Press Release

Australia Tire Market to Undergo 7.73% CAGR During The Forecast Period

Expanding vehicle fleet and increasing industrialization are some key factors which are likely to drive Australia tire market through 2025.

According to TechSci Research report, “Australia Tire Market By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Two-Wheelers & Off-the-Road Vehicles), By Radial vs. Bias, By Rim Size, By Region, Forecast & Opportunities, 2025”, tire market in Australia is forecast to grow at 7.73% CAGR by 2025 on account of expanding vehicle fleet,  and increasing infrastructure growth. The tire market in Australia is dependent on imports primarily from China, Thailand, Japan and other Asian countries. Moreover, growing sale of tires through the online medium, rising tire radialization and burgeoning demand for Tire Pressure Monitoring System (TPMS) are some of the other factors that would positively influence the tire market during the forecast period.

Additionally, rising number of registered motor vehicles in the country is also supporting the growth of Australia tire market. As automobile manufacturers are pulling out from Australia owing to high operational costs in the country, the tire market is expected to be majorly dependent on replacement tires. Furthermore, various major passenger car manufacturers such as Ford, Toyota and Holden shut down their vehicle production in the country in 2017, owing to high operational costs. This also contributed to the high demand for replacement tires in Australia.

Browse 10 market data Tables and 48 Figures spread through 114 Pages and an in-depth TOC on "Australia Tire Market"


Australia tire market is segmented based on vehicle type, demand category, radial vs bias, rim size and region. Based on vehicle type, the tire market can be segmented into passenger car, LCV (Light Commercial Vehicle), M&HCV (Medium & Heavy Commercial Vehicle), OTR (Off-The-Road Vehicles), two-wheeler and three -wheeler. The passenger car tire segment dominated Australia tire market in 2019 with 59.15% market share. The segment is further expected to continue its dominance during the forecast period and is projected to hold a market share of around 60.58% by 2025. This is due to the high demand for new passenger vehicles and increased replacement demand for the segment.

Leading market players in Australia tire market are Bridgestone Australia Ltd., Goodyear & Dunlop Tyres (Australia) Pty Ltd., Yokohama Tyre Australia Pty. Ltd., Michelin Australia Pty Ltd., Kumho Tyre Australia Pty Ltd, Hankook Tyre Australia Pty. Ltd., Continental Tyres of Australia Pty Ltd, Pirelli Tyres Australia Pty Ltd, Toyo Tires & Rubber Australia Limited and Federal Tyres Australia, among others. According to our survey, Bridgestone, Goodyear-Dunlop and Yokohama are few of the leading tire companies operating in Australia. These companies are anticipated to continue dominating the market through the forecast period on account of brand acceptance among consumer and strong dealership network of these companies. Key growth strategies adopted by these leading companies are product innovation, mergers & acquisitions, partnerships and joint ventures.

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Backed by technologically advanced manufacturing processes and increasing consumer confidence in purchasing retread tires for commercial and OTR vehicles, the retread tire segment is growing at a healthy pace in Australia. Additionally, growing presence of various companies such as Bridgestone, Pirelli, Goodyear & Dunlop, Kumho, Hankook, Michelin, etc., through their strong dealer and distribution networks, is expected to further intensify market competition in Australia tire market during the next five years”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

Australia Tire Market By Vehicle Type (Passenger Cars, Light Commercial Vehicles, Medium & Heavy Commercial Vehicles, Two-Wheelers & Off-the-Road Vehicles), By Radial vs. Bias, By Rim Size, By Region, Forecast & Opportunities, 2025 has evaluated the future growth potential of tire market in Australia and provides statistics and information on market size, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the industry.


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