Philippines Tire (Tyre) Market Size, Share by Type -TechSci Research

Summary

Report Description

Philippines is one of the major economies of the ASEAN region. Backed by government initiatives and rapid infrastructure developments, tire market in the Philippines is anticipated to witness modest growth over next five years. Further, on account of attractive investment schemes for OEMs, favorable trading environment coupled with various encouraging initiatives taken by the Government of Philippines, such as implementation of Motor Vehicle Development Program, an increasing number of OEM companies are establishing their manufacturing / assembling plants in the country, which is positively influencing the country’s tire market. Few of the major global tire brands operating in the Philippines include Goodyear, Bridgestone and Yokohama. Yokohama is the only tire manufacturer operating in the country, while all other tire companies operating in the Philippines import tires from countries such as Japan, the US, China and other Asian countries.

Get Latest Report : Philippines Tire Market Forecast & Opportunities, 2026

Visit : https://www.techsciresearch.com/report/philippines-tire-market/5125.html

According to the TechSci Research report, “Philippines Tire Market Forecast & Opportunities, 2021’’, tire market in the Philippines is expected to surpass $ 900 million by 2021 on account of expanding passenger car fleet, continuing infrastructure growth and large scale construction activities being undertaken in the country. In 2015, tire market in Philippines was dominated by the replacement tire segment, which grabbed around two-thirds of the market share. With sales of two-wheelers, commercial vehicles and passenger cars in the country cumulatively witnessing a CAGR of around 7% during 2011-2015 and reaching 1,139,118 units in 2015, replacement tire demand is expected to remain high over the next five years. With sales of around 850,509 two wheelers in the country in 2015, the two-wheeler tire segment accounted for a major share in the Philippines tire market. Moreover, increasing private sector investment is expected to boost the construction, agriculture and industrial sectors of the country in the coming years, which would act as a catalyst for commercial vehicle tires segment during the forecast period. “Philippines Tire Market Forecast & Opportunities, 2021” report elaborates following aspects of tire market in Philippines:

Philippines Tire Market Size, Share & Forecast
Segmental Analysis – Two Wheeler Tires, Commercial Vehicle Tires and Passenger Car Tires
Policy & Regulatory Landscape
Changing Market Trends and Emerging Opportunities
Competitive Landscape and Strategic Recommendations

Why You Should Buy This Report?

To gain an in-depth understanding of tire market in Philippines
To identify the on-going trends and segment wise anticipated growth over next five years
To help industry consultants, tire companies and other stakeholders to align their market-centric strategies
To obtain research based business decision and add weight to presentations and marketing material
To gain competitive knowledge of leading market players
To avail 10% customization in the report without any extra charges and get the research data or trends added in the report as per the buyer’s specific needs

Report Methodology

The information contained in this report is based on both primary and secondary sources. Primary research included interviews with tire manufacturers, importer, distributors and industry experts. Secondary research included an exhaustive search of relevant publications such as company annual reports, financial reports and proprietary databases.

Table of content

1. Research Methodology

2. Product Overview

3. Analyst View

4. Philippines 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 (Two-Wheeler (2W), PC and CV)

4.2.2. By Company

4.2.3. By Region

5. Philippines Replacement Tire Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Vehicle Type (Two-Wheeler (2W), PC and CV)

6. Philippines Two-Wheeler Tire Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Demand Category (OEM Vs. Replacement)

6.2.2. By Vehicle Type (Underbone/Scooter and Motorcycle)

7. Philippines Commercial Vehicle Tire Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Demand Category (OEM Vs. Replacement)

7.2.2. By Vehicle Type (LCV, AUV, Light Truck and Heavy Truck & Bus)

8. Philippines Passenger Car Tire Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Demand Category (OEM Vs. Replacement)

8.2.2. By Vehicle Type (MPV/SUV, Sedan/Hatchback and Van)

9. Import-Export Analysis

10. Market Dynamics

10.1. Drivers

10.2. Challenges

11. Market Trends & Developments

11.1. Improving Automotive Sector Scenario

11.2. Growing Demand for Retread Tires

11.3. Increasing Domestic Rubber Production

11.4. Presence of Smuggled Chinese Tires

11.5. Implementation of Favorable Government Initiatives

12. Policy & Regulatory Landscape

13. Philippines Economic Profile

14. Competitive Landscape

14.1. Bridgestone Corporation

14.2. Goodyear Philippines, Inc.

14.3. Yokohama Rubber Company, Ltd.

14.4. Michelin Asia (Singapore) Co. Pte. Ltd.

14.5. Toyo Tire and Rubber Company Ltd.

14.6. Kumho Tire Co., Inc.

14.7. Cheng Shin Rubber Industries Co. Ltd.

14.8. Zhongce Rubber Group Co., Ltd.

14.9. Federal Corporation

14.10. Southern Rubber Industry JSC

15. Strategic Recommendations

Figures and Tables

List of Figures

Figure 1: Philippines Tire Market Size, By Value (USD Million), By Volume (Million Units), 2011-2021F

Figure 2: Philippines Tire Market Share, By Vehicle Type, By Volume, 2015-2021F

Figure 3: Philippines Tire Market Share, By Company, By Volume, 2015-2021F

Figure 4: Philippines Tire Market Share, By Region, By Volume, 2015 & 2021F

Figure 5: Philippines Replacement Tire Market Size, By Value (USD Million), By Volume (Million Units), 2011-2021F

Figure 6: Philippines Replacement Tire Market Share, By Vehicle Type, By Volume, 2015-2021F

Figure 7: Philippines Two Wheeler Tire Market Size, By Value (USD Million), By Volume (Million Units), 2011-2021F

Figure 8: Philippines Two Wheeler Tire Market Share, By Demand Category (OEM Vs. Replacement), 2011-2021F

Figure 9: Philippines Two Wheeler Tire Market Share, By Vehicle Type, By Volume, 2015-2021F

Figure 10: Philippines Commercial Vehicle Tire Market Size, By Value (USD Million), By Volume (Million Units), 2011-2021F

Figure 11: Philippines Commercial Vehicle Tire Market Share, By Demand Category (OEM Vs. Replacement), 2011-2021F

Figure 12: Philippines Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2021F

Figure 13: Philippines Passenger Car Tire Market Size, By Value (USD Million), By Volume (Million Units), 2011-2021F

Figure 14: Philippines Passenger Car Tire Market Share, By Demand Category (OEM Vs. Replacement), 2011-2021F

Figure 15: Philippines Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2015-2021F

Figure 16: Philippines Commercial Vehicle Tire Imports, By Value, 2010-2014 (USD Million)

Figure 17: Philippines Passenger Car Tire Imports, By Value, 2010-2014 (USD Million)

Figure 18: Philippines Two-Wheeler Tire Imports, By Value, 2010-2014 (USD Million)

Figure 19: Philippines Tire Imports Share, By Vehicle Type, By Value, 2014

Figure 20: Philippines Commercial Vehicle Tire Exports, By Value, 2010-2014 (USD Million)

Figure 21: Philippines Two-Wheeler Tire Exports, By Value, 2010-2014 (USD Million)

Figure 22: Philippines Passenger Cars Tire Exports, By Value, 2010-2014 (USD Million)

Figure 23: Philippines Tire Exports Share, By Vehicle Type, By Value, 2014

List of Tables

Table 1: Philippines Tire Production Capacity, By Company & Plant Location, 2014

Table 2: Philippines Two-Wheeler Sales, 2011-2015 (Units)

Table 3: Philippines Two-Wheeler Production, 2011-2015 (Units)

Table 4: Philippines Commercial Vehicle Sales, 2011-2015 (Units)

Table 5: Philippines List of Ongoing Infrastructure Projects Under High Standard Highway (HSH), By Completion Date & Project Value (USD Million)

Table 6: Philippines NEDA Board Approved Infrastructure Projects Under High Standard Highway (HSH), By Completion Date & Project Value (USD Million)

Table 7: Philippines List of Proposed Infrastructure Projects Under High Standard Highway (HSH), By Completion Date & Project Value (USD Million)

Table 8: Philippines List of Infrastructure Projects Under National Roads Improvement and Management Program

Table 9: Philippines List of Infrastructure Projects Under Road Upgrading and Preservation Project

Table 10: Philippines List of Projects Under Master Plan for Flood Management, By Estimated Value (USD Billion)

Table 11: Philippines Commercial Vehicle Production, 2011-2015 (Units)

Table 12: Philippines Passenger Car Sales, 2011-2015 (Units)

Table 13: Philippines Passenger Car Production, 2011-2015 (Units)

Table 14: Philippines List of Trade Agreements (in effect)

Table 15: Philippines List of Trade Agreements (under negotiation)

Frequently asked questions

Related Reports

Srishti Verma

Business Consultant

Talk To Analyst

Press Release

Philippines Tire Market to Grow at 15.36% CAGR by 2026

Jun, 2021

Growing automotive sales and technological advancement in tires to drive the Philippines Tire market through 2026.

Philippines Tire Market Forecast and Opportunities, 2021

Buy Now