The Japan tire market is anticipated to grow with a modest CAGR of 2.3% during the forecast period (2020-2026). Passenger cars hold the largest market share in the Japanese tire industry. Around 146.5 million tiers were produced in 2019 in Japan, out of this, around 2/3 were of passenger cars. Nearly, 109 million passenger car tires were manufactured in Japan in 2019. It is followed by light trucks and truck & bus tiers respectively.

Replacement tiers sales in the country were around 72.5 million whereas OEM sales were 45.5 million in 2019. Sales of summer tiers were double of winter tiers. In 2019, around 23.8 million winter tiers were sold whereas the sales of summer tiers were 46.7 million in the same year (for replacement four-wheeled category only).

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Expected growth in the global automotive market and increasing demand for high-performance tiers are among the major factor for the growth of the market as it will increase the export opportunity for the companies in the country. The country is the home to some of the global renowned tire manufacturers including Bridgestone Corp., Sumitomo Rubber Industries Ltd., The Yokohama Rubber Co, Ltd., Toyo Tire Corp. among others. These countries have a major market share in the country’s tire industry as well as exports domestic make tires all across the globe.

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Market Coverage

• The market number available for – 2019-2026
• Base year- 2019
• Forecast period- 2020-2026
• Segment Covered-
o Vehicle Type
o Road Application
o Construction
o Tire Type
o Sales Channel
• Countries Covered-
o Japan
• Competitive Landscape- Bridgestone Corp., Sumitomo Rubber Industries, Ltd., The Yokohama Rubber Co., Ltd., Toyo Tire Corp., Goodyear Tire and Rubber Co.

Key Questions Addressed by the Report

• What is the market growth rate?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Japan Tire Market Report Segment

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

By Road Application

• All-Season Tire
• Summer Tire
• Winter Tire
• Other

By Construction

• Radial Tire
• Bias Ply Tire

By Tire Type

• Tubeless Tire
• Tubbed Tire

By Sales Channel

• OEM
• Aftermarket

Company Profiles

• Bridgestone Corp.
• Continental AG
• Goodyear Tire and Rubber Co.
• Hankook Tire Co. Ltd.
• Michelin Group
• Pirelli & C. S.p.A.
• Sumitomo Rubber Industries Ltd.
• The Yokohama Rubber Co, Ltd.
• Toyo Tire Corp.

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