Japan Tire (Tyre) Market Research Report, 2027

Japan is a country in East Asia. It is one of the largest automotive producers in the world. The production scale of the automobile tyre industry in Japan has steadily increased and it is also supported by generally firm demand in the domestic market and active export. Growth in the tyre market increased due to the increasing demand of the people of Japan for automobiles and also due to the support of the government for making policies for safety purposes. A tyre is a ring-shaped component that surrounds a wheel's rim. Tires are designed to support the weight of the vehicle, absorb road shocks, transmit traction, torque and braking forces to the road surface and maintain and change the direction of travel. Tires are made of resilient rubber and filled with compressed air. From the viewpoint of automobile safety, various standards have been specified regarding tyres, because tyres are the automobile’s important part, and the guidelines for the items to be complied with in usage and maintenance of automobile tyres are specified in "Standards for Selection, Usage, and Maintenance of Automobile Tyres" by JATMA to ensure and enlighten the tyre's safety.

According to the report titled " Japan Tire (Tyre) Market Research Report, 2027" published by Actual Market Research (ActualMR), the tyre market of the country is expected to grow at a CAGR of around 3.75% by the end of the forecast period. In Japan, different types of tyres are classified on the basis of different segments. On the basis of design, radial tyres and bias ply tyres are available. Bias ply has low demand among the population of Japan because a bias ply tyre doesn't respond as well to cornering forces as the width of the sidewall increases and it is more sensitive to overheating. Both OEM tyres and replacement tyres are classified on the basis of end use. The replacement tyre has high market growth in Japan due to its low cost and it provides a sufficient amount of traction force on the road surface. On the basis of vehicle type, passenger cars, commercial-light weight, commercial-heavy, two-wheelers, three-wheelers, and other tyres are available in the Japanese market. Commercial-lightweight tyres have a high market share after passenger cars due to increasing demand for commercial-lightweight vehicles for business purposes like transportation of goods and services.

Original Equipment Manufacturer tyres are the tyres that a vehicle was originally equipped with from the factory. To select OEM tyres, automakers work with tyre manufacturers to choose or develop tyres that complement the characteristics and purposes of the vehicle. Replacement tyres are those that you purchase to replace the OE tyres. They are also known as aftermarket tyres. OEM tyres have low market attractiveness because they have limitations such as off-road driving, terrain trips, and other things that replacement tyres can easily overcome. The market attractiveness of OEM tyres is expected to grow gradually in the forecasted period. A radial tyre is a particular design of vehicular tire. In this design, the cord plies are arranged at 90 degrees to the direction of travel, or radially. In bias ply tyres, there are nylon belts for the tyre constructed at a 30–45-degree angle to the tread centre line. The radial tyre is best for greater distances at high speed because it dissipates heat better than a bias ply tyre. Radial tyre market share has been high in recent years, and it is expected to grow rapidly in the forecasted period.

Passenger car tyres are used in cars and vans. These types of tyres provide low rolling resistance and increase performance. Commercial-lightweight tyres are basically used for business purposes, like cargo vans. In trucks and buses, commercial-heavy tyres are applied, which provide an efficient traction force on the road on heavy loads. Two-wheeler and three-wheeler tyres are varied by their size and provide high fuel-efficiency and robust grip on the road. The CAGR of passenger car tyres was high from 2015 to 2020, and during the forecasted period it will be expected to be at its maximum. In Japan, the growth of the tyre market is due to factors like high sales of automobiles and innovation in technology manufacturing by tyre makers. Volatile costs of raw materials and retarding development have restricted the growth of the tyre market.

The Yokohama Rubber Company was established in Japan in 1917 as the second Japanese tyre company after Dunlop tyres. Yokohama tyres are a good choice for many drivers. The company offers a wide range of products, but consumers tend to prefer its performance and all-season models. Yokohama’s tread life warranties are standard, as are its prices.

Due to the spread of the COVID-19 pandemic, the manufacturing and supply chains were completely disrupted due to the nationwide lockdown imposed by the government in 2020. The operations of the market, such as production, sales, and marketing, were directly hindered, incurring huge losses for the tyre manufacturers.

Considered in this report
Geography: Japan
Historic Year: 2016
Base year: 2021
Estimated year: 2022
Forecast year: 2027

Aspects covered in this report
South Africa tire (tyre) industry Market with its value and forecast along with its segments
Application-wise tire (tyre) industry distribution
Various drivers and challenges
On-going trends and developments
Top profiled companies
Strategic recommendation

Based on market share:
By End-use
By Vehicle type
By design type

Based on By End-use types:
By original equipment manufacturer (OEM)
By Replacement type

Based on By vehicle types: 
Passenger cars 
Commercial light-weight
Commercial heavy-weight
Two-wheelers
Three-wheelers
Other types 

Based on By Design types:
Radial 
Bias tire (tyre)

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, analysis the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have to start verifying the details obtained from secondary sources.

Intended audience 
This report can be useful to industry manufacturers, consultants, and Key vendors related to Tire (tyre) industry. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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