Press Release

Tire Market in New Zealand to Surpass $ 0.7 Billion by 2022

Growing automobile sales, replacement driven tire market and rising infrastructure developments to drive New Zealand tire market through 2022

According to TechSci Research report, New Zealand Tire Market By Vehicle Type, Competition Forecast & Opportunities, 2012 – 2022”, the market for tires in New Zealand is projected to cross $ 0.7 billion by 2022, on the back of surging disposable income coupled with high purchasing power of vehicle owners to afford premium tires and augmenting online tire sales. In addition, booming demand for SUVs and consistently expanding fleet size and growing industrialization are some of the other factors likely to augment demand for tires across the country over the next five years. The thirty year New Zealand Infrastructure Plan 2015, which is the country’s first long-term infrastructure development plan, aims at filling infrastructure gaps and meeting future infrastructure needs of the country as a result of rising population of the country, which stood at 4.6 million in 2016 and is estimated to reach 5.1 million by 2022. Various initiatives that are planned to be taken under the country’s long-term infrastructure plan are expected to positively impact the automotive industry as well as tire demand in New Zealand in the coming years.

Browse 11 market data Tables and 51 Figures spread through 122 Pages and an in-depth TOC on "New Zealand Tire Market"

In 2016, the passenger car tire segment garnered the largest share in the country’s tire market on the back of proliferating sales of passenger cars and high standard of living. The segment is expected to lead the market through 2022 with continuously rising demand for sedans and SUVs being witnessed in the country. The second largest share was captured by medium & heavy commercial vehicle tire segment, followed by light commercial vehicle, two-wheeler vehicle and OTR vehicle tire segments in the same year. Northern Island dominates the market owing to the presence of the capital city as well as the region being the hub of various commercial and cultural activities. The region is likely to command the market during the forecast period as well, however, the region’s share is anticipated to observe a decline on account of increasing share of Southern Island in the country’s tire market as a result of surging population, growing tourism and rising vehicle fleet size. Few of the prominent players operating in the market include Bridgestone, Goodyear & Dunlop, Michelin, Hankook and Continental.

Download Sample Report @

Customers can also request for 10% free customization on this report.

Increasing population, rising replacement tire demand and augmenting demand for vehicles in logistics sector are anticipated to push New Zealand tire market during 2017-2022. Moreover, rising preference for two-wheelers among the youth population of the country is expected to further fuel the market in the coming years. Besides that, favorable government policies and surging foreign investments in automotive sector are anticipated to positively impact the country’s tire market in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

New Zealand Tire Market By Vehicle Type, Competition Forecast & Opportunities, 2012 – 2022 has evaluated the future growth potential of New Zealand tire market and provides statistics and information on market structure, size, share and future growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities present in New Zealand tire market.

About TechSci Research

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.


Mr. Ken Mathews

708 Third Avenue,

Manhattan, NY,

New York – 10017


Tel: +1-646-360-1656


Email: [email protected]


Relevant Reports

Relevant News