Asia-Pacific Tire Market Size, Growth Analysis Report, Forecast to 2027

The Asia-Pacific tire market is projected to witness a CAGR of 3.5% during the forecast period (2020-2026). Expected growth in the automotive market of the emerging economies such as China, India, South Korea, and ASEAN countries during the forecast period is a major factor for the growth of the market. Moreover, increasing per capita income and rising demand for high-performance tires are also increasing in the region. Demand from agricultural, and other special categories such as off-road, go-kart is expected, which is expected to provide significant growth to the market. 

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The Asia-Pacific tire market is segmented based on vehicle type, road application, construction, tire type, and sales channel. By vehicle type, the market is further segmented into passenger cars, light & medium commercial vehicles, heavy commercial vehicles, two-wheeler, and other. During the forecast period, passenger cars and two-wheelers are expected to maintain a major market share in the country (in terms of volume). The market is further studied based on geography and is segmented into China, Japan, India, and the Rest of Asia Pacific. China will hold the largest market share during the forecast period. 

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Some of the key players of the Asia-Pacific tire market include Apollo Tires Ltd., Bridgestone Corp., Giti Tire Pte Ltd., MRF Ltd., Sumitomo Rubber Industries Ltd., The Yokohama Rubber Co, Ltd., and Toyo Tire Corp., among others. The market players are significantly contributing to the market growth by adopting various strategies including mergers, & acquisitions, collaborations, new product launch, and geographical expansion, to stay competitive in the market. 

The market study of the Asia-Pacific tire market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research.

Asia-Pacific Tire Market - Segmentation

Asia-Pacific Automotive Tire Market by Vehicle Type

• Passenger Cars 
• Light &Medium Commercial Vehicle 
• Heavy Commercial Vehicle 
• Two-Wheeler
• Other (Construction, Agricultural, Customized Sports)

Asia-Pacific Automotive Tire Market by Road Application 

• All-Season Tire
• Summer Tire
• Winter Tire
• Other (All-Terrain Tire)

Asia-Pacific Automotive Tire Market by Construction

• Radial Tire
• Bias Ply Tire

Asia-Pacific Automotive Tire Market by Tire Type

• Tubeless Tire 
• Tubbed Tire 

Asia-Pacific Automotive Tire Market by Sales Channel 

• OEM (Original Equipment Manufacturer)
• Aftermarket (Replacement)

Asia-Pacific Tire Market  – Segment by Region 

North America           

• United States 
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific    

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East and Africa

Company Profiles

• Apollo Tires Ltd.

• Overview
• Apollo Tires Ltd. in ASEAN
• Apollo Tires Ltd. in Tires Landscape
• Recent Developments

• Bridgestone Corp.
• Ceat Ltd.
• Cheng Shin Rubber Ind. Co. Ltd.
• Continental AG
• Gajah Tunggal Tbk
• Giti Tire Pte Ltd.
• Goodyear Tire and Rubber Co.
• Hankook Tire Co. Ltd.
• Michelin Group
• Omni United (S) Pte. Ltd.
• Pirelli & C. S.p.A.
• Pt. IndustriKaret Deli
• PT. Suryaraya Rubberindo Industries
• Sumitomo Rubber Industries Ltd.
• The Yokohama Rubber Co, Ltd.
• Toyo Tire Corp.

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