Australia Tire Market By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM Vs. Replacement), By Radial Vs Bias, By Rim Size, By Region, Forecast & Opportunities, 2025

As on date of publishing, this report will capture the impact assessment of COVID-19 on this market and the same will be considered in our market forecast model. Clients purchasing this report between April and June 2020 will be getting a ‘free’ updated market data excel sheet between July and September 2020 accounting for the impact of COVID-19 on the market in the current year 2020 and forecast.

Australia tire market was valued USD 3.54 Billion in 2019 and is projected to grow at a CAGR of 7.73% during the forecast period. Key factors propelling the growth of this market are expanding vehicle fleet, increasing industrialization, robust road infrastructure and growing penetration of online sales channel across the country. Moreover, high standard of living is also contributing to the increasing sale of passenger vehicles which in turn is supporting the Australia tire market growth. Demand for tires in the country is further anticipated to be driven by the replacement segment as 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. With rising tire radialization and burgeoning demand for Tire Pressure Monitoring System (TPMS), Australia tire market is expected to grow significantly through 2025.

The market is segmented based on vehicle type, demand category, radial vs bias, rim size and region. Based on vehicle type, the market can be categorized into passenger car, LCV (Light Commercial Vehicle), M&HCV (Medium & Heavy Commercial Vehicle), OTR (Off-The-Road Vehicles), two-wheeler and three-wheeler. Among them, the passenger car tire segment dominated Australia tire market in 2019 with 59.15% market share, followed by light commercial vehicle and medium & heavy commercial vehicle tires. The passenger car segment is further expected to continue its dominance during the forecast period on the back of increased sales of passenger cars and rise in consumer disposable income in the country.

Major companies operating in Australia tire market include 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. Bridgestone, Goodyear-Dunlop and Yokohama are top three tire manufactures operating in Australia. Furthermore, the brand acceptance among consumer and strong dealership network of these companies are anticipated to maintain their leading position in Australia tire market during the forecast period. Key growth strategies being adopted by leading tire manufactures are mergers & acquisitions, collaborations and product innovation.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

• To analyze and forecast the market size of Australia tire market.
• To classify and forecast Australia tire market based on vehicle type, demand category, radial vs bias, rim size, company and Region.
• To identify drivers and challenges for Australia tire market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Australia tire market.
• To identify and analyze the profile of leading players involved in the manufacturing tires in Australia.

Click here to download the sample 

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tire dealers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels and regional presence of all major tire suppliers across Australia.

TechSci Research calculated the market size for Australia tire using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.

• Tire manufacturers, suppliers, distributors and other stakeholders
• Vehicle manufacturing companies
• Raw material suppliers
• Associations, organizations, forums and alliances related to tires
• Government bodies such as regulatory authorities and policy makers
• Market research and consulting firms

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

Report Scope:

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

• Australia Tire Market, By Vehicle Type:

o    Passenger Car

o    Two-Wheeler

o    Medium & Heavy Commercial Vehicle

o    Light Commercial Vehicle

o    Off-The-Road Vehicle (OTR)

o    Three-Wheeler

• Australia Tire Market, By Demand Category:
• OEM
• Replacement
• Australia Tire Market, By Radial vs Bias
• Australia Tire Market, By Rim Size
• Australia Tire Market, By Region:
• New South Wales
• Queensland
• Victoria
• Tasmania
• Western Australia
• South Australia
• Northern Territory

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Australia tire market.

Available Customizations:

With the given market data, TechSci Research offers customizations according 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).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.