Japan Tire Market is Projected to Cross $ 35 Billion by 2025, Due to Increasing Production Of Vehicles & Expanding Automobile Fleet Size in the Country – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Japan Tire Market, By Vehicle Type (Passenger car, LCV, M&HCV, Two Wheeler, OTR), By Tire Type (Radial vs Bias), By Demand Category Type (OEM vs Replacement), By Region (Kanto, Chubu, Kansai, etc.), Competition, Forecast & Opportunities, 2025” report has been added to ResearchAndMarkets.com’s offering.

Japan tire market is projected to cross $ 35 billion by 2025, on the back of increasing production of vehicles and expanding automobile fleet size in the country.

Moreover, rising R&D investments in automobile industry and increasing purchasing power of people is positively influencing Japan tire market. Additionally, surging penetration of energy efficient vehicles is further likely to aid the growth of Japan tire market in the coming years.

Japan is the world’s third largest developed economy. The country is home to major tire manufacturing companies – Bridgestone Corporation, Sumitomo Rubber Industries, Toyo Tire & Rubber Company and Yokohama Rubber Company. Moreover, with presence of over sixteen automobile majors, including Toyota, Honda, Daihatsu, Nissan, Suzuki, Mazda, Mitsubishi, Subaru, Isuzu, Kawasaki, Yamaha and Mitsuoka, Japan is one of the major automobile hubs in the world.

Years considered for this report:

• Historical Years: 2015-2018
• Base Year: 2019
• Estimated Year: 2020
• Forecast Period: 2021-2025

Objective of the Study:

• To analyze and forecast the size of tire market in Japan.
• To classify and forecast Japan tire market based on vehicle type, tire type, demand category type and regional distribution.
• To identify drivers and challenges for Japan tire market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Japan tire market.
• To conduct pricing analysis of Japan tire market.
• To identify and analyze the profile of leading players operating in Japan tire market.

To perform the study, conducted primary as well as exhaustive secondary research. Initially, researchers prepared an exhaustive list of tire players operating in the country. Subsequently, 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, researchers could include manufacturers which could not be identified due to the limitations of secondary research. Researchers analyzed product offerings, distribution channels, and regional presence of all major tire suppliers across Japan.

The author calculated Japan Tire market size by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. They sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Topics Covered:

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

5. Japan Tire Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2. Market Share & Forecast

5.2.1. By Vehicle Type (Passenger Car, Light Commercial Vehicle, Medium & Heavy Commercial Vehicle, Two-Wheeler, & Off-The-Road)

5.2.2. By Tire Type Radial Vs Bias

5.2.3. By Demand Category (OEM and Replacement)

5.2.4. By Company

5.2.5. By Region

5.3. Market Attractiveness Index

6. Japan Passenger Car Tire Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.1.2. By Volume

6.2. Market Share & Forecast

6.2.1. By Vehicle Type (Hatchback, Sedan, SUV)

6.2.2. By Tire Type Radial Vs Bias

6.2.3. By Demand Category (OEM and Replacement)

7. Japan Light Commercial Vehicle Market Outlook

8. Japan Medium & Heavy Commercial Vehicle Market Outlook

9. Japan Two-Wheeler Market Outlook

10. Japan OTR Market Outlook

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

13. Policy & Regulatory Landscape

14. Competitive Landscape

14.1. Bridgestone

14.2. Yokohama

14.3. Sumitomo Tires

14.4. Toyo Tires

14.5. Michelin

14.6. Goodyear

14.7. Pirelli

14.8. Hankook

14.9. Firestone

14.10. Kumho Tire

15. Strategic Recommendations

For more information about this report visit https://www.researchandmarkets.com/r/4jy11r

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