Australia tire market
is projected to reach $ 4.4 billion by 2023, on the back of expanding vehicle
fleet, increasing industrialization and growing penetration of online sales
channel across the country. The tire market in Australia is dependent on
imports primarily from China and Thailand. Demand for tires in the country is
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. During the
forecast period, growing penetration of Chinese tires and increasing tire radialization
is expected to positively influence the tire market in Australia.
Years considered for this report:
Historical
Years: 2013 - 2016
Base Year:
2017
Estimated
Year: 2018
Forecast
Period: 2019-2023
Objective
of the Study:
- To analyze and
forecast Australia tire market size.
- To classify
and forecast Australia tire market based on vehicle type, radial vs bias,
company and region.
- To examine
policy & regulatory framework that could impact tire market in
Australia.
- To identify
drivers and challenges for Australia tire market.
- To identify
and analyze the profile of leading players operating in Australia tire
market.
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Some of the major players
operating 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, Federal Tyres Australia, etc.
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 tire players operating in Australia 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 Australia tire market size using a bottom-up technique, wherein companies’ 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 players to arrive at the overall market
size. Multiple secondary sources such as directories, databases such as OICA, FCAI, Company websites, company annual reports, white
papers, investor presentations and financial reports were also studied by
TechSci Research.
Key Target Audience:
- Tire manufacturers,
suppliers, distributors and other stakeholders
- 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 tire companies, distributors and dealers, and policy
makers.
The study
would also help them to target the growing segments over the coming years,
thereby aiding the stakeholders in taking investment decisions and facilitating
their expansion.
Report Scope:
In this report, Australia tire market
has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Market, by Vehicle Type:
- Passenger Cars
- Light Commercial Vehicles
- Medium & Heavy Commercial Vehicles
- Off-the-Road
- Two-Wheeler
- Market, by Radial vs Bias
- Market, by Region
- Australia Capital Territory & New
South Wales
- Victoria & Tasmania
- Queensland
- Northern Territory & Southern
Australia Western Australia
Competitive
Landscape
Company
Profiles: Detailed analysis of the major companies operating in Australia 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).
Profit Margin Analysis
- Profit margin analysis in case
of direct and indirect sales channel.
In case you don’t find what
you are looking for, please get in touch with our custom research team at sales@techsciresearch.com