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Japan Tire/Tyre Market By Vehicle Type (Passenger Car Tyres, Light Truck Tyres, Truck and Bus Tyres, Special Vehicle Tyres, Motorcycle Tyres); By OEM and Replacement Segment (OEM Tyres – Passenger Car, Motorcycle, Light Truck, Truck and Bus, Special Vehicle; Replacement Tyres – Light Truck, Truck and Bus, Special Vehicle, Passenger Car, Motorcycle); By Imports and Exports (Imports, Exports); By Radial and Bias Tyres (Radial Tyres, Bias Tyres); By Tube and Tubeless Tyres (Tube Tyres, Tubeless Tyres) – Analysis, Opportunities & Forecast, 2024 – 2032

Price: $1999

Published: | Report ID: 32634 | Report Format : PDF

Market Overview

The Japan tire market is poised for significant growth, with a projected expansion from USD 11.46 billion in 2023 to USD 16.6 billion by 2032, representing a compound annual growth rate (CAGR) of 4.2% throughout the forecast period of 2022 to 2032. This anticipated growth can be attributed to the tire industry’s commitment to research and development (R&D), leading to the introduction of innovative tire technologies. These innovations encompass eco-friendly tire options and tires equipped with advanced tread patterns designed to enhance traction and fuel efficiency. Japan stands as a hub for tire manufacturing, boasting several globally renowned tire manufacturers known for producing high-quality, dependable tires that are coveted both domestically and in international markets.

One notable leader in the Japanese tire market is Bridgestone Corporation, which holds the distinction of being the largest rubber tire manufacturing company in Japan. In 2022, the company achieved sales totaling over 3.2 trillion Japanese yen. Other significant players in the industry, such as Toyo Tire & Rubber Co., Ltd. and Sumitomo Rubber Industries, contribute to Japan’s tire market’s robust presence across various sectors, including passenger vehicles, commercial vehicles, motorcycles, and industrial equipment. Tires play a pivotal role in the automotive ecosystem, ensuring the safety, performance, and efficiency of vehicles, thereby underscoring their critical significance.

Japan has historically held a prominent position as the fourth-largest automotive market globally. The country’s automotive landscape benefits from the extensive presence of renowned automakers like Honda and Nissan, ensuring a steady production and sale of vehicles that adhere to industry standards. Furthermore, Japanese tire manufacturers are recognized for their cutting-edge engineering, innovative tire designs, and commitment to eco-friendly manufacturing practices. In line with emerging trends, these manufacturers are investing in the development of autonomous vehicle technologies, a move expected to fuel further growth in Japan’s tire market.

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The Japan Tire Market report offers a comprehensive analysis, encompassing market size, growth rate, competitive landscape, and key market players. This invaluable resource equips companies with insights to align their strategies effectively and maintain a competitive edge. Moreover, the report provides valuable information on emerging market trends, regional market shares, potential business opportunities, and other pertinent details necessary for success in the tire market. As competition intensifies, Japanese tire companies face the challenge of enhancing their product offerings and improving cost competitiveness to retain their competitive edge amid the relentless competition posed by other Asian tire manufacturers.

Japan’s tire market is a dynamic segment of the automotive industry, characterized by innovative technology and stringent quality standards. Japan ranks among the leading nations in tire manufacturing and design, thanks to its advanced research and development capabilities and its commitment to environmental sustainability. The market is propelled by the presence of major automobile manufacturers and a robust domestic demand for vehicles.

The tire industry in Japan is not only about catering to domestic needs but also plays a significant role in the global tire market. The export of tires from Japan is a substantial part of the industry, with the country being recognized for producing high-quality, durable, and technologically advanced tires.

The evolution of the tire market in Japan has been influenced by several factors, including technological advancements, changes in consumer preferences, and the growing emphasis on eco-friendly products. There is a noticeable shift towards green tires, which are designed to reduce environmental impact through improved fuel efficiency and the use of sustainable materials.

Another key aspect of the Japanese tire market is its resilience and adaptability in the face of challenges such as raw material price fluctuations and global economic uncertainties. The market has shown an ability to innovate and find new growth avenues, making it a significant player in the global tire industry.

Key Market Drivers

Technological Innovation and Quality Standards

One of the primary drivers of the Japanese tire market is the relentless pursuit of technological innovation. Japanese tire manufacturers are renowned for their commitment to quality and performance, underpinned by extensive research and development. This focus on innovation has led to the creation of advanced tire technologies such as run-flat tires, eco-friendly tires, and tires optimized for electric vehicles (EVs).

The emphasis on quality standards is evident in the meticulous testing and quality control processes adopted by Japanese manufacturers. This dedication to quality not only enhances the safety and performance of the tires but also strengthens the reputation of Japanese tires in the global market.

Automotive Industry Synergy

Japan’s robust automotive industry is another key driver of the tire market. The presence of major automobile manufacturers like Toyota, Honda, and Nissan creates a substantial domestic demand for tires. These automotive giants often collaborate with tire manufacturers for customized tire solutions, further fostering innovation and growth in the tire market.

The growth in the electric vehicle segment in Japan also influences the tire market. EVs require specialized tires that can handle the unique demands of electric propulsion, such as increased torque and weight. This has opened new avenues for tire manufacturers to develop and supply tires specifically designed for electric vehicles, further driving market growth.

Key Market Restraints

Despite its strengths, the Japanese tire market faces some challenges. One significant restraint is the fluctuation in raw material prices. The cost of natural rubber and other essential materials can vary widely due to factors like climate change, political instability in producing countries, and global market trends. These fluctuations can lead to increased production costs for tire manufacturers, affecting their profitability and pricing strategies. Additionally, Japan’s reliance on imports for raw materials makes it susceptible to supply chain disruptions, which can further impact tire production and market stability.

Market Opportunities

The Japanese tire market presents several opportunities for growth and expansion. Some of these include:

  1. Japanese tire manufacturers have the opportunity to expand their presence in emerging markets, where the demand for vehicles and, consequently, tires is growing rapidly.
  2. Ongoing innovation, especially in the development of eco-friendly and smart tires, offers significant opportunities. Smart tires, equipped with sensors for monitoring pressure and tread wear, are becoming increasingly popular.
  3. Collaborating with automobile manufacturers for OEM (Original Equipment Manufacturer) contracts can provide stable revenue streams and opportunities for joint innovation.
  4. Embracing recycling and sustainable manufacturing practices can open up new markets, especially in regions with strict environmental regulations.
  5. Developing tires specifically designed for electric vehicles, which have different requirements compared to traditional vehicles, is a growing niche.

Interesting Facts About the Market

  1. Japan is home to some of the world’s leading tire manufacturers, such as Bridgestone and Yokohama, known for their innovation and quality.
  2. Japanese tire manufacturers are pioneers in the development of eco-friendly tires, focusing on reducing CO2 emissions and improving fuel efficiency.
  3. The country’s tire industry is heavily export-oriented, with a significant portion of its production being shipped worldwide.
  4. Japan has stringent tire safety and performance standards, often exceeding those of other countries.
  5. The adoption of advanced manufacturing technologies, like AI and robotics, is high in Japanese tire factories, enhancing efficiency and precision.
  6. Japan is at the forefront of developing tires for electric vehicles, with specific designs to handle increased torque and weight.
  7. There is a growing trend in Japan towards tires made from sustainable materials, like synthetic rubber and recycled materials.
  8. Japanese tire companies are heavily invested in motorsports, using the platform for brand promotion and technology testing.
  9. The market is characterized by a high level of competition, with several domestic and international players vying for market share.
  10. Innovation in tire design is a hallmark of the Japanese market, with manufacturers regularly introducing tires with new features and capabilities.

Top Key Players

The Japanese tire market is dominated by several key players, including:

  • Bridgestone Corporation
  • Yokohama Rubber Company
  • Sumitomo Rubber Industries
  • Toyo Tire Corporation
  • Nitto Tire
  • Dunlop Tires
  • Michelin
  • Goodyear
  • Continental AG
  • Pirelli

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Competitive Landscape

The competitive landscape of Japan’s tire market is marked by intense competition among both domestic and international players. The market is characterized by a focus on technological innovation, quality, and brand reputation. Companies compete on various fronts, including price, product offerings, technological advancements, and marketing strategies.

Japanese tire manufacturers are known for their strategic collaborations with automobile manufacturers, both domestically and internationally. This not only provides a steady demand for their products but also allows for joint development of tire technologies suited to new vehicle models and types.

Another significant aspect of the competitive landscape is the investment in research and development. Companies are continuously working on new tire technologies to improve safety, efficiency, and environmental sustainability. The development of eco-friendly tires and tires suited for electric vehicles are key areas of focus.

Moreover, marketing and brand positioning play a crucial role in the competitive dynamics of the market. Companies invest heavily in marketing campaigns, sponsorships (such as in motorsports), and branding initiatives to enhance their market presence and consumer perception.

Recent Developments:

  • February 3, 2022: Bridgestone announced the planned expansion of four of its tire plants in Japan, including facilities in Tochigi, Hikone, Hofu, and Tosu. The company committed ¥8.2 billion (around $71.4 million) to these expansions, with the goal of increasing production capacity by about 6,200 tires per day by 2025, a 10% increase. This initiative is part of Bridgestone’s strategy to enhance its production of premium tires​​.
  • January 2023: The Yokohama Rubber Co., Ltd. announced the start of operations at their new indoor ice circle test facility within the Tire Test Center of Hokkaido (TTCH). This facility, renowned for being the most extensive of its kind in Japan, is dedicated to conducting detailed tests on the turning capabilities of winter tires on icy surfaces. The establishment of this state-of-the-art facility underscores Yokohama Rubber’s commitment to advancing tire safety and performance, particularly under challenging winter conditions.
  • April 2023: Bridgestone Corporation implemented a significant environmental initiative by transitioning all the electricity purchased for six of its tire and raw materials plants in Japan to renewable energy sources. This move was part of Bridgestone’s broader commitment to sustainability and reducing its environmental impact.
  • August 30, 2023: Toyo Tires released its Integrated Report 2023. This report is the company’s first annual report to combine financial and non-financial information in an integrated manner. It is a part of Toyo Tires’ Mid-Term ’21 Plan, emphasizing the integration of sustainability and ESG into its business management to address social issues and support the development of a sustainable society​​.
  • December 4, 2023: Michelin Tire Japan announced a price increase for its tires in the Japanese market, effective February 1, 2024. The prices of Michelin, BF Goodrich, and Camso brand tires would be increased by 6-10%, depending on the product. This hike was applicable to commercial tires for passenger cars, light trucks, and motorcycles in Japan.

Regional Analysis

The Japanese tire market is a diverse landscape that can be effectively segmented into various regions, each characterized by its unique dynamics and influences on the industry. One of the pivotal regions is the Kanto Region, where Tokyo serves as the epicenter of Japan’s automobile industry, hosting numerous major manufacturers. The concentration of automotive OEMs in this region generates substantial demand for tires, emphasizing the importance of innovation and product quality. Meanwhile, the Chubu Region, known for its manufacturing prowess, houses key automotive and tire production facilities, making it a critical hub for both manufacturing and technological advancements in the tire industry. The Kansai Region, particularly around Osaka, is another significant area contributing to the tire industry, boasting a blend of manufacturing facilities and a strong consumer base for automotive products. Additionally, the Hokkaido and Tohoku regions, although less industrialized, present their own unique demands due to their colder climates, fueling the market for winter tires. Lastly, the Kyushu and Okinawa regions play a role in the tire market through smaller-scale manufacturing units and a growing automotive market.

Each of these regions presents a distinctive set of challenges and opportunities for the tire industry. Urban areas like Kanto grapple with issues such as space constraints and stringent environmental regulations, which necessitate innovations in eco-friendly tire solutions. Conversely, regions characterized by harsher climates, like Hokkaido and Tohoku, experience heightened demand for specialized tires, including winter and all-terrain variants. Thus, understanding the regional dynamics within the Japanese tire market is crucial for manufacturers and businesses to tailor their strategies effectively and cater to the specific needs and preferences of each region’s consumers and industries.

Segmentations :

  • By Vehicle Type
    • Truck and Bus Tyres
    • Special Vehicle Tyres
    • Passenger Car Tyres
    • Light Truck Tyres
    • Motorcycle Tyres
  • By OEM and Replacement Segment
    • OEM Tyres
      • Passenger Car Tyres
      • Motorcycle Tyres
      • Light Truck Tyres
      • Truck and Bus Tyres
      • Special Vehicle Tyres
    • Replacement Tyres
      • Light Truck Tyres
      • Truck and Bus Tyres
      • Special Vehicle Tyres
      • Passenger Car Tyres
      • Motorcycle Tyres
  • Imports and Exports
    • Imports
    • Exports
  • By Radial and Bias Tyres
    • Radial Tyres
    • Bias Tyres
  • By Tube and Tubeless Tyres
    • Tube Tyres
    • Tubeless Tyres

Future Outlook

The future of Japan’s tire market is expected to be shaped by several trends and developments:

  1. Increased Focus on Sustainability: There will be a growing emphasis on eco-friendly tires and sustainable manufacturing practices.
  2. Advancements in Smart Tire Technologies: Development of tires with integrated sensors and IoT capabilities for real-time monitoring and maintenance.
  3. Expansion into Emerging Markets: Japanese tire manufacturers will likely increase their focus on expanding into growing markets in Asia, Africa, and Latin America.
  4. Enhanced Collaboration with Automobile Manufacturers: Stronger partnerships for developing tires optimized for new vehicle models and types, including EVs.
  5. Investment in Research and Development: Continued investment in R&D for developing advanced tire materials and designs.
  6. Adapting to Changing Consumer Preferences: Addressing the evolving needs and preferences of consumers, such as the demand for longer-lasting and more efficient tires.
  7. Responding to Global Economic Trends: Navigating global economic fluctuations and their impact on raw material costs and supply chains.
  8. Regulatory Compliance: Adhering to evolving regulatory standards, both domestically and internationally, particularly in terms of environmental impact.
  9. Technological Integration in Manufacturing: Further incorporation of advanced technologies like AI and robotics in tire manufacturing processes.
  10. Marketing and Branding Initiatives: Enhancing brand visibility and market penetration through strategic marketing and branding efforts.

Report Coverage

This report provides a comprehensive analysis of the Japan tire market, covering key aspects such as market size, segmentation, competitive landscape, and growth prospects. It offers insights into market drivers, restraints, opportunities, and trends shaping the industry. The report also includes an in-depth regional analysis, highlighting the unique characteristics and dynamics of different regions within Japan. Additionally, the report profiles major players in the market, examining their strategies, product offerings, and market positioning. The future outlook section provides a forward-looking perspective, identifying potential developments and trends that may influence the market in the coming years. This report is a valuable resource for stakeholders, investors, industry participants, and anyone interested in understanding the intricacies of Japan’s tire market.

Table of Content

Chapter No. 1 :……….. Introduction.. 14

1.1.       Report Description. 14

Purpose of the Report. 14

USP & Key Offerings. 14

1.2.       Key Benefits for Stakeholders. 14

1.3.       Target Audience. 15

1.4.       Report Scope   15

Chapter No. 2 :……….. Executive Summary. 16

2.1.       Tire Market Snapshot. 16

2.2.       Japan Tire Market, Volume (Units) & Revenue (USD Million) 2018 – 2032. 18

2.3.       Insights from Primary Respondents. 19

Chapter No. 3 :……….. Geopolitical Crisis Impact Analysis. 20

3.1.       Russia-Ukraine and Israel-Palestine War Impacts. 20

Chapter No. 4 :……….. Tire Market – Industry Analysis. 21

4.1.       Introduction   21

4.2.       Market Drivers  22

4.3.       Driving Factor 1 Analysis. 22

4.4.       Driving Factor 2 Analysis. 23

4.5.       Market Restraints. 24

4.6.       Restraining Factor Analysis. 24

4.7.       Market Opportunities. 25

4.8.       Market Opportunity Analysis. 25

4.9.       Porter’s Five Forces Analysis. 26

4.10.    Value Chain Analysis. 27

4.11.    Buying Criteria  28

Chapter No. 5 :……….. Price Analysis. 29

5.1.       Price Analysis by Vehicle Type. 29

5.1.1.   Japan Tire Market Price, By Vehicle Type, 2018 – 2023. 29

Chapter No. 6 :……….. Manufacturing Cost Analysis. 30

6.1.       Manufacturing Cost Analysis. 30

6.2.       Manufacturing Process. 30

Chapter No. 7 :……….. Analysis Competitive Landscape. 31

7.1.       Company Market Share Analysis – 2023. 31

7.1.1.   Japan Tire Market: Company Market Share, by Revenue, 2023. 31

7.1.2.   Japan Tire Market: Company Market Share, by Revenue, 2023. 32

7.1.3.   Japan Tire Market: Top 6 Company Market Share, by Revenue, 2023. 32

7.1.4.   Japan Tire Market: Top 3 Company Market Share, by Revenue, 2023. 33

7.2.       Japan Tire Market Company Volume Market Share, 2023. 34

7.3.       Japan Tire Market Company Revenue Market Share, 2023. 35

7.4.       Company Assessment Metrics, 2023. 36

7.4.1.   Stars  36

7.4.2.   Emerging Leaders. 36

7.4.3.   Pervasive Players. 36

7.4.4.   Participants  36

7.5.       Start-ups /SMEs Assessment Metrics, 2023. 36

7.5.1.   Progressive Companies. 36

7.5.2.   Responsive Companies. 36

7.5.3.   Dynamic Companies. 36

7.5.4.   Starting Blocks  36

7.6.       Strategic Developments. 37

7.6.1.   Acquisitions & Mergers. 37

New Product Launch. 37

Regional Expansion. 37

7.7.       Key Players Product Matrix. 38

Chapter No. 8 :……….. PESTEL & Adjacent Market Analysis. 39

8.1.       PESTEL  39

8.1.1.   Political Factors. 39

8.1.2.   Economic Factors. 39

8.1.3.   Social Factors  39

8.1.4.   Technological Factors. 39

8.1.5.   Environmental Factors. 39

8.1.6.   Legal Factors  39

8.2.       Adjacent Market Analysis. 39

Chapter No. 9 :……….. Tire Market – By Vehicle Type Segment Analysis. 40

9.1.       Tire Market Overview, by Vehicle Type Segment. 40

9.1.1.   Tire Market Revenue Share, By Vehicle Type, 2023 & 2032. 41

9.1.2.   Tire Market Attractiveness Analysis, By Vehicle Type. 42

9.1.3.   Incremental Revenue Growth Opportunity, by Vehicle Type, 2024 – 2032. 42

9.1.4.   Tire Market Revenue, By Vehicle Type, 2018, 2023, 2027 & 2032. 43

9.2.       Truck and Bus Tyres. 44

9.3.       Special Vehicle Tyres. 45

9.4.       Passenger Car Tyres. 45

9.5.       Light Truck Tyres. 46

9.6.       Motorcycle Tyres. 46

Chapter No. 10 :……… Tire Market – By OEM and Replacement  Segment Analysis. 47

10.1.    Tire Market Overview, by OEM and Replacement  Segment. 47

10.1.1. Tire Market Revenue Share, By OEM and Replacement , 2023 & 2032. 48

10.1.2. Tire Market Attractiveness Analysis, By OEM and Replacement. 49

10.1.3. Incremental Revenue Growth Opportunity, by OEM and Replacement , 2024 – 2032. 49

10.1.4. Tire Market Revenue, By OEM and Replacement , 2018, 2023, 2027 & 2032. 50

10.2.    OEM Tyres  51

10.3.    Replacement Tyres. 52

10.4.    Imports and Exports. 53

Chapter No. 11 :……… Tire Market – By Radial and Bias Tyres Segment Analysis. 54

11.1.    Tire Market Overview, by Radial and Bias Tyres Segment. 54

11.1.1. Tire Market Revenue Share, By Radial and Bias Tyres, 2023 & 2032. 55

11.1.2. Tire Market Attractiveness Analysis, By Radial and Bias Tyres. 56

11.1.3. Incremental Revenue Growth Opportunity, by Radial and Bias Tyres, 2024 – 2032. 56

11.1.4. Tire Market Revenue, By Radial and Bias Tyres, 2018, 2023, 2027 & 2032. 57

11.2.    Radial Tyres  58

11.3.    Bias Tyres  59

Chapter No. 12 :……… Tire Market – By Tube and Tubeless Tyres Segment Analysis. 60

12.1.    Tire Market Overview, by Tube and Tubeless Tyres Segment. 60

12.1.1. Tire Market Revenue Share, By Tube and Tubeless Tyres, 2023 & 2032. 61

12.1.2. Tire Market Attractiveness Analysis, By Tube and Tubeless Tyres. 62

12.1.3. Incremental Revenue Growth Opportunity, by Tube and Tubeless Tyres, 2024 – 2032. 62

12.1.4. Tire Market Revenue, By Tube and Tubeless Tyres, 2018, 2023, 2027 & 2032. 63

12.2.    Tube Tyres  64

12.3.    Tubeless Tyres  65

Chapter No. 13 :……… Company Profiles. 66

13.1.    Bridgestone Corporation. 66

13.1.1. Company Overview.. 66

13.1.2. Product Portfolio. 66

13.1.3. Swot Analysis  66

13.1.4. Business Strategy. 67

13.1.5. Financial Overview.. 67

13.2.    Yokohama Rubber Company. 68

13.3.    Sumitomo Rubber Industries. 68

13.4.    Toyo Tire Corporation. 68

13.5.    Nitto Tire   68

13.6.    Dunlop Tires  68

13.7.    Michelin   68

13.8.    Goodyear  68

13.9.    Continental AG   68

13.10.  Pirelli 68

Chapter No. 14 :……… Research Methodology. 69

14.1.    Research Methodology. 69

14.2.    Phase I – Secondary Research. 70

14.3.    Phase II – Data Modeling. 70

Company Share Analysis Model 71

Revenue Based Modeling. 71

14.4.    Phase III – Primary Research. 72

14.5.    Research Limitations. 73

Assumptions. 73

 

 

List of Figures

FIG NO. 1……….. Japan Tire Market, Volume (Units) & Revenue (USD Million) 2018 – 2032. 19

FIG NO. 2……….. Porter’s Five Forces Analysis for Japan Tire Market 27

FIG NO. 3……….. Value Chain Analysis for Japan Tire Market 28

FIG NO. 4……….. Japan Tire Market Price, By Vehicle Type, 2018 – 2023. 30

FIG NO. 5……….. Manufacturing Cost Analysis. 31

FIG NO. 6……….. Manufacturing Process. 31

FIG NO. 7……….. Company Share Analysis, 2023. 32

FIG NO. 8……….. Company Share Analysis, 2023. 33

FIG NO. 9……….. Company Share Analysis, 2023. 33

FIG NO. 10……… Company Share Analysis, 2023. 34

FIG NO. 11……… Tire Market – Company Volume Market Share, 2023. 35

FIG NO. 12……… Tire Market – Company Revenue Market Share, 2023. 36

FIG NO. 13……… Tire Market Revenue Share, By Vehicle Type, 2023 & 2032. 42

FIG NO. 14……… Market Attractiveness Analysis, By Vehicle Type. 43

FIG NO. 15……… Incremental Revenue Growth Opportunity by Vehicle Type, 2024 – 2032. 43

FIG NO. 16……… Tire Market Revenue, By Vehicle Type, 2018, 2023, 2027 & 2032. 44

FIG NO. 17……… Japan Tire Market for Truck and Bus Tyres, Volume (Units) & Revenue (USD Million) 2018 – 2032  45

FIG NO. 18……… Japan Tire Market for Special Vehicle Tyres, Volume (Units) & Revenue (USD Million) 2018 – 2032  46

FIG NO. 19……… Japan Tire Market for Passenger Car Tyres, Volume (Units) & Revenue (USD Million) 2018 – 2032  46

FIG NO. 20……… Japan Tire Market for Light Truck Tyres, Volume (Units) & Revenue (USD Million) 2018 – 2032. 47

FIG NO. 21……… Japan Tire Market for Motorcycle Tyres, Volume (Units) & Revenue (USD Million) 2018 – 2032. 47

FIG NO. 22……… Tire Market Revenue Share, By OEM and Replacement , 2023 & 2032. 49

FIG NO. 23……… Market Attractiveness Analysis, By OEM and Replacement 50

FIG NO. 24……… Incremental Revenue Growth Opportunity by OEM and Replacement , 2024 – 2032. 50

FIG NO. 25……… Tire Market Revenue, By OEM and Replacement , 2018, 2023, 2027 & 2032. 51

FIG NO. 26……… Japan Tire Market for OEM Tyres  , Volume (Units) & Revenue (USD Million) 2018 – 2032. 52

FIG NO. 27……… Japan Tire Market for Replacement Tyres, Volume (Units) & Revenue (USD Million) 2018 – 2032  53

FIG NO. 28……… Japan Tire Market for Imports and Exports , Volume (Units) & Revenue (USD Million) 2018 – 2032  54

FIG NO. 29……… Tire Market Revenue Share, By Radial and Bias Tyres, 2023 & 2032. 56

FIG NO. 30……… Market Attractiveness Analysis, By Radial and Bias Tyres. 57

FIG NO. 31……… Incremental Revenue Growth Opportunity by Radial and Bias Tyres, 2024 – 2032. 57

FIG NO. 32……… Tire Market Revenue, By Radial and Bias Tyres, 2018, 2023, 2027 & 2032. 58

FIG NO. 33……… Japan Tire Market for Radial Tyres, Volume (Units) & Revenue (USD Million) 2018 – 2032. 59

FIG NO. 34……… Japan Tire Market for Bias Tyres, Volume (Units) & Revenue (USD Million) 2018 – 2032. 60

FIG NO. 35……… Tire Market Revenue Share, By Tube and Tubeless Tyres, 2023 & 2032. 62

FIG NO. 36……… Market Attractiveness Analysis, By Tube and Tubeless Tyres. 63

FIG NO. 37……… Incremental Revenue Growth Opportunity by Tube and Tubeless Tyres, 2024 – 2032. 63

FIG NO. 38……… Tire Market Revenue, By Tube and Tubeless Tyres, 2018, 2023, 2027 & 2032. 64

FIG NO. 39……… Japan Tire Market for additional supplements, Volume (Units) & Revenue (USD Million) 2018 – 2032  65

FIG NO. 40……… Japan Tire Market for Tubeless Tyres, Volume (Units) & Revenue (USD Million) 2018 – 2032. 66

FIG NO. 41……… Research Methodology – Detailed View.. 70

FIG NO. 42……… Research Methodology. 71

 

 

List of Tables

TABLE NO. 1. :…. Japan Tire Market: Snapshot 17

TABLE NO. 2. :…. Drivers for the Tire Market: Impact Analysis. 23

TABLE NO. 3. :…. Restraints for the Tire Market: Impact Analysis. 25

Frequently Asked Questions:-

What is the expected growth rate of the Japanese tire market and its key drivers?

The Japanese tire market is expected to grow from USD 11.46 billion in 2023 to USD 16.6 billion by 2032, with a 4.2% CAGR. This growth is fueled by tire industry innovation, including eco-friendly and high-traction tire technologies, and Japan’s reputation for high-quality tire manufacturing.

How does technological innovation impact the Japanese tire market?

Technological innovation drives the Japanese tire market. Japanese manufacturers invest heavily in R&D, resulting in advanced tire tech like run-flat tires, eco-friendly options, and EV-optimized tires. Rigorous testing and quality control processes ensure safety and performance, enhancing the global reputation of Japanese tires.

What role does the Japanese automotive industry play in the tire market’s growth?

Japan’s strong automotive industry, featuring major players like Toyota, Honda, and Nissan, generates significant tire demand. Collaborations between automakers and tire manufacturers lead to customized solutions, fostering innovation. The rise of electric vehicles also spurs specialized tire development.

What are some notable tire innovations from Japan?

Japan’s commitment to innovation has yielded run-flat tires, eco-friendly variants, and EV-optimized tires. These innovations meet consumer demands and solidify Japan’s leadership in tire manufacturing and technology.

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