Japan Tyre (Tire) Market Report 2021, Industry Trends, Share, Size, Demand and Future Scope

Research Reports

Mar 10, 2021

According to the latest report by IMARC Group, the Japan tyre market reached a volume of 118 Million Units in 2020. Looking forward, the market expects to exhibit strong growth during the next five years.

A tyre refers to a ring-shaped strong, pneumatic, and flexible structure that is placed around the rim of a wheel. It is manufactured by using natural or synthetic rubber, fabric, wire, carbon black, and other additives. The primary function of a tyre is to shift the vehicle’s load to the surface and provide a durable grip between the vehicle and the road. A tyre also offers a flexible cushion to minimize the impact of vibrations and absorb shock to improve overall vehicular performance.

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The growing population levels and rising consumer disposable income levels have augmented the demand for automobiles, which is primarily driving the Japan tyre market. Furthermore, the wide presence of various key industry players in the country, such as Suzuki, Toyota, Nissan, Honda, Mitsubishi, etc., is also augmenting the market growth. Additionally, the expansion of the e-retail sector in Japan is further promoting the product’s online sales due to the various associated benefits, such as brand comparison, reduced prices, vast product portfolio, faster delivery, etc. Besides this, the emergence of innovative product variants will continue to drive the market for tyres in Japan over the forecasted period.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/japan-tyre-market

The report has segmented the market on the basis of Vehicle Type, OEM and Replacement Segment, Radial and Bias Tyres

Market Breakup by Vehicle Type
- Passenger Car Tyres
- Light Truck Tyres
- Truck and Bus Tyres
- Special Vehicle Tyres
- Motorcycle Tyres
Market Breakup by OEM and Replacement Segment
- OEM Tyres
  - Passenger Car Tyres
  - Light Truck Tyres
  - Truck and Bus Tyres
  - Special Vehicle Tyres
  - Motorcycle Tyres
- Replacement Tyres
  - Passenger Car Tyres
  - Light Truck Tyres
  - Truck and Bus Tyres
  - Special Vehicle Tyres
  - Motorcycle Tyres

Imports and Exports
- Imports
- Exports
Market Breakup by Radial and Bias Tyres
- Bias Tyres
- Radial Tyres
Market Breakup by Tube and Tubeless Tyres
- Tube Tyres
- Tubeless Tyres

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Tags: japan tyre market share, japan tyre manufacturers, japan tyre market growth, japan tire market trends, japan tyre market size, tyre manufacturers in japan See Campaign: https://www.imarcgroup.com/
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