Japan Tire Market Research Report: Market valued at 119.32 million units in 2022, With a CAGR of 1.8% - MarkNtel Advisors



Japan Tire Market Insights Report Overview

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 stakeholders will gain in-depth knowledge about the market dynamics and competitive landscape from past, present, and future perspectives, enabling them to use this information to guide their use of money and resources.

The readers of the study can better understand various consumer types, purchasing intentions, their wants and preferences, viewpoints on the product/service, how they react to a specific product that is currently on the market, and much more with the accurate and current information provided in this research report. The study also provides a thorough analysis of the measures that important stakeholders might do to lessen and avoid different economic repercussions.

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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.

Japan Tire Market Analysis:

This analysis provides a thorough examination of the Japan Tire Market industry, covering all key aspects. It delves into the broader market environment (macro-overview) while also offering detailed insights into industry performance (micro-level). Key elements explored include current trends, major drivers and challenges impacting the market, a breakdown of the value chain, a SWOT analysis of the industry's strengths, weaknesses, opportunities, and threats, and an analysis of Porter's five forces that influence competition within the market.

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Geographical Level Analysis:

The geographic assessment of the report offers a thorough study of numerous phenomena that are particularly pervasive in significant geographical pockets. By concentrating on key areas that have the potential to draw a larger consumer base, this study assists important stakeholders in making educated investment decisions. Stakeholders may strategically deploy their resources and target their efforts for maximum effect and customer engagement by recognizing the unique trends and dynamics within each region/ country.

By Region

  • Hokkaido
  • Tohoku
  • Kanto
  • Chubu
  • Others

Competitive Landscape:

Key market players are currently actively putting strategic measures into place to strengthen and develop their positions in this competitive industry. Additionally, businesses are enlarging their markets and looking for chances abroad. The competition landscape in the industry has been in-depth analyzed in the market research report. Additionally, extensive profiles of all big corporations are covered in the report. The study looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. Some of the key players in the market are the ones listed below:

  • 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
  • Others

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Japan Tire Market Segmentation Analysis:

In any market, market segmentation study is essential to corporate success. Businesses may successfully focus their efforts, reduce risks, and beat rivals by knowing and classifying various market groups. In order to succeed in a market environment that is constantly changing and competitive, businesses must incorporate market segmentation analysis into their business planning. Various segments are studied in this market report, data & figures of which are presented in a comprehensive manner. Segments includes:

By Vehicle Type

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

By Demand Type

  • OEM - Market Size & Forecast 2019-2030, (Thousand Units)
  • Replacement - Market Size & Forecast 2019-2030, (Thousand Units)

By Tire Type

  • Radial- Market Size & Forecast 2019-2030, (Thousand Units)
  • Bias - Market Size & Forecast 2019-2030, (Thousand Units)

By Season

  • Summer Tires- Market Size & Forecast 2019-2030, (Thousand Units)
  • All Season Tires- Market Size & Forecast 2019-2030, (Thousand Units)

By Sales Channel

  • Direct Sales- Market Size & Forecast 2019-2030, (Thousand Units)
  • Dealer Distributor - Market Size & Forecast 2019-2030, (Thousand Units)
  • Online Platform- Market Size & Forecast 2019-2030, (Thousand Units)

By Rim Size

  • Up to 12” - Market Size & Forecast 2019-2030, (Thousand Units)
  • 1” to 15” - Market Size & Forecast 2019-2030, (Thousand Units)
  • 1” to 18” - Market Size & Forecast 2019-2030, (Thousand Units)
  • 18” to 22.5” - Market Size & Forecast 2019-2030, (Thousand Units)
  • 6” to 26” - Market Size & Forecast 2019-2030, (Thousand Units)
  • 1” to 35” - Market Size & Forecast 2019-2030, (Thousand Units)
  • 1” to 47” - Market Size & Forecast 2019-2030, (Thousand Units)
  • Above 47” - Market Size & Forecast 2019-2030, (Thousand Units)

By Price Category

  • Budget- Market Size & Forecast 2019-2030, (Thousand Units)
  • Economy- Market Size & Forecast 2019-2030, (Thousand Units)
  • Premium- Market Size & Forecast 2019-2030, (Thousand Units)

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