Japan Tire Market By Vehicle Type (Passenger Car Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheelers, Three Wheelers, OTR), By Tire Type (Radial, Bias), By Demand Category Type (OEM, Replacement), and By Region, Competition, Forecast & Opportunities 2028

  • Industry : Automotive
  • Pages : NA
  • Published Date : NA
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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 11.67 Billion

CAGR (2023-2028)

6.37%

Fastest Growing Segment

Two-Wheeler

Largest Market

Hokkaido


Japan tire market has shown significant growth in the past few years and is anticipated to increase at a high rate over the period of 2024-2028. Since the second pandemic year, that is 2021, the production size of the automobile tire market in Japan has been rising continuously, thanks to the active export and generally strong local demand.

The year 2020 saw a significant fall in the demand for tire in Japan due to the outbreak of the COVID-19 pandemic. However, with the globalization of the production sector, the market is demonstrating an upward movement since 2022. According to the Cabinet Public Affairs Office, Government of Japan, the Japanese economy began showing signs of a slow recovery post-pandemic, and despite continuing issues, such as persistently high raw material costs, it maintained the highest post-pandemic economic growth, thanks to greater corporate earnings and more capital investments.  

Foreign tire companies operating in Japan are also facing pressures to diversify or move out of the Japan-based supply chain. With the declaration of lockdown to stop the spread of COVID-19, almost all the automotive factories, showrooms, and workshops were closed, resulting in a significant decline in production and sales of tires in Japan. The country is facing a rise in restrictions on its overseas commercial activities and access to foreign technologies due to the impact of COVID-19. In 2020, the Japanese government reported -7.90% gross domestic product (GDP) growth in the second quarter and 5.60% GDP growth in the Q3 of 2020.

Japan has an overall tire market share of 8.86% in the Asia Pacific region. In 2022, tire sales in the country were around 117.27 million units, in which the passenger car segment had the highest market share of 73.29% among all other vehicles. Tire sales are mostly generated by the replacement market, which accounted for 63.19% of the overall market in 2022.

Tire technology has a wide range of applications, many of which have great potential for future expansion. One of these options is vehicle platooning, in which vehicles have cutting-edge driver assistance systems installed. Vehicles form a platoon that follows one another closely and are kept together by smart technology that relies on sensory data input and vehicle-to-vehicle communication. Thanks to sophisticated vehicle data processing, tire manufacturers may evaluate the braking potential of vehicles in real-time and adjust the convoy composition to maximize fuel efficiency while travelling safely.

Government Incentives for Electric Vehicles

To boost auto sales, which was negatively impacted by the coronavirus outbreak, the Japanese government has put forth a number of incentive programs. The government has introduced many subsidy policies on the purchase of electric vehicles. Due to this, many people are showing interest in buying electric vehicles.

The increased demand for electric vehicles has encouraged tire manufacturers to innovate and introduce new features in electric vehicles tire, such as additional weight holding capacity as electric vehicles are heavier than combustion engine vehicles due the weight of batteries. Also, electric vehicles produce very less noise, so the noise from the wind noise and tires are more noticeable, so tire manufactures are focusing on making tires with different thread patterns that cut down on the acoustic effects. All these developments are likely to fuel the demand for tire in Japan over the next few years.  

Economical Pricing and Technological Developments Driving Japan Tire Market

With Japan being the world's largest producer and exporter of automobile tires, Japanese tire brands have a strong foothold in the global tire market. The demand for tire from original equipment manufacturers (OEM) is getting high with time as the tire market has a higher share in the replacement market.  The demand for replacement tire in the Japanese aftermarket is quite high compared to the rest of the world.

Thanks to affordable pricing and advanced technologies, Japanese tires are in high demand across the world. Japanese tire brands have gained significant popularity due to their cutting-edge technology that they offer at affordable costs compared to other international tire brands. They are reasonably-priced and of high quality as Japanese production sites have extensive quality control systems. This factor is expected to drive the demand for Japanese tires across the world in the forthcoming years, aiding this market.

Emergence of Self-inflating Tire

In a situation where the tire is slightly deflated, the self-inflating tire has the ability to inflate automatically. These tires continuously maintain standard tire pressure and guarantee vehicle safety in the event of slow leaks. The use of self-inflating tires increases vehicle stability and driver safety by reducing the chance of tire blowouts and improves vehicle handling and maneuverability. By reducing rolling resistance and ensuring optimum inflation, these tires significantly promote fuel efficiency and guarantee a longer tire life. It is a workable solution for a safer environment because of reduced carbon emission and tire debris.

Increasing Concerns toward Environment and Vehicle Safety

As a result of increasing awareness about the rising pollution from IC vehicles, the adoption of various eco-friendly alternatives, including electric and hydrogen-powered vehicles, have increased. Due to this, the development of tires that conserve fuel and aid environmental sustainability has increased. The rising sales of electric vehicles in Japan may have a favorable impact on the sales of tires, particularly those built for electric vehicles. This is because electric vehicles are typically heavier than conventional gasoline-powered vehicles, which may cause more tire wear and require more frequent replacement.

In addition, electric vehicles often use specialized tires that are designed to be more energy-efficient and provide better performance for unique demands of electric propulsion systems. These tires could be more expensive and could improve sales for tire makers since they might have different tread patterns, materials, or construction than conventional tires.

Tires to Ensure Vehicle Safety

To meet tire safety requirements, especially for autonomous vehicles, the automotive industry is searching for thorough and reasonably priced monitoring systems to better track a tire’s condition.

Nowadays, many companies are making tires, which are equipped with novel features, such as tire pressure monitoring, and Quietness, dry grip, and handling stability. When abnormal conditions are found, an alarm is promptly sounded. Data is also gathered, evaluated, compared, and shared on the smartphone application. As a result, tire properties may be monitored and tire parameters, including pressure, may be changed quickly.


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Market Segmentation

The Japan tire market is segmented based on vehicle type, demand category, tire construction type, and region. Based on the vehicle type, the market is classified into passenger car light commercial vehicle, medium & heavy commercial vehicle, two wheelers, three wheelers and OTR. Based on the demand category, the market is divided into OEM and replacement. Based on tire construction type, the market is divided into radial and bias. Regionally, the market is divided into Hokkaido, Tohoku, Chubu, Kanto, Rest of Japan.

Recent Developments

Two of the biggest tire producers in the world are Bridgestone Corporation and The Michelin Group, and both businesses have made significant investments in new technological developments to enhance the functionality, safety, and sustainability of their tires.  Bridgestone has created a brand-new style of tire, known as "Air Free Concept," which uses a special arrangement of thermoplastic resin spokes to sustain the weight of the vehicle and do away with the requirement for air pressure. This might lessen the amount of tire trash generated from discarded tires and eliminate the risk of flat tires. Another innovative tire from Bridgestone is dubbed "ENLITEN," which uses a patented resin technology to reduce tire weight by up to 20% while retaining excellent levels of performance and durability.

The new 'Pilot Sport 4S' tire from Michelin combines a special mix of materials and tread design to produce outstanding grip and handling in both wet and dry situations while also offering long-lasting performance. Additionally, Michelin is making investments in cutting-edge technology to increase the sustainability of its tires, including the use of recycled materials, natural rubber from environmentally friendly sources, and cutting-edge production techniques that utilize less waste and energy. Additionally, Michelin has created a brand-new tire, called "Tweel," that improves on the classic pneumatic tire in terms of comfort, durability, and stability, using flexible spokes. Currently, Tweel is utilized in many vehicles, including commercial trucks and military vehicles.

Company Profiles: Bridgestone Tire Solution Japan Co., Ltd., Nihon MichelinTire Co., Ltd., Continental Japan Co., Ltd., Goodyear Japan Ltd, Sumitomo Rubber Industries, Ltd., Hankook Tire & Technology Co., Ltd., Pirelli & C. S.p.A., The Yokohama Rubber Co., Ltd., Zhongce Rubber Group Co., Ltd., and Cheng Shin Rubber Industry Co. are among the major market players in the Japan tire Market.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Billion, Volume in Million Units, and CAGR for 2018-2021 and 2023E-2028F

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Vehicle Type

By Demand Category

By Tire Construction Type

By Region

Regional Scope

Hokkaido, Tohoku, Chubu, Kanto, Rest of Japan

Country Scope

Japan

Key Companies Profiled

Bridgestone Corporation, The Michelin Group, Continental AG, Goodyear Tire and Rubber Company, Sumitomo Rubber Industries, Ltd., Hankook Tire & Technology Co., Ltd., Pirelli & C. S.p.A., The Yokohama Rubber Co., Ltd., Zhongce Rubber Group Co., Ltd., Cheng Shin Rubber Industry Co. 

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail yourself of customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)


Report Scope:

In this report, the Japan Tire Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Japan Tire Market, By Vehicle Type:
    • Passenger Car
    • Light Commercial Vehicle
    • Medium & Heavy Commercial Vehicle
    • Two Wheelers
    • Three Wheelers
    • OTR
  • Japan Tire Market, By Demand Category:
    • OEM
    • Aftermarket
  • Japan Tire Market, By Tire Construction Type:
    • Radial
    • Bias
  • Japan Tire Market, By Region:
    • Hokkaido
    • Tohoku
    • Chubu
    • Kanto
    • Rest of Japan
  • Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Japan 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).

Japan Tire Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Japan Tire Market

5.    Voice of Customer

5.1.  Brand Awareness

5.2.  Factors Influencing Purchase Decision

5.3.  Brand Satisfaction Level

6.    Japan Tire Outlook, FY2018-FY2028F

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type Market Share Analysis (Passenger Car Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two Wheelers, Three Wheelers and OTR)

6.2.2.     By Demand Category Market Share Analysis (OEM and Replacement)

6.2.3.     By Tire Construction Type Market Share Analysis (Radial and Bias)

6.2.4.     By Regional Market Share Analysis

6.2.4.1.         Hokkaido Region Market Share Analysis

6.2.4.2.         Tohoku Region Market Share Analysis

6.2.4.3.         Chubu Region Market Share Analysis

6.2.4.4.         Kanto Region Market Share Analysis

6.2.4.5.         Rest of Japan Region Market Share Analysis

6.2.5.     By Company Market Share Analysis (Top 5 Companies, Others - By Value - 2022)

6.3.  Japan Tire Market Mapping & Opportunity Assessment

6.3.1.     By Vehicle Type Market Mapping & Opportunity Assessment

6.3.2.     By Demand Category Market Mapping & Opportunity Assessment

6.3.3.     By Tire Construction Type Market Mapping & Opportunity Assessment

6.3.4.     By Regional Market Mapping & Opportunity Assessment

7.    Japan Passenger Car Tire Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Volume and Value

7.2.  Market Share & Forecast

7.2.1.     By Demand Category Market Share Analysis

7.2.2.     By Tire Construction Type Market Share Analysis

8.    Japan Commercial Vehicle Tire Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Volume and Value

8.2.  Market Share & Forecast

8.2.1.     By Demand Category Market Share Analysis

8.2.2.     By Tire Construction Type Market Share Analysis

9.    Japan Medium & Heavy Commercial Vehicle Tire Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Volume and Value

9.2.  Market Share & Forecast

9.2.1.     By Demand Category Market Share Analysis

9.2.2.     By Tire Construction Type Market Share Analysis

10.  Japan Two Wheelers Tire Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Volume and Value

10.2.              Market Share & Forecast

10.2.1.  By Demand Category Market Share Analysis

10.2.2.  By Tire Construction Type Market Share Analysis

11.  Japan Three Wheelers Tire Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Volume and Value

11.2.              Market Share & Forecast

11.2.1.  By Demand Category Market Share Analysis

11.2.2.  By Tire Construction Type Market Share Analysis

12.  Japan OTR Tire Market Outlook

12.1.              Market Size & Forecast

12.1.1.  By Volume and Value

12.2.              Market Share & Forecast

12.2.1.  By Demand Category Market Share Analysis

12.2.2.  By Tire Construction Type Market Share Analysis

13.  Market Dynamics

13.1.              Market Drivers

13.2.              Market Challenges

14.  Market Trends & Developments

15.  Porter’s Five Forces Model

15.1.              Competitive Rivalry

15.2.              Bargaining Power of Suppliers

15.3.              Bargaining Power of Buyers

15.4.              Threat of New Entrants

15.5.              Threat of Substitutes

16.  SWOT Analysis

16.1.              Strength

16.2.              Weakness

16.3.              Opportunities

16.4.              Threats

17.  Import & Export Analysis

18.  Policy & Regulatory Landscape

19.  Japan Economic Profile

20.  Competitive Landscape

20.1.              Company Profiles (Up To 10 Major Companies)

20.1.1.  Bridgestone Corporation

20.1.1.1.      Company Details

20.1.1.2.      Key Products Offered

20.1.1.3.      Recent Development

20.1.1.4.      Key Management Personnel

20.1.2.  The Michelin Group

20.1.2.1.      Company Details

20.1.2.2.      Key Products Offered

20.1.2.3.      Recent Development

20.1.2.4.      Key Management Personnel

20.1.3.  Continental AG 

20.1.3.1.      Company Details

20.1.3.2.      Key Products Offered

20.1.3.3.      Recent Development

20.1.3.4.      Key Management Personnel

20.1.4.  Goodyear Tire and Rubber Company

20.1.4.1.      Company Details

20.1.4.2.      Key Products Offered

20.1.4.3.      Recent Development

20.1.4.4.      Key Management Personnel

20.1.5.  Sumitomo Rubber Industries, Ltd.

20.1.5.1.      Company Details

20.1.5.2.      Key Products Offered

20.1.5.3.      Recent Development

20.1.5.4.      Key Management Personnel

20.1.6.   Hankook Tire & Technology Co., Ltd.

20.1.6.1.      Company Details

20.1.6.2.      Key Products Offered

20.1.6.3.      Recent Development

20.1.6.4.      Key Management Personnel

20.1.7.  Pirelli & C. S.p.A.

20.1.7.1.      Company Details

20.1.7.2.      Key Products Offered

20.1.7.3.      Recent Development

20.1.7.4.      Key Management Personnel

20.1.8.  The Yokohama Rubber Co., Ltd.

20.1.8.1.      Company Details

20.1.8.2.      Key Products Offered

20.1.8.3.      Recent Development

20.1.8.4.      Key Management Personnel

20.1.9.   Zhongce Rubber Group Co., Ltd.

20.1.9.1.      Company Details

20.1.9.2.      Key Products Offered

20.1.9.3.      Recent Development

20.1.9.4.      Key Management Personnel

20.1.10.                Cheng Shin Rubber Industry Co.

20.1.10.1.    Company Details

20.1.10.2.    Key Products Offered

20.1.10.3.    Recent Development

20.1.10.4.    Key Management Personnel

21.  Strategic Recommendations/Action Plan

21.1.              Key Focus Areas

21.1.1.  Target Regions

21.1.2.  Target Vehicle Type

21.1.3.  Target Demand Category

22. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The growth in automotive export, as the number of vehicles is increasing, is resulting in the demand for tires in the aftermarket. Many tire making companies have started to introduce new type of tire due to tire demand having increased in the past few years. The growing demand for Japanese tires across the world is the major driver for the Japan tire market.

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Aftermarket has the highest market share in demand category in the Japan tire market.

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Ongoing Industrialization and economic growth, increase in passenger car sales, and growing penetration of Japanese tire brands across the world are some of the key trends in Japan tire market.

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Bridgestone Corporation, The Michelin Group, Continental AG, Goodyear Tire and Rubber Company, Sumitomo Rubber Industries, Ltd., and Hankook Tire & Technology Co., Ltd. are key companies in the Japan tire market.

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Srishti Verma

Business Consultant
Press Release

Japan Tire Market Gains from Increasing Vehicle Sales and Rising Aftermarket Demand

Jul, 2023

The increasing sale of vehicles and rising demand for tires in the aftermarket is driving the Japan tire market.

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