The Asia-Pacific tire market is projected to witness a CAGR of 3.5% during the forecast period (2020-2026). Expected growth in the automotive market of the emerging economies such as China, India, South Korea, and ASEAN countries during the forecast period is a major factor for the growth of the market. Moreover, increasing per capita income and rising demand for high-performance tires are also increasing in the region. Demand from agricultural, and other special categories such as off-road, go-kart is expected, which is expected to provide significant growth to the market.
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The Asia-Pacific tire market is segmented based on vehicle type, road application, construction, tire type, and sales channel. By vehicle type, the market is further segmented into passenger cars, light & medium commercial vehicles, heavy commercial vehicles, two-wheeler, and other. During the forecast period, passenger cars and two-wheelers are expected to maintain a major market share in the country (in terms of volume). The market is further studied based on geography and is segmented into China, Japan, India, and the Rest of Asia Pacific. China will hold the largest market share during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Asia-Pacific Tire Market Report Segment
By Vehicle Type
- Passenger Cars
- Light & Medium Commercial Vehicle
- Heavy Commercial Vehicle
- Two-Wheeler
- Other (Construction, Agricultural, Customized Sports)
By Road Application
- All-Season Tire
- Summer Tire
- Winter Tire
- Other
By Construction
- Radial Tire
- Bias Ply Tire
By Tire Type
- Tubeless Tire
- Tubbed Tire
By Sales Channel
- OEM
- Aftermarket
Asia-Pacific Tire Market Report Segment By Geography
- China
- India
- Japan
- Rest of Rest of Asia-Pacific
The Report Covers
- Comprehensive research methodology of the Asia-Pacific Tire market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific Tire industry.
- Insights about market determinants which are stimulating the Asia-Pacific Tire market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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