Japan Tire Market 2018: Drivers, Trends & Growth Analysis

Tire Market in Japan 2014-2018
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One key trend in the market is the rise in demand from developing nations. There is a
significant rise in demand for automobiles because of the steady economic growth in the
BRIC countries. With higher disposable incomes, customers are increasingly focused on
safe driving and better drive quality.
According to the report, one of the main drivers in this market is the steady need for
replacement of old and damaged tires. With higher demand for the replacement of worn
out tires, the growth rate of the Tire market in Japan is expected to increase.
Further, the report states that one of the main challenges in this market is the increase in
the cost of raw materials, which adversely affects the financial status of manufacturers and
the Tire market in Japan.
Tires constitute an integral component of automobiles and are manufactured using raw
materials such as natural rubber, nylon tire cord fabric, and carbon black. Chemicals used
for the manufacture of synthetic rubber, such as SBR and PBR, are also used in the
manufacture of tires. The tires that are manufactured for the Automobile segment are of
two types: cross ply or bias tires and radial tires.
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Analysts forecast the Tire market in Japan to grow at a CAGR of 9.45 percent over the
period 2013-2018.
Covered in this Report
This report covers the present scenario and the growth prospects of the Tire market in
Japan for the period 2014-2018. The market size is calculated on the basis of the overall
revenue of tire manufacturers in Japan. Forecasts and analysis of the market have been
done in terms of value as well as volume. The market includes the following segments:
• Passenger Car Tires: Includes passenger car and utility vehicle tires
• Light truck tires
• Truck and Bus Tires: Includes tractor tires, construction equipment tires, and industrial
vehicle tires
• Special Vehicle Tires
• Motorcycle Tires
Tire Market in Japan 2014-2018

Tire Market in Japan 2014-2018, has been prepared based on an in-depth market analysis
with inputs from industry experts. It covers the landscape of the Tire market in Japan and
its growth prospects in the coming years. The report also includes a discussion of the key
vendors operating in this market.
Analyst recognizes the following companies as the key players in the Tire Market in Japan:
Bridgestone Corp., Nihon Michelin Tire Co. Ltd., Sumitomo Rubber Industries Ltd. and Toyo
Tire & Rubber Co. Ltd.
Other Prominent Vendors in the market are: Kyoto Tool, Ohtsu Tire and Rubber, Panaracer
and Yokohama Rubber.
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Market Driver
• Steady Need for Replacement of Old and Damaged Tires
Market Challenge
• Cost of Raw Materials
Market Trend
• Rise in Demand from Developing Nations
Key Questions Answered in this Report
• What will the market size be in 2018 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Tire Market in Japan 2014-2018

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Tire Market in Japan 2014-2018