APAC tire market stood at $ 68.40 billion in 2017 and is forecast to grow at a CAGR of 8.75% during 2018-2023 to reach $ 112.77 billion by 2023. Growth in the market is expected to be driven by increasing vehicle sales across all vehicle categories coupled with constantly expanding vehicle fleet in the region. Replacement segment continues to dominate demand for tires in the region. Moreover, presence of major automotive OEMs such as Ford, Hyundai, Honda, Mahindra, Maruti Suzuki, TATA, BMW, etc., is propelling OEM tire demand in Asian countries. Additionally, rising per capita income and anticipated increase in new vehicle launches are few of the other factors expected to drive APAC tire market over the next five years.

Years considered for this report:

Historical Years: 2013 – 2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019 – 2023

Objective of the Study:

  • To study APAC tire market scenario, which covers passenger car tire, light commercial vehicle tire, medium & heavy commercial vehicle tire, two-wheeler tire, three-wheeler tire and off-the-road tire.
  • To analyze and forecast the APAC tire market size, in terms of value and volume.
  • To classify and forecast APAC tire market on the basis of vehicle type, demand category, radial vs. bias and country.


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Some of the major players operating in the APAC Tire Market are Bridgestone, Goodyear, Michelin, Continental, Hankook, Sumitomo, Yokohama, Pirelli and Kumho, among others.

In order to perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of APAC tire companies. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, e-mail responses, etc., with the identified companies. While interviewing, the respondents were asked about their major competitors. Through this technique, TechSci Research was able to include companies which could not be identified due to the limitations of secondary research.

TechSci Research calculated the Asia-Pacific tire market size using a bottom-up technique, wherein Asia-Pacific tire companies’ revenue for different vehicle types (passenger cars, light commercial vehicles, medium & heavy commercial vehicles, two-wheelers, three-wheelers and off-the-road vehicles) was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated by analyzing historical data of respective tire companies to arrive at the overall market size. Multiple secondary sources such as directories, company websites, company annual reports, white papers, investor presentations and financial reports were also analyzed by TechSci Research.


Key Target Audience:

  • Tire manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulatory authorities and policy makers
  • Associations, organizations, forums and alliances related to tire industry
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as tire companies, distributors and policy makers. The study would enable the stakeholders in identifying the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Asia-Pacific tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Vehicle Type:
    • Passenger Car
    • Light Commercial Vehicle
    • Medium & Heavy Commercial Vehicle
    • Two-Wheeler
    • Three-Wheeler
    • Off-the-Road
  • Market, by Demand Category:
    • OEM
    • Replacement
  • Market, by Country:
    • China
    • India
    • Japan
    • Indonesia
    • Vietnam
    • Thailand
    • Australia
    • South Korea
    • Philippines
    • Malaysia
    • Bangladesh
    • Pakistan
    • Sri Lanka
    • Taiwan
    • Singapore
    • New Zealand
    • Rest of APAC
  • Market, by Company:
    • Bridgestone
    • Michelin
    • Goodyear
    • Continental
    • Hankook
    • Pirelli
    • Kumho
    • Sumitomo

Competitive Landscape

Company Profiles: Detailed analysis of the major companies operating in APAC tire market.

Available Customizations: With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information: Detailed analysis and profiling of additional market players (up to five).

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

1.       Product Overview

2.       Research Methodology

3.       APAC Tire Production Overview

4.       APAC Tire Market Outlook

4.1.    Market Size & Forecast

4.1.1.By Value & Volume

4.2.    Market Share & Forecast

4.2.1.By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two-Wheeler, Three-Wheeler and OTR)

4.2.2.By Demand Category (OEM Vs Replacement)

4.2.3.By Radial vs. Bias

4.2.4.By Country

4.2.5.By Company

4.3.   China Tire Market Outlook

4.3.1.Market Size & Forecast

4.3.1.1.   By Value & Volume

4.3.2.Market Share & Forecast

4.3.2.1.   By Vehicle Type

4.3.2.2.   By Demand Category

4.3.2.3.   By Radial vs. Bias

4.4.   India Tire Market Outlook

4.4.1.Market Size & Forecast

4.4.1.1.   By Value & Volume

4.4.2.Market Share & Forecast

4.4.2.1.   By Vehicle Type

4.4.2.2.   By Demand Category

4.4.2.3.   By Radial vs. Bias

4.5.   Japan Tire Market Outlook

4.5.1.Market Size & Forecast

4.5.1.1.   By Value & Volume

4.5.2.Market Share & Forecast

4.5.2.1.   By Vehicle Type

4.5.2.2.   By Demand Category

4.5.2.3.   By Radial vs. Bias

4.6.   Indonesia Tire Market Outlook

4.6.1.Market Size & Forecast

4.6.1.1.   By Value & Volume

4.6.2.Market Share & Forecast

4.6.2.1.   By Vehicle Type

4.6.2.2.   By Demand Category

4.6.2.3.   By Radial vs. Bias

4.7.   South Korea Tire Market Outlook

4.7.1.Market Size & Forecast

4.7.1.1.   By Value & Volume

4.7.2.Market Share & Forecast

4.7.2.1.   By Vehicle Type

4.7.2.2.   By Demand Category

4.7.2.3.   By Radial vs. Bias

4.8.   Thailand Tire Market Outlook

4.8.1.Market Size & Forecast

4.8.1.1.   By Value & Volume

4.8.2.Market Share & Forecast

4.8.2.1.   By Vehicle Type

4.8.2.2.   By Demand Category

4.8.2.3.   By Radial vs. Bias

4.9.   Taiwan Tire Market Outlook

4.9.1.Market Size & Forecast

4.9.1.1.   By Value & Volume

4.9.2.Market Share & Forecast

4.9.2.1.   By Vehicle Type

4.9.2.2.   By Demand Category

4.9.2.3.   By Radial vs. Bias

4.10.  Vietnam Tire Market Outlook

4.10.1.    Market Size & Forecast

4.10.1.1.    By Value & Volume

4.10.2.    Market Share & Forecast

4.10.2.1.    By Vehicle Type

4.10.2.2.    By Demand Category

4.10.2.3.    By Radial vs. Bias

4.11.  Australia Tire Market Outlook

4.11.1.    Market Size & Forecast

4.11.1.1.    By Value & Volume

4.11.2.    Market Share & Forecast

4.11.2.1.    By Vehicle Type

4.11.2.2.    By Demand Category

4.11.2.3.    By Radial vs. Bias

4.12.  Malaysia Tire Market Outlook

4.12.1.    Market Size & Forecast

4.12.1.1.    By Value & Volume

4.12.2.    Market Share & Forecast

4.12.2.1.    By Vehicle Type

4.12.2.2.    By Demand Category

4.12.2.3.    By Radial vs. Bias

4.13.  Pakistan Tire Market Outlook

4.13.1.    Market Size & Forecast

4.13.1.1.    By Value & Volume

4.13.2.    Market Share & Forecast

4.13.2.1.    By Vehicle Type

4.13.2.2.    By Demand Category

4.13.2.3.    By Radial vs. Bias

4.14.  Philippines Tire Market Outlook

4.14.1.    Market Size & Forecast

4.14.1.1.    By Value & Volume

4.14.2.    Market Share & Forecast

4.14.2.1.    By Vehicle Type

4.14.2.2.    By Demand Category

4.14.2.3.    By Radial vs. Bias

4.15.  New Zealand Tire Market Outlook

4.15.1.    Market Size & Forecast

4.15.1.1.    By Value & Volume

4.15.2.    Market Share & Forecast

4.15.2.1.    By Vehicle Type

4.15.2.2.    By Demand Category

4.15.2.3.    By Radial vs. Bias

4.16.  Sri Lanka Tire Market Outlook

4.16.1.    Market Size & Forecast

4.16.1.1.    By Value & Volume

4.16.2.    Market Share & Forecast

4.16.2.1.    By Vehicle Type

4.16.2.2.    By Demand Category

4.16.2.3.    By Radial vs. Bias

4.17.  Bangladesh Tire Market Outlook

4.17.1.    Market Size & Forecast

4.17.1.1.    By Value & Volume

4.17.2.    Market Share & Forecast

4.17.2.1.    By Vehicle Type

4.17.2.2.    By Demand Category

4.17.2.3.    By Radial vs. Bias

4.18.  Singapore Tire Market Outlook

4.18.1.    Market Size & Forecast

4.18.1.1.    By Value & Volume

4.18.2.    Market Share & Forecast

4.18.2.1.    By Vehicle Type

4.18.2.2.    By Demand Category

4.18.2.3.    By Radial vs. Bias

In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]

  • List of Figures

    Figure 1: APAC Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2013-2023F

    Figure 2: APAC Population (Million), 2013-2017

    Figure 3: APAC Tire Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 4: APAC Tire Market Share, By Demand Category, By Volume, 2013-2023F

    Figure 5: APAC Tire Market Share, By Radial Vs. Bias, By Volume, 2013-2023F

    Figure 6: Vehicle Sales in APAC (Million Units), 2013-2017

    Figure 7: APAC Tire Market Share, By Country, By Volume, 2013-2023F

    Figure 8: APAC Tire Market Share, By Company, By Volume, 2017 & 2023F

    Figure 9: China Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2013-2023F

    Figure 10: China Population (Million), 2013-2017

    Figure 11: China Tire Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 12: China Tire Market Share, By Demand Category, By Volume, 2013-2023F

    Figure 13: China Tire Market Share, By Radial Vs. Bias, By Volume, 2013-2023F

    Figure 14: Vehicle Sales in China (Million Units), 2013-2017

    Figure 15: India Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2013-2023F

    Figure 16: India Population (Million), 2013-2017

    Figure 17: India Tire Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 18: India Tire Market Share, By Demand Category, By Volume, 2013-2023F

    Figure 19: India Tire Market Share, By Radial Vs. Bias, By Volume, 2013-2023F

    Figure 20: Vehicle Sales in India (Million Units), 2013-2017

    Figure 21: Japan Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2013-2023F

    Figure 22: Japan Population (Million), 2013-2017

    Figure 23: Japan Tire Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 24: Japan Tire Market Share, By Demand Category, By Volume, 2013-2023F

    Figure 25: Japan Tire Market Share, By Radial Vs. Bias, By Volume, 2013-2023F

    Figure 26: Vehicle Sales in Japan (Million Units), 2013-2017

    Figure 27: Indonesia Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2013-2023F

    Figure 28: Indonesia Population (Million), 2013-2017

    Figure 29: Indonesia Tire Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 30: Indonesia Tire Market Share, By Demand Category, By Volume, 2013-2023F

    Figure 31: Indonesia Tire Market Share, By Radial Vs. Bias, By Volume, 2013-2023F

    Figure 32: Vehicle Sales in Indonesia (Million Units), 2013-2017

    Figure 33: South Korea Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2013-2023F

    Figure 34: South Korea Population (Million), 2013-2017

    Figure 35: South Korea Tire Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 36: South Korea Tire Market Share, By Demand Category, By Volume, 2013-2023F

    Figure 37: South Korea Tire Market Share, By Radial Vs. Bias, By Volume, 2013-2023F

    Figure 38: Vehicle Sales in South Korea (Million Units), 2013-2017

    Figure 39: Thailand Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2013-2023F

    Figure 40: Thailand Population (Million), 2013-2017

    Figure 41: Thailand Tire Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 42: Thailand Tire Market Share, By Demand Category, By Volume, 2013-2023F

    Figure 43: Thailand Tire Market Share, By Radial Vs. Bias, By Volume, 2013-2023F

    Figure 44: Vehicle Sales in Thailand (Million Units), 2013-2017

    Figure 45: Taiwan Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2013-2023F

    Figure 46: Taiwan Population (Million), 2013-2017

    Figure 47: Taiwan Tire Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 48: Taiwan Tire Market Share, By Demand Category, By Volume, 2013-2023F

    Figure 49: Taiwan Tire Market Share, By Radial Vs. Bias, By Volume, 2013-2023F

    Figure 50: Vehicle Sales in Taiwan (Million Units), 2013-2017

    Figure 51: Vietnam Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2013-2023F

    Figure 52: Vietnam Population (Million), 2013-2017

    Figure 53: Vietnam Tire Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 54: Vietnam Tire Market Share, By Demand Category, By Volume, 2013-2023F

    Figure 55: Vietnam Tire Market Share, By Radial Vs. Bias, By Volume, 2013-2023F

    Figure 56: Vehicle Sales in Vietnam (Million Units), 2013-2017

    Figure 57: Australia Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2013-2023F

    Figure 58: Australia Population (Million), 2013-2017

    Figure 59: Australia Tire Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 60: Australia Tire Market Share, By Demand Category, By Volume, 2013-2023F

    Figure 61: Australia Tire Market Share, By Radial Vs. Bias, By Volume, 2013-2023F

    Figure 62: Vehicle Sales in Australia (Million Units), 2013-2017

    Figure 63: Malaysia Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2013-2023F

    Figure 64: Malaysia Population (Million), 2013-2017

    Figure 65: Malaysia Tire Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 66: Malaysia Tire Market Share, By Demand Category, By Volume, 2013-2023F

    Figure 67:  Malaysia Tire Market Share, By Radial Vs. Bias, By Volume, 2013-2023F

    Figure 68: Vehicle Sales in Malaysia (Million Units), 2013-2017

    Figure 69: Pakistan Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2013-2023F

    Figure 70: Pakistan Population (Million), 2013-2017

    Figure 71: Pakistan Tire Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 72: Pakistan Tire Market Share, By Demand Category, By Volume, 2013-2023F

    Figure 73: Pakistan Tire Market Share, By Radial Vs. Bias, By Volume, 2013-2023F

    Figure 74: Vehicle Sales in Pakistan (Million Units), 2013-2017

    Figure 75: Philippines Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2013-2023F

    Figure 76: Philippines Population (Million), 2013-2017

    Figure 77: Philippines Tire Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 78: Philippines Tire Market Share, By Demand Category, By Volume, 2013-2023F

    Figure 79: Philippines Tire Market Share, By Radial Vs. Bias, By Volume, 2013-2023F

    Figure 80: Vehicle Sales in Philippines (Million Units), 2013-2017

    Figure 81: New Zealand Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2013-2023F

    Figure 82: New Zealand Population (Million), 2013-2017

    Figure 83: New Zealand Tire Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 84: New Zealand Tire Market Share, By Demand Category, By Volume, 2013-2023F

    Figure 85: New Zealand Tire Market Share, By Radial Vs. Bias, By Volume, 2013-2023F

    Figure 86: Vehicle Sales in New Zealand (Million Units), 2013-2017

    Figure 87: Sri Lanka Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2013-2023F

    Figure 88: Sri Lanka Population (Million), 2013-2017

    Figure 89: Sri Lanka Tire Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 90: Sri Lanka Tire Market Share, By Demand Category, By Volume, 2013-2023F

    Figure 91: Sri Lanka Tire Market Share, By Radial Vs. Bias, By Volume, 2013-2023F

    Figure 92: Vehicle Sales in Sri Lanka (Million Units), 2013-2017

    Figure 93: Bangladesh Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2013-2023F

    Figure 94: Bangladesh Population (Million), 2013-2017

    Figure 95: Bangladesh Tire Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 96: Bangladesh Tire Market Share, By Demand Category, By Volume, 2013-2023F

    Figure 97: Bangladesh Tire Market Share, By Radial Vs. Bias, By Volume, 2013-2023F

    Figure 98: Vehicle Sales in Bangladesh (Million Units), 2013-2017

    Figure 99: Singapore Tire Market Size, By Value (USD Billion), By Volume (Million Units), 2013-2023F

    Figure 100: Singapore Population (Million), 2013-2017

    Figure 101: Singapore Tire Market Share, By Vehicle Type, By Volume, 2013-2023F

    Figure 102: Singapore Tire Market Share, By Demand Category, By Volume, 2013-2023F

    Figure 103: Singapore Tire Market Share, By Radial Vs. Bias, By Volume, 2013-2023F

    Figure 104: Vehicle Sales in Singapore (Million Units), 2013-2017

     

    List of Tables

    Table 1: APAC Tire Production, By Country, By Company and Plant Location, 2015