR of 4.03% during the forecast period FY2024-FY2031. The market was valued at USD 8.14 billion in FY2023 and is anticipated to reach USD 11.17 billion by FY2031.....Read More

Published on

December 2023

3,300

Purchase Options

USD ($)

arrowdown

i

2,000

i

3,300

i

4,500

i

7,000

Tired of Searching?

Looking for Customization?

Some other doubt?

Need insights from a cohort?

REACH US

    icon_Five
    17, Okhla Industrial Estate Phase 3 Rd, Okhla Phase III, Okhla Industrial Estate, New Delhi, Delhi 110020
    call_Two
    +91 11 42343567
    icon_Six
    info@marketsandata.com
icon_Seven
5741 Cleveland street, Suite 120, VA beach, VA, USA 23462
call_Three
+1 (757) 343-3258
icon_Eight
190 Middle Road, # 14-10 Fortune Centre, Singapore -188979