Japan Tire Market

Japan Tire Market Thrives, Anticipates 1.8% CAGR Growth by 2030

Market Overview: Japan Tire Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Japan Tire Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Japan Tire Market Insights 2024-30

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.

Access the Comprehensive PDF Sample Here – ​​​​ https://www.marknteladvisors.com/query/request-sample/japan-tire-market.html

Top Players in the Japan Tire Market:

  • 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

Segmentation Analysis of Japan Tire Market

Japan Tire Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Demand Type

  • OEM
  • Replacement

Of both, the demand for replacement tires has witnessed a significant surge during the historical period. In 2022, the sales volume of replacement tires for four-wheeled vehicles reached 67.53 million units, marking a notable rise of 7.4% compared to 2021, cites JATMA (Japan Automobile Tyre Manufacturers Association). It ascribed to the massive aging vehicle fleet in the country entwined with a vast import network for tires from countries like Thailand, Indonesia, & Malaysia, among others.

Besides, rising awareness among people about the need for timely inspection of tire conditions & providing replacement to them shall further boost the market for replacement demand. Moreover, stringent government regulations to reduce the number of road accidents are instigating vehicle owners to purchase replacement tires and enhance the safety of the vehicle & passengers. Hence, the burgeoning replacement demand would significantly accelerate the growth of the japan tire market over the forecast years.

Read Full Report -  https://www.marknteladvisors.com/research-library/japan-tire-market.html

-By Vehicle Type

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

-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

A Comprehensive Geographical Analysis:

-By Region

  • Hokkaido
  • Tohoku
  • Kanto
  • Chubu
  • Others

Request Customization – https://www.marknteladvisors.com/query/request-customization/japan-tire-market.html

Why Choose Us?

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 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.

Being one of the most efficient market research companies in India, our specialized team of experienced & efficient market research professionals is capable of grasping every minute and valuable information & data of the market to offer our clients with satisfactory details. Our company has served the biggest market research firms in India at leading positions and is proficient in managing all types of market research projects.

More Reports:

About Us

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

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 11.8 diverse industrial verticals.

Media Representative 

Company Name: MarkNtel Advisors 

Email:sales@marknteladvisors.com 

Phone: +1 628 895 8081, +91 120 4278433

Leave a Reply

Your email address will not be published. Required fields are marked *