Japan Tire Market Size, Growth Analysis Report, Forecast to 2027
Japan Tire Market: Report Based on Development, Scope, Share, Trends, Forecast to 2027
Japan Tire Market Trends | Segmentation, Outlook, Industry Report to 2021-2027

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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Some of the key players of the Japan tire market include Bridgestone Corp., Sumitomo Rubber Industries, Ltd., The Yokohama Rubber Co., Ltd., Toyo Tire Corp., Goodyear Tire and Rubber Co. among others. The market players are significantly contributing to the market growth by adopting various strategies including mergers, & acquisitions, collaborations, new product launch, and geographical expansion, to stay competitive in the market.


The market study of the Japan tire market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate.

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

Japan Automotive Tire Market by Road Application
• All-Season Tire
• Summer Tire
• Winter Tire
• Other (All-Terrain Tire)

Japan Automotive Tire Market by Construction
• Radial Tire
• Bias Ply Tire

Japan Automotive Tire Market by Tire Type
• Tubeless Tire
• Tubbed Tire

Japan Automotive Tire Market by Sales Channel
• OEM (Original Equipment Manufacturer)
• Aftermarket (Replacement)


Japan Tire Market – Segment by Region
North America
• United States
• Canada

Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World
• Latin America
• Middle East and Africa

Company Profiles
• Bridgestone Corp.
• Continental AG
• Goodyear Tire and Rubber Co.
• Hankook Tire Co. Ltd.
• Michelin Group
• Pirelli & C. S.p.A.
• Sumitomo Rubber Industries Ltd.
• The Yokohama Rubber Co, Ltd.
• Toyo Tire Corp.


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