Australia Tire Industry Insights: Size, Share, Growth, and Demand Analysis for the Next Decade

Business Jan 22, 2025 7 Add to Reading List

MarkNtel Advisors analyses the growth rate of the Australia Tire market in the forecast period from 2022 to 2027. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the Australia Tire market, helping them make informed decisions.

Market Outlook – 2022-2027:

The Australia Tire Market is projected to grow at around 4% CAGR during the forecast period, i.e., 2022-27. The growth of the market is likely to be driven by the rapidly increasing number of large-scale construction projects, including the development of roads, highways, & buildings, among others, owing to the mounting focus of the Australian government on infrastructural developments. It, in turn, is augmenting the demand for several heavy commercial vehicles.

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Key Company Profiles

This report explores recent significant developments in the Australia Tire Market, focusing on the leading companies and their innovative profiles. The major players in the Australia Tire Market, featured in this report, include:

Bridgestone
Goodyear and Dunlop Tyres
Continental
Yokohama
Michelin
Pirelli
Kumho
Hankook
Toyo
Federal tyres Australia

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Market Segmentation & Coverage

This research report by MarkNtel Advisors categorizes the Australia Tire Market to forecast revenues and analyse trends across each of the following sub-markets:

By Type of Vehicles
- Passenger Car
- Light Commercial Vehicle
- Buses and Trucks
- Medium and Heavy Commercial Vehicles
- Off the Road (OTR)
- Two Wheelers
- Three Wheeler

Amongst all vehicle types, passenger cars are anticipated to continue their dominance in the Australia Tire Market during the forecast period.

By Demand Category
- OEM
- Replacement
By Type of Tire
- Radial
- Bias
By Sales Channel
- Dealer/Exclusive Outlets
- Online
- Direct Sales
By Season
- All season
- Summer
By Price Category
- Budget (Up to USD90)
- Economy (USD91-USD140)
- Premium (Above USD140)
By Rim Diameter
- Upto 12”
- 1” to 15”
- 1.” to 18”
- 1” to 20”
- 1” to 22.5”
- 6” to 26”
- 1” to 35”
- 1” to 47”
- Above 47”
By Region
- West
- North
- South
- Queensland
- New South Wales
- Victoria

Key Driver: Increasing Construction Activities

Since the government of Australia is increasingly focusing on the development of the country's infrastructure, the number of construction projects for roads, highways, complexes, residential & commercial buildings, educational institutions, healthcare facilities, among others, is escalating swiftly. It, in turn, is propelling the demand for robust vehicles & construction equipment like bulldozers, cranes, excavators, and others.

As a result, this mounting demand for heavy vehicles is directly impacting the requirement for robust tires to deliver improved grips, stability on different terrains, and low rolling resistance & traction, among other capabilities. Therefore, automakers & tire manufacturers are seeking different opportunities to introduce new vehicles & tires and expand their production capacities to suffice the burgeoning tire requirement and boost the market in the coming years.

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Key Questions Addressed:

Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?

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