Japan Tire Market Accelerates: Registers 119.32 Million Unit Sales in 2022, Eyes 1.8% CAGR Growth 2023-2028

Japan Tire Market Report Overview

Markntel Advisors –Market Resarch Company latest Japan Tire Market report By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium & High Commercial Vehicles, Two Wheelers, Off the Road), By Demand Type (OEM, Replacement), By Type of Tire (Radial, Bias), and region [2023-28] has undertaken a thorough examination of the Japan Tire Market size, share, growth, demand, top companies and industry value by 2028. This market research analysis proves valuable for individuals making data-driven decisions, including business owners and analysts. Whether your goal is to venture into new markets, launch a new product, or stay ahead of competitors, our research report on the Japan Tire Market provides well-researched facts and figures pertaining to the industry.

Japan Tire Market Value Assessment

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., 2023-28. For several years, Japan has been an automotive hub and held its position as the fourth-largest automotive market worldwide in 2022. Such dominance is predominantly characterized by the extensive presence of renowned automakers like Toyota, Honda, & Nissan, which ensures a steady production & sales of vehicles and, consequently, high-quality tires to match the industry standards.

“Note – “In case you missed it, we are currently revising our reports. Click on the “Request Sample Report” button to get the latest research data with forecast for years 2024 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.”

Japan Tire Industry Recent Developments:

• In April 2023, Bridgestone transitioned all the electricity purchased to renewable energy sources at six tire and raw materials plants in Japan.
• In January 2023, The Yokohama Rubber Co., Ltd. announced the commencement of operations at their state-of-the-art indoor ice circle test facility within the Tire Test Center of Hokkaido (TTCH). The primary focus is to conduct rigorous tests on winter tires’ turning capabilities on icy surfaces. It is Japan’s most extensive indoor facility designed explicitly for evaluating tire turning performance on ice.

Japan Tire Market Reach:

On Geographical Scale, the Market Expand Across the:  

• Hokkaido
• Tohoku
• Kanto
• Chubu
• Others

Prominent Segments in the Japan Tire Market

The Japan Tire Market displays a notable combination of robustness and fragmentation, featuring various segments each further subdivided into various sub-segments. Recognizing the significance of market segmentation is crucial for businesses aiming to tailor their strategies, products, and services to align with the specific needs and demands of their target customers. A thorough analysis of market segments and their associated sub-segments empowers businesses to pinpoint new growth opportunities, predict market trends, and devise impactful marketing and sales strategies.

The Japan Tire Market is segmented as follows:

 By Vehicle Type

1. Passenger Cars
   1. SUV
   2. Sedan
   3. Hatchback & Bakkies
2. Light Commercial Vehicles (LCV)
   1. Light Trucks
   2. Light Buses
   3. Pickup trucks & Vans
3. Medium & High Commercial Vehicles
   1. Bus
   2. Truck
4. Two Wheelers
   1. Moped
   2. Scooters
   3. Motorcycles
5. Off the Road (OTR)
   1. Earthmoving Equipment
   2. Material Handling Equipment
   3. Industrial & Mining Equipment

By Demand Type

6. OEM
7. Replacement

By Type of Tire

8. Radial
9. Bias

By Season

10. All Season
11. Summer

By Sales Channel

12. Online
13. Dealers/ Exclusive Outlets
14. Others

By Rim Size

15. Upto 12
16. 1” to 15”
17. 1.” to 18”
18. 1” to 20”
19. 1” to 22.5”
20. 6” to 26”
21. 1” to 35”
22. 1” to 47”
23. Above 47”

By Price Category

24. Low
25. Medium
26. High

Access Full Insight of Study [Include Description + TOC], – https://www.marknteladvisors.com/research-library/japan-tire-market.html

Leading Japan Tire Companies and Their Geographical Dominance

The report delves into key market players and thoroughly examines their strategic approaches, trends, innovations, and manufacturing infrastructure to project their anticipated market presence over the next five years. The researched data has the capability to differentiate even novice entrants in the long term. Armed with pertinent data and actionable insights, our research report presents a comprehensive landscape of the market, empowering investors and stakeholders to establish a robust position in the Japan Tire market. Highlighted in the research report are major players, including:

> 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

accompanied by their respective net worth and valuation in USD.

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Key Questions Answered in this Japan Tire Market Analysis Report

• What is the current size of the Japan Tire Market, and what factors contribute to its growth or contraction?
• How does the Japan Tire Market share compare among key players, and what strategies are they employing to gain a competitive advantage?
• What latest trends are emerging in the Japan Tire Market, and how are these trends expected to evolve in the foreseeable future?
• What is the demand outlook for the Japan Tire Market, and how is it influenced by industry-specific factors and broader economic trends?
• What opportunities exist in the Japan Tire Market for investors, and what are the latest investment trends and preferences in this sector?

Other Reports

• https://plaza.rakuten.co.jp/marketpulse/diary/202402020001/
• https://plaza.rakuten.co.jp/marketpulse/diary/202402020000/
• https://plaza.rakuten.co.jp/marketpulse/diary/202402010001/
• https://plaza.rakuten.co.jp/marketpulse/diary/202402010000/
• https://plaza.rakuten.co.jp/marketpulse/diary/202401310001/

Who We Are –

We are 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 15 diverse industrial verticals.

Contact Us –

Call 📞 +1 628 895 8081 +91 120 4278433

Email: 📧 sales@marknteladvisors.com