Taiwan Tire Market to Grow with a CAGR of 5.97% through 2030
Rising vehicle ownership, increasing demand for
replacement tires, and growing focus on premium tire segments are the factors
driving the market in the forecast period 2026-2030.
According to TechSci Research report, “Taiwan Tire
Market – Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F”,
The Taiwan Tire Market was valued at USD 1.73 Billion in 2024 and is expected
to reach USD 2.45 Billion by 2030 with a CAGR of 5.97% during the forecast
period.
The Taiwan tire market is navigating a complex phase shaped
by shifting consumer preferences, evolving mobility trends, and industry
adaptation to new technologies. The surge in multi-vehicle ownership, with
individuals increasingly registering both motorcycles and passenger cars, has
directly impacted tire replacement cycles and boosted aftermarket demand.
Taiwan's growing urban commuting culture, coupled with lifestyle shifts toward
personalized mobility, is fueling steady demand for two-wheeler and passenger
car tires. The market is also seeing a push from heightened focus on vehicle
safety standards, prompting consumers to prioritize tire quality and
reliability.
Another key factor shaping the market is the rising
influence of digital retail platforms, making tire purchases more accessible
and transparent. Online marketplaces and service integrations are enabling
consumers to compare prices, check availability, and book installation services
with ease, driving competition in both urban and semi-urban areas. Meanwhile,
regulatory emphasis on road safety inspections and vehicle maintenance
compliance is ensuring a steady replacement cycle for worn-out tires.
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Taiwan Tire Market Is Segmented by Vehicle Type, Tire
Construction Type, Demand Category, and Region.
In
2024, the replacement tire segment experienced the fastest growth in Taiwan,
outpacing the OEM side due to a surging focus on vehicle upkeep and extended
usage. As more vehicle owners retained cars and motorcycles beyond their
warranty periods, replacement cycles accelerated, prompting increased tire
purchases. Heightened awareness of safety and performance standards spurred
regular tire inspection and replacement behavior. Expansion of aftermarket
service providers, including mobile fitment services and tire retailers, made
replacements more convenient and accessible, reinforcing this growth trend.
Increasing preference for all-season and performance tires in the aftermarket
further supported segment expansion, as users sought tailored tire solutions suited
to diverse driving conditions. The rising complexity and cost of modern
vehicles encouraged owners to invest in quality replacement options to preserve
performance and safety, contributing significantly to segment growth.
Among regional markets outside the dominant north, the
middle region recorded the fastest expansion in replacement demand during 2024.
Industrial growth and bustling logistics zones in this central area led to
increased commercial vehicle usage, resulting in more frequent tire
replacements for trucks and delivery fleets. Passenger vehicle owners,
responding to longer commute patterns and seasonal driving, also contributed to
aftermarket growth. Well-established service networks in towns and cities across
central Taiwan improved access to replacement options and swift turnaround.
This central-region surge underscores the replacement segment’s resilience and
growth potential across differing mobility landscapes.
Major Market Players Operating in Taiwan Tire Market Are:
- Bridgestone
Corporation
- Michelin
Group
- The
Goodyear Tires & Rubber Company
- Continental
AG
- Pirelli
& C. S.p.A.
- Yokohama
Rubber Company, Limited
- Hankook
Tires & Technology Co., Ltd.
- Kumho
Tire Co., Inc.
- Sumitomo
Rubber Industries, Ltd.
- Toyo
Tire Corporation
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“The demand for all-season and versatile tires is gaining traction as consumers seek convenient solutions that perform well across varying weather conditions. These tires are designed to offer a balanced performance in dry, wet, and light winter conditions, eliminating the need for seasonal tire changes. The growing popularity of all-season tires is fueled by consumer preference for hassle-free maintenance and cost efficiency. Manufacturers are focusing on developing advanced tread patterns and rubber compounds that enhance multi-condition performance without compromising safety or durability. The rise in demand is evident among both passenger vehicle owners and commercial fleets seeking operational simplicity. All-season tires cater to drivers looking for reliable performance year-round, especially in markets where climate variability is moderate. The innovation in tread design, coupled with advancements in material science, has enabled these tires to achieve performance levels closer to specialized summer or winter tires”, said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based global management
consulting firm.
“Taiwan Tire Market By Vehicle Type (Passenger Car, Commercial Vehicle, Two-Wheelers), By Tire Construction Type (Radial, Bias), By Demand Category (OEM, Replacement), By Region, Competition, Opportunities and Forecast, 2020-2030F”, assesses the
market's future growth potential and provides data on market size, trends, and
forecasts. It aims to offer comprehensive market insights, helping
decision-makers make informed investment choices. The report also highlights
emerging trends, key drivers, challenges, and opportunities in the Taiwan Tire
Market.
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