Japan Tire Market Exceeds USD 119.32 Million in 2022, Projected to Surge with 1.8% CAGR by 2028

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Market Study Period

Historical Data: 2018-21

Base Year: 2022

Forecast Period: 2023-28

CAGR (2023-2028): 1.8%

Japan Tire Market Insights:

The Japan Tire Market sales volume was 119.32 million units in 2022 and is projected to grow at a CAGR of around 1.8% during the forecast period, i.e., 2023-28. The report covers each and every aspect of the market in detail, offering actionable insights to the stakeholders. We extensively cover key trends, opportunities, possible challenges, and major growth drivers for the industry. The report also highlights the role and involvement of governments and other relevant factors that promote market growth.

Japan Tire Market Opportunity:

Leveraging the Electric Vehicle Trend: The government of Japan aims to bring a 100% transition to EVs by 2035, resulting in a growing emphasis on exploring electric vehicles (EVs) trends. EVs often demand specialized tires designed for better energy efficiency and reduced road noise. This preference change might open up new opportunities for tire manufacturers in Japan to cater to the emerging electric vehicle market. By embracing this trend, the Japanese automotive industry garners international investors and partners, positioning itself as an attractive destination for EV-related investments and collaborations. This fosters technology transfers and elevates the industry’s global competitiveness. Besides, re-entering the EV segment allows Japanese tire manufacturers to consolidate their dominance as a major player in the world’s automotive market, further solidifying their reputation for innovation and sustainable mobility solutions.

Explore the Complete Japan Tire Market Analysis Report – https://www.marknteladvisors.com/research-library/japan-tire-market.html

Which segments are covered in the Japan Tire Market Research Report?

  • By Vehicle Type
    • Passenger Cars
      • SUV
      • Sedan
      • Hatchback & Bakkies
    • Light Commercial Vehicles (LCV)
      • Light Trucks
      • Light Buses
      • Pickup trucks & Vans
    • Medium & High Commercial Vehicles
      • Bus
      • Truck
    • Two Wheelers
      • Moped
      • Scooters
      • Motorcycles
    • Off the Road (OTR)
      • Earthmoving Equipment
      • Material Handling Equipment
      • Industrial & Mining Equipment
    • By Demand Type
      • OEM
      • Replacement
    • By Type of Tire
      • Radial
      • Bias
    • By Season
      • All Season
      • Summer
    • By Sales Channel
      • Online
      • Dealers/ Exclusive Outlets
      • Others
    • By Rim Size
      • 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 Price Category
      • Low
      • Medium
      • High
    • By Region
      • Hokkaido
      • Tohoku
      • Kanto
      • Chubu
      • Others

Top 10 Key Brands/Players in the Japan Tire Market

Our analysts have closely analyzed leading players within the industry, providing stakeholders with valuable insights into the competitive landscape. This enables them to formulate strategic tactics based on the comprehensive data compiled in the report. The information encompasses recent developments, mergers and acquisitions, product/service launches, expansion plans, and revenue-generating opportunities. Notable entities featured in the report include:

  • Bridgestone Corporation
  • Sumitomo Rubber Industries Limited
  • Yokohama Rubber Company Limited
  • Toyo Tires & Rubber Company Limited
  • Kumho Tire Japan Inc
  • Japan Michelin tire Co Ltd
  • Japan Goodyear Inc
  • Japan Pirelli Inc
  • Hankook Tire Japan

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/japan-tire-market.html

Frequently Asked Questions

  1. Which companies dominate the Japan Tire Market in terms of market share?
  2. What is the projected market size of Japan Tire Market in 2028?
  3. What key factor is anticipated to propel the Japan Tire Market by 2028?
  4. How big is the Japan Tire Market?

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