Japan Tire Market is Projected to Grow at a CAGR of 1.8% from 2024-30| MarkNtel Advisors

Overview of the Japan Tire Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “Japan Tire Market By Vehicle Type (Passenger Cars (SUV, Sedan, Hatchback & Bakkies), Light Commercial Vehicles (LCV) (Light Trucks, Light Buses, Pickup Trucks & Vans), Medium & Heavy Commercial Vehicles (Bus, Truck), Two Wheelers (Moped, Scooters, Motorcycles), Off the Road (OTR) (Earthmoving Equipment, Material Handling Equipment, Industrial & Mining Equipment)), By Type of Tire (Radial, Bias), By Demand Type (OEM, Replacement), By Season (All-Season, Summer), By Sales Channel (Online, Dealers/ Exclusive Outlets), By Rim Size (Up to 12, 12.1” to 15”, 15.1.” to 18”, 18.1” to 20”, 20.1” to 22.5”, 22.6” to 26”, 26.1” to 35”, 35.1” to 47”, Above 47”), By Price Category (Low, Medium, High) and others, 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. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

Japan Tire Market Growth and Scope:

Base Year: 2023

Forecast Period: 2024-30

Historical Data: 2019-22

CAGR (2024-30): 1.8%

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Japan Tire Market 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.

A Comprehensive Analysis of Leading Companies of Japan Tire Market by MarkNtel Advisors:

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

Key Japan Tire Market Segmentation:

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/japan-tire-market.html

-By Demand Type

OEM
Replacement

Of both, the demand for replacement tires has witnessed a significant surge during the historical period.

-By Type of Vehicle

Passenger Cars
Light Commercial Vehicles (LCV)
Medium & Heavy Commercial Vehicles
Two Wheelers
Off-the-Road (OTR)

Here, passenger cars dominate the Japan Tire Market with the largest share, and the same trend is likely during 2024-30.

-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

Geographical Analysis

-By Region

Hokkaido
Tohoku
Kanto
Chubu
Others

Key Reports Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 1.80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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